mkreisel

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Citigroup's Derivatives Reduce Bailout to a Non-Event

So far the only idiot in town who failed to hedge its derivatives properly is AIG. Big banks such as BAC, C, JPM, WFC all seem to have equal derivative assets as liabilities.

Berkshire Hathaway also has about $10 billion worth of credit default swaps as pure liabilities, but Buffett has almost $30 billion in cash, and he got $4 billion premium for selling $10 billion of insurance in the first place.
Jan 04 22:39 pm |Rating: +2 -4 |Link to Comment |View article
JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

"It takes a thief to catch thieves"

AIG seems to be the only idiot in town that has sold a bunch of CDS without any hedging whatsoever.

Berkshire Hathaway also sold a few CDS, but they number only about $8 billion in notional value and Buffett got paid roughly $4 billion upfront.
Dec 15 01:01 am |Rating: 0 0 |Link to Comment |View article
Bank Insiders Made Out Like Bandits

And how about those morons at WB who bought tons of their own stocks in Nov 2007?

Of course, AEO boss Schottenstein bought a bunch in Sep 2007. Look how deep under water he already is.

The guy at CWTR has better timing, sold a lot at 30 and bought back a lot at 5. The stock is at 6 right now.

GOOG insiders have been selling like there is no tomorrow ever since Jan 2005. Should you ignore the stock or even go short it back then?

Aug 24 12:59 pm |Rating: 0 0 |Link to Comment |View article
Bank Insiders Made Out Like Bandits

Why not do the same analysis for AAPL, AMZN, BRCM, CSCO, EBAY, FSLR, GOOG, INTC, MSFT, QCOM, XOM, and YHOO?

Let me tell you something: insiders at WFC aren't selling much at all, at least a lot less than those insiders at railroad companies, which were heavily pumped by Barron's a couple of weeks ago.
Aug 24 12:49 pm |Rating: 0 0 |Link to Comment |View article
Time To Start Buying Some Dogs?

Buy what retails are bashing and sell what they are chasing.

They are always wrong, given 3-6 months time.

Jun 29 00:07 am |Rating: 0 0 |Link to Comment |View article
Credit Cards: The Next Subprime?

I exclusively use credit cards for my purchases, and I always pay my balances in full.

Credit cards offer a convenient way to organize my bills, track my spendings, and a great protection from fraudulent merchants.

If you shop online, credit cards is pretty much the ONLY way to buy anything. If you travel to foreign countries, Visa and Mastercard offer way BETTER exchange rates than those rip-off banks.

It's actually far safer to make purchases with credit cards than with cash. They have become very good at detecting anomalies. Once I bought something in China, and I got a call from them a day later. Now if you give cash to the wrong person, it's gone forever.

Jun 04 19:06 pm |Rating: 0 0 |Link to Comment |View article
Dividend Aristocrats: Top Dividend Growers

USB has no subprime exposure. I think Buffett bought $2 billion of it in 2007.

PFE has a lousy pipeline, but it also has $22 billion in cash and there are tons of depressed biotech stocks out there.
Mar 29 14:53 pm |Rating: 0 0 |Link to Comment |View article
These Stocks Are Attractive Amidst This Selloff

Posco is a Korean integrated steel maker. If you get this simple basic fact wrong, that basically tells people what kind of "investment capitalist" you are.
Jan 23 18:40 pm |Rating: 0 0 |Link to Comment |View article

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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

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Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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