Comments on: Oath of Office

By: How the Common Man Sees It

How the Common Man Sees It — Fri, 23 Jan 2009 11:49:32 +0000

I was just reflecting a bit.

I’ll bet Hillary Clinton’s goals for 2009 didn’t include being secretary for a black man :mrgreen:

By: Mike in Nola

Mike in Nola — Thu, 22 Jan 2009 06:19:10 +0000

Re: insider buys

Would be deliciously ironic if Obama decides to do what needs to be done and wipes out the shareholders in a takeover a la RTC.

By: karen

karen — Thu, 22 Jan 2009 04:13:07 +0000

AT, normally i would agree with you, and voiced the same thing the last time Barron’s was touting insider buys. This time it’s different : )

On another note, the Obama Administration hit the ground running today. It’s going to get exciting…

By: Mannwich

Mannwich — Thu, 22 Jan 2009 03:17:50 +0000

@AndrewShaw: Macke is probably the best one on “Fast Money” but I’m not him. He is originally from MN, I believe though. Not nearly as wealthy as he is, unfortunately. Good to hear you got out in time. Those ETF’s can be a fun or hellish ride, depending on how/where you catch them. I’ve been on both ends over the past year and seem to be mostly running in place as a result. Better than losing money, I guess.

By: AndrewShaw

AndrewShaw — Thu, 22 Jan 2009 02:56:11 +0000

JDAMON: got 10k in way-in-the-money calls on xlf, half February/half into summer, up 10% today on those, thanks Borchers. Cynical play, financials will be toast, just not this week. Probably will give me huge gains that will all be lost on a gap-open on nationalization day.

MANNWICH: Got out of SKF/FAZ when the dip happened today, those got ugly later, whoa. I kept thinking about your advice all night, just got damn lucky to get out. Mannwich, I always thought you were actually Jeff Macke, when you used the JeffM handle, but the constant MN references rule it out I suppose. You guys think alike, its really strange. Am I right?

GE still has to cut its dividend. Wish I didn’t own that wonderful “blue chip” at 25. But then again, not wrong, just early, right?

By: Jdamon33

Jdamon33 — Thu, 22 Jan 2009 02:24:22 +0000

O/T, but it looks like I may finally make some money on my WFC trade today. Had to buy when it went below $14.00 today. won’t sell my 2,000 shares until it hits $28.00.

I think JPM, WFC, Goldman all survive without having to be “nationalized”. BAC and C, not so sure they won’t be nationalized.

Anyone nibbling on financials at these levels?

By: Rightline

Rightline — Thu, 22 Jan 2009 01:58:01 +0000

I have to say Obama is thorough. I’ll take it as a good sign. I just saw a blurb that said he retook the oath of office to ensure there could be no questions later due to Roberts flub.

On these execs buying stock in their companies. I’ll speculate that it is a feeble attempt to pump/show confidence right in front of a major capital raising dilution.

By: Andy Tabbo

Andy Tabbo — Thu, 22 Jan 2009 01:34:53 +0000

Didn’t Jeff Immelt buy a bunch of GE stock a long, long time ago?

Wasn’t Aubrey McClendon, at Chesapeake, taken out on a stretcher at 12 bucks on Chesapeake after buying boatloads at WAAAAAy higher levels. Remember how Pete Najarin kept pumping Chesapeake stock last year “because the CEO keeps buying.” What a joke.

These CEO’s are not very good traders….let me assure of you that much.

By: 10 cc

10 cc — Thu, 22 Jan 2009 01:20:03 +0000

The “oath of office” is basically just a promise to uphold our Constitution. It obviously had no impact on Bush/Cheney and company. It certainly does not appear to hold any legal standing. After Bush, they may as well have just changed it to something like …”Still wanna be president”?

By: AGG

AGG — Thu, 22 Jan 2009 00:36:07 +0000

Hey I’m the one that came up with the airbus in the water economy metaphor! Check my post from the day of the splash.
Pilot and crew = Obama administration.
Senator Cornhole from Texas and other reptilians = GEESE.