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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (69192)	11/21/2008 3:39:35 PM
From: Keith Feral	Read Replies (2) \| Respond to of 118717

GL, I missed the boat at $3.05. I would get very aggressive back at those levels next week. $17 billion is an absurd valuation for the company. My initial though was to buy the stock and sell some covered calls. However, I can't figure out any way they will get bought for a premium yet. Here is a long shot - USB. They have a $38 billion market cap. However, it may not matter if GS offers .20 shares for C if they can make enough writedowns to make the merger accretive.

To: Sam who wrote (69192)	11/21/2008 4:35:11 PM
From: R2O	Read Replies (1) \| Respond to of 118717

Would they simply wipe out equity holders completely? Ask an 'investor' who bought Wamu the day before FDIC seized it. That would be me. The answer is Yes. I looked at all the data I could find and they just hired a new head man who obviously got a good look at all the internals and decided all was OK. Yes, I knew they were being scrutinized by OCC regulator, but I thought that wasn't a real negative. Rational, if risky choice for me --- but risky wrt business going forward --- normal business risk. But I didn't know about the secret deals being made between a government body and a private company. Who would have guessed that the FDIC would have looked at this as a profit making venture. Thought it was their job to STOP depositors from making runs on the bank. Having failed at that they simply stole a functioning enterprise, making $1.9B profit for themselves. Did the depositor run continue? If it didn't, why not? Now just how are those toxic assets doing in their new home? Castro would be proud. Now I may be stepping into a similar pile of s... with C. Some folks (that would be me again) just never learn.