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I've changed my mind about MCO

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May 31, 2008 – Comments (3) | RELATED TICKERS: MCO

I hope I can get my money out Monday before the collapse. Check out this article by Sinchiruna.

Let me know if the link doesn't work. 

3 Comments – Post Your Own

#1) On May 31, 2008 at 3:03 AM, AnomaLee (28.68) wrote:

The link works, but others have pointed out the same thing (including myself) for a while. The fallibility of their business model isn't something new.

Some notable mentions CAPs: dwot, DemonDoug, TMFBent, alstry, and others... DemonDoug mentioned how Moody's is a MF pick although their intrisic value has drastically fallen [Link Here] which is something Warren Buffett has said this himself.

There is a difference between a declining business and a declining stock price. I don't like to speculate and try and catch falling knives. I'm not a billionaire and I don't have money to throw away or ideas with low risk-rewards.

I think the market will hold up well enough for you to exit your position safely if you want to.

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#2) On June 02, 2008 at 7:09 PM, FleaBagger (28.14) wrote:

Sorry, Lee. I'll link to your article next time. By the way, even after about a 1 to 1.5% drop on Monday before I sold my shares, I made something like $200 net of commissions, and in my Roth, where it the effective tax rate is hmm, what was it? Oh yeah, 0%

!!!

Pretty sweet for something I shouldn't have done in the first place. By the way again, I put all the proceeds into WNR at $13.ninetysomething per share. No joke. Still, this is one of the worst refiners from what I can tell, and that's why it was so cheap. I just hope it can ride rising crack spread tides until I'm allowed to sell it without my account becoming restricted for sweep trading or whatever it's called.

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#3) On June 05, 2008 at 6:51 PM, FleaBagger (28.14) wrote:

I keep forgetting to close the MCO pick in CAPS, though.

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