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re: Lehman Watch Thread
Posted on 8/21/08 at 9:18 am to Colonel Hapablap
Posted on 8/21/08 at 9:18 am to Colonel Hapablap
quote:
isn't WFC partially owned by Buffet?
yes he owns a piece of it. But I don't think that will keep the stock price high. Recapitlization will almost always dilute existing shareholders.
WFC is not going to zero. But it could go to $20. And Buffet is a buy and hold guy, so a 30% drop in price is not going to deter him from hanging onto his holdings.
Posted on 8/21/08 at 9:26 am to MileHigh
it doesn't matter what actually would happen with Wells, my problem is the headline risk of "OMG BUFFET IS INVESTING!!!1". That shite will frick you blind with a quickness if you're short. No thanks.
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