Back in the old dot com days I used to trade in and out of a bullshit company named Broadvision. The bubble burst and the share price “corrected” (think The Shining), sending BVSN into a permanent state of irrelevancy–until now.
By the magic of criminal stock manipulation, the share price of BVSN has tripled in recent weeks on zero news. Well, there was news, but it had nothing to do with the company. TIM posted a shockingly competent post regarding the foolishness that is BVSN and I cringe at having to link to his blog; but it’s worth a read.
Moving on.
When the market goes up the way it has in recent weeks, everyone wants to get in. Generally speaking, people chase momentum and sell into fear. More often than not, especially in recent years, this has been the inverse of what you should be doing. I am just as guilty as many of you. When the new year began I was 50% cash and now I have 15%. I’ve taken it upon myself to position into heavily shorted stocks with the belief that short sellers will capitulate, cover, and die in agony, whilst I flick my cigar ashes at their carcasses.
The truth of the matter is, the market is in danger of hurting me again. We’ve had a big run and I am positioned too aggressively. I am up around 7.5% for the year and within 4% of my all-time highs.
On the other hand, perhaps the market is due to break out to the upside. After all, the economy seems to be improving and housing might be firming up. Should Europe rescue itself through sheer lunacy, this market might go parabolic, BVSN, to the upside, grape-raping bears until their fucking faces fall off.
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NIA – National Inflation Association has been pumping this for a few weeks now.
seems evry stock they released they purchased is on the run.
How nice of them.
How does BVSN mesh with their inflationary outlook?
from Jan 8/12
NIA is very pleased that its latest stock suggestion BroadVision Inc. (BVSN) closed last week at $12.71 for a gain of 53% since NIA first suggested it on December 12th at $8.31. NIA considers BVSN to be the best looking stock in the whole entire market right now and believes that its run is only at the very early stages. Those who missed out on BVSN so far need to realize that all BVSN has done is rise back up to its cash position. NIA believes BVSN’s largest gains are still to come in the upcoming weeks as the stock finally begins to receive value for their Clearvale enterprise social networking platform that NIA believes will lead the industry along with competitors JIVE and Lithium.
*almost daily updates since then*
Yikes, that doesn’t sound TOO much like a pump and dump program.
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Wow. What a crock of shit.
LOL. Love your name for the above graph (hover your mouse over it to see).
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XLA should have a run bringing back the “good old days” of eye popping stock gains. Also throw in five or six rapid fire stock splits for good measure.
Indeud…
Fairholme up 13.3% YTD! Berkowitz talked down off the ledge.
Too bad no shares available to short. I think Sykes and his crew are well positioned to make a big coin whe this SHIAT tanks.
http://maxkeiser.com/2011/05/26/schiffreport-national-inflation-association-co-founder-admits-nia-is-a-fraud/
ECA and UNG are cranking today…
Maybe natural gas is not free after all
What come first on the Nasdaq?
2805 or 2705