7 replies to this topic

[greenie]

Dumbest trade - gonna stay with me for a while.

[OEXCHAOS]

I'll bet you're out of it in 60 days for chump change after paying me my dividends. In fact, that's EXACTLY what I'm betting. BTW, the close looks like an out of sequence trade after hours. True close looks like 14.41. Which is up from my entry. The company can liquidate for 15.65 or more. M

[A-ha]

Dumbest trade - gonna stay with me for a while.

I shorted Bearstearns at the open , first time !

and you know where it is going... its gonna take out last weeks close and take the rest of the suckers and the whole market with it.. this is a money in the bank trade.


http://www.traders-t...?...st&p=307120

see this chart for more details...

Edited by A-ha, 13 August 2007 - 04:06 PM.

[ogm]

Dumbest trade - gonna stay with me for a while.

I shorted Bearstearns at the open , first time !

and you know where it is going... its gonna take out last weeks close and take the rest of the suckers and the whole market with it.. this is a money in the bank trade.


http://www.traders-t...?...st&p=307120

see this chart for more details...

Chart is meaningless here...

BSC is trading near its book value. I posted an article yesterday. Their current book is 90 bucks per share.
And on that book they carry their Manhattan building at 500 mil, and that building is worth 2 bil.

So that makes their real book value about 100 per share. That makes it a floor for BSC. You better have a darn good reason to short stocks trading under book value. You'll have Warren Buffet on the other side of that trade in no time.

Edited by ogm, 13 August 2007 - 08:12 PM.

[NAV]

Greenie, I don't see NRO trading below 14.08 in either the regular session or the after hours session. Where did that 13.48 come from ? Maybe my charting software is broken. Which charting software do you use?

[OEXCHAOS]

Dumbest trade - gonna stay with me for a while.

I shorted Bearstearns at the open , first time !

and you know where it is going... its gonna take out last weeks close and take the rest of the suckers and the whole market with it.. this is a money in the bank trade.


http://www.traders-t...?...st&p=307120

see this chart for more details...

Chart is meaningless here...

BSC is trading near its book value. I posted an article yesterday. Their current book is 90 bucks per share.
And on that book they carry their Manhattan building at 500 mil, and that building is worth 2 bil.

So that makes their real book value about 100 per share. That makes it a floor for BSC. You better have a darn good reason to short stocks trading under book value. You'll have Warren Buffet on the other side of that trade in no time.

One should be very careful using classical value as a criterion with a broker. There's a lot of good will and a lot of liability that doesn't show on the books. It can evaporate surprisingly quickly. I don't like the risk.

M

[A-ha]

First you have to learn more about what declining multiples means to comment on BSC.

Chart is meaningless here...

BSC is trading near its book value. I posted an article yesterday. Their current book is 90 bucks per share.
And on that book they carry their Manhattan building at 500 mil, and that building is worth 2 bil.

So that makes their real book value about 100 per share. That makes it a floor for BSC. You better have a darn good reason to short stocks trading under book value. You'll have Warren Buffet on the other side of that trade in no time.

[greenie]

Greenie,

I don't see NRO trading below 14.08 in either the regular session or the after hours session. Where did that 13.48 come from ? Maybe my charting software is broken. Which charting software do you use?

NAV, it was a typo - my mistake. 14.48 was the price where I nabbed it yesterday. My initial position two days back was at 14.7. Half of it was covered (14.1), and still retaining the other half.

13.48 will come soon though