Posted:
#26
above supposed to read SKF in the 60s...
October Stock Talk I
Posted:
#31
Hat,
HLIT doing just fine in the midst of this mess, very little risk there if you ask me.
Buffett got GE good..for a 10% preferred shares and the warrants at 10% plus below the current price and below the near 10 year low on the stock.
I think it shows how shaky GE is and their credit division cannot sell commercial paper due to illiquid markets.
Longer term the investment is what about 3% of the market cap for the stock? I imagine down the road they will improve and call the preferred shares back and cash out Buffett..and he will ex the warrants and make out on both sides.
Buffett is no prince I can tell you that.
HLIT doing just fine in the midst of this mess, very little risk there if you ask me.
Buffett got GE good..for a 10% preferred shares and the warrants at 10% plus below the current price and below the near 10 year low on the stock.
I think it shows how shaky GE is and their credit division cannot sell commercial paper due to illiquid markets.
Longer term the investment is what about 3% of the market cap for the stock? I imagine down the road they will improve and call the preferred shares back and cash out Buffett..and he will ex the warrants and make out on both sides.
Buffett is no prince I can tell you that.
Posted:
#33
Quote Originally Posted by Vermeer:
above supposed to read SKF in the 60s...
above supposed to read SKF in the 60s...
I actually bought some SKF this afternoon, as a hedge against the UYG I bought Monday afternoon at $16.
I am a little pissed at Proshares, as the NAV of UYG was significantly under the bid/ask. The difference at close was to the tune of $1.75 per share. They really need to do a better job of tracking their index's. You can get the current value of these ETF's by getting quotes through symbols SKF.IV and UYG.IV. Just something to keep in mind when you pull the trigger.
Anyway, I covered my UYG when I saw JPM making 52 week highs today. I don't care how great a bank they are, that's crazy in this enviroment. Definitely a puss move to hold both, but I don't have a clue what's going to happen these next two days, and I'm willing to wager both will be trading higher then my pps sometime next week.
I bailed on my GE last week during the run up. I will nibble again at anything close to $22 as a long term holding.
Well, back to the game with my +24.5 points and cold Miller Lite(s)
Cheers.
Posted:
#34
Harry Reid almost pulled a Chuck Schumer today.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
Posted:
#35
I cannot do anything with SKF until they abandon the complete overt manipulation of the financials by government fiat.
Too many other things to look at as potential buys to worry if some stooges in DC decide to let the markets work or not.
I think the safest play on financials if I HAD to make one would be BRKB, as he is going to clean up off of the incompetence and stupidity of others,, and is getting sweetheart deals while, incredibly, burnishing his PR image. Gotta hand it to him, he reams people and still gets positive PR.
Too many other things to look at as potential buys to worry if some stooges in DC decide to let the markets work or not.
I think the safest play on financials if I HAD to make one would be BRKB, as he is going to clean up off of the incompetence and stupidity of others,, and is getting sweetheart deals while, incredibly, burnishing his PR image. Gotta hand it to him, he reams people and still gets positive PR.
Posted:
#36
I would say that "maybe, might, possibly, small chance, who knows" the trade tomorrow is to fade the open if there is a substantial gap-up by shorting SP 500 (SPY).
I am not sure if the fascists are forbidding the public from selling short SPY. Anyone know?
GE is crap. If it were worth a damn, the oracle of Omaha wouldn't be getting terms like that for his investment. GE, just like GS, will go nowhere for the next 3-5 years, but Buffett will make out like a bandit for essentially free money.
Got to hand it to him......dude knows his stuff.
Credit card companies (COF, MA, VISA) may be next to get slaughtered once short selling comes off. Consumer is tapped out, getting laid off, and interest rates are rising. Lot of defaults coming up.
Very ugly future.
Friday could be horrific when the NFP numbers post, but I think the gov't will lie about the numbers. Wait 'til pink slip time comes in December and then Jan/Feb numbers.
One bleak, cold, ugly winter is coming. And I don't mean the weather.
Posted:
#37
Quote Originally Posted by jaxwhitey:
Harry Reid almost pulled a Chuck Schumer today.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
Harry Reid almost pulled a Chuck Schumer today.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
I work for BCBS dont scare me like that! 
Posted:
#48
Wow what a beat down for MOS...glad my Dad was stopped out at 80 ....
Mosaic Co., the world's second-largest fertilizer maker, fell the most in almost four years in New York after first-quarter profit trailed analysts' estimates and the company reduced its forecast phosphate production.
Mosaic dropped $21.58, or 32 percent, to $45.93 at 10:04 a.m. in New York Stock Exchange composite trading. A close at that price would be the biggest one-day decline since trading began in October 2004. The Plymouth, Minnesota-based company's shares had fallen 28 percent this year through yesterday.
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