johnpaulca
12,036 posts
msg #67747
- Ignore johnpaulca |
9/25/2008 4:19:17 PM
Wouldn't want to be Greenberg he was selling his shares for $3, he has now lost about 5B...not bucks but billions. When you are 83 yrs old you don't need that kind of cash anyways...just enough money to buy Viagra....lol. What kind of message is he sending to his investors...idiot.
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TheRumpledOne
6,411 posts
msg #67748
- Ignore TheRumpledOne |
9/25/2008 4:27:59 PM
THAT'S FUNNY!
Wasn't today fun?!?!?
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tdavisfn
13 posts
msg #67752
- Ignore tdavisfn |
9/25/2008 4:57:08 PM
Actually it's days like this that make one feel alive; you can't feel pain without being alive...LOL
I was all prepared to brag about taking 3.70 but hesitated (got greedy) and then had to leave for a couple of hours thinking ABK would soar higher while away. Wrong, now it's back to my cost basis so no harm just no profits...yet.
FNM, FRE, and AIG didn't fair as well either and they're all slightly below my cost basis, just have to watch and react.
I'll chalk this one up to missed opportunities but like an old Greek friend of mine once said, "opportunies are like elevators, there's always another one to catch".
Moral or the story > take profits, especially in voltile times as these.
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TheRumpledOne
6,411 posts
msg #67758
- Ignore TheRumpledOne |
9/25/2008 8:42:01 PM
That's why I say, "DON'T BE GREEDY" and "TAKE YOUR PROFIT BEFORE THE MARKET TAKES IT BACK".
Remember, whenever the market smiles upon you and you are sitting on a nice profit you can always exit part of your position to lock in that profit and let the rest ride.
If it goes higher then you're still in play.
If it goes lower you have locked in profit and can exit before the rest of the profit is gone.
That's a win / win.
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FuriousThug
256 posts
msg #67765
- Ignore FuriousThug |
9/25/2008 11:16:23 PM
W/r/t Greenberg: saw that piece of news flash by and then watched AIG tank...what could he possibly be thinking?
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tdavisfn
13 posts
msg #67767
- Ignore tdavisfn |
9/26/2008 1:11:12 AM
Regarding Greenberg > sold to reduce holdings to less than 10% (Bloomberg)
< >
This is realy good news because he does not need to sell more shares. Most people dont know that this is a very good news.
There are 2690M outstanding shares. He owned 11% shares. selling 40M shares is bringing him just below 10%.
Regarding ABK,
"ABK is an insurance company. They don't have mortgage debt nor did they purchase any bonds from the Fannies & Freddies. They have have CDs that they hold to pay off bad Bond Insurance debt. So if they are downgraded ABK has to come up with more Cash / Capital to back the "Possible" losses if the bonds they insure go bad. But we already
know that the Bailout is getting hashed out and we will see something announced no later than Sunday as Congress will have to vote on the Bill over the weekend to pass it. Just the announcement will give us a pop over $5 again. Then we will flirt with $6 over 1-2 sessions. Then Moody's will get it. "
We'll see
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TheRumpledOne
6,411 posts
msg #67793
- Ignore TheRumpledOne |
9/26/2008 2:21:55 PM
$2.50 - $3.00 nice bounce
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TheRumpledOne
6,411 posts
msg #67867
- Ignore TheRumpledOne |
9/29/2008 2:39:01 PM
BARGAIN BASEMENT PRICING IN EFFECT!!
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TheRumpledOne
6,411 posts
msg #67921
- Ignore TheRumpledOne |
9/30/2008 9:35:00 AM
Nice POP!
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TheRumpledOne
6,411 posts
msg #67980
- Ignore TheRumpledOne |
10/1/2008 1:11:55 PM
RUN ABK, RUN!!
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