Ara K. Hovnanian, CEO, Hovnanian Enterprises
First of all, that weird dude from [[HOV]] is a fucking liar, saying the bottom for the housing market will occur in late 2008. He has no time machine and has not won a championship in many years.
On the bull side, I can see [[RIMM]] melting up to $120+. Really, there is a massive squeeze occurring and little reason to sell the stock, considering they just guided up.
As expected, [[WBD]] is sprinting higher. Russia is corrupt. Therefore, Russian stocks are corrupt. To me, that seems like a viable investment approach, while planning my WBD trades. For now, I have a small position in the fucker, waiting for more corruption.
[[NTRI]] is going to $10. They blow. [[DCR]] will go to $20, providing oil goes to $80. [[LEH]] will be in the 40’s, shortly.And, finally, should the market rally, [[FMCN]] may be good for 7 points of upside.
Nonetheless, I’m still bearish and hope for the country of New Zealand to be invaded by aggressive, yet patentless, space invaders.
UPDATE: Fuck large buildings, via [[SRS]].
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Fly,
You still holding SMN?
Fed minutes statement said they expect commodities to go down…
yes. SMN is my enemy.
riles….that is fucking perfect.
fly wins again.
The Riley / Hov thing…..brilliant!
Any thoughts on gold here?
CHEERS!
D
SMN is going to be money…mark my words…fuckin bubble…Leading fundamentals does not justify such high prices…You seen the fuckin chart? Its worse than Shanghai…
You should hedge long with gold miners…
Don’t be a chickenshit…you damn chickenshit…POCOW!!
“Love thy Enemy” – JC
Damn it u making me depressed…
Off to KFC…
12,300 on the Dow showing big support
LOL
perfect
Mr. Fly – a massive squeeze in RIMM, so would buying AAPL be a good play on this? I sold all my RIMM longs this morning at the opening.
I guess BSC is the best investment bank there is, just fucking up their bullshit competitors like GS in the chart race. BSC you are the best, in holding up your shares while smoking Jimmy dumps a little more of his position. Fuck you BSC, get ready to get some cab licenses for the traders you got there, douchebags.
btw.. CRM fuck you too, filthy pigs. your day with the gallows is already scheduled, and between now and 27, you will be gettink a chunk of pig taken out of you on a daily basis.
Shut up you fool. BSC is down like 60% since my last birthday.
BSC is an overpriced pig, they have no more business, nor money to underwrite anything.
Those cab licenses ain’t cheap. Something like $400k+ a medallion.
You might be better off with “cushy severance.”
excellent post, monsieur mouche
amen
especially the part about impotent aliens punching new zealands moustachio off & fucking large buildings via SRS
Holy shitbot, feeling pretty good about dumping all that VDSI a couple of months back… now wish I’d shorted it!
Heh. The only good thing you could say about the VDSI earnings release is that it didn’t leak out in advance.
never contradict me or I am doing a takeover of your own blog!
Bear Stearns tops Zacks’ stock picker ranking in 2007
NEW YORK, Feb 21 (Reuters) – Bear Stearns was the No. 1 stock picker in the second half of 2007, according to Zacks Investment Research’s ranking published on Thursday, showing twice the returns of its nearest competitor Goldman Sachs .
Of the thirteen firms ranked by the performance of their U.S. model portfolios, only three posted positive returns, with Morgan Keegan ranking last with a negative 17.3 percent.
For the second half of 2007, Bear Stearns took the top spot with a 12.08 percent total return. Goldman Sachs took second place with 5.04 percent and Morgan Stanley took third place with 1.71 percent.
That compares with an S&P total return of negative 1.37 percent.
“In a year where many factors came together to negatively impact stocks, not the least of which was volatility and the market struggled to post a profit, investors became increasingly nervous over the direction of the market,” Zacks wrote in a release, “This made stock picking difficult to say the least.”
The Zacks’ survey also showed that the firms that moved into large cap, defensive stocks from small caps in the second half of the year, posted better returns than those who didn’t.
The model portfolios are made up of all the U.S. traded equities, including ADRs, that analysts at the brokers produce recommendations on.
Zacks calculates the performance of the brokerage model portfolios it tracks on an equal-weighted basis. Total return performance figures include stock price changes, dividends and hypothetical trading commissions for each change in the portfolios.
For the full year, the same brokers took the top spots.
Bear Stearns again placed first, with a 21.98 percent total return. Goldman Sachs posted a total return of 16.76 percent, while Morgan Stanley was third with a 12.01 percent return.
(Reporting by Kristina Cooke. Editing by Richard Satran)
(([email protected]; +1 646 223 6154; Reuters Messaging:rm://[email protected])) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)) Keywords: USA STOCKS/BROKERRANKINGS
Calvino is John McCain
Fuck CROX and all the lemmings who got cute and bought this morning.
NTQ is a SPAC with a deal to be voted on to acquire a California refinery. The deal looks somewhere between fairly valued to slightly rich relative to TSO, VLO, etc., so I don’t find it particularly interesting.
But what I do find interesting is the four year warrants are currently trading at $0.53 and have an exercise price of $7.50. However, the stock is trading at $9.50. The warrants won’t be exerciseable until shareholders approve the acquistion, or 13 months after the SPAC was brought public, whichever some first, so maybe that’s why there appears to be about $1.50 of arb opportunity.
Even so, there are enough arbfuckers in there (Fir Tree, Highfields, Satellite, Millennium) that I don’t understand why they aren’t buying up the warrants and shorting the stock to lock in the risk free $1.50 per share once the warrants become exerciseable. I must be missing something.
Anybody know what it is?
Where’s AlphaDawg?
I need him to drag the bloody carcas of Junior Sample and his jug band out of here.
Pud — what’s the risk (regulatory, financing, etc) that the deal won’t close, and is it worth $1.50 of insurance?
Jake: you’re long the warrant and short the stock. If the deal breaks and the stock collapes, even better.
The only thing I can think is that the SPAC already has approximately $9.50 of value in it (ie, interest built up from the intital raise, I think they have to put it in a note or something), and so will not collapse upon a deal not getting done, but will rather stay at that approximate level. The warrants, unexcercisable with no deal, get the shaft, and you’re out fitty cent.
Sometimes people buy these SPACs at a discount to book because they know the managers only have “X” days to a mandatory distribution of the original proceeds.
I think it’s usually eighteen to twenty four months.
Do you think SWC and PAL will go much higher? Crazy action going on here…
That’s probably it, Jake. Thanks.
They’re holding about $9.30 cash/share in trust (excluding accrued interest), so the stock won’t go much lower than that if the deal breaks.
The warrants have been destroyed in the past month or so. Maybe that’s an expression that people think the deal isn’t a good one and may not get shareholder approval.
Ah, so. Sounds like the arb is in the stock, maybe, not the warrants.
New Sticker for Dino Trader’s blogsite.
“It is what it is,” after all.
That sticker is funny.
Wait till the Clintons start playing dirty.
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