And you thought you lost a bunch of $$$ in the stock market? - 460 Ford Forum
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post #1 of 5 (permalink) Old 10-22-2008, 03:43 PM Thread Starter
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And you thought you lost a bunch of $$$ in the stock market?

On Tuesday, Kirk Kerkorian sold 7.3 Million shares of Ford stock. He had paid on average $8.50/share for the stock when he bought it in May, he sold it for $2.43/share yesterday. Thats a 42 Million dollar loss in just a few months. The really bad news is, he still owns 133 Million shares! I guess the old saying " How do you make a small fortune in the stock market? Start with a big one!".
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post #2 of 5 (permalink) Old 10-22-2008, 08:24 PM
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Ouch, talk about cutting your losses. :shock:

Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid-in-sideways, totally worn out, shouting.."holy crap.... what a ride!"
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post #3 of 5 (permalink) Old 10-22-2008, 08:28 PM
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CAN YOU SAY { THATS AN AZZ RIPPIN } ops: ops: ops: ops: ops:
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post #4 of 5 (permalink) Old 10-22-2008, 09:51 PM
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Holy tax loss carry forward, BATMAN

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post #5 of 5 (permalink) Old 10-22-2008, 09:57 PM
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I didn't loose any but I did loose 1.125 mill when Enron went belly up
my new retirement date is december 2099...


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