I remember reading that soros bought SU the oil sands ginat like 3-4 years back. I bought right after him in the 30's. It went into the 40's and he sold. I sold with him. The damn thing doubled and then some from there. I love the guy. he is a genius, but if you follow all his picks, he has had some big losers too. I'd like to know if he bought this stock on connections with the govt.(which can always betray him) or....on smart fundamentals which mean nothing if the govt gets greedy. I am going to pick some of this up shortly but i wish it was in the god old corrupt USA. -) Already soros has lost 20% of his investment. But at this price its worth a nibble.
yeah, i agree Soros has had some blunders along with Jim Rogers but those guys are brilliant. the guy i follow is Marc Faber. he waits an extra month for something to happen then calls it a trend. he said short steel, oil companies and iron ore about 2 months ago said they would fall through end of year. i expect PBR to have lower PPS January 1st, 2009 than now.