drmalaka

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  • Ambac Does It Again
    How does a company trading at $4 lose almost $12 a share? How funny is that? And then guys like appro think it is Reggie sending these stocks down because he is nagative. Hard to believe some guy who writes occassional articles had anything to do with a $12 a share loss.

    I was laughing with some friends the other day that I bought some MBI puts becuase the sector had been quite for several weeks so when the chatter started again it would be more bad news.

    Remember the first ABK bailout rumor in Feb where the stock ran from $9 to $12 in the last half hour of trading? Wonder how those permabulls like apppro did if they bought on that great news?
    Apr 24 12:32 pm |Rating: 0 0 |Link to Comment |View article
  • MBIA: Fallout From Loss of Fitch AAA Rating
    This market is just buying the banks time, trying to get them out of the insolvency they are now in. If they can lie about the assets on their books for long enough then their normal business activities will continue bringing in revenues and shore up their balance sheets over time.

    Every quarter we will see the banks writing off this garbage against their profits instead of writing off the garbage now and taking a hit to their capital base.

    These ratings are just another part of the scam being perpetrated on us by the government and bankers. Ignore the ratings agency that downgrades us as long as we have two more ratings agencies that we have bribed giving us good news.

    For how long will people keep believing companies that are confirmed liars and have done their job so poorly?

    Wooden, that comment is absurd. So if out of three companies that cover you one says you are in trouble the way to make your company better is not to fix your problems but rather fire the company that is not suscribing to the party line.
    Apr 08 12:33 pm |Rating: 0 0 |Link to Comment |View article
  • The Coming Crash of 2008: A Result of Overleveraging
    Judging from these comments I could not be happier being short. How come everyone is looking for a bottom six months after the top? The top was completely artificial, based on historically high PE ratios and net profit margins.

    Stop looking for a bottom in these financials, these are criminal enterprises that stole billions of dollars from their shareholders and to think about investing in them is rediculous. The Fed told us yesterday that they will save the markets but they will not save equity investors in these crappy companies.

    This is the same idiotic attitude everyone took with ABK, every other Friday there was a new rumor, first one sent the comapany to 12.5 the next one sent it up to 11.5 and now it below 6.

    This economy is a mess. We Americans are a joke. We have spent so far above our means that we have no way to go but down. How many idiots took equity out of their house to buy a new Hummer with 22" wheels? Everyone in this country thinks they are entitled to live this incredible standard of living, flat screen tvs in every room, new lap tops, new cars every three years. Then we look to the government to bail us out. Where the hell do we think the money is coming from? Cool, we tried to help this recession with a stupid 150b stimilus package that we billed to our kids.

    For all you bulls who have found a bottom, what makes you think consumers are going to be spending a lot in the comming months? With what money? With the money they have to spend on high priced gas and food because our Fed keeps inflating our every day expenses to save these criminal bankers who should probably be lined up against a wall and executed?

    I have been praying for years to see $5 gas, I just can't believe it happened so quickly. There is nothing more satisfying to me than seeing the look on the faces of people spending $100 to fill up their SUV that they drive around in alone.

    And for the economic illiterate that said if Obama gets elected then we will be in better shape. Please drop me a line, if he gets elected I would like to sell you all my stock. Yeah, a socialist is going to help markets. Taxing corporations and capital is the way to spur an economy on. Hmmm, who can do better with capital, smart people who made the money, or lazy, stupid, economically illiterate leaches that suck off of society?
    Mar 18 13:28 pm |Rating: 0 0 |Link to Comment |View article
  • Memo to MBIA: Now Is Not A Good Time To Fire Fitch
    Tom, don't you feel a little worried defending MBIA or Ambac? Lots of people have done that for the past year and they all have egg on their faces.

    How can you believe anything these confirmed liars say?

    So we will insure bonds with three rating agency AAA ratings but if any of those agencies lower our rating we will fire them and keep the good ones. By good I mean those that lie for us and keep us afloat another day.
    Mar 10 01:58 am |Rating: 0 0 |Link to Comment |View article

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