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

To: cubsfan who wrote (4996)2/27/2009 9:49:32 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Some really simple thoughts about the change in capital structure (the conversion) and it is crystal clear that the first decent profiteers of the bailout are the owners of citi preferreds.

Oh my. I slept on the wheel. Same thought, 24 hours earlier....



To: cubsfan who wrote (4996)2/27/2009 9:56:10 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Don´t forget to take "profits" (as long as they are there).

In earnest, back when AIG was bailed out I also bought from a very low base and watched it rising. Only problem. I forgot to take profits. So I sold at a loss.

All told this is nothing but a big casino with thousands of slot machines and as long as there is credit on a machine you need to push the cashout button, and try another one.

As Ace said: "Keep them playing; in the end we get it all...."


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