Just like the title says. Switzerland’s largest bank lost $12 billion in one quarter and is writing down just over one third of their entire $55 billion marketcap. Long-term investors, read it and weep. The loss was actually anticipated by … Continue reading
Tag Archives: idiots
Breaking News: UBS Announces $12 Billion Loss, $19 Billion Writedown & Chairman Ospel To Step Down
April 1, 2008 at 12:47 am
by timothysykes
Breaking News: UBS Announces $12 Billion Loss, $19 Billion Writedown & Chairman Ospel To Step Down
April 1, 2008 at 12:47 am
by Timothy Sykes
Just like the title says. Switzerland’s largest bank lost $12 billion in one quarter and is writing down just over one third of their entire $55 billion marketcap. Long-term investors, read it and weep. The loss was actually anticipated by … Continue reading
Sykes’ Saturday Seven: March 29th, 2008 Edition
March 29, 2008 at 11:51 am
by timothysykes
Gotta start this linkfest off with one of the best quotes I received all week: “I’m 150 pages into An American Hedge Fund already. Best trading book I’ve read since Reminiscences of a Stock Operator, something Tim’s book reminds me … Continue reading
Sykes' Saturday Seven: March 29th, 2008 Edition
March 29, 2008 at 11:51 am
by Timothy Sykes
Gotta start this linkfest off with one of the best quotes I received all week: “I’m 150 pages into An American Hedge Fund already. Best trading book I’ve read since Reminiscences of a Stock Operator, something Tim’s book reminds me … Continue reading
Obituaries: CYGT aka The Stock That Killed My Hedge Fund
March 28, 2008 at 3:41 pm
by timothysykes
Today, Cygnus (CYGT), a long-time Ticketmaster-wanna-be, lost their long-time battle against bankruptcy. They had been struggling ever since their first brush back in early 2006, barely clinging to life as if their leader was Terri Schiavo, but today, they finally … Continue reading
In A Pathetic Attempt To Get More Clicks, Yahoo! Now Hides Date/Time Stamps On News, Complain!
March 26, 2008 at 11:14 am
by timothysykes
UPDATE: Yahoo! went back to showing the timestamps, they don’t suck anymore…I think out complaining helped, good work guys! Looks like Yahoo! Finance has decided to try to get more clicks by hiding the date/time stamps of the news on … Continue reading
JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
March 24, 2008 at 12:05 am
by timothysykes
JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates… Remember how I … Continue reading
JPMorgan (JPM) Buying Bear Stearns (BSC) For $2 Per Share!
March 16, 2008 at 6:17 pm
by timothysykes
Forget $15 or $20. They’re only willing to pay $2 per share! Bear Stearns is now a penny stock. From this AP story All I can say is wow, if the situation is really this bad, Lehman is done for, … Continue reading
Sykes’ Saturday Seven: March 15th, 2008 Edition
March 15, 2008 at 3:22 pm
by timothysykes
UPDATE: Company’s stock drops to $2, even bigger scars for those involved. Difficult, but scars are good. You know how I always say a CEO will smile and tell you everything’s fine, even the day before they go bankrupt? Well, … Continue reading
Sykes' Saturday Seven: March 15th, 2008 Edition
March 15, 2008 at 3:22 pm
by Timothy Sykes
UPDATE: Company’s stock drops to $2, even bigger scars for those involved. Difficult, but scars are good. You know how I always say a CEO will smile and tell you everything’s fine, even the day before they go bankrupt? Well, … Continue reading