O’bama drives republicans crazy, mainly due to his laughable resume and under qualifications to be President. Nonetheless, I must admit, “The O” has been good to “The Fly,” thus far. I did well during the Bush years too. However, despite making insane coin shorting stocks in 2008, I prefer making money going long, mainly because “I am into civilization surviving.”
Many of you throw child like fits over “The O,” with regards to his “communist ways” and health care death claw. I am one callous motherfucker. I don’t give a shit about health care. We’re all going to die one day anyway. Who gives a shit about health care? Man the fuck up and accept your future heart attack like a man.
Men wearing brown burlap sweaters, trimmed with royal blue satin ribbons, discuss real serious stuff on the internet. These people discuss matters of vast importance, as if people gave two gay camels about them. Like I said before, join a think tank and let the real men trade this market. We don’t need the likes of you mucking up our swagger, here on Wall St.
My point is this: forget about politics, for it is the sandbox of arm chair generals.
With regards to this market: Adding to my Ctrip.com International, Ltd. (ADR) [[CTRP]] position is paying immediate dividends today. And, once again, Green Mountain Coffee Roasters Inc. [[GMCR]] is squeezing higher. I’ve been visiting a ridiculous amount of stores in NYC, Staten Island and all over New Jersey this holiday season. Everywhere I go the clerks tell me they cannot stock the Keurig’s fast enough. My best guess, GMCR will blow the barnyard doors off eps estimates, sending the stock close to $100. At the point, I will likely sell a large portion of my position, then move onto something else.
At the moment, my top positions are Green Mountain Coffee Roasters Inc. [[GMCR]] , Sears Holdings Corporation [[SHLD]] , [[MWW]] , Lennar Corporation [[LEN]] and SandRidge Energy Inc. [[SD]] . In total, I am long 25 stocks, none representing more than 10% of my holdings. Going into the New Year, I intend to raise some cash, at least more than the 3% I have now.
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Indeud. FISAM.
Well said
The less fucking politics and the more stock posts on this site, the better.
All your leaders and their parties are equally gay fuckwads so no discussion is required.
Banking coin on the other hand will never be gay.
Why should you care about our politics, Canuckistanian?
We are only trying to avoid your gargantuan mistakes. For your sakes (as you draft off our system) you’d better hope we do so.
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I don’t but I get to hear about it here anyways thanks to a few people.
Our politians are also gay so we agree except for the avoiding part which is laughable.
Treu, your politicians are 100% ghey, and a cautionary example for us.
Despite your shitty healthcare system (described as “Cuba-like” by some honest Canucks I know), even the alleged “conservatives” cannot touch it, like the Naked Emperor it is, as it has enslaved your population.
The thing you gotta worry about is, if we go a similar route, your crappy system is forced even lower into the septic tank.
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Our problem is we need a two tier system where you get free lame care but can pay for better care. We currently have a shadow one to a certain degree but it’s really not fully implemented.
We have that in Australia. It sucks although the fuckers here love the system. t
Still auditioning for a guest spot on Fox News I see. Sad part is you’ve probably lost a lot of readers on your blog, since no one cares about your tin hat politics. The site is called ibankcoin, not ilovereaganscock
What does Zero (()) have to do with GMCR? Zero is fighting “global warming” and it is cold as hell! Zero is a zero, that’s all. How much money will be made when Zero turns the country into the Soviet Union?
I believe the wise men would have brought Jesus a Keurig, but one of them listened to JakeGint and brought gold instead. Not so wise after all.
LOL
BTW Gold is also always gay unless its a trade
LOL
BTW Gold is also always gay unless its just a trade
your 1st post sucked, but to re-post was funny dumb-ass
your banned from posting on the V.King blog
Let’s compare return records, Lumberjack-boy.
“For a trade” — lol. Asshats like you are making me rich.
Please, continue. “Socialism will work, and gold has been a shitty trade over the last ten years…”
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Oh, that’s right, we have no freaking idea what your picks and/or returns must be.
Your role here is reserved to “annoying gadfly.”
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Since Jan a very average 65% but I don’t have your big head so it all evens out in the end.
Well, I don’t know about the other fellahs here, but I certainly believe you.
That pile of sawdust flecked feces in your hands notwithstanding.
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hahaha
That’s what I get for commenting from a BB.
Shhhh
Needless to say, I disagreu, 100 percent.
You disregeurd politics at your great pereul.
Especially when the gummint has its hand in every pie these days.
For all you know, the fucking State Dept could go all plain vanilla ghey and make a giant Christmas present to the CIA and the Pentagon — “Keurigs for every cubicle!”
You know your boy the Socialist will sign the bill, George W-style.
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“Keurigs for every cubicle!”
LMFAO
I’ll assume your comment about my resume was in jest.
Added more GMCR yesterday. Also added more ISLN
The housing bubble is not finished bursting. More foreclosures to come. The major driver of future bank credit losses has been woefully underestimated, and thus the capital requirements of banks have been woefully underestimated. It seems that the government’s and banks’ logic is that we hide the losses long enough for banks to earn their way out of the hole, much like Japan did.
$304 billion (and counting) in Alt A and subprime losses that are still in the pipeline. There is a very strong chance that many other loan categories may outstrip subprime loans in terms of aggregate losses. It hasn’t happened yet, but the Alt-A category is hot on subprime’s heels.
Of course there are those that believe recovery is in the midst since the Case Shiller index is improving. I think the Case Shiller index does not capture true inventory price depreciation across investor related sales and bank “hold outs”, therefore prices will soon start dropping again, killing recovery rates and causing losses to spike even further.
I agree with TMoe, forclosures will spike into the new year. However, I’m going to be very cautious about assuming the same sort of carnage that we encountered the first time through will repeat itself. I’m looking for a subtle difference and won’t be touching any financial companies with the “short” end of the stick.
Cain
This is the trouble with these fuckers that have no understanding whatsoever of how stocks are valued and how certain parts of the income statement operates.
Bank provisioning is a really complex element of how they account. It’s also forward looking and if the stress tests did anything they forced the banks to model their potential losses at a certain level of unemployment, estimate the impact and then provide for anticipated losses. Hence the large recaps. I would argue that for the large banks their balance sheets are fine now. They may not be profitable and growing businesses but they aren’t going to implode.
The problem for the banks is that they are unable to leverage the way they used and so not be as profitable which may require a new multiple. However to compare them to the Japanese banks is just fucking bullshit.
It’s just a version of troofer bullshit.
werd!
Moe:
Take BAC: the market more or less understands that it has another perhaps $40 billion in write offs. We know that, it isn’t much of a surprise. What else can you add that’s new?
more or less understands, — — — I don’t think so. Remember the stress test? Well, in terms of unemployment, we are already breaching the worst case scenario projection of the government’s stress tests – two years into the future!
Future bank credit losses have been woefully underestimated IMO.
It’s all good moe, haven’t ya heard –
“We are not going to have a second wave of financial crisis,” Geithner said in an interview with National Public Radio. “We cannot afford to let the country live again with a risk that we are going to have another series of events like we had last year. That is not something that is acceptable.”
I’m not worried at all, HAL will save us.
hehehe
lol
At least it appears you’ve learned your lesson on HAL, pal.
3 feet high… and rising
Gee, I wonder how he thinks he can stop it?
(Chucka Chucka Chucka Chucka) “Pass the green ink, dammit!” (Chucka Chucka Chucka Chucka)
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Okay Moe:
Instead of talking in platitudes and moralizing tones… Give us the hard numbers. Predict BAC’s result for next year and lets see where they come in. Are you saying BAC loses money next year? How much per share?
The comparison with the Japanese banks is the worst example of truther bullshit . It was only after the Japanese banks were forced to recognize their losses that they did so in the latter part of the last decade. They hardly took any losses that would be remotely realistic before that and didn’t recap until they were forced by the regulator.
You’re talking ideological bullshit. You have no fucking idea and spout the worst of the truther stuff you pick up at the dark blogs and walk away thinking that’s deep analysis.
put your fucking balls on the the line and give us a per share estimate for BAC in 2010 and 2011. Go on. I fucking dare you.
EPS for BAC 2010 -.40
what you will find is that the 40 billion upcoming loss from BAC really is 120 billion….there is your surprise….enjoy.
and you know this by analyzing their $2 trillion portfolio, Artist?
they have $130 billion is level 3 assets, which are the too hard to value part of the portfolio. The market values those assets at 20% lower. Big fucking deal when they’re taking in around 10 billion per quarter of normalized earnings.
you guys don’t spout facts and figs, you spout a religious belief system.
It seems to me that you are the one spouting religious beliefs.
Nobody knows the ‘real’ L3 asset other than BAC exec’s, possibly not even them. You bringing out numbers of what BAC will make are pure speculation as there are million ways those numbers will be turned upside down, namely by the performance of the economy and to a lesser extent, possible nuclear explosion in a way of sovereign default.
It’s admirably that you put your dick on the line by bringing out these numbers but you will be off by at least 50%, if you are lucky!
You will be just as wrong in your earnings estimate of BAC. You might believe that you are providing “facts” but you are not! Facts are vastly unknown!
The banks are doing just what they did in Japan. kicking the can down the road and getting the fed to make this possible by increasing the value of the markets and affording them ‘free’ money. The unemployment numbers are far more important in the housing and we have yet to see if the rise in the market will have the effect of improving economy and unenmployment. My guess is that it won’t do to much since most of job loses are structural and might never come back, or at least not till a new industry develops.
On the subject of gold: I am still short but for a trade. Longer term I am still very bullish. To assume that the gold trade is over is to assume that the global economy will be in such a great shape going forward that all fiat addicted nations will cease all QE due to the fact thet the economy is so robust that it will pick up the slack and QE is no longer needed. A very LOOOOONG stretch. My bet is that QE and bailouts continue and possibly intensify globally, further eroding the faith in FIAT, hence drive up to the only real money.
Merry Christmas to all.
One further thought on the above. This is just speculation, but I believe that once this healthcare bill is passed, Obama will focus on the big banks, mostly because he wants to get the second term and he realizes that the general populus are very ANGRY with the banks and the way the gov. has thrown the wealthfare of the country in the bowl of few psychopaths who could’t care less about the country. Something along these lines will happen in ’10 and it will have large implications on the large banks. It truly is sickening that the TBTF are BIGGER now than they were 2 years ago!
On the healthcare itself: I do understand the view that the republicans repeatedly mention but I submit that all of these people fighting tooth and nail against this bill (granted it’s a shitty bill) have never been poor and don’t see the other side. The side that there are a large group of impoverished parents, namely mothers, that cant afford to take their kid to the doctor!
I understand that based solely form capitalist POV, this is insignificant/irrelevant but we have to remember that these people are the future of our nation and we ought to take better care of them as opposed to providing the ‘state of the art’ healthcare for a small % of very wealth people in their last two years of their lives, who by the way destroy their health by eating read meat and drinking themselves sensless. The fabric of the society is in the line. One can make the same argument. point-by-point about illegal immigrants. They are never going to their impoverished land they have been born in. They are a part of our society and part of our future. Lets acknowledge this.
after healthcare, Obama will NOT focus on the banks. That’s sooooo 2009…
he will take a week off.. that’s what he will be focusing on. a fucking holiday.. at least.. i hope.. for his sanity sake..
“I am into civilization surviving.”
-No matter what happens it is in our nature to survive. However the success of survival is based upon what you learn from the stress of near death experiences. Thus far the politics have not changed and no lessons have been learned.
Instead of truly fixing problems we have high I.Q. fuckers sitting in think tanks trying to manipulate data so the appearance looks healthy.
For now though we climb higher on better expectations and some decent earnings next Q.
is anyone watching bloomberg tv? margaret brennan is either reading her teleprompter while barely concealing her contempt or she’s just completely inept. i don’t remember her being particularly bad on CNBC, but maybe her poor showing was diminished by her lackluster colleagues.
i wonder if bloomberg has a deliberately slower teleprompter, because this blonde is pretty terrible, too.
They prolly slow it down for all the ESL Hostesses.
Engrish can be tricky if your first language is Mandarin. That shit probably blows by in Bloomberg-Asia ‘prompters.
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too funny…
Jake Gint for Sec. of Cool-ness…
Isn’t there some soft porn you should be posting right about now?
65% your a joke…now go clean dad’s drive-way before he get’s home jr.
Come on P. King, tell us how well you did
Jakegint for Secretary for Coffee Relations.
A Keurig in EVERY Cubicle at H&HS!!
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My vote for best “Celebrity Death Match -2009”? Fly vs. Jake. Thanks from ovah heah!
how about an undercard of you sucking off cuervo and when you’re done i stab both of you to death with a regular screw-driver?
Have a bad knight last night? So sorry.
BTW V.King, Merry Christmas to you and your family.
v king – I can’t believe your not banned yet.
You know Mojo has a k-cupper at the ‘summer residence’, no?
Saw them at Tar-jay yesterday for $99 and the ‘minature'(?) for $89. Though HH Greg (took over the circuit city stores down here) didn’t carry them.
I did not know she had one… why was she using the old brewer then?
I have not seen prices that low… even at Costco they were still $129.
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Rustbelt prices be damned!
She had it at the house but didn’t know how to use it… so used the regular thing.
BML.H…….$19 ???
Earlier this morning TMoe shorts MS at 29.70. Looking to play their exposure to CRE, which remains high even after they returned some of their holdings to lenders.
Moe:
Their exposure to CRE was $6.3 billion before june on which they have taken 3 billion in writedowns since then. If you think it’s heading lower because you feel that way: Fine. However if you’re trading on facts get the facts straight as they have surplus capital now.
Wells Fargo repays TARP. Well of course as treasury allowed the banks to push their writedowns down the road
one day the “pushing writedowns down the road” will end….and then we will see the real face of this.
Perhaps, but the ‘real face’ will actually just be John Travolta with the real-face-mask of Nicholas Cage…
remember that the “real face” just had millions vanish thru Madoff?
Fly, I assume you earn more than $250k per year; in 2011 you will see an overall tax increase of 10%. Just sayin’.
And that’s not even including garbage inspector fines, and new NYS levees.
My poor New York is becoming Brazil (the movie, not the country… ironically, Brasil the country is getting better.)
+_+_+_+_+_+_+_
buy 10,000 ABAT
http://ibankcoin.com/henry_fool/2009/12/23/buy-10000-abat/
I like the sound of that!
I’m getting the hell out of ny in 2010.
maybe you should move back to Neptune.
Uranus, AK
Thought you moved already. No?
Ok, I have 10K to throw down today…GMCR or UNG. Which is your vote? I am going for the wisdom of the crowd here and really will do whatever the group says…besides its only 10K and if I get down more than 7% I am out.
GOLD
UNG.
Feels cold in NY.
Or go buy yourself some POT.
GMCR is probably the better bet, as UNG and the natty space have already gotten under way.
Or you could buy PNY, to the tune of my portfolio….just saying….
Doesnt count
Just so I am clear on healthcare:
We are going to reduce costs by taxing everyone…
right…
Absolutely. As everyone knows, taxing retards the economy, reducing demand across all sectors and in turn, reducing the cost! Whoopee!
And by making every known condition under the sun insurable, and by increasing demand and decreasing supply.
yup 3% cash is way low.
Let me get this straight… The Fly is long GMRC to the tune of 26,0000shrs at an average cost of $64.20 according to his Fly Buys. That is $16.6 Million and his largest position is not more than 10% of his portfolio? So your portfolio is at least $166 million. And you are drinking fucking instant Coffee, from a god damn $100 hunk of plastic? What the fuck!! My portfolio is less than half of that, and I have my coffee served to me in golden cups from between the breasts of painted ladies.
Fly you are one hardened grunt if you are still willing to drink your coffee like a white collar grunt. But I must say, long live the Keurig and GMRC, cause my 3,000 shares are from November of 08′ when I was told that the K-Cup was the wave of the future. I figured it was just big titties that fit in a K-Cup, but I bought the stock anyways. Sometimes its just better to be lucky than good, or even a space alien with a time machine.
“My portfolio is less than half of that,…” Lets see, even $2000. fits that description. Are you sure you’re qualified to speak?
Math is not your strong point.
I have accountants for that…
I hope those “golden cups” are insulated….you know…just thinking of the well being of the painted ladies….
Factcheck.orgy
Your portfolio = BS five figure account
Your portfolio is < .5 x $166 million.
Treu Statement.
Well done.
Actually, 26,000shrs X $64.2 is only $1.6 million, so that makes the Fly only 1/10th as rich as I thought he was. With a total portfolio of only $16 million or so he is practically broke. Therefore drinking instant from a Keurig makes sense. Long Live the Fly.
i think it was that misplaced comma that threu (sic) you off
Monsieur Le Fly i must give you due credit — this GMCR is treating me quite nicely. I have to admit i suffered some initial doubts after watching it fall 5 points immediately after purchasing at 64, but since then it has treated me well. No question I will stay in until earnings because I think you’re right, they are likely to crush estimates. It’s the perfect gift, gadget, and Gizmo.
I also had the fortuitousness of picking up 10 Jan 75 CTRP’s this morning…
If this Santa Claus rally keeps clawing higher right into 12/31, i too am gonna get damn neutral going into January.
Ho ho ho.
Flyblog is to bus stop as PPT is to country club.
Christ, when did the comments section become such a circle jerk?
As someone above said, it’s “iBankCoin” not “iLoveRegansCock”.
Man up you queers: ppt.ibankcoin.com
Back to civilization for me…
Bot 5000 FTR @ $7.74
13% dividend, chart looks great, etc.
please let everyone know what’s going on with this stock over on the V.King