Abu Dhabi deal is a selling opportunity

D

detective

The sheiks think they are clever trying to catch falling safes (Citi) and do a horrible deal with a mandatory convertible. With C in such bad shape, an 11% coupon for 2 years with a forced conversion above current market prices is a raw deal. Just like CFC was smart to sucker in BAC, C was clever enough to sucker in the sheiks thinking their deal would be like the once done by Prince Alaweed in 1990, when in fact things are much much worse and the stock not nearly as cheap.

Investment banks have so much crap off balance sheet that you will not get a bottom until these stocks go back to levels of 2002 before the housing bubble. We are a long ways away.

Today was a great selling opportunity, all rallies should be sold. This is going to be one mean bear market and we are nowhere near a bottom.
 
interesting take, but the bottom in these stocks is in sight

Watchout, very soon these stocks will stop moving down on bad news, probally the worst news, and will V bottom for at least 3-6 months. June 2008.
 
Quote from detective:

The sheiks think they are clever trying to catch falling safes (Citi) and do a horrible deal with a mandatory convertible. With C in such bad shape, an 11% coupon for 2 years with a forced conversion above current market prices is a raw deal. Just like CFC was smart to sucker in BAC, C was clever enough to sucker in the sheiks thinking their deal would be like the once done by Prince Alaweed in 1990, when in fact things are much much worse and the stock not nearly as cheap.

Investment banks have so much crap off balance sheet that you will not get a bottom until these stocks go back to levels of 2002 before the housing bubble. We are a long ways away.

Today was a great selling opportunity, all rallies should be sold. This is going to be one mean bear market and we are nowhere near a bottom.
More...

How do you know C won’t be worth $30 in a fews year? Plus they get 11% interest. So how to you pick the bottom of a stock when you’re buying 7 billion dollar positions at a time oh wise one? Also C is at 2002 levels already look at your charts. You make seem like these people are dumb like the sheik from Cannon Ball Run.
 
Quote from detective:

The sheiks think they are clever trying to catch falling safes (Citi) and do a horrible deal with a mandatory convertible. With C in such bad shape, an 11% coupon for 2 years with a forced conversion above current market prices is a raw deal. Just like CFC was smart to sucker in BAC, C was clever enough to sucker in the sheiks thinking their deal would be like the once done by Prince Alaweed in 1990, when in fact things are much much worse and the stock not nearly as cheap.

Investment banks have so much crap off balance sheet that you will not get a bottom until these stocks go back to levels of 2002 before the housing bubble. We are a long ways away.

Today was a great selling opportunity, all rallies should be sold. This is going to be one mean bear market and we are nowhere near a bottom.
More...

Yes, like that dumb ass arab who runs the finances of SA or Dubai etc and who bought millions of shares of of AOL, Yahoo, Nortel etc at their highs.

John
 
Quote from jficquette:

Yes, like that dumb ass arab who runs the finances of SA or Dubai etc and who bought millions of shares of of AOL, Yahoo, Nortel etc at their highs.

John
More...

The bigger fool theory?
 
Quote from The Kin2:

I think Abu Dhabi got ripped off... They should have asked for 11% in Eurodollars.
More...

For the last time, it's either dollars, or Euro. Not Eurodollars.
 
You must log in or register to reply here.
Back
Top