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  • Mr. Market Has Spoken [View article]
    Next growth industry is guillotine manufacturing! Get in on the ground floor! This one's gonna make Red Hat look like Citi!
    Feb 23 10:51 am |Rating: +3 -6 |Link to Comment
  • Why Friday Was Such a Critical Day for Bank Stocks [View article]
    NO! It rebounded in the last hour because of the PPT.


    On Feb 22 04:21 PM Omer wrote:

    > The market was selling on Fear on Friday of nationalization. The
    > white house explicitly stated they were not interested in nationalizing
    > the banks. That's why the market rebounded in the last hour or so
    > of trading. BAC hit lows of 2.50 and rebounded up to $4 after hours.
    Feb 22 23:11 pm |Rating: +1 -2 |Link to Comment
  • Why Friday Was Such a Critical Day for Bank Stocks [View article]
    Optimistic soul at heart? Nah, thats the other tall fat guy in the corner..

    Actually I should have bracketed that post with quotes as those are the words of the author I attributed with the link to the article.

    I have no positions. There are old sailors and bold sailors. There are no old bold sailors.




    On Feb 22 10:31 AM paultaut wrote:

    > Bosun: Since I know you are an optimistic soul at heart and very
    > diligent as your handle implies, I take it you have a reason for
    > your pessimism. They are both "dead" per your view. But you aren't
    > shorting them either.
    >
    > I make this assertion because you did not disclose a short position,
    > BAC will be BACk to $7 by the end of next week and the overall market
    > will rally.
    >
    > You are afraid to be wrong. IMHO
    >
    Feb 22 10:54 am |Rating: +2 -3 |Link to Comment
  • Why Friday Was Such a Critical Day for Bank Stocks [View article]
    Citigroup (C) declined 61% from a peak of $4.10 to an intraday low of $1.61 over just 10 trading days. Bluntly put: Citigroup is dead.

    Bank of America (BAC) declined 64% from a peak of $7.05 to an intraday low of $2.53 over just 10 trading days. Bluntly put: Bank of America is dead.

    Dead actually means dead. It is unlikely they can survive the weekend... and if they do, they most definitely cannot survive the week.

    benbittrolff.blogspot....

    GET OUT WHILE YOU STILL CAN!!
    Feb 22 09:30 am |Rating: +4 -20 |Link to Comment
  • Bailout Accountability: Something's Rotten in the Treasury's Kingdom [View article]
    The time for accountability was before this TARP pornography was allowed to exist.
    Jan 12 10:27 am |Rating: +7 -8 |Link to Comment
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