I bought 2,000 [[DUG]] @ $46.23.
Disclaimer: If you buy DUG because of this post, your only son will grow up to be like Dennis Kneale. And, you may lose money.
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Joined Nov 10, 2007
23,417 Blog Posts
Oddly XOM is lagging on the downtrend, yet DUG is up big.
Waiting for XOM to blow.
C’mon…time for a suckers bounce.
Its kind of funny
Investors with experience with residential-mortgage assets have been buyers, paying in the “mid-teens to low 30” cents on the dollar for the senior-most, or super-senior, classes of CDOs comprised of low-rated asset-backed bonds, he [Brian Carosielli, Merrill managing director] said…
“I’ve traded one bond that’s worthless eight times this year,” [Richard] Rizzo [a director at Deutshce Bank] said. “So it’s like, `How many times can I trade the same bond that’s worthless for five cents?’ It is kind of funny.”
Good PR move Rizzo.
“Clean out your desk, son.”