Relevant:
- David Tepper Dumps 20% Of Financial Holdings During Quarter Of Infamous CNBC Speech
- Appaloosa Fund Cuts Stakes in Bank of America, Wells Fargo
- Markets Cheer Stress Test Double Speak
- No easy way out for Deutsche Bank as investors 'lose faith'
- Paulson Sells Large Portions Of BofA, Citi, Wells, Capital One, Dumps All Of Goldman, Adds Gold Holdings, Agriculture
2009-12-26 — fool.com
``
Appaloosa's returns on the Citi and B of A trade suggest it had a positive expected value, but it looks to me like a binary bet on an unusual situation, with a possible total loss of capital. That's not the sort of bet I find attractive, but I'm sure Tepper's investors will be filled with good cheer this Christmas.''
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