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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (187623)3/2/2009 12:20:57 PM
From: damainmanRespond to of 306849
 
As they say, no guts no glory : ) I may be speaking too soon but BAC common trading kinda dry in the 3.30's.



To: Travis_Bickle who wrote (187623)3/2/2009 12:23:05 PM
From: George8Read Replies (1) | Respond to of 306849
 
I'd try it at $6.75 if it (GE) gets there tomorrow for a quick trade.



To: Travis_Bickle who wrote (187623)3/2/2009 12:30:33 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
At this point, if they fired Immelt it would be up 3 bucks instantly....<NG>

Most of that BOD has to go, too. I can't believe how incompetent they've been, it's mind-blowing.....



To: Travis_Bickle who wrote (187623)3/2/2009 2:59:17 PM
From: PerspectiveRead Replies (2) | Respond to of 306849
 
What is it with dipping GE? <g?>

They are so heavily leveraged, it's a coin toss whether they're worth $10 or -$10. That's the problem here. So many of our corporations have such leverage on their balance sheets, carrying so many impossible-to-value assets, one can't possibly hope to get a read on their tangible value.

Maybe that's why the restaurants keep going up - at least you can understand their balance sheet...

`BC


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