famous last words. They may not BK but if the financials unravel again this puppy is gonna get trashed.
MF did have a nice spike at the end of Thursday's session, yet I am surprised by the big volume in premarket this morning. Any new news on MF?
From the Yahoo messageboard (of all places): 08:56 MF MF Global tgt cut to $11 from $17 at Deutsche Bank; says uncertainty about MF prospects has increased - Bloomberg
Given your logic, no one would have any funds at Goldman, Morgan, UBS, Deutsche Bank, etc. (And what firm do you have YOUR funds with? ) As a previous poster stated, the equity value of the stock has nothing to do with customers getting back their "segregated" funds. I had $50,000 at Refco and it was wired-out to me after the fact. Not an issue at all.
Exactly. He has nothing to suggest that Man is suffering from accounting fraud. He also shows no understanding whatsoever about "segregated" funds, or the fact that regulated "segregated" accounts at REFCO were made whole. ( I should know, I was a customer there ) . But hey, let's throw the name REFCO out there to scare everyone.
Just curious. What do YOU feel the market-rate should be for convertible financing for a company with a Moody's "Baa1" rating on long-term paper?
The stock has nothing to do with seg funds.. I understand that.. Believe me, I do.. I've got my money all over the place... Given my logic, people SHOULD be concerned where they keep their money...aren't you? Buying puts on Lehman because it showed similar activity to what Bear did prior to it's collapse is NO DIFFERENT than what I am suggesting here.. Collapsing Man stock may be nothing..just a short term sell-off...Or you can take off the rose-coloured glasses and try to extrapolate... Extrapolating can lead to losses...or it can lead to 'I told you so'...that's the game we play...