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I am NOT going LONG on Friday (maybe DUG or GLD)

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October 10, 2008 – Comments (5)

At 0300AM Eastern a hedge fund manager (Electic?) said something on CNBC, that is going to keep me short and in cash until next week. It is a rumor, not sure how accurate. I want to wait on the sidelines until it is cleared up

5 Comments – Post Your Own

#1) On October 10, 2008 at 4:02 AM, TMFSpiffyPop (99.31) wrote:

And what was that?

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#2) On October 10, 2008 at 7:47 AM, abitare (88.86) wrote:

Hugh Hendry, chief investment officer and Partner at Eclectica Fund said something about GS and MS being taken over this week end on CNBC. I am trying to find the exact quote. It happened at 0300 AM. They cut the guy off and then CNBC came back and repeated his statement...

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#3) On October 10, 2008 at 9:40 AM, dpid (88.14) wrote:

IMO, MS will be taken over.  Look for full governement control in almost everything we touch on a daily basis.

 

The question is, how to benefit from this?

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#4) On October 10, 2008 at 10:56 AM, Gemini846 (56.83) wrote:

dpid. how can you benefit if the gov is in control. They set up this federal reserve system and then when it hits the fan they reign it in. How could you honestly give up your power over the money supply. I see images of Jar Jar Binks now... I hereby vote the chancleer supreme powers.

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#5) On October 10, 2008 at 2:37 PM, Tastylunch (29.39) wrote:

Ares I'm glad you changed your mind, The  excahnges are considering rules against shorts again which I think just makes the forced selling worse.

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