If you are going to short you might as well catch a homerun. I always wanted to be the guy to catch the move to zero in a Fannie Mae, Best Buy or Capitral One. I HATE these companies and use to short them in the old days. I lost money all the time. The …
From: January 2008
Come pet the Panda…I mean Shanda…On Wallstrip
Today we are looking at another gaming stock, this one the big Chinese gamer Shanda Interactive (SNDA) . I will be looking at adding to my gaming stocks as always into weakness. I have owned ERTS forever and was a seller in the high 50’s. Back in the mid 40’s I will buy some again. …
I Would Short…BUT…
I am hearing 50 Basis Point Cut or death to the markets this morning on CNBC. I have to be honest. I wake up at 6 AM on the button each day and watch CNBC for 5 minutes. It reminds me what I may be missing. Today, that seems to be the discussion about a …
Nothing Virtual about VMWare's (VMW) Blowup
I wish I had a virtual portfolio. It would not still own a small trading position in VMWare (VMW). I had made a killing trading this one…until tonight. The tiny remnant position I kept lazily on the sheets just imploded. The stock is down almost 30 percent to $60. I think Cramer called EMC the …
Market may be Going Nowhere but The World Turns…FAST!
I am completely underwhelmed by the rally in stocks. The few positions I actually own and don’t trade – suck balls…save GOLD. This is a weak oversold bounce so far and we better get some legs and new leadership. I see nadaroosky in the all-time high list to get me even thinking about buying stocks …
Hoku Scientific (HOKU) on Wallstrip
Hoku Scientific (HOKU) has served up an extremely wild ride for investors, just recently poking it’s head above all-time highs near $15 and quicly falling back below $9. They are in the ‘hip’ clean-tech space and work from the lovely state of Hawaii. I believe pineapples fuel their technology and pineapple prices have been flying. …
Is This a Bear Market?
Is it ever! If you don’t think it is and you are not respecting the price action, you will be sorry. The global markets were fantastic since since 2003 for long only investors (like me), but now is shaping up as payback. I have been viciously aggressive in protecting big gains and cutting loose my …
Facebook Cleanup Possible and a Smart 'Open Web' Move
It has been a few weeks since I checked MY Facebook. My friend Nick at AllFacebook is breaking some news that Facebook is opening it’s platform to the real web . If that’s true, that would be meaningful and very useful to us boring bloggers. Otherwise, there is just nothing going on there for me. …
Dow 12,000 Back on Wallstrip…From the Other Way
It was happy times not too long ago as we passed Dow 12,000 on the way up (October 2006 to be exact and ohhhh the beauty of archives and search). Now we are seeing it on the way down. It was therefore time to update our Dow 12,000 show with Julie. Better than looking at …
Prosper.com…Andy Still Getting F@#$ed…at Subprime Internet Speed
In the end, it looks like I may be wrong about Prosper.com. Good news is that Andy was my beta tester, not me. I love the idea of peer to peer lending, but in the end, it’s just subprime on steroids. Andy gives another update . He is taking it like a man as only …