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re: EXXI - hitting new lows everyday

Posted on 10/3/14 at 3:44 pm to
Posted by sneakytiger
Member since Oct 2007
2475 posts
Posted on 10/3/14 at 3:44 pm to
Bass is a fairly big name in Dallas and in the hedge fund world.
Posted by poule deau
Member since Jan 2009
1407 posts
Posted on 10/8/14 at 8:58 am to
9.46 this morning.

Down another 4.5%.

Where is the bottom for this stock?
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 10/8/14 at 11:28 am to
We watched a video on the housing bubble in my finance class at LSU, and it had a small bit in Bass. It talked about how he purchased insurance on mortgage backed securities after he figured out the crash was coming. Forgot exactly how much he made on that, but I remember hearing something like 600% ROI. So what's his play on this now? This stock is nose diving today.

Eta: Here's that video I was talking about. It's a bigger documentary, but here is the section on Bass. LINK
This post was edited on 10/8/14 at 11:48 am
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