BWR Ouch- House Buy + Sells Updated Today

Dundee was sucking up stock like it was on sale...come to think about it it was :-)

BWR+BWR.wt Low volume , USA is slow due to Veterans Day,
We do need the USA for BWR.

As soon as the 4th Q Earnings include the sales that were not recorded in the 3rd Q, I believe BWR will run back up thru 3.00.
My revisions due to the change in the financials are as follows
Dec 31 2007 2.75
Jan 31 2007 3.30
Feb 28 2008 3.75
As I have mentioned in a previous post (review archive)
I'm holding very little BWR.wt at the moment and NO shares
But I'm still down $5000.00 on those holdings- So I'm holding on!

Top U.S. banks to help markets

Top U.S. banks to help markets

Sunday, November 11, 2007

NEW YORK — The top three U.S. banks have agreed on the structure of a backup fund of at least $75 billion to stabilize credit markets, The New York Times reported Sunday.

Citing a person involved in the discussions, who insisted on anonymity, the Times said that Bank of America, Citigroup Inc. and JPMorgan Chase & Co. officials reached agreement late Friday, approving a more simplified structure than had been proposed during the course of some two months of negotiations.

“We cleared all the big hurdles,” the newspaper quoted its source as saying. “We agreed to a much simpler structure that we think can get done, rather than optimize it for everyone,” the person added.

Discussions began in early autumn when the U.S. Treasury Department convened a meeting.

Previous versions of a backup fund had been widely considered infeasible, spurring doubts about the prospect for a final plan, the Times said.

The proposed fund could begin operating by the end of the year, the newspaper reported, and the banks could start asking some 60 financial institutions to contribute to the fund in the next five to 10 days.

Treasury Department officials declined to comment, the newspaper said.

The fund is meant to avoid a severe credit market disruption, according to its organizers, by either providing time for asset prices to recover or, more likely, at least discouraging structured investment vehicles from unloading their holdings en masse, the Times said.

The fund also needs the major credit rating agencies' blessings.

© Copyright The Globe and Mail