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Last Activity: Added AIB to bearish list on 10/28/09  Current Stock List: Symbol SP Sentiment Rating Return Since AIB +2.21% 10/28/09 ING -1.92% 10/26/09 USO +2.24% 10/20/09 MT +2.01% 10/20/09 GS +9.31% 10/08/09 FAS +11.94% 10/08/09 STP -10.50% 10/07/09 UNG +25.38% 10/07/09 SMFJY N/A n/a 09/17/09 SHLD -14.59% 09/11/09 All-time Sectors of Interest ... View All > Opinion & Analysis Currently not a fan of government-aided banks   about AIB   10/28/09 Not sure why anyone would want to own shares in things like FNM, FRE, AIG, or C, but perhaps AIB is even nuttier as the Irish government is smaller than the print-happy US, and is more subjected to the... Too much dilution, too little hope   about ING   10/26/09 This math is probably not right, but at least you'll be able to follow it. as of Sep 2008 quarter-end, ING had roughly 23.7 bn (euros) in equity value on the balance sheet (book value). Of this a... Oil going to $20s in 2010   about USO   10/20/09 The cure for our economic cancer is not printing dollars and cars for clunkers, it's getting rid of the cancer. That means banks and suburbs will enter a 100 year decline. Suburbs are inefficient, th... Steel is no place to be   about MT   10/20/09 1. Too many US houses, commercial buildings, shopping centers. 2. Roads today are excellent compared to 1980 (for instance). 3. Cars for Clunkers will end up being a high point. 4. Chinese steel... Short this on principle, catalyst is public-ire-rai..   about GS   10/08/09 Let's do the math on our friends Goldman Sucks. Point 1: Our dolty Gov't handed GS $13 bn in cash by saving AIG, a company with whom Goldman foolishly traded. Point 2: GS is supposedly looking ...

Discussions

Re: Company in trouble--looking to sell itself 10/26/09
Any update on possible sale? It's the one stock I've seen that's actually down from March 2009. Also, at a market cap of less than $25mm, it's not exactly something people on this website can bite into.

Re: Bullish on FRE ... 10/20/09
nice spec here. But do you still love it? The company is as bankrupt now as it was back then. Shudder to think how many years/decades it will take for this and its brother to pay off the public debt (to us, the taxpayer). Unlike Bushed, Obama seems interested in getting rid of these ghost companies.

Re: Strongest bank in the world, for now 10/20/09
By the way, Wachovia was an idiotic impatient acquisition. About the only good reason WFC provided was the tax savings. One shouldn't make investment initiatives in wobbly institutions based on tax decisions.

Re: Strongest bank in the world, for now 10/20/09
This was another idiotic pick by me. Yeah, so they largely avoided subprime mess, and so the 2nd richest man in the world supports this thing. But they participated plenty in 2nd and 3rd liens, and other bad loans. Buffett is a politician now, and his beloved bank was bailed out by the government, so Warren is simply a government pawn at the public nipple like most other financial institutio...

Re: Q3 should be good yr/yr 10/15/09
I was lucky to get out of this one alive. Should have sold for a loss back in October or November 2008.

Re: WFC short 10/08/09
Does this mean you haven't yet shorted WFC with real money? How will you be able to determine a small market correction (like last week's 3% drop) from an actual bigger drop in the stock market? Let's say the markets are 9% off their highs, maybe that's just a small correction before we set new highs? Maybe we just keep going up into December like 1999? Maybe we have a crash such that you a...

Re: Bullish on TWM ... 10/08/09
What would you say to all the punters that say Q409 over Q408 will be gangbusters due to the easy comparison? Also, Alcoa has indicated that companies are cost-cutting their way to outperforming in Q3. Rebuttal?

Re: Bullish on IBCA ... 10/08/09
If their loans continue to sour, they really won't generate cash at all, no? FNM seems like a trading vehicle, I mean, it's essentially bankrupt several times over, the gov't just didn't ax the shareholders (but will next time, since Obama ain't like Bush).

Re: Acapulco Cliff Dive 10/08/09
Nice commentary there, I didn't know you spoke HTML so fluently.

Re: start your engines 10/07/09
This was an idiotic recommendation on my part. UNG is flawed security. Since July 22, 2009 when this recommendation was issued to buy Natural Gas, the October 2009 contract traded from $4.00 to about $4.00 when it closed trading. The November contract traded from $4.65 to about $5.00 today. But UNG lost money, big time. I won't bother explaining how UNG works, but suffice it to say you sho...




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