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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 161.66+0.8%11:48 AM EDT
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To: tree_toe_bandito who wrote (6138)10/12/2008 11:20:22 PM
From: tree_toe_bandito   of 6180
 
Hey! I'm having to reply to my own post! Here's the latest from Bloomberg:

"The U.S. government has assured Mitsubishi UFJ that it's investment in Morgan Stanley would be protected, the New York Times reported, citing people it didn't identify. The pledge, made to keep Mitsubishi UFJ from walking away, may serve as a model for future transactions, the report said."

Wow! If that is true about the government protecting Mitsubishi's investment, it says Paulson has learned how to stop spreading the panic.

George Soros said that the US government should replace Mitsubishi in the deal and buy preferred with a higher conversion price. Guess who has stock in Morgan Stanley? Soros is a billionaire. If it is such a good deal, maybe he should make a better offer than Mitsubishi.

Actually, it is sad to sell Morgan Stanley at a fire sale price. If I were Paulson, I would buy the taxpayer a piece of Morgan or at least make Mitsubishi offer a better price.

If all this is true as reported by Bloomberg at

bloomberg.com

then it says that soon we will be able to start thinking of investing in TXN again, but not until after the earnings report unless you are a gambler.

I will also take this opportunity to rant against the short sellers who drove down M.S. stock. After this deal is done, they will move on to Goldman Sachs. If Paulson would give these short sellers a bloody nose, it would hasten the end of the panic.
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