The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter V who wrote (110784)	3/17/2008 6:12:40 AM
From: Mike Johnston	Read Replies (2) of 306849

How about all those people who bought the 186 MILLION shares of BSC on Friday? Perhaps they were " book value" bottom fishers. In the old days book value was pretty much a floor under a financial stock. BSC had stated book value of $84 per share. But these days, with Level 3 assets, fraud, off balance sheet debts, lack of transparency and fantasy accounting, you cannot trust anything, you cannot trust AAA rating, cannot trust book value or even stated cash on the balance sheet. Russ Winter said last week " buy the lie, lose your a..". These people bought the lie and are going to lose. I am waiting for all those who are buying the "no inflation" lie to lose big.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next