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Strategies & Market Trends : Ride the Tiger with CD

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From: koan8/1/2008 12:03:03 PM
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Bought Jan 2010 $5 and $7.50 CDE/CDM calls this morning .65 and .35.

We shall see.

Looks like Ford, GM and Chrysler are all going to go into bankruptsy. $15 billion loss last quarter for GM! It will be interesting to see if the FED bails them out too.

Their own fault: Their failure is outlined in "Organization Man" and "The Man in a Gray Flannel Suit".

For 50 years all three companies have engaged in porogrphic conformity, group think and greed. So any person who was a rational thinker would not have been hired, and if hired, never move up the managerial ladder.

There was no one to check their thinking and say "maybe building gas guzzlers with no flexability to build fuel efficient cars is not such a good idea-lol. Go look someday at Fords "super truck"! Nuts.

And they had the 1970's to guide them!

"There is no one so blind as those who will not see"-lol!
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