Is Kirk Kerkorian Crazy?

Quote from misterno:

Is this guy out of his mind? He keeps buying GM stock and it falls every day every week. He probably lost billions and billions of dollars and he still keeps buying it.

Why is he doing that? Maybe some kind of tax advantage?
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When the government bails out GM, stock will rise. True, he is adding to a losing trade at the moment, but like Berkshire-Hathaway's guru, the government talks to the wealthy about their policy regarding big business that plays nice with politics. It's like waiting for a check in the mail to cover checks you're writing today, tomorrow and the following day. The bailout check will cover all of them. Same thing with CEO bonuses in failing banks.
 
Quote from misterno:

Is this guy out of his mind? He keeps buying GM stock and it falls every day every week. He probably lost billions and billions of dollars and he still keeps buying it.

Why is he doing that? Maybe some kind of tax advantage?
More...

isn't he the guy that put people to sleep?
 
Quote from stock_trad3r:

isn't he the guy that put people to sleep?
More...

lmfao.

would be just as funny if tongue in cheek. but it's trad3r, so i know it's just his little hamster not running fast enough on the wheel.
 
Knowing that huge mergers and layoffs are in store for the US car manufacturers - it truly looks insane to bet on them now - but a stubborn mindset does not change easily... it mostly crashes and burns.
 
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