Koor has offered me the fourth series of rights to buy stock cheaper than in the market. If I am right, the price is 25% lower than TASE, but the woman at the bank said it is half price. Anyway, I bought all the former series and am losing about 90%. Koor has embarked in a speculative campaign to buy Credit Suisse shares with a loan from Goldman Sachs. By now must be owning 3 to 5% of Credit Suisse, which is a lot. When Credit Suisse´s price goes down, Koor sinks to the depths; when Credit Suisse´s shares go up, Koor should be in heaven, but in fact it is sinking even deeper. Anyway, I cannot resist a nice speculation and bought all that was offered to me. A sign that I have not changed.
Thursday, December 11, 2008
KOOR as Credit Suisse (Somewhat Irregular) Derivative
Koor has offered me the fourth series of rights to buy stock cheaper than in the market. If I am right, the price is 25% lower than TASE, but the woman at the bank said it is half price. Anyway, I bought all the former series and am losing about 90%. Koor has embarked in a speculative campaign to buy Credit Suisse shares with a loan from Goldman Sachs. By now must be owning 3 to 5% of Credit Suisse, which is a lot. When Credit Suisse´s price goes down, Koor sinks to the depths; when Credit Suisse´s shares go up, Koor should be in heaven, but in fact it is sinking even deeper. Anyway, I cannot resist a nice speculation and bought all that was offered to me. A sign that I have not changed.
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