Wall Street Manna

An irreverent look at Wall Street

Thursday, August 27, 2009

Paulson's regional bank holdings

Just a reminder:

Paulson also owns 35 million shares of Regions Financial (RF), and 12 million shares of Marshall and Illsley, (MI), 1.5 million shares of Sun Trust (STI) and 5 million shares of Fith Third (FITB) stocks also trumpeted on this blog.


At August 27, 2009 at 12:04 PM , Anonymous Anonymous said...

what's keeping hban down?

At August 27, 2009 at 12:11 PM , Anonymous Anonymous said...

O great one. I salute thee for your brilliant calls on the stocks that I missed. BUT what do I do with the dec 7.5 calls of APWR?

At August 27, 2009 at 12:17 PM , Anonymous Anonymous said...

You can't win them all :)

At August 27, 2009 at 12:27 PM , Blogger Palmoni said...

APWR will be OK. Every time they have earnings they miss--and I didn't think they would do it again, but they did, nevertheless they did talk about big orders for wind turbines at about 4.8 million apiece i think and 30 or so and re-affirmed for the balance of the year and they also had $128 million in cash

They tried knocking it down today, but it's fighting back and the company now has the cash to execute

I'm just sitting with it as I think next quarter will be the break-out that the bulls want and those that thought the stock would completely breakdown on this miss will I think, be proven wrong

At August 27, 2009 at 12:32 PM , Blogger Palmoni said...

I think everyone is throwing their money in C at these prices and leaving some of these other names like HBAN alone

especially after Cramer told everyone to sell C two days ago--now they are scrambling to put their position back on!

And now when C trades higher, Cramer will say he was all over it at 3.7, just like Doug Kass with his "sell the market" call!!

At August 27, 2009 at 1:37 PM , Anonymous Anonymous said...

are you still holding hban?

At August 27, 2009 at 2:05 PM , Blogger Palmoni said...

No I sold it--which makes me think it will probably go up.

But don't look at me--I put that money in calls on AIG

At August 27, 2009 at 4:05 PM , Anonymous Anonymous said...

sorry...maybe i missed a posting...by why is AIG still on a tear...especially today?

At August 27, 2009 at 7:53 PM , Blogger palmoni said...

I didn't post the sell of HBAN because I did it this morning, and I didn't think it was worthwhile selling down here, unless you had an opportunity cost of money.

And I just wanted to throw that into something else because I'm still stuffed with a lot of inventory!


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