Meletio's call

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Jan 11, 2010 4:32 pm

Hey weren’t we supposed to be down around 940 or something a couple of months ago?

DD - What happened?

Jan 12, 2010 12:09 pm

Don’t worry about Mel.  He had a few other (secret) positions that made money - enough to cover his $12.67.

Jan 12, 2010 12:57 pm
mlgone:

[quote=Moraen]Hey weren’t we supposed to be down around 940 or something a couple of months ago?DD - What happened?



exposed as the worst call ever…[/quote]



worst call ever?





ken Thompson

buying 140 B of oakland Ca option arm loans in 07?
Jan 12, 2010 1:07 pm

That was a tax write off.

Jan 13, 2010 10:51 am
mlgone:

BOA buying ML in Nov 08

  Wachovia buying Golden West Financial, then AG Edwards and then being bought by Wells Fargo!!!!! WTF
Jan 13, 2010 3:11 pm
BigKahuna:

[quote=mlgone]BOA buying ML in Nov 08



Wachovia buying Golden West Financial, then AG Edwards and then being bought by Wells Fargo!!! WTF[/quote]



That was ken Thompson

see above



(BTW   WS had a SELL on gwf when mensa boy Kenny bought em.



Read the report, the guy was pretty darn bearish on housing and the “pick-a-pay” nuclear cesspool of loans WB bought.



sad Thompson was truly a nice man





Buying MER was smart in the LONG run