Comments on: Lessons From WCI’s Bankrupcy http://livingoffdividends.com/2008/08/05/lessons-from-wcis-bankrupcy/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 13 Dec 2011 07:31:37 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Hustle Strategy http://livingoffdividends.com/2008/08/05/lessons-from-wcis-bankrupcy/comment-page-1/#comment-12074 Hustle Strategy Wed, 06 Aug 2008 18:39:41 +0000 http://livingoffdividends.com/?p=815#comment-12074 I am sitting on sirius stock that I kept thinking would go up with a merger, little did I know. I also have odd feelings about Carl Icahn. He generally goes in busts up companies and milks out everything he can. It is really hard to invest around that type of investing. I think Buffet is the one that is pretty solid. Pickens is an oil man, but I am not sure I would bet against him or his future investments. I am sitting on sirius stock that I kept thinking would go up with a merger, little did I know. I also have odd feelings about Carl Icahn. He generally goes in busts up companies and milks out everything he can. It is really hard to invest around that type of investing. I think Buffet is the one that is pretty solid. Pickens is an oil man, but I am not sure I would bet against him or his future investments.

]]> By: VTCastle http://livingoffdividends.com/2008/08/05/lessons-from-wcis-bankrupcy/comment-page-1/#comment-12070 VTCastle Wed, 06 Aug 2008 17:11:28 +0000 http://livingoffdividends.com/?p=815#comment-12070 One alternative that worked for me during the huge sell off in financials was shorting the XLF, or buying an ultrashort (for double the action) like the SKF or UYG. This prevents any company specific news from killing my short position. I would be very cautious w/ shorting financials at this time due to the falling cost of oil, and the overall beating they have taken in the last year. Sectors beaten down this badly have a pay of rebounding quickly. One alternative that worked for me during the huge sell off in financials was shorting the XLF, or buying an ultrashort (for double the action) like the SKF or UYG. This prevents any company specific news from killing my short position.

I would be very cautious w/ shorting financials at this time due to the falling cost of oil, and the overall beating they have taken in the last year. Sectors beaten down this badly have a pay of rebounding quickly.

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