True, but the shares of BoA he bought weren't just any ordinary trader Joe shares lol

Looking for a bounce if Berlusconi resigns today

You have to keep in mind that Buffetts view of a bottom is not your average person's view of a bottom. He's willing to invest over a horizon of 5-15 years. He has enough money to invest like that.

For us, it's like lime of 2-8 hours horizon (lol) or 4444 of 6 months to 2 years. (I hope I'm right).

long term, this is a hugely cheap market, some ppl trade for a quick buck, others (yours truly) invest their portion of their paycheque for a long time from now

invest in good companies, with a good product and great management at historically cheap prices, and you'll be richer than if you didn't is my general motto.
some of us don't have the time or stomach for quick trades

Wow 2011...Arab Spring and continuing now European leaders resigning lol

Market should love that news... My holdings in BIP, POT, BNS.TO all green today.

anyone looking at any stocks on the TSX/TSV? not much movement lately =/

Gonna Put on SPY if it roams around the 128.5~129.xx and cannot break 130 tomorrow/thurs

Depends on the Italy situation ~.~


Whats your guys' opinion on a ~$10k portfolio or should i stick to short-mid term options

market looks awfully dangerous here. no pos but stalking shorts.

LOL crossing each PIGSHIT country off one by one
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Ouch GMCR weekly 50 puts we're 0.50. Einhorn must be celebrating big.
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eeeek, gonna test 1220 this week looks like it, maybe tomorrow... 1200 if it dont hold , nice call on SPY puts mr.Ly

my ass is bleeding.
cant zeus and mario just play along?
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:fuuuuu:

FU on what?

wonder if its a good time to pick up some apple...:considered:

FAS up 400%, FAZ down 1.4%?!?!
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FAS: +1.02%
FAZ: -0.85%

Yup, FAS had a reverse split.

picked up 5% on cisco earnings. turned out to be a decent week despite yesterday's slump. :)

hope italy doesnt greek us this upcoming week

pedo berlusconi ftw!!!!!!
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On this topic... what is the difference between:

Bank of America Corp. PRFD 'D': NYSE:BAC-D quotes & news - Google Finance
Bank of America Corp. PRFD 'E': NYSE:BAC-E quotes & news - Google Finance
Bank of America Corp. PRFD 'J': NYSE:BAC-J quotes & news - Google Finance

These are 3 types of preferred shares, each at different values.. is there any way I can look into them and see their return? How do preferred shares work?
All I THINK I know is that if/when a company defaults, bond holders and preferred share holders get their money back before the general stock holder population right?

Usually the difference is in voting rights, dividend, cumulative/perpetual.


Bank of America | Investor Relations | Capital Issuances
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just did a quick read up on investopedia on common vs preferred stocks
What is the difference between preferred stock and common stock?

Looks like a good deal to do this, whats the downside of preferred shares though?