Is Kirk Kerkorian Crazy?

Discussion in 'Stocks' started by misterno, Jun 30, 2008.

  1. Is this guy out of his mind? He keeps buying GM stock and it falls every day every week. He probably lost billions and billions of dollars and he still keeps buying it.

    Why is he doing that? Maybe some kind of tax advantage?
  2. Mr Pain

    Mr Pain

    I think its called target fixation. Target fixation is a process by which the brain is focused so intently on an observed object that awareness of other obstacles or hazards can diminish.

    Even if Oil goes to $60 a barrel, I think the public has made a shift that will take years of low prices to shift back. GM is toast unfortunatly.
  3. nkhoi

    nkhoi Moderator

    Buffet bought a big stake in an airline once.
  4. I called Kirk senile a few weeks ago when he pissed away mega millions paying 8.50 a share for F.

  5. FCCT


    Massive tilt.
  6. Crazy?

    Yeah. Crazy like a fox, but one that is completely insane and has rabies.

    Crazy like that.
  7. ok I see so he is crazy
  8. Cutten


    It's called getting married to your position. Call Joe Louis and ask him about it.
  9. I was right, yet again.

    Will the streak never end?????
  10. he just dumped his ford shares
    #10     Oct 21, 2008