Kaboom.
HUGE confidence booster for the whole subprime thing.
Buffet taking stake in Bear Sterns
Started by
ogm
, Sep 26 2007 02:16 PM
10 replies to this topic
#2
NAV
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Posted 26 September 2007 - 02:26 PM
You gotta love this Buffet guy. On one hand, he warns of derivatives akin to nuclear bombs (and the perma bear clowns quote him 
). Then he makes a value buy on a derivatives monster that Bear sterns is. Smart guy !
). Then he makes a value buy on a derivatives monster that Bear sterns is. Smart guy !
Edited by NAV, 26 September 2007 - 02:27 PM.
#3
Jnavin
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Posted 26 September 2007 - 02:38 PM
May I point out that the report is that Buffet is "considering" a stake, not that he has taken one.
#4
ogm
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Posted 26 September 2007 - 02:52 PM
May I point out that the report is that Buffet is "considering" a stake, not that he has taken one.
True.
Now someone there is saying its not Buffet at all.
Well, doesn't matter to me.. whatever excuse is to jam the market higher.. works for me
DOW will have the highest close since the rate cut today.
Edited by ogm, 26 September 2007 - 02:53 PM.
#5
skyymaster
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Posted 26 September 2007 - 03:00 PM
Value Play, yeah, look where Moody's got him in the past 5 months. As far as I know he still holds a position in this. I remember he had a big position in USAIR until it was about $6 share 15 years ago. 
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#6
ogm
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Posted 26 September 2007 - 03:04 PM
Value Play, yeah, look where Moody's got him in the past 5 months. As far as I know he still holds a position in this. I remember he had a big position in USAIR until it was about $6 share 15 years ago.
Yeah, Buffet, what a sucker.
Now, the skymaster.. thats a great investor
#7
OEXCHAOS
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Mark S. Young
Posted 27 September 2007 - 08:15 AM
Kaboom.
HUGE confidence booster for the whole subprime thing.
It's a "value trap"!
Genius!
Actually, not kidding, I think that there are bodies buried there and I'd not be investing there. Too complex.
But what do I know!
Mark
Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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#8
NAV
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Posted 27 September 2007 - 08:59 AM
Kaboom.
HUGE confidence booster for the whole subprime thing.
It's a "value trap"!
Genius!
Actually, not kidding, I think that there are bodies buried there and I'd not be investing there. Too complex.
But what do I know!
Mark
Mark,
NRO is trading at 15.5. You must be feeling like a moron now
#9
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Mark S. Young
Posted 27 September 2007 - 09:02 AM
I'm trying to ignore it so I don't sell it too soon. The play is supposed to give me lots of dividends... 
Mark
Mark
Mark S Young
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http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#10
NAV
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Posted 27 September 2007 - 09:31 AM
I'm trying to ignore it so I don't sell it too soon. The play is supposed to give me lots of dividends...
Mark
I hope you didn't get my tongue-in-cheek wrong. I mean't you must be feeling like a moron cuz now you are sitting on profits + awaiting dividends.
