Time to buy FAZ?

by **KCFrog** » Thu 23 Apr 2009, 20:09:58

Banks can't continue to report fake earnings forever, can they?

by **mark** » Thu 23 Apr 2009, 22:23:05

by **alokin** » Fri 24 Apr 2009, 05:38:28

what is FAZ? You mean the newspaper?

by **KCFrog** » Fri 24 Apr 2009, 10:45:41

http://finance.yahoo.com/q?s=FAZ

by **drew** » Fri 24 Apr 2009, 17:27:32

Buy it if you're brave! Very brave. 3X would hurt like a punch in the face if you were wrong. On the other hand.....

Drew

by **KCFrog** » Sat 25 Apr 2009, 15:42:31

drew wrote:Buy it if you're brave! Very brave. 3X would hurt like a punch in the face if you were wrong. On the other hand.....

True. The reason it looks good at the moment is it's the lowest it has ever been and has gone from $90 to $8.50 in the last 6 weeks. I don't really have that much faith in the financials...

by **drew** » Sat 25 Apr 2009, 20:33:27

Hmmmmm, that changes my thinking completely. There'd be some nice upside if (when) stuff tanks again. However, the devil is in the details.

'When' is the important question. Notice how eerily quiet SPG has been? That silence is likely the result of her quietly licking her wounds, as she was very short a few months back.

SPG where are you......??

I don't know what to say, I'm half cash right now so it's not like I'm being brave.

90 to 8.50 is maybe a compelling reason to short.

Drew

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