Silicon Investor (SI) -- The First Internet Community

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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (29614)	1/8/2008 8:58:51 PM
From: Madharry	Read Replies (1) \| Respond to of 78462

The CFC situation is very serious. I should have recognized that the financials and home builders are in terrible shape. It will be very difficult of countrywide to roll over its current debt given the opaqueness of its assets, and I expect that the fhlb doors are now closed to more loans. I expect that there will be some kind of wedding coupled with some guarantee that whoever acquires CFC isnt gonna lose money on it. I guess Bank of America is the most likely candidate, the question is who wants to take on more mortgage debt on to their books. People around here are yapping about how new york city real estate prices are holding up but that isnt gonna last forever either. The recession is here . Only question is how bad is it gonna be. I believe the best place to be is gold or gold shares and second best is energy. I think PLG.to is a terrific speculation. I'm going to throw it out here once again. close to its high at $2.92 but there is a real resource in canada, an option on discovery in ghana. and its selling at about 25% discount to its share of detour gold corp. ( owner of the canadian resource). they had previously determined that the mine was economically feasable at $450 gold. . PLG.to continues to be my largest position, and will probably be for quite some time, as I expect gold will be going up steadily in 2008.