Thomas Brown, Philosopher/ Bullish Bank Pundit, nailed the bottoms in MBIA Inc. [[MBI]] and Ambac Financial Group, Inc. [[ABK]] . I am not kidding. Regardless of whether he said to buy XYZ Corp. at $200 all the way to zero, he still nailed this call.
The market threw meatloaf at participants today, longs and shorts. It sort of screwed everyone, in one big pile—similar to the Iraqi prisoner pyramid pics. How gay.
Once again, shares of Vulcan Materials Company [[VMC]] confound me with buckshots to the face. I will be forced to chase this sucker up, averaging up on my shorts along the way. Equally gay.
The banks had a splendid day, led by the spastic retards at Fannie Mae [[FNM]] and Legg Mason, Inc. [[LM]] .
Most of my longs did well, including Hansen Natural Corporation [[HANS]] , The St. Joe Company [[JOE]] , Starbucks Corporation [[SBUX]] , Chipotle Mexican Grill, Inc. [[CMG]] , KB Home [[KBH]] , Microvision, Inc. [[MVIS]] , The Home Depot, Inc. [[HD]] and Credicorp Ltd. (USA) [[BAP]] . Sell offs in VeraSun Energy Corporation [[VSE]] , Clean Energy Fuels Corp. [[CLNE]] and a variety of my oil longs do not concern me.
One thing of serious note is the strength of the dollar versus yen. The recent strength is almost identical to the move up in the broader indices.
Can you say carry trade?
Putting money to work today, for a trade, I’d suggest taking a real good look at the military-industrial complex. Names like Lockheed Martin Corporation [[LMT]] , General Dynamics Corporation [[GD]] , AeroVironment, Inc. [[AVAV]] and American Science & Engineering, Inc. American Science & Engineering, Inc. [[ASEI]] are of great interest to me.
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Meatloaf is great
GD @ $92.5 is a buy….As you know all stocks in the 90’s go to $100
Bought some SLV and SRS today.
“The market threw meatloaf at participants today, longs and shorts. It sort of screwed everyone, in one big pile—similar to the Iraqi prisoner pyramid pics. How gay.”
What kind of Meds are you on son?
Don’t leave out TDY on your list of defense contractors.
It slices….it dices….it’s…the market!
Seeing MVIS on your long list made me think of another long term risk play I have – CPST.
I have a very tiny position in MVIS and after listening to the CC, the CEO must be the worst public speaker I have ever heard, I am waiting until CES to dump MVIS.
I have been following CPST for a year and I think the risk at this entry point is minimal compared to the reward. Just don’t fall in love with the stock.
COF sure looks like a beautiful breakdown and retest.
Anyone want some NFLX? http://gizmodo.com/5037161/netflixs-shipping-systems-have-been-fubared-since-tuesday
You probably saw it, but TB wrote a post criticizing the sell side for their pathetic analysis of MBIA’s 2Q and their continued unsupportable negative view.
http://www.bankstocks.com/ArticleViewer.aspx?ArticleID=5301&ArticleTypeID=2
got to love options week.
my latest prediction calls for andrew cuomo to file charges against NFLX.
ps:
CPST used to have products (of dubious quality) in search of a market. Turned out that there just weren’t that many people who wanted a noisy, inefficient turbine at their sites.
I followed them closely years ago. Just took a quick (i.e. extremely superficial) look at them now to see why anyone would buy the stock.
The products appear better today, and they are wisely focusing more on applications where the waste heat is put to use, but I don’t see them growing their way into profitability selling equipment directly. They need to be an OEM selling to the bigger companies that produce chillers and the like, and then shrink the rest of the company down to the appropriate size.
Is that the model they are working toward? If not, I’d avoid them.
Question to Tom Brown:
(Regarding the Financials) Why is it you’re right now, but you were wrong before?
Tom ~ “We can go back to March, and say, that should have been the bottom“.
http://finance.yahoo.com/tech-ticker/article/48212/Financial-Stocks-Have-Bottomed-Meredith-Whitney-Wrong?tickers=ubs,bac,jpm,gs,wb,c,leh
What a fucking idiot … I “should have” been right in March, after I had called my 10th bottom in this cycle! How do people like this end up on Wall Street. “Should Have”???
I wish I could get paid for being wrong for months, calling multiple bottoms.
Slow it Down
Bank longs are documented in their new lives.
http://www.liveleak.com/view?i=aa5_1198270956
Donny, agreed. Check out the Seeking Alpha comments section underneath his last few articles. He’s been torn to shreds.
Tommy boy recommended FMD as late as 11/30/07, when it was $30/share. Not so hot today.
http://vinvesting.com/vic-nyc-second-curve-capitals-tom-brown-loves-first-marblehead
Are we talking about Meat Loaf the band or Meatloaf the food (not that it matters)?
Senor Fly – short newspapers if it is not too late.
I’m a marblehead, you’re a marblehead, we’re all marbleheads.
FMD was egregious as egregious does.
i think i’ve got an idea of how the housing inventory is going to be dealt with…
USA moves – http://www.iht.com/articles/2008/08/15/europe/15poland.php
next move; Russia
http://www.latimes.com/classified/realestate/la-hmw-hotpropmcmahon14-2008aug14,0,6229599.story
Hey Donald – how about buying my cardboard box, squirrel head?
Guys like Ed McMahon fucking piss me off. Here’s a guy who had millions and now is fishing for nickels in pay phone coin return receptacles. That jackass should have just put his money in Treasuries. Long-term, short-term. What the fuck does it matter. If you can’t live on 3% of $10 million annually (and that’s probably a conservative figure), then you shouldn’t be allowed to manage your own money. He should have sent it to Junk Spread for allocation and proper deployment. What a fucking asshat.
Why do I even bother letting my wife talk me into watching this gymnastics shit? Anything with a smidgeon of subjectivity to it is going to hurt the Capitalist Running Dogs.
And these eleven year old Chinese girls that can do no wrong are getting on my last nerve as well.
Oh, and that Nastia chick is hot.
___
Jake, I agree totally. It made me sick watching the 14 year old Chinese girl competing against the USA. What’s with the judges cutting the Chinese all kinds of slack and then not giving us our due?
Nastia is hot. Please tell me she is 18. And the name..Nastia…wow.
Shed, even better… she’s 19.
One problem, Dad is ex-KGB.
He named her “Nastia” thinking that would keep the Flys away.
Naive Rooskie.
She is in the lead right now, btw. Fingers crossed, she deserves the win.
__
Nastia wins it.
I’m getting the poster.
__
Jake,
Make sure you get the laminated one. You know, the one that comes with the chamois included. It’ll last longer…
It’s always about “spreading the junk” with you, isn’t it Danny?
___
^^LOL. Laminated. That was funny.
Sorry, Jake. You deserved that one for oogling over a girl half your age.
No probems Dawg*, I gave him the set up didn’t I?
Sometimes you gotta be like May & Walsh around here, if ya know what I mean.
Oohh, another poster for my list ….
______
*(besides I got you on your own brog… har har har!)
JakeGint Says:
It’s always about “spreading the junk” with you, isn’t it Danny?
For the second damn time, I’m my own man. You scrotes should know better by now. I’m gonna tell you one more time. Here’s how you’ll know the difference between Danny and me: I’ll be the one posting funny shit and knowing what the fuck I’m talking about. Danny will be the other one…