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Greenlight Capital Re, Ltd. Message Board

  • hjctardblog716 hjctardblog716 May 2, 2013 1:17 PM Flag

    Einhorn stubborness on gold (and AAPL) turned this into a little disaster. But at this price,

    what the heck, time to buy some and wait for the tide to turn.

    I notice all those Einhorn fans who, a couple of yrs ago, were telling me this was worth 1.2x or 1.3x BV are all gone.

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    • OK, I sold mine.
      Got in @ avg price below $24 & out @ avg $30. looks like 25% gain in 5 months.
      Not bad.

      Anyone who doesn't sell here will get slaughtered sooner or later.

      As soon as Mr Market stops rising every month, GLRE will sink like a rock back to $26 or below.

    • there are actually 2 other ideas Einhorn has been VERY stubborn about.

      One of those turned his way late 2012.

      the other continues to bury him. It is probably that 2nd bad idea that has GLRE falling 0.9% today while the market is up 1%. It may be that 2nd bad idea that made April such a disaster for GL. I won't name it to spare Einhorn from having all his bad ideas shoved in his face on the net.

19.99+0.19(+0.96%)2:29 PMEDT