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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (31749)	5/4/2005 5:45:48 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 110194

That's pretty much my take....this was greenmail, more or less. He either sold into today's action, or he's gonna try and strong arm GM management into a major restructuring which may or may not work (given the nature of their union/pension obligations, I suspect not). Note that this implies NOTHING for Ford, which is absolutely blowing chunks in the market....today was an excellent reshorting opportunity for them, IMHO. DISCLOSURE: NO position on GM, SHORT shares of Ford.

To: ild who wrote (31749)	5/4/2005 5:47:58 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

>>This is another reason why I encourage folks at home not to mess around with short-selling. It looks easy while stocks are going down, but trust me, it's anything but<< Oh, please...he advises people to buy puts, there you have all the same ways to lose plus primo decay. There's no such thing as a free lunch, playing the dark side (in the current environment) is less risky than going long at these valuations in the intermediate term and longer.

To: ild who wrote (31749)	5/4/2005 6:37:54 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

That is hell of a good move by this old fart. I have to bow to Kerkorian even though he cost me a buddle today, hopefully just temporarily. I often wonder about the legality of such moves. Anyone with serious money can do it. The Chinese and Japanese can play this game very easily by quietly taking as big a position as they can in anything, then make some announcement that will make that position extremely profitable and close the position when all the suckers are drawn in.