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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (3508)	5/5/2008 10:04:53 AM
From: RockyBalboa	Respond to of 6370

While I agree that the hiccup size was "minor" it was more a credibility issue. Derivatives WMDs found on his books, how come? It is difficult to gauge how much this affects the stock. Probably by not much that´s right, fair enough. What does put pressure on the stock is however the warning not to expect too much from the company, combined with lower earnings at the insurance subs notably Geico. I was actually surprised that it opened nearly unchanged so I sold a small amount of shares. I got a very good price for those shares.