Greece's voting referendum will cause a Greek hard default. The Greek people will definitely vote against the bailout.
You better hedge on the downside, because we're going at least 1,000+ points lower this week. (including yesterday).
The DAX is down -350 points on the Greek bailout collapsing.
"IBM will be trading under $150 by February 2012 and USG will be trading under $5. As usual it will take some time before I'm proved right and Buffett wrong.
I'll make all my money back, on the way down."
You again went to all cash right before the market sold off yesterday -- AGAIN!!! You're the perfect contra indicator. The more you're wrong the more you claim to be right -- you're always going to make your losses back "tomorrow" LOL.
Oh, and -- "I'll make my money back, on the way down." You are already down.
And your winning in this market, RIGHT ?
IBM will be trading under $150 by February 2012 and USG will be trading under $5. As usual it will take some time before I'm proved right and Buffett wrong.
You underestimate the severity of the coming collapse of Europe and how soon it's going to happen.
I'll make all my money back, on the way down.
quick, the famous day trader, sayz:
"dumped my puts 2 days before Buffett jumped in and got nicely singed"
LoL -- you were posting that IBM was headed to $150 all along -- you're still posting it.
Who would believe you? I think the CNBC stimulation would be the best for you. You defy the laws of probability as you take a dump 80% of the time. You should leave your brain to the SEC -- for the abby normal section.
I dumped my puts 2 days before Buffett jumped in and got nicely singed. I then jumped into OXY because I expect the Euro to weaken over the next few days. This should strengthen the dollar and send oil prices lower. We'll see if I'm right.
IBM will drop below 150 on the next earnings. (if not sooner) Europe is a slow motion train wreck and IBM is getting whipped sawed in these wild currency exchange rate swings. Consequently Buffett will get burned. If he didn't already sell the day he made it public on CNBC.
Buffett's going to get burned on IBM,..."
Time will tell quick. He bought 64,000,000 shares for $10,700,000,000 so that comes out to about $167.20. So he's up about 13% so far which works out to be up about $1,400,000,000.
Now that's not on the Buffett Bounce after the news -- he was already up about $1,268,000,000 on the market rise.
But some of that lift came from his taking about 5% of IBM shares out of the market.He may have bought just about as much as IBM has bought back in the last year. He did his buying knowing that IBM was buying.
So let's just agree he's up a nice $1 billion on IBM's EPS and Cash Flow advances this year. How much are you down on your IBM position mr quick?
How are those IBM PUTS working out for you, Smartass?
Sadly, the stock price three years ago dropped to 9 and change on November 12 of 2008. For the last three years, the stock has moved more or less sideways with a few ups and down.
Your genius is vastly over stated.
Not only is it a guessing game; you were wrong. The stock did not decline. It went up, then down, but for the last three year period, it's about exactly where it was.
"Yes, since 1979."
I've read your posts since you came on the IBM board and dissed the stock. I can't comment on your trades before July, 2011 but since then if you have traded like your posts have said you have, you have lost your shirt. Furthermore, your posts seem uninformed, are intentionally rude and boring. I realize you have been under a lot of stress given all the apparent debits to your capital accounts, so there is no need for me to continue to rub it in on your home board.
That is unless you get obnoxious again. I'll end by saying the new, humbled you is much easier to take.