Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-24-2008, 11:59 AM   #81
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Bottom fishing at $2-3 a share would have been a huge gamble that would have paid off big. Someone buying at $3 could have more than tripled their money in a week...
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-24-2008, 12:16 PM   #82
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
you get better odds learning to play poker and going to a casino

the people who were buying the shares did so because they had a lot of money at stake and losing money on the shares would win big in other areas
__________________

__________________
al_bundy is offline   Reply With Quote
Old 03-24-2008, 12:35 PM   #83
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by FinanceDude View Post
Jamie Dimon is no dummy. Bottom line, he got the Fed to back him so has NO RISK to take over Bear's liabilites. Plus, he knows Bear can't raise any money in the markets or borrow any more money, so he gives them an artificially bid as a way out.

Another bank may come in to outbid JPM, but Jamie is testing the waters on that, and I am sure he is prepared to move the bid to $8-$10 a share if necessary, because all he really WANTS is the clients of Bear, and that to him is worth the money........
Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 03-24-2008, 12:50 PM   #84
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by FinanceDude View Post
Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
Yes, you are ready for big time.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 03-24-2008, 12:55 PM   #85
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,315
Quote:
Originally Posted by FinanceDude View Post
Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
I hope you put your clients into BSC last week, just as you did with Thornburg a week or two before, when it was trading for a dollar.
__________________
FIRE'd@51 is offline   Reply With Quote
Old 03-25-2008, 09:09 AM   #86
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by FIRE'd@51 View Post
I hope you put your clients into BSC last week, just as you did with Thornburg a week or two before, when it was trading for a dollar.
Nope, the guys on the stock picking forum spooked me, I guess in the end I'm too wimpy to do those trades on a weekly basis...........

Time to buy some naked puts...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 03-25-2008, 09:17 AM   #87
Full time employment: Posting here.
Retire Soon's Avatar
 
Join Date: Nov 2005
Posts: 655
Quote:
Originally Posted by FinanceDude View Post
Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
Where did you buy your crystal ball? Can one be found on e-bay?
__________________
Retire Soon is offline   Reply With Quote
Old 03-25-2008, 09:26 AM   #88
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Retire Soon View Post
Where did you buy your crystal ball? Can one be found on e-bay?
It's called luck......... I used to work at Chase, and I know a lot about Jamie Dimon and even got the chance to meet him once.

He's a shrewd guy, and would like nothing better than to bury Citi after the way Sandy Weill ousted him..............
__________________

__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bear Stearns - Cramer's double take Running_Man FIRE and Money 15 03-15-2008 09:00 AM
Kinder Morgan Energy Partners LP (KMP) Dawg52 Stock Picking and Market Strategy 4 09-13-2007 08:30 PM
Vanguard Lifestyle Funds vs. Morgan Stanley scubamonkey FIRE and Money 3 08-14-2007 04:58 PM
Does anyone here drink a lot of Captain Morgan?? thefed Other topics 12 09-18-2006 07:36 AM
Buffet buys wildcat FIRE and Money 6 04-22-2005 05:39 AM

 

 
All times are GMT -6. The time now is 04:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.