Let me start by saying I was down 1% today, all due to the cocksucking action in BORN. Some of my loss was offset by gains in EXK; but I still finished down a bit. So you know, BORN is a rather large position of mine, as I have been buying shares for a month now. My rationale, in my opinion, to buy the shares is sound and the value proposition is solid. However, there are a group of insidious cocksuckers out there, namely Muddy Waters and Citron Research, that make it a point to incessantly target chicoms with their “investigative journalism.” Because Muddy Waters nailed RINO (shot in the dark), people believe they are operating with crystal balls on their fucking desks and magic umbrellas up their asses. Today’s hit piece on CCME is disgusting, for a very specific reason.
They are coordinating their assaults on these companies and using their megaphones to manipulate stock prices. Are they trading ahead of their research? Ask the SEC, see if they care.
Having said that, frustration and anger does not generate gains. I added to my BORN position at the end of the day, but nothing too big. It’s important to understand why the stock is dropping and how low can it go. People are scared. When people get scared, share prices disconnect from reality, allowing those with liquidity to take advantage. However, before that chip can be cashed in, you have to get the timing right. In this case, my bet is for a better than expected earnings report, scheduled to be released 2/15. If you are short this stock and feel they are “cooking the books,” the last thing you want to do is ride this fucker short into earnings. After all, the “books are cooked” no?
Aside from that, I like the market here and will look to add to some precious metal names, which will be researched tonight, while you are asleep.
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Be sure to wipe.
interesting. hope it works out Sr Fly
Which was my next question.. Do you ever sleep?
while im sleeping, you check out all that the palladium complex has to offer you. by morning, ill be richer, and youll be smug with a new conviction list
At least he’ll be able to punctuate.
oddlot. theres always the literary world for those that love their with apostrophes more than their commas
I’m looking at CZM and JJC as seasonality plays for February here
based on what I researched in the PPT.
I’ll be looking forward to Jake’s blog tonight on the PMs…
Fly, are you going to buy TBT?
How about the MGN seasonality play? VROOM
wowza, nice move today in MGN,
wish I had written you yesterday!
If you notice though, if I had bought CZM and JJC on Jan. 31
(which I did not), it would have been a nice trade as well.
Here are my favourite PM gigs so far (in order of liking):
Orko silver OK
Nautilus Minerals NUS
Millrock Resources MRO might be too small for your liking, but still a good one.
Silver Wheaton SLW You already know of it.
Orko trades down here under OKOFF but kind of thin and not very responsive today … what’s your take?
It’s preparing to get bought by Pan American at a significant premium imo. Their deposit is right next to Pan American’s super deposit in Mexico. Cheaper to pit mine the whole shebang. Pan American is “planning to aggressively advance this project” or some such. That either means lots of money for Orko, or more likely, they’ll get taken bought out clean at a nice premium.
Thnx
You’re welcome!
I like IAG & ANV
CAGC down as well, China Agritech is down 10% including after hours.
Chicoms are ghey. Chinese companies are frauds. Look at the BS called DANG. That company isn’t even the number 1 online retailer in China, yet they want people to believe they are the leader. I stay away from these kinds of companies.
No more than American companies. Quit believing what criminals post on the internet.
in for 1000 BORN
let er rip
First Majestic Silver — AG
Alexco Resources — AXU
So Fly what do you think of CAT and the $100 roll? Or not enough upside on that one?
$106
david einhorn trades ahead of releasing research. I don’t see that aspect being illegal.
Do you really think it’s the same?
He shorts big names, not small float stuff.
question for the stream . why come VMC reports -.36 loss vs expected -.18 loss and is – 260% from a year ago and it more than fills the gap down from this am ? I spent 26 years in the construction industry I know what they do and I also know the only hope they have is more government stimulus with the Tea Party in control is this likely ? anybody ? Somebody ? Thanks
Fly – In my opinion, FUQI started this china mess. This china mess gonna continue until they file….which who knows when. Just a name to watch.
It has nothing to do with FUQI and everything to do with internet scamsters targeting companies that cannot defend themselves.
CCME defending itself now…..
The Bernank says he will control inflation. I would think that a valid definition of which would be in order as opposed to the government method of measurement. Which in case you hadn’t noticed, excludes anything that is going up in price.
http://news.yahoo.com/s/nm/20110203/wl_nm/us_food_prices
BORN, china rotto. good ruck.
Dos The Fly sleep? Money never sleeps padawan. Never.
Yeah I got fucked on BORN today too but should have seen it coming. About that 2/15 earnings date, were in contact with Mr Zima in IR about that?
Anyone think PWER is a buying opportunity after 21% haircut after hours?