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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: octavian who wrote (40903)11/28/2008 9:50:11 AM
From: Kirk ©  Read Replies (2) | Respond to of 42834
 
There you go again... assuming lies are facts then repeating or trying to confirm them.

That sort of nonsense makes you one of the worst (dishonest) people I've ever dealt with.

BTW, Forbes reported Buffett sold ALL his shares in FRE in 2000 "because their risk profile changed." He, like many of us, under estimated the levels the problems reached in major banks or he probably would have sold his large stake in Wells Fargo too. I don't think he took profits in Wells Fargo like I did in Citi which may partly explain why I'm ahead of Buffett over the last decade.

I did not make "repeated buys of CITI" as it fell... I have traded it in a range... but at a low price, sell the rally, buy it back... I use trade in these ranges until the range fails. When the range failed for Citi at $30, I didn't buy any shares until it was $5. I'm actually very, very proud of my Citi results. Unlike Brinker, I sold TWICE after the two major rallies with a buy near the lows of the 2000-2002 bear market while Brinker only sold once in 20000 then rode his buys in 2003 up and down to lower levels where he had no portfolio cash to buy while I had portfolio cash to buy Citi around $5.... With Citi at $7.78... If I still have these shares (I'm not disclosing my trades and targets here) then we're looking at substantial gains on the newly purchased shares.

You and shres/groaner and whatever new alias he has are not to be trusted at all.