Fly Buy: UYG, WB
April 24, 2008 – 2:09 pm
I bought 5,000 [[UYG]] @ $33.05, 5,000 [[WB]] @ $27.38 and 5,000 [[CORS]] @ $9.35.
Disclaimer: If you buy UYG, WB or CORS because of this post, another big bank will be bailed out. And, you may lose money.
Uh???? Are you off your rocker?
April 24th, 2008 at 2:13 pmWow, I guess it makes sense, the market doesn’t seem to care about negative news, and the fed has the banks back, A lot of tards ruled the dot com era, and major coin was banked, and a lot of money on the sidelines, but hell, don’t you think there will be another bank that has problems first? I guess all this fed cutting rates is rediculous and the banks are basically borrowing money for cheaper than free if you consider inflation…
April 24th, 2008 at 2:24 pmForward looking market might not even care about what happens. in the future, because the 30% downside will be wiped away eventually, so they buy now, and don’t even care.
It’s just crazy though, I feel I’m at the wrong blog.
Where’s Bruce been all day? Is he getting another meeting with the green folk?
April 24th, 2008 at 2:41 pmNow what happens if the market decides to top at 13,000? What is your exit strategy? High beta like CORS? Me don’t want to play there.
By the way if we fail 1400 again it could get bad.
April 24th, 2008 at 2:42 pmI own WB. They have the best customer service, year after year. That’s why I bought their stock instead of Skank of America or others.
Funny. If you would have been taking Paulson’s advice to buy the banks or we will kill you…must have been your subconscious speaking through you.
April 24th, 2008 at 2:42 pmUYG I can conceive. But CORS? CORS?? Them condo loans ain’t never comin back.
April 24th, 2008 at 2:44 pmShow ‘em how it’s done, Fly! Selling banks short is what the do in France. Here in America, we smoke cigars, eat meat, and buy banks! Huzzah!
April 24th, 2008 at 2:44 pmi hate you fly
April 24th, 2008 at 2:46 pmAlias: BPOE
XFML!!! up 10%
April 24th, 2008 at 2:47 pmForget financials… Yea for Visa!
April 24th, 2008 at 2:49 pmAfter sniffing glue all night, I decided to go long XFML. Love that football stuff. Anyway, thanks for giving me the courage.
April 24th, 2008 at 3:09 pm