Bill Miller on Suicide Watch

Discussion in 'Trading' started by capmac, Aug 20, 2008.

  1. piezoe

    piezoe

    Just to put things in perspective,
    the rules are very different for a buy and hold investor than for a short term trader. ET is about trading, Bill Miller is about buy and hold value investing. I am not defending his decision to go into mortgages prematurely when at least three years ago the hand writing was on the wall, but Look at the S&P then look at the overall performance of his fund and I think you will see that there is no reason for him to be on suicide watch.

    A value investor might do well to consider Frannie and Freddie now. I'm not personally, but the market has always had a penchant for over reaction.
     
    #41     Aug 20, 2008
  2. Daal

    Daal

    It might very well be just the opposite on low priced stocks. its human nature to try to make a lot of money with a little bit so people tend to bid up penny stocks higher than their true value.(indymac is still trading at around 0.09c and the FDIC has taken over, so there is no control benefit to buy shares there)

    And for those who dont know why he was so heavy in financials I suspect it was because he thought it was 'cheap by historical standards', he's keen on the dip buying ignore fundamentals strategy that worked so well during this stock bullmarket
     
    #42     Aug 20, 2008
  3. BullsEye

    BullsEye

    Besides, it's probably just his testosterone levels going haywire: http://findarticles.com/p/articles/mi_qn4188/is_20080415/ai_n25167854

    :)

    BullsEye
     
    #43     Aug 21, 2008
  4. beep1

    beep1

    Cramer (and Bill?) are chosen people, and they can not fall because of the safety net.

    Wake up Landis82, or you will continue to be an idiot gentile (as they call them).
     
    #44     Aug 21, 2008
  5. Nice.

    http://www.badhaiku.com/index.php?startNum=41463
     
    #45     Aug 21, 2008
  6. capmac

    capmac

    Legg Mason shares slide after ratings downgrade

    Thursday September 4, 11:15 am ET

    Legg Mason shares slide after analyst lowers rating to 'Underperform' on risks

    NEW YORK (AP) -- Shares of Legg Mason Inc. slid Thursday after a Credit Suisse analyst downgraded the investment management firm to "Underperform" from "Neutral."

    Analyst Craig Siegenthaler said a number of risks outweighed the stock's attractive valuation and other strengths.

    Shares fell $4.48, or 9.5 percent, to $42.89 in morning trading. Shares have traded between $27.57 and $88.21 over the past 52 weeks.

    The analyst said the potential increase in the number of investment management institutions for sale has lowered the private market value for Legg Mason. Legg Mason may also have to take further write downs over the next year, and deterioration in the company's compensation margin could hurt earning powers in 2010 or 2011, Siegenthaler wrote in a note to investors.

    Last month, the investment manager reported a loss for its fiscal first quarter, stemming from charges of $155.4 million, or $1.09 per share, the company took to support three money market funds managed by a subsidiary.

    In May, the company announced plans to raise $1 billion by selling a special kind of stock to help support the struggling company-run funds.
     
    #46     Sep 4, 2008
  7. Leave it to a fool such as yourself as to think that there is a "safety-net" for Bill Miller.

    Welcome to ET, moron.
     
    #47     Sep 4, 2008
  8. capmac

    capmac

    Report: Gov't may soon back Fannie, Freddie

    Friday September 5, 5:36 pm ET

    WSJ says gov't may soon back troubled mortgage finance giants Fannie Mae, Freddie Mac

    WASHINGTON (AP) -- The government may soon step in to provide a financial boost to mortgage finance companies Fannie Mae and Freddie Mac, the Wall Street Journal reported late Friday.

    The paper said an announcement "could come as soon as this weekend" but said exact details of the plan couldn't be learned. It said the plan would include executive changes at both companies.

    http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html?.v=1
     
    #48     Sep 5, 2008
  9. capmac

    capmac

    Talk about hitting the lotto, 80+ million shares GONE....
     
    #49     Sep 8, 2008