Archive for the ‘Peddlers’ Category
LongorShort Capital Earns Nickname: Pretentious Prick Capital, aka Matt Damon In School Ties
I try to give the LongorShort Capital (LOSC), aka Pretentious Prick Capital (PP Capital) some exposure (seemingly much needed) and instead the dude rips on me?!?! Doesn’t understand why I’m still relevant (uhhh maybe cuz I detail all my mistakes—something nobody else in finance does and I’m willing to answer any AND all questions just as I post 40%+ returns in 5 months?!?!)
What a pompous ass…so typical…(unsurprisingly, this rich daddy’s boy also guest writes for that other pretentious finance rag Traitor Monthly) Welcome to why I want nothing to do with the joke that is the financial community…this guy is an embarrassment to both finance and blogging—basically whatever he touches he dishonors—no doubt he went to an Ivy League School as they’re breeding grounds for these kinds of pretentious pricks…like Matt Damon’s character in School Ties
JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates…
Remember how I said how everyone had an opinion on BSC the other day–shorts said “$2 is guaranteed by theFed”, longs said “no way this deal gets priced so low” and thanks to all the opinions BSC was priced somewhere in the middle @$6…now at $10, turns out the longs, the less popular opinion, were right, you should know what I’m gonna say next:
TIM Lesson: There’s NO way to gets the odds in your favor so never never never play mainstream Wall Street guessing games
UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone to the pic below:
Damn All You People Who Contribute To Market Randomness!
Do you every wonder why EVERYONE in the finance world has an opinion on stocks like Bear Stearns (BSC)? Sure, sure, BSC is big time and their collapse could lead to others, the whole domino effect, but why do people believe they can accurately judge the outcome? I think it’s just the latest example of how this industry—Wall Street and those who cover Wall Street—operates. And why you smaller investors/traders, like TIM, should have nothing to do with it! I’ll explain…
Look around at the most popular finance websites/blogs and you’ll see what I mean, TheStreet.com, Fool, Yahoo! Finance, CNBC, Marketwatch, FOX Business, Reuters, Bloomberg, Big Picture, Kedorsky, I could name these CRIMINALS all day. I say criminals because they’re all guilty—guilty of focusing their attention on popular, yet highly unpredictable situations, perpetrating the lie that makes everyone think the stock market is so difficult to understand. And they should be locked up. Or maybe just their fingers cut off and tongues cut out. Either or.
TIM Lesson: The vast majority of stock market randomness exists only in the most broadly covered topics!
Oh wait that actually makes some sense, doesn’t it? You’re damn right it does!
JPMorgan (JPM) Buying Bear Stearns (BSC) For $2 Per Share!
Forget $15 or $20. They’re only willing to pay $2 per share! Bear Stearns is now a penny stock 
. From this AP story
All I can say is wow, if the situation is really this bad, Lehman is done for, along with many other peddlers, too. This could get uglyyyyyyyyy
UPDATE: The Fed just cut 25 basis points, on a Sunday night!
UPDATE 2: Enough already, I’m posting what a dozen people emailed: THIS ARTICLE with Cramer saying “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.” The guy was wrong. He’s wrong more often than not. He’s in the entertainment business…like the WWE…he’s The Rock, his eyebrow trick is to act crazy. Welcome to reality. Those of you who trade/invest based on his pick, you deserve to lose. Think about it, would you listen to a stock pickgiven by The Rock? No, of course not!
UPDATE 3: Seen the video, Cramer’s talkin’ about Bear’s clients being safe, which he was right about, not the stock itself. Still, lots of envy out there, his haters will continue to have a field day with this…
Why Bear Stearns And Every Other Brokerage Are Nothing More Than Scummy Peddlers
Normally I shy away from writing about all the “established” stocks out there, companies like Bear Stearns (NYSE: BSC), especially when they’re covered by the WWF of financial media—CNBC (c’mon guys have me back on, I’ve been working on my eyebrow trick!!!) but this Saturday article speculating BSC will get taken over at $15 or lower or facing bankruptcy really hits home. Not because I have stock—I’d never—or because I know a bunch of people who work there—I know just a few (sorry, my heart truly goes out to you!!)…
No, I bring this tragedy up for three reasons—1) considering the stock tanked from $90 to $30 in less than a month, a $15 takeover will kill those who “bought the dip” on Friday, aka why you should NEVER buy falling knife chart patterns, especially financial / mortgage plays, 2) no matter the final buyout price / bankruptcy, it shows how quickly these “rock solid institutions” can come crashing down, aka they are nothing more than scummy peddlers
and 3) since stockholders are the last to get paid, you gotta realize “investing in a company” is a figment of your imagination, you’re doing nothing more than getting a receipt saying you’ve spent a ton of money on something that isn’t real, aka why it’s so dangerous to “invest” and you should instead think of stocks as chips on a table in Vegas.
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May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
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