It was a decent day for the market, with exception to my positions. My largest holding, VHC, continues to bleed out–day in and day out. I am down just 1% on the stock, so I started to liquidate. I understand the trial is going well, and that’s all fine and good. But if the longs (listen to me) can’t hold their ground here, with 38% of the shares sold short, I’m afraid this stock is destined for the trash heap of society.
I’m entitled to change my mind about things, aren’t I? Why aren’t the shorts covering into the verdict? Moreover, why aren’t the longs defending their baby?
Answer: the shareholder base is fickle, like a woman in a fucking shoe store. You can expect me to liquidate more of my position, but not all, during the week.
Surprisingly, my best performing stocks are my biggest losers, DECK and FFIV. And, of course, coal reigns supreme via ANR.
YELP is getting smashed. Should it tick lower, I might buy it back.
Finally, I’m in the process of getting my ship in order (no OSG). To do that, I need to liquidate most of my positions and transition into new ones.
For the day, I was up 0.25%.
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YELP got my attention today too. I’ll buy 16.75 but not a penny higher. And I may not even buy 16.75.
Zillow getting corrected a/h.
no shining
As some of you know I am running for a seat on the West Windsor Township Council. Please be a mensch and vote for me.
However, sometimes I wonder why I allowed my good neighbor Fly to be my campaign manager. He chose my campaign song to be Gangham Style and now Mayor Shing -Fu Hsueh refuses my calls.
It was also Fly who wanted to change the location of the Italian-American Fesival from Mercer Park to his backyard and charge a $20 entrance fee. It was also Fly who wanted me to promote taking $300,000 from the budget for snow removal and “Dinky Train” subsidies for PPT subscriptions for residents.
Please ignore my campagin mamager Fly and vote for me.
PS Fly- Please return the generators to County surplus.
Hope the campaign is going well. Moved out of West Windsor after the Martians landed in Grovers Mill, but I will vote for you anyway.
Don’t forget to take a pair of earplugs along to the meetings so you don’t have to listen to all of the bitching. And say hello to Mayor Hsueh; his daughter taught my daughter Chinese.
I think many of the VHC longs already own TOO MUCH and that is why you are not seeing much buying pressure here from them. I’d also venture a guess that the Longs are not selling much at this point either, since we are at the finish line of this thing. Maybe lightening up a little, just in case, but, probably not big sells. The short position is still enormous in this name, so a positive verdict sends this to the races – the sky is the limit here. CSCO settlement would be next.
Fly,
Is the Devil selling some too?
Thanks!
No
Banks traded like shit today. These would get hit if the 0 wins, right?
Correct. The TBTF banks are supporting Romney this time around so he would be beholden to them. This means he would be even more extreme than Obama has been in allowing them to rob taxpayers & consumers blind in any way they choose, while being immune to prosecution.
The 0 is beholden to buying votes thru social programs. Have you heard of the problems in Greece, Frog? Sooner or later the socialist runs out of other peoples money.
They are both beholden to people they shouldn’t be beholden to. I don’t agree with everything in this article but it makes it clear that everyone voting for a major party candidate is trying to figure out the lesser of 2 evils.
http://ericpetersautos.com/2012/11/05/tomorrows-selection/?
And it is a myth that Republicans spend less & shrink government. Neither party does this. The Repubs talk about it, but neiher pary does it.
http://www.rollingstone.com/politics/blogs/taibblog/hurricane-sandy-and-the-myth-of-the-big-government-vs-small-government-debate-20121101
BTW, welfare for the rich is far more expensive than welfare for the poor. One could add up the subsidies to oil companies, the military industrial complex income from unnecessary wars, & the cost of the tax breaks & various benefits given by the goverrnent to all kinds of huge mega-corporations– not to mention bank & car company bailouts. This dwarfs the subsidies given to the poor many times over. That’s why Taibbi notes that Bush spent more government money than any pres before him. And so will the next pres, whichever one he is.
It does no good to temporarily lower your taxes, as R promises. Eventually they will go up to pay off all this spending.
An electable 3rd party candidate is sorely needed.
Fuck your endless articles. I know what the fuck i know. The gentlemen of society do not need propaganda to think. Wake up Frog. Try using that empty space between your ears.
You don’t know shit and prove it every day.
Coming from an oil man that is a 0 diehard?!? Compliment taken.
Fake Amish, everything is not Left Wing or Right Wing propaganda. Some things are true. I guess you know what you know & can not be influenced by facts.
The kind of beliefs you are influenced by are the same kinds of beliefs that are on Fox News– whether you personally watch that station or not. If you did care about facts, you would read some of these 600 plus fact checks below of the kinds of beliefs propagated by places like Fox News. Amazing that a guy born in Australia constantly brainwashes the people who call themselves “real Americans” but no one objects.
http://factcheck.org/archives/search-results/?cx=000672474746801930868%3Aa87hh_euyka&cof=FORID%3A11%3BNB%3A1&ie=UTF-8&q=Fox+News&sa=Search&siteurl=http%3A%2F%2Ffactcheck.org%2F
Murdoch also now owns the Wall Street Journal, BTW.
Last reply to this election bullshit. The hallowed halls must want to ban us both. Look Frog! There is no perfect candidate there never will be. One can understand how the human condition leads to fucked up dictators or socialists or fascists or any cocksucker whos only job is to tell us how to live think and die. Fuck that guy. Rombot is the fuck socialism candidate this time around the carousel.
Taibbi constantly knocks it out of the park. Forget about being left or right, just the subject matter is important.
Too many Repubs have this odd Randian belief that having any government in your life it all is somehow a sign of weakness…failing to see how the government keeps us alive on a daily basis. Idiotic pear-shaped losers, rolling around on scooters with an oxygen tube in their nose, complaining about the government holding them back from greatness.
Just look at a US map of the red states vs blue states. Notice a pattern? Lowest IQs, most religious, least technologically developed, most obesity…
You’re right, we should all be more like the beach bums and pot smoking hippies in California who have no job except to bitch and moan about anything and everything. Municipalities going bankrupt left and right. You want to see where the left will take you? Look no further.
It’s too bad your elitist attitude prohibits you from seeing this.
Here’s a little story about too much government. Try building a conference room with glass windows and a glass sliding door – you can’t because apparently it’s a fire hazard. Never mind all of the other offices with glass sliding doors, the conference room on the first floor needs to have a hinged door in case of a fire. Fuck the guys in the upstairs offices, they get trapped inside their sliding glass doors and burn to death.
Yeah, he’s been so bad for the oil and gas companies that revenues and net incomes are above pre-crisis highs. He’s curtailed drilling so much that US crude oil production has increased 15% since 2008. Gas production… up 6%.
I don’t think the industry can survive another four years of these failed policies. That last bit was sarcarsm, you moron.
you a coal man thru and thru????????? (the election that is)
That clip was hilarious. Did you rent the movie from an online streaming service or do you have a link where it’s free (no pirate)?
itunes
good job
Coal news… Obama planning post election anti coal regulation.
http://washingtonexaminer.com/november-surprise-epa-planning-major-post-election-anti-coal-regulation/article/2512538#.UJhe-mt5mK0
Frog, you must watch Fox News all friggin day, as much as you talk about it.
Anyone wants to play the dark side with me through TZA and FAZ mobile as election might be a huge flop…
Look look I can be crazy too 🙂
Listen if 3 people having a hard time getting along in blog comments what are the chances president can be elected?
next few days might be pretty volatile
I’ve been long TZA and VXX for quite some time now. Between now and the Fiscal Cliff, I expect turbulence and volatility. Then I expect an outright crash.
You can imagine, having freshly lost the elections, how well the Republicans are going to behave during FC negotiations.
I only daytrade these, holding these long is so 2008.. for me anyway.
FC will be just another can kicking IMO.