stock trading rules:
- Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
- Considers himself as a premier market opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or
Stop Coddling the Super-Rich' which calls on Congress to increase income taxes on the Super-Rich like himself. You can tell that Buffett is frustrated, annoyed and perhaps genuinely angry about the governments inability to solve problems - instead they create them.
Hobbes and Cramer over Bear Stearns, let's look back at the CNBC video of Cramer's call on Bear Stearns on Mad Money. It's really not clear whether he's saying it's OK to actually own the stock or just have money in the company. In the end he was actually right, as Bear Stearns was taken over after it fell apart. It was sold to JP Morgan Chase a paltry $10 per share. It's a call that Cramer will probably never live down. And now, his co-worker, Simon Hobbes,
he told people to buy Bear Stearns back in 2008, right before it collapsed. Perhaps the only company that's enjoying all of this market turmoil is CNBC, or it's new parent company, Comcast. Oh yeah, Dr. Doom, Nouriel Roubini is pretty happy I'm sure too. You have to say it's pretty gutsy of Hobbes to call Cramer out like that about Bear Stearns.
How many more damn tellers do I have to meet? What the hell!! I'm tried of this sh#$. If I didn't have these sunglasses on you'd see how pissed I am. I've given my positive message like you told me. I need to get back to NYC, there's a potential disaster brewing in the stock market, if you haven't heard. Yeah, I said it doesn't matter that much and I'm not worried, but hell, the market has been down over a
Bernanke went on a drinking binge. No, this is Governor of Texas Rick Perry saying Bernanke's printing of more money is an action that is almost treasonous. And this guy wants to be President of the United States. Wow. I really don't think Ben Bernanke would appreciate that, especially when he helped save the United States' economy from failing into potential Great Depression by printing money - the bailout of over $700 billion that wasn't passed initially and then the stock market tanked so they finally
Needham & Co.’s Charlie Wolf recently upgrade Apples stock (AAPL) to $540 a share, not so surprising, as the mean target for analysts is $500 per share and the high is $666. But what was interesting is how he broke down the stock based on products and cash value. This is not perfect but here's the rough breakdown for the stock. iPad = $65.62 iTunes and App Store = $27.52 iPod = $3.50 Mac = $63.92 iPhone = $265.86 Cash = $86 This puts you at a total of around $510 per share. Not sure what's missing to reach the Charlie Wolf's
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