SI
SI
discoversearch

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


To: cubsfan who wrote (5024)3/2/2009 12:00:07 PM
From: RockyBalboa  Respond to of 6370
 
It is shocking how bad things got.. the dow lost 2200 points from Jan 2nd; thats a loss of 50 points every day it is trading. Stocks fared worse; for example, X got cut in half in february.

Today´s pound crash is foretelling dark things to come. The pound even lost against the EUR, which should be supposedly weak after the EU declined help for Eatern Europe.



To: cubsfan who wrote (5024)3/2/2009 12:33:43 PM
From: RockyBalboa  Read Replies (2) | Respond to of 6370
 
Looking at some berkshire arbitrage. As far as I understand, is the B 1/30 of A. today, B fell farther and is out of line with As price. So, shorting one A share and buying 30 B shares should be a nearly sure gain? Any comments?

The A is off 4300; divided by 30 this is 143.3, but B is off 179



To: cubsfan who wrote (5024)3/2/2009 1:59:26 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370