Nana was right.
Nana was right. A couple of weeks ago from London I wrote that the Hamley’s toy shop on Regents Street had gone bankrupt. It hadn’t but today the Baugur group which owned it has filed for protection from its creditors. Hamley’s launched the make-a-bear program where children could have a teddy bear made to their specifications while they watched. If you wanted a brown bear or a black bear, with green eyes or black eyes, or with long fur or short, dressed as a boy or a girl, it would be created for you.
Unfortunately children were absolutely terrified by the noisy machine which put the stuffing into the made-to-measure bear. Tears of fear not chortles of joy.
day trading gains
Day trading in Barclays preferreds yesterday did not work out because my offer prices were too low. The market still has confidence in BCS despite the downrating by Moody's which triggered my interest. So at the end of the day, I switched to putting $5000 into DryShips instead. Again I used a limit order and paid $4.95 per share. My logic was that the situation was dire but that there would be an out because the company does have assets. As I wrote yesterday, the banks really don't want to run a shipping fleet. We all own a half stake in DRYS.Q having sold half when the price topped $100.
Updates on our recommendations
*Gazprom is now free to buy any Russian gas company as it managed to get reversed a ruling by the state competition watchdog, Russia's Kommersant reported. This removed obstacles against OGZPY becoming a monopoly in exports and Russian gas production, the newspaper said. Commented Harry Geisel: "Putin prefers to have a single company to deal with."