I am sick and tired of these Chinese stocks raping investors. They’re like jack in the boxes that pop up and urinate in your face, just prior to detonating. As you know, I defended the CEO’s of these companies, taking issue with short sellers who targeted companies like CCME and BORN. However, when the facts were revealed, I acknowledged my wrong position and apologized to the asshats who talk shit about the Chinese parlor game.
Take a look at some of the year to date performance of the Chinese burritos:
No. Ticker YTD Return Industry
1 SBAY -77.90 Chinese Burritos
2 CBEH -74.90 Chinese Burritos
3 HEAT -71.78 Chinese Burritos
4 DGW -69.62 Chinese Burritos
5 CVVT -68.89 Chinese Burritos
6 KGJI -66.91 Chinese Burritos
7 GFRE -66.04 Chinese Burritos
8 RCON -65.59 Chinese Burritos
9 FEED -64.97 Chinese Burritos
10 KNDI -62.63 Chinese Burritos
11 SCEI -60.97 Chinese Burritos
12 CSKI -60.83 Chinese Burritos
13 CHGS -59.42 Chinese Burritos
14 PUDA -57.89 Chinese Burritos
15 XNY -56.88 Chinese Burritos
16 CNET -56.07 Chinese Burritos
17 OINK -56.00 Chinese Burritos
18 NEWN -55.76 Chinese Burritos
19 YONG -55.60 Chinese Burritos
20 LZEN -55.37 Chinese Burritos
21 CIIC -53.62 Chinese Burritos
22 CNAM -53.61 Chinese Burritos
23 MCOX -52.77 Chinese Burritos
24 HSFT -52.22 Chinese Burritos
25 SHZ -51.67 Chinese Burritos
26 SIHI -51.34 Chinese Burritos
27 SCOK -50.71 Chinese Burritos
28 BSPM -50.35 Chinese Burritos
I hope you can appreciate how absurd the above data is, with regards to why those stocks have been cut in half. Everyone believes they are frauds, plain and simple. In short, the lawyers at the SEC are dicksuckers for allowing this shit to happen.
In other news, the Egyptians are revolting again. Go build pyramids. And, MRVL posted better than expected earnings. Now that’s a fucking upright walking pig with fleas. I don’t want to be distracted by tech. I am keenly focused on getting my bow tie on, poking my finger in the chests of people who support Dr. Bernanke.
Top picks: CLF, WNR
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any decent estimates on WNR’s potential normalized earnings for the year.
I figured they made around 1.30ish for last quarter, of course adding back one or two of the fuck ups etc. But seriously someone a few weeks ago suggested that $1.30 ish was based on a crack spread of 16 bucks or so and that at 24ish they would be making 2 bucks a quarter. surely they have my numbers wrong, no? That sounds far too high.
Watch the tape on HDY. Could be nothing, but I suspect a possible buyout is in the air.
As always, Caveat Emptor.
Put on 1.5 of a spec bet. Risking about 3% Equity. Something is in the air, if it’s not I’ll be out without too much skin off my back.
Ching chong chinaman,taibosie,2 cigarettes and one toffee.??
what, no caas, or that other POS coin.
you forgot CCSC
China’s economy goes through years of boom, and the country’s fake listed companies collapse along with its collapsing stock market. America’s economy goes though years of bust, and the country’s fake (mark to model) companies (especially the financials) seem to kick ass on a stock market that appears to be more than holding its own. It only seems to make sense when taking the US media’s control over information into consideration.
If the US economy gets a grade of an ‘F+’, instead of the expected ‘F’, the stock market will take off. That’s because the failing economy still beat estimates. That’s how Wall Street’s well paid financial pimps in the MSM will spin it, anyway The truth is that as the dollar weakens, the Main Street economy has to pay more for oil, and paying more for oil slows the real US economy. That, of course, is not reflected in the stock market. As the prices of goods go up, consumers spend more dollars. It doesn’t matter that they are buying less for those dollars.
How much does the weaker dollar have to do with the price of oil, for instance? Well, since November 2008, the price of oil in the US is up 150%. In Canada, because the loonie got stronger vs the USD, oil prices are up only 96%. While the Fed destroys the Main Street economy by creating trillions of dollars out of thin air, it pumps up the value of Wall Street by inflating the values of stock shares. It takes more and more weakening dollars to buy oil and stocks. The only thing working for Wall Street is Fed induced inflation. That same Fed induced inflation is murdering Main Street America.
In China, all that extra yuan being created, is inflating its Main Street economy without benefiting its financial markets. Those Chicoms will just have to learn to do a better job of controlling the country’s MSM. China’s state capitalists have yet to learn to art of using the media to pimp their financial markets the way the US corporatists have.
http://house.gov/brady/pdf/ThePriceofOilandtheValueoftheDollar.pdf
Commodities, especially energy and solar companies look to be good speculative bets. I have as much as my line out already and I’d rather add more to ZLC on pullbacks.
URZ, WNR, LDK, ANR, JASO, PCX. HDY is also oil exposure, but this play pertains more to the company being actually able to start up production (and/or partnership, buyout).
If I wasn’t happy with my positions already, I would be buying up all the energy commodities left and right, right now. I have to say that the Fly is very, very well positioned.
That Zuckerberg is a little bent in the head. And Mustard Seeds- Where is my T-Bone?
“They’re like jack in the boxes that pop up and urinate in your face, just prior to detonating.”
This is why I come to this site every day.
How about,
“And, MRVL posted better than expected earnings. Now that’s a fucking upright walking pig with fleas.”
I’m still laughing the fuck out loud!
This is such a key moment for USA….If Fly gets his Bow Tie on this is really going to be ugly for me. US Dollar HAS to hold 75.00 and our 10 year a 3.0000% level. If all this doesn’t hold I will have to go and Redecorate my home like this months Chinese Home Beautiful, mainly, empty it out and go fill it with Copper, Gold and Cotton in the rooms. .
New Room Plans http://historysquared.com/wp-content/uploads/2011/03/image15.png
Penske Truck Rentals is a good one for you, especially on the weekend of the Indy 500. It is noted with subtle bemusement that your “my little dollar” is now US Dollar. The Vietnamese hooch style is conservative.
lol, Ruggyup, don’t need to even need to pull up the Self Moving Truck stats to know how horrible this is all getting, super ouch. For my “Little Dollar”…Well, no one else is carrying for the little green one that use to be great, it has been beatened up like a aging Micky Rourke….someone has to cheer for the underdog……also, lol, it is a bit conservative maybe if I throw in a eqyptian lamp to spice it up.
I am getting in on as we speak, lecturing children now about bailouts
The Kids do need to know about the Birds and the Bees…well actually more like the Doves and the Clams….learning how one is fu*ked is very important.
Fly look out, your WNR’s on fire!
While you are at it you may as well extend credit to Obama for being responsible for the taking down of Ratko Mladic.
“China is a Disgusting Place”
Flip this coin around when the dust falls you will have some great bargoons