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To: kaka who wrote (176056)1/10/2008 2:42:48 PM
From: John Koligman  Respond to of 176387
 
Well, lots of folks are going to get bailed out, at least the ones that bought in the last few days. If the deal goes through, depending on the price, the vast majority will end up underwater... Tech still acting weak and did you see the Capital One news on the credit card biz...

Regards,
John

PS - BAC had a stock deal with CFC at a much higher price, don't know if that had any impact on a possible deal.



To: kaka who wrote (176056)1/11/2008 11:09:27 AM
From: John Koligman  Read Replies (1) | Respond to of 176387
 
K, Bank of America took a bath on their initial 2B investment in CFC, probably one reason they bought the rest for a measly 4B for what was the largest mortgage initiator in the US, and even that sum is in stock... CFC trading down 17% today. Next week will be a BIG week as the majors, C, MER and others start spewing out their loan loss numbers...

Regards,
John

PS - RF Micro, a supplier to MOT and NOK warned, one of the things they said was 'reduced asia demand', so much for the rest of the world holding things up. More and more datapoints falling into place with the AMEX warning in regard to the short term direction of the economy... So much for buy and hold, a lot of these techs gave up a year or in many cases several years worth of gains in a couple of weeks. RFMD was $7.40 in October, so there goes half your money in a few short months! INTC, CSCO, and EMC the same story... I feel pretty good being a trader and avoiding this stuff these days...