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URL:  http://boards.fool.com/some-savvy-bond-trader-likely-snatched-those-up-30588298.aspx

Subject:  Re: Suntech Pwr’s 3’s of ‘13 Date:  3/13/2013  3:23 PM
Author:  globalist2013 Number:  34828 of 35357

Some savvy bond trader likely snatched those up at $25-$35 and offered them today at $85. I bet they would have had more traction if they offered them at $95 instead of $85. $15 gain in two days makes them simply too good to be true - probably would actually get more suckers if it deal didn't seem so sweet.

Hawk,

Appended at the end of this post is T&S for the last three days. Nobody is buying at 85, nor will they. Some desk somewhere is just screwing around out of boredom. But I'd never before seen an ASK-BID spread so wide (85x26) when sales actually happening around 35.

Yeah, I got one of those notices about granting consent. But I didn't bother to reply. I'm one of the 40% who wants out this Friday. However, I'm probably one of the 100% that will take a haircut on the workout. It happens, and it happened because I was investing with my heart instead of my head.

I'd like to see the solar power industry to become commercially viable. But I also realized that the prospects are dim, and I kept my exposure small. As a fractional of my bond money, my exposure to Suntech's debt is a reasonable 0.76%. To the solar and battery industry generally (positions in the debt of Exide, MEMC, JA Solar, Sunpower, and Suntech), my total exposure is a moderate 2.2% of my bond money, on which I'm down a cap-gains basis by -13%. OTOH, on that other bond money parked in other industries, I'm up 11%. So the hit I'll take from whatever does happen with Suntech will be tolerable.

That's the investing game, right? If no losses, then also no wins. That's what those who try to be "safe" never understand. You can never know what's going to work and what isn't. I've got an equivalent amount of money in grocers as I do in Suntech, and there I'm up 19%. I've got an equivalent amount of money in the auto industry as I do in solar, and there I'm up 54%. Could my bet on SunTech have paid off? Sure. Could my bets on grocers and autos have failed ? Sure. That's why I bet widely and small.

Charlie
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3/13/2013 13:53 1,000 35.000 Customer Buy
3/13/2013 13:46 10 36.500 Customer Sell
3/13/2013 13:42 100 35.000 Customer Sell
3/13/2013 13:59 300 31.940 Dealer to Dealer
3/13/2013 13:21 300 32.050 Dealer to Dealer
3/13/2013 12:56 50 32.000 Dealer to Dealer
3/13/2013 12:36 250 25.500 Dealer to Dealer
3/13/2013 12:30 20 31.750 Dealer to Dealer
3/13/2013 12:19 590 32.050 Dealer to Dealer
3/13/2013 12:18 305 31.875 Dealer to Dealer
3/13/2013 12:18 305 31.875 Dealer to Dealer
3/13/2013 12:17 250 25.500 Dealer to Dealer
3/13/2013 12:07 215 31.950 Dealer to Dealer

3/12/2013 16:07 25 30.000 Customer Sell
3/12/2013 15:46 5 30.462 Customer Sell
3/12/2013 15:35 5 30.462 Customer Sell
3/12/2013 15:33 5 30.462 Customer Sell
3/12/2013 14:32 5 30.462 Customer Sell
3/12/2013 14:19 31 30.855 Customer Sell
3/12/2013 14:18 4 30.855 Customer Sell
3/12/2013 10:55 5 30.446 Customer Sell
3/12/2013 16:13 25 30.250 Dealer to Dealer
3/12/2013 16:07 25 30.000 Dealer to Dealer
3/12/2013 14:16 35 31.000 Dealer to Dealer
3/12/2013 14:14 35 31.000 Dealer to Dealer

3/11/2013 16:03 5 30.462 Customer Sell
3/11/2013 15:18 10 30.463 Customer Sell
3/11/2013 14:49 5 32.959 Customer Sell
3/11/2013 14:49 5 32.959 Customer Sell
3/11/2013 14:49 5 32.959 Customer Sell
3/11/2013 14:25 5 32.959 Customer Sell
3/11/2013 16:16 20 31.000 Dealer to Dealer
3/11/2013 16:13 20 31.000 Dealer to Dealer
3/11/2013 16:08 20 31.000 Dealer to Dealer
3/11/2013 14:49 5 33.000 Dealer to Dealer
3/11/2013 14:49 5 33.000 Dealer to Dealer
3/11/2013 14:49 5 33.000 Dealer to Dealer
3/11/2013 14:25 5 33.000 Dealer to Dealer

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