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Re: Bird of Prey post# 132

Wednesday, 08/25/2004 9:06:18 AM

Wednesday, August 25, 2004 9:06:18 AM

Post# of 173
I'm not familiar with NFI. As for TASR though you might suspect foul play I already cited the Bank of America/Duke Energy peeing contest last year as the same example.

BAC released a PR at 8 am saying DUK would have to slash their dividend. DUK was doing a dog and pony that afternoon at a rival bank. DUK opened $1 lower than the previous day close and traded down until their CC that afternoon. The CEO said that afternoon that the dividend would not be cut. Back up DUK went and closed up 1.50 from the low for the day. BAC had bet wrong. And yes they are right across the street from each other in Charlotte, NC. LMAO.

It's obvious BAC was calling DUK's bluff and they lost the bet. I did buy DUK earlier that day around it's low for the day. So the little investor can sometimes beat the big boys at their own game.

Considering TASR is one of the most overhyped stocks on message boards about dreams coming true for those who bought low and held......

It has a PE of 67 and a market cap of $770MM with shareholder equity of $60MM. Looks like a good short bet if you can trash it. lol.

Why do you think the stock market is the world's largest casino?




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