Tuesday, September 18, 2007

 

Jerk off Quote of the Day

18:49 TOL Toll Brothers CEO: Housing hasn't bottomed; Fed cuts won't work - DJ (22.72 +1.81) -Update-

Comments:
Ducati blew up.
 
Let's hope so.
 
More likely he had a Big Mac attack and had to raid his trading account, leaving him with a hill o' beans.

Viz.
 
Cue comment from JJ saying that SWC is going to the moon... it was up 60 cents today. That's like 238% or something.

-DT
 
"They dwell too much on failures and scandals and politics," he (Rupert) said. "We want to spend a lot of time on innovation, successes and people who are making money."

Just as I thought, Fox news will be a bull, CNBC and Bob Pissant will be bears.

I hope Fox hires Cramer. That would be a fucking slap in the face. Pay him whatever he wants. As crazy as he is, I feel like his intentions are good. He was telling everyone to buy when the dow was in the shitter at that 12,900 mark.
 
cramers intentions are good .. hes a good man

ducati probably retired a billionaire after his 3000th consecutive winning arbitrage trade .. either that or the asylum found out what he was up to & put an end to his jig

Robert Toll is a deuche .. at the top, he couldn't have been more positive on CNBC as he was selling tons of stock to whomever would take it off his hands ... and now hes an expert at bottom spotting ... I previously thought the same thing but I am gonna have to rethink the whole thing ... although the inventory around here (hamptons) is through the roof .. on a bike ride through the area, I counted 7 houses for sale in a 3/4 mile stretch & these were probably 1/2 - 1 acre lots. Lots of real estate signs out there. Never seen more.
 
jog on.

he blew up today.
 
Big IIG insider buy. dir bot 50k shs @ 17.85

but CFO sold 5k @17.44 & 5k @17.27

CFO practically caught the low for the move
 
The HOV CEO said the same thing.
 
IMO the FED is still behind the curve as the Fed Funds rate is still higher than the 2 and 10 year notes. I commented last week it could be pushing on a string with these cuts. Who knows and time will tell but its clear to me any way they need to cut more eventually.
 
Looks like the LEND buyout will go through at a reduced price.

NEW YORK (Reuters) - Subprime mortgage lender Accredited Home Lenders Holding Co (LEND.O: Quote, Profile, Research) agreed on Tuesday to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm.

Lone Star, which on June 4 had agreed to pay $15.10 per share for Accredited common shares, agreed to acquire the mortgage lender for $11.75 per share under an amended merger agreement.

The acquisition remains structured as an all-cash tender offer.


LEND closed at $9.78.
 
LOL.

Lonestar got jerked.
 
Didn't that Toll fuck say the housing market had bottomed 8 weeks ago?
 
Weeks, shit I meant 9 months ago.

http://money.cnn.com/2006/12/05/news/companies/toll_brothers/index.htm?postversion=2006120512
 
Caddy sez:

"Who knows and time will tell but its clear to me any way they need to cut more eventually."

_________

Well, hell yeah. You think that 340 pt move yesterday was all about 50 bips? No way, brah, the Fed never "cuts just once." We have another fitty maybe more to go.

The Dude will abide.
 
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