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

To: Bill Wexler who wrote (4899)	2/4/2009 7:05:52 AM
From: RockyBalboa	Respond to of 6370

SRS works like a gambling machine. Like Kevin posted earlier, those are retail vehicles and as an "investment" they likely don´t work. The gamble effect is that they can suck a lot of wind, then out of nothing they can show large gains in a short timeframe. But there is no trend (other than it has a serious "grind"). I was always happy to skim some dollars from SRS but stopped after some accidents. Even SKF did much better recently. I suspect SRS is simply chasing a too small tradeable volume of underlyings.

To: Bill Wexler who wrote (4899)	2/4/2009 6:39:28 PM
From: RockyBalboa	Respond to of 6370

What continues to wonder me how dumb and shortsighted BAC and Ken Lewis must have been when they so ridiculously overpaid MER. reuters.com This Merrill Lynch deal has become a fiasco for Ken Lewis," said Ralph Cole, portfolio manager at Ferguson Wellman Capital Management in Portland, Oregon. "His whole reason for grabbing Merrill Lynch was getting the brokers, and what he ended up with was gigantic writedowns from the part of the business he didn't even want." Lewis had coveted Merrill for its brokerage force, often known as the "thundering herd," and which he called the "crown jewel" of the roughly $19.4 billion takeover. Remember, Barclays and also Nomura paid nothing for the two-legged goodwill of Lehman Brothers at the same time. And JPM paid very little for Bear Stearns a half year earlier.