Comments on: The Truth About Cars

By: Mark E Hoffer

Mark E Hoffer — Sat, 22 Nov 2008 13:58:15 +0000

lb,

if “Long” F, why not short Puts? the Mar09 3 Put looks like it was 2.23 bid
http://finance.yahoo.com/q/op?s=F&m=2009-03

you may want to 2x check, but that leaves .77 U$D as max risk, no?

long F @ 1.43 gives one a max risk of 1.43 U$D, yes?

that seems like a big difference..(O yeah, pls. include trans. fees/costs)

past that, BR, that site http://www.thetruthaboutcars.com/category/news-blog/bailout-watch/ , like yours, has long been a good one..

By: leftback

leftback — Sat, 22 Nov 2008 03:56:56 +0000

I bought F. Least lame of the three horses, big short position, you know I love a squeeze.

By: DL

DL — Sat, 22 Nov 2008 00:31:19 +0000

Jack Welch opposes bailing out the automakers, and wants them to go bankrupt:

http://www.cnbc.com/id/27840189

So according to Welch, it’s OK to throw endless amounts of money at the banks, but nothing for the autos.

By: Pat G.

Pat G. — Sat, 22 Nov 2008 00:18:52 +0000

“The Truth About Cars”

It would be hard to imagine life without them. Giddie Up…

By: DP

DP — Fri, 21 Nov 2008 21:29:56 +0000

@DL said: SPX 840 would be nice for the shorts, if it can get there).

Amazing how quickly things change. This time a few days ago we were wondering if 840 would hold on the way down.

By: KJ Foehr

KJ Foehr — Fri, 21 Nov 2008 20:59:17 +0000

Bothe BAC and JPM are rallying, but C is not. Perhaps that foreshadows its demise this weekend?

By: DL

DL — Fri, 21 Nov 2008 20:51:16 +0000

Today is options expiration. Tim Geithner gets nominated today. Coincidence?

Obama is quickly learning the game.

By: MorticiaA

MorticiaA — Fri, 21 Nov 2008 20:38:30 +0000

Gotta love the TTAC article farther down. Apparently, F CEO Mulally drives a Lexus.

By: DL

DL — Fri, 21 Nov 2008 20:27:52 +0000

Obama could induce a rally next week (if he wants to) by stating, together with Treasury designate Geithner, that he’s not going to raise cap gains taxes during the course of 2009. He’s got nothing to lose by stating this… he’s not going to collect any money anyway (from that tax) during the course of 2009. The purpose would be merely symbolic… but Wall Street would welcome it.

(However, I doubt he’ll do it any time soon).

By: DL

DL — Fri, 21 Nov 2008 20:21:38 +0000

I think the Geitner rally continues into next week.

(SPX 840 would be nice for the shorts, if it can get there).