good week ahead, page-13

Melua,

I have already conceded that there are similarities between HFA and BBI. However I still see a greater risk for my cash in BBI. I may well be wrong, but that is my opinion.

We all have a different risk reward analysis and threshold.

Someone else recently touched my way of thinking on the BBI thread, when they relayed a conversation with a fund manager, who stated he would rather buy once the risk had been taken out. Sure, they might be paying 30c, perhaps more, but at least the risk of loss of total capital has been taken away.

I am of the opinion that HFA's business is far stronger than the market ascribes, hence why I have been a big buyer here. I do not believe HFA will go out of business.

With BBI, there is still substantial risk, not in what we know, but perhaps in what we still do not know...as I have said all along. Granted however, that the possibility of those unknown hidden risks, has greatly reduced with recent transactions and thawing of credit markets.

Let me put this out to you Melua as a possibility.....BBI successfully sells DB and pays off all corporate debt, the stock jumps significantly on the news, and we are away from the screen for that hour of crazy activity, and did not have a chance to lock in profit.

Can you imagine that the stock might come to settle at perhaps 20 or 30 cents????? I can.

And at that point I would be comfortable picking up a few million at 20 or 30 cents, then 3 times more stock at 6 or 9 cents.

Have a nice day.

Kiril

I hold.