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ubuy2wron
5 Comments
On Short-Sellers and Dishonest Executives [view article]
Short selling is good it creates liquidity it can even lessen losses for naive traders on the other side of the transactions (lower highs and higher lows). That said naked shorting and the short and distort and the I will short you to zero crowd are destroyers not creators and should be stomped on like the cockroaches they are. Aug 04 10:29 AMHas Merrill Survived the Current Crisis? Analysts Weigh In [view article]
What the heck did MER sell to Lone Star at deeply discounted prices. Was it a portfolio of mortgages on a bunch of crack house in Detroit. Even with 100% LTV and sub 500 fico scores a super senior tranche should realize. This must have been a whole bunch of seconds or some other similarly insane portfolio. Stan Oneil you should be ashamed. Jul 29 02:15 PMThe Garage Sale Indicator [view article]
Lies, damn lies and then there are statistics. Jul 28 08:58 AMThe Bullish Case for Oil [view article]
Lets see Chinese consume less oil per capita than us so the price of oil HAS to go up. They also consume far less Budweiser per capita there fore the price of beer HASW to go up in fact they consume proprtionally less beer so Bud is a better investment right. Jul 07 08:20 PMBofA Left to Clean Up Countrywide's Mess [view article]
BAC paid less than zero for CFC. The mortgage servicing business has a value north of 20 billion. If the credit losses ,severance and law suits are less than 15 billion they got a bargain. I absolutely believe that this will be looked upon as a bargain purchase in 1 years time.They have an insurmountable lock on the most important consumer credit market going forward . Jul 03 09:14 AM