I am wondering if the bear can perform exorcisms. I think my body and mind have been possessed by the devil. He has changed my thinking and actions in a way that I could never have imagined. He has changed me into, of all things, a TRADER.
It is with mixed emotions that I feel duty bound to report that I have sold my ITIC for $38.00 per share and my ORI at about $9.22. I will next have to decide whether I will buy them again at lower prices, if they go down.
My feelings of guilt and shame for having sold ITIC are extreme, however, I could not help myself. The prospect of a nearly 20% gain in about two weeks in this market was simply too powerful for me to resist. The worst part is the coming ceremony when you and astral drum me out of the illustrious fraternity of devoted long-term holders of ITIC. Ah, the agony that I must tolerate. Is there a limit to how many times I can join and then secede from the fraternity? In the future, I will be happy to buy the punch and cake for the festivities if I am permitted to rejoin.
The bear has decided to enter a sell order on archipelago for 12,345 shares of ITIC that you may buy to rejoin the fraternity. Whether it is a form of hazing is for you to decide after seeing the limit: $277.23.
I would like to know if there is any limit to the number of initiations into the respectable fraternity of ITIC owners that I can participate in?
I will keep my eye on ITIC. Certainly its profits will not immediately return to what they used to be, in this current environment. However, its balance sheet and reputation appear to be very storng.
Ah, dancing in the dark. I just hope I don't hear any screams as the bear does his Fine dining. What wine is appropriate when eating human flesh.
I sold my ANAT this morning at $66+. Also sold most of my oils and Toyota. I don't know what to make of what is going on in Washington. It looks like Wall Street has made an acquisition of Washington and they are throwing $trillions around like it was leaves in the wind.
The bear and the Fines are prepared. The trillions of dollars will create a great demand for Golden Ocean dry-cargo ships. (After all, it will take huge holds to transport the trillions of dollars to the worthy recipients.) ITIC will write title policies on the trillions of dollars. The policy premiums can be scooped directly by bearpaw from the hold as the money is in transit, so premium collection risk is low.
I have placed an order to buy ITIC at $31. Please ask the bear to have the decency to refrain from placing a bid higher than mine. The truth is, I am very anxious to rejoin the small band of anointed shareholders of ITIC. It is a very exclusive and esteemed fraternity. I hope the potential sellers choose wisely and hit my bid.
The bear owns an adequate percentage of ITIC and has orders to buy at $30, $29, $28, and $27. He hopes that you are able to walk up the gangplank at $31 to rejoin our illustrious fraternity!
I got a partial execution today on ITIC. So I am now eligible to join the fraternity. Please hold off on the the party until I get a complete execution. I will sleep better tonight knowing that the Fines are working for me.
LFG sold their title businesses to FNF and then filed for bankruptcy. I hope the Fines don't look to LFG for inspiration.
Finally, thank the bear for allowing me to buy some shares so that I could join the fraternity.
Fear not the example of LFG. The advantage of writing title policies on cargo holds stuffed with trillions of dollars is that you get the float on the money while it's in transit. The bear drives the ship very slowly as helicopters shuttle the money between the cargo hold and various banks to earn overnight interest. In fact, the bear drives the ship along intentionally circuitous routes so as to maximize the short-term return on the cash. One of his favorite tricks is to pick up a cargo hold of TARP cash in Washington, D. C. and then to take it to a needy bank on the Mediterrean--but via the Cape of Good Hope, the coast of Somalia, and the Suez Canal! (The bear has Las Vegas cabbie experience and knows how to find long routes.)
I like your mixture of insurance with ships. It conjures up the insurance concept of "float" along with the maritime necessity of "float". Kind of a float the float. You could develop that idea into a Ponzi scheme.
I have $100,000 of face value 6 month t-bills in my IRA that mature on 12-30-08. When I checked my account yesterday, the current value was $99,998. That means I will earn $2 for holding them for one month. My rough calculations indicated that my annualized return for that period will be about .024%. I hope the bear gets a better return on
I just read a story that ORI was one of the largest investors in LFG. I did not know that and I do not know the amount. This could be the source of another loss for ORI.