It’s Awfully Hot On The Sun

The hottest stocks are cooling off the fastest. We are witnessing routs in some of the best stocks, from the innovative world of 3-d to solar, the elevator is decidedly down. This of course is typical of my recent foray into high beta names, such as SOL. The difference between then and now is my disposition of sheer complacency.

In many ways, I’ve become a Kamikaze pilot, aiming my zero down into some ships. It’s an exercize in futility, but it helps me sleep better at night. You must understand: after giving up 30% gains for two consecutive years and to see the same patterns present themselves now, I have no choice but to go completely mad.

November isn’t supposed to be a great month for stocks, just decent. One can make the argument that we’ve already had a decent run, so now it’s time to ‘taper off.’ In the logs of history, people only see the great indices marching higher. Little do they know, underneath the surface is displacement, disruption and carnage.

Some of my biggest draw-downs occured during the great dot com days, from 1998 to 2000. When it was all said and done, I made a King’s ransom. But, along the way, I was tossed into one lit fireplace after the next.

We are in the middle of a terrific bull run, spearheaded by cheap money and innovation. This is the “along the way” part that is loathsome. Make sure you can handle the downs, so that you can capitalize on the ups down the road.

ONVO is swooning lower this afternoon, following a 100,000 word essay as to why it is overvalued, published on Seeking Alpha. This gent, a Robert Pearson, went through great lengths to establish an argument for lower prices. As a matter of fact, he’s been trying to do so for months, all the while ONVO has spiraled higher–despite his worst intentions.

As I read this article, which was done with great care and detail, I pondered to myself “what sort of man spends this much time writing an article like this on a free site?” Aren’t any of you curious? He plainly states to be short ONVO and has been since July, so maybe he’s in desperate straights, bloodied up from the run up. Nevertheless, it’s a good life to lead indeed, a privileged one at the auxiliary offices of Seeking Alpha, knowing that a singular article can strike the fear of God into unsuspecting shareholders.

Just last week SA published a scathing review of TTS, sending its shares down to $12. Now they are above $17.

Now if you were the editor of Seeking Alpha and possessed the power to feature this article, designate it “editors pick”, knowing it would maul the shares, you wouldn’t tip anyone else off before it was published, would you? Calm down, I am not making accusations. I am merely having fun. It would be a hoot if we could peer into the online trading accounts of such editors, just to see if they’re making as big a killing as their readers.

As for Mr. Pearson, I hope he averaged up on his ONVO short before submitting the article to Seeking Alpha. Hell, we know he did, since he clearly states being short the stock in his article. What a wondrous, fail-proof, world–this Seeking Alpha, where dreams are made and others are shattered.

Lots of potholes in the market to be aware of, especially in the high growth tech space.

YELP was absolutely pummeled yesterday, yet looks fine today. I’ve been looking to get into CRTO for about a week and like the fact that’s it’s coming in a little today. Truth be told, The Turkey Gods are upon you. You may not know it and you may choose to live a life of lies, ignorance, and shame, but they are.

Investors cannot help but to buy stocks ahead of the great day of stuffing and cranned berried sauce. It’s in America’s best interest, bestowed to us by Sara Hale, to enjoy Thanksgiving and give praise to the bloodshed and carnage we set upon the hapless Indians occupying our future lands.

There are over 3,000 stocks in the market worthy of your attention. For the moment, I’ve chosen a handful.

I like RBCN, BALT, NSTG, SOL, BRCM and GIMO. Anyone who opposes my right to decadence via a relentless and ravenous appetite for low brow securities shall endure the pangs of my wrath.

I eagerly await the earnings of SOL.

Huge beat by TSL, standard practice in the solar space–by the way.

Trina Solar shares soar 12% following beat on earnings; raised FY13 shipment guidance

Trina Solar (TSL $18.20 +2.01) reported thrid quarter earnings of $0.14 per share, which is higher than expected, while revenues rose 84.0% year/year to $548.4 million which is higher than expected. Total shipments were 774.6 MW, compared to 646.6 MW in the second quarter of 2013 and 380.3 MW in the third quarter of 2012 (Q3 guidance was for shipments of $750-780 MW).

The sequential increase in shipments was primarily due to robust demand from China, driven by a series of incentives introduced by the Chinese government to stimulate domestic solar demand. In addition, the substantial increase in sales in Japan driven by strong demand and company efforts in that market also contributed to the increase in total revenue. Gross margin was 15.2%, compared to 11.6% in the second quarter of 2013.

“While average selling prices and polysilicon costs continue to stabilize in the third quarter, consolidation in the solar industry will also continue as it aligns more closely with supply. As a result of our ongoing efforts in improving our operational efficiency and controlling manufacturing costs, we achieved a further reduction in non-silicon costs, which contributed to notable quarter-on-quarter margin improvement” In the third quarter of 2013, the Company continued its efforts to reduce manufacturing costs, achieving a reduction of low single digit in percentage terms from a quarter ago. The sequential decrease in non-silicon manufacturing costs were primarily due to improved supply chain cost control, increased utilization of the Company’s in-house manufacturing capacities, as well as increases in the Company’s module efficiencies and improvements in its manufacturing processes.

Guidance: During the fourth quarter of 2013, the Company expects to ship between 760 MW to 790 MW of PV modules. The Company believes its overall gross margin for the fourth quarter, taking into account wafer and cell quantities outsourced from third party suppliers to meet demand in excess of its internal capacity and other needs will be in the mid-teens in percentage terms. For the full year 2013, the Company revises its previous PV module shipment guidance of between 2.3 GW and 2.4 GW to 2.58 GW and 2.62 GW.

CNBC has lost another institution from its stupid finance channel to the zealots at Fox. One has to wonder what the hell is going on at CNBC. Clearly, they’ve become the Pittsburgh Pirates of financial news, playing second fiddle to Fox. Apparently the policy at CNBC is to milk the brand for as much as they possibly can, while allowing one talent after the next, no matter the tenure, to be allowed to defect to the enemy.

Who is in charge at CNBC and how are they still employed?

After the passing of Mark Haines, I thought they’d make a sincere effort to retain talent, especially those with insight and connections, like Bartiromo and Gasparino. Instead, they’ve adopted a ‘scorched earth’ policy, allowing C-level arrogance to infect the culture and further denigrate an already damaged brand.

After Cramer and Faber defect, CNBC is all but dead.

Come on, you people are stupid. Carl Icahn says the market might fall and you all sell? Why do you think he said that? He wants three seats on your stupid board and wants you out as CEO. He’d rather pay less for your retarded company than more. Being flush with cash, after selling some of his NFLX position, he wants to buy back cheaper.

Plain and simple.

If I was in a $1.5 billion cash position, I’d tell you the apocalypse was ’round the corner and that by owning stocks you all but assure yourselves being eaten by werewolves.

For the day, I lost 0.7%, all thanks to that big bozo, Carl Icahn, telling jokes to the jokers on CNBC.

What’s the matter with all of you? You’re too rich to type into the computer now? I bet you all have servants reading the site for you, reporting what’s relevant or not. Well, guess what, if you’re not being utterly ashamed, in one form or another, this isn’t worth it for me. I’ll head off to Eastern Europe and roam amidst the rubble, in search for ancient secrets.

Markets are looking stupid and retarded. It’s like hitting all-time highs has given us down syndrome of something. The direction is sloppy and the breadth is disgusting.

Aside from BALT, my other stocks are up and I am green. Truth be told, I haven’t had a break out move in over 3 weeks, almost this entire run up. I made my money the olde fashioned way, then tried to blow it that way too, squandered on the dumbest stocks known to man. Since then, I took my losses and retooled the ship, fitted for war and piracy. However, I haven’t found my bounty just yet.

On the souls of JP Morgan and James Cramer, I shall have my bounty, one way or another.

As for you, start talking, else I’m gonna blow up this website with everyone in it, women, children, it doesn’t matter.

With JKS’s big beat this morning, I am as excited as excited could be, heading into earnings for SOL.

3-D stocks continue to gather momentum, as DDD and SSYS gear up for retail offerings.

Futures are up and the market looks good, coming off rip roaring Chinese-Heng Seng 3% rips–due to reform proposals.

There are so many things working for the market now, one hasn’t been China. If this chinese crap is for real, expect to see copper, iron ore, steel and dry bilkers run higher.

Other than that, I’ll reserve my comments until after seeing the market trade today.

So far, so good.

It just occurred to me that most of the people I know are either mentally unstable or deeply depressed individuals. Like most Americans, these people want more, whether it be love, money or power. Without it, their incessant struggle to achieve leaves them vacuous, empty souls in search of importance. You might know these people as “social climbers” or “go-getters.” I view them as trolls.

It’s always better to be feared than loved–because love wanes. Fear is something much more permanent and resolute.

Case in point: people love to make money in stocks, but fear losses. Notice how quickly gains vanish when fear kicks in.

Seeking Alpha is an insidious institution of fear. They purport and spread it via their staff of sophists. When they disseminate their mistake riddled reports, fear infects the brains of the weak-minded, the one’s in the stock for momentum and not fundamentals. Quickly they sell and a dominoe affect takes hold. They’ve issued one bad report after the next, from short YELP at $20 to AMBA to ‘SBUX isn’t going to complete their all-cash offer of TEA due to pesticides’ to CVV to FLTX and now to NQ, with amazing results. They’ve been wrong on every single thing they’ve reported, yet the misfits from Yahoo finance continue to find it in their good/liberal hearts to allow them to publish their crap on Yahoo’s news feed. Without the news feed, Seeking Alpha’s tentacles of financial terrorism would minimized and the world would be a better place for it.

Since when do the “bloggers” or hired hit men at Seeking Alpha care about their readers? When was the last time they were held to account for their scandalous charges, most astutely done during quiet periods, a time when companies are left defenseless?

They offer premium services that allow members to receive these dastardly market moving articles 24 hours in advance. You are witnessing a modern day boiler room in the making, a denizen of stock manipulators and promoters congregating in one disgusting place for the sole purpose of self-aggrandizement. They “mark you up” via subscriber fees, then fleece you sorely with perilous advice.

This post was paid for by the Grande Reclusive Order of the Knights of the Lambda Calculus. They just want to help a few guys/gals out.

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