Saturday, February 14, 2009
I'm on WKRP in Cincinnatti
In this world of 0.25% money markets and $950 gold, any type of risk is avoided. For instance, SIRI is already trading as it is in bankruptcy. ENE traded for .05 before that puppy was settled. Buying SIRI this week was a free call on someone out there with financial acumen besides the government. The odds are low, but the risk reward lines up. I'd say at .10 you have a 3 to 1 upside/downside. Pretty good if you are willing to take that leap. More news and Les Nessman.