BLGW.ob

BLGW was being promoted heavily as it ran up towards $1. Subsequently, the stock has traded down to 23 cents losing more than 60% of it's value. It is always interesting to see stocks tank on "good news", especially while being unambiguously promoted. Maybe this one is just a coincidence... will have to look further.

The Goldman allegations... Bullish or Bullshit?

UPDATE: I was wrong about the call options, but the lawsuit is still bullshit! They may settle but they won't lose.

Here is a list of reasons why I think the allegations are BULLSHIT! The corresponding trade IMO is to buy the 170 JUNE call option for $5.55 10:30am/4.20.10

1. All of these deals were zero sum games. There was a buyer for every seller.  ABACUS was no different.
2. What duty did Goldman have to disclose "the seller" or the ultimate originator of the synthetic CDO.?...
3. Even if they did have a duty disclose who selected the securities in the portfolio or at least not to lie and say it was ACA when it wasn't... for the SEC to win they have to prove not only that GOLDMAN LIED but that these lies are what caused the damages. As far as I know (and I am no lawyer),  the buyers lost money because they didn't make the right bet, not because of WHOM selected the securities.

$1,000 portfailio challenge

Many of you are familiar with the traditional portfolio challenges where people invest an imaginary sum of money and compete against others to see who can grow their portfolio by the largest amount. We are putting an unconventional spin on a traditional contest... the point of the B or BS portfolio challenge is to see who can LOSE he most money.... the winner gets $1,000

Here's how it works....

1. Invest $1,000 in up to 5 securities listed on the OTCBB
2. You do not have to invest all 5 and you do not have to pick them all at once, but you cannot "trade"
3. Enter your selections here, using DISQUS, TWITTER, OR FB
4. The person with the portfolio value closest to zero will be PAYPALED $1,000 from paymens@justtradewith.us
5. Contest ends September 1st... all purchases must be made by August 1st