I'll just bet you he wasn't loading up on Enron stock when they started falling apart - Buffet buys whole companies and gets special deals like with the banks in 09. He does not run after stuff he doesn't have an edge on
This isn't pure panic selling. There is definite uncertainty. There are disciplined investors with big money who will ditch a position when things are this uncertain. I'm keeping my eye on it, but there is absolutely no evidence of a bottom being in place yet.
Hello refreshingsoda, I just bought in at 22.75, I saw the PUT options yesterday and they were extremely high and knew LINE would have another bad day. I saw the PUTS today and 90 percent sold, that's what convince me to buy in, shorts are leaving. good luck
Agreed...I was buying today. This is down $11 in two days on an informal inquiry. One third of the value gone in 2 days. This had better be Enron-like or this will come back soon. Cramer gave the OK for his hedge fund pals to pound this today. If any good news comes this will snap back $5-$6 real quick.
Well I am not Warren Buffet and can admit I lose money here and there. Look at the options, puts and way down compare to last night, basically 90 percent sold there puts, the bull run starts Monday, have a great 4th of July