Replies to post #79 on Frenchee's Portfolio

[RonnieD]

i'm holding FAZ also.
Thursday FASB meets. kind of scary being long FAZ here with m2m changes. they will do anything to keep the banks up.
Here they admit to working on new fuzzy math accounting to inflate bank profits as their agenda.

Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes

http://www.bloomberg.com/apps/news?pid=email_en&refer=india&sid=awSxPMGzDW38

[jjkirk]

Hi Frenchee,

Back in FAZ, also. I'm looking to about 33 at the top of the 23 March gap which would be a 50% regression to the 17 March interim top of 45.02. Whatcha' think?

tia

jj

[frenchee]

Sold FAZ near the open.

Current holding is cash.