The title to this segment is not a rhetorical question…it is an actual post on the yahoo message boards. It was in response to my call on VALE. I noted on CNBC Fast Money that VALE had closed below a key technical point in my view of $25.75, and merely stated that the change in base metal spot pricing from annual benchmarking to monthly could have a long term downside effect on VALE. Combined with any recognizable notification from China that the building bubble is bursting could cause VALE to see some critical mass downside behavior. As of today the stock is marginally higher closing yesterday at 26.64. So with China manufacturing pseudo positive news, and the market up almost 300 yesterday VALE still looks wounded to me, and I stick with my earlier synopsis that China could rock the stock. I will stipulate to the fact that I may be an idiot. On this point I will not offer a dissenting opinion, but my call on VALE is not one of the more compelling reasons to agree with that hypothesis. My decision to open myself up to the rantings of anonymous trolls who lurk behind screen names on free message boards is a much better reason. VALE is still a short in my humble idiotic opinion.
Tabacco you stupid -A $ $ -SHORT M O T H E R -F U @ K E R- Are you still shorting this you wanna be PIMP!
Ah the joy of having fans. It’s really rather comforting to wake up each day knowing that you are loved. I mean, of course I have always been loved by my friends, kids, wife, family, mom and stuff which is great, but the outpouring from new people truly warms the heart. I can’t even convey to you the warmth in my heart when I realize that I have a new fan or friend who enjoys my commentary. Now the previous VALE poster merely called me an idiot, which doesn’t make me completely feel the love. But the market genius who goes by the yahoo screen name OCTOBERFEST81, referring to me as a stupid a$$, mofo PIMP, now that is a true fan. Thank you, you slovenly bastions of stupidity. I appreciate the feedback, and ask that you continue to validate your smallness by hiding behind your screen name. There is no doubt that you are soon to be a contestant on “Caught on Videotape with Chris Hansen.”
Edmundo Braverman an Oasis in the Desert
Now not every message board maniac is a foul mouth uninformed JACKOFF. Some trading and investment communities/message boards have solid followings and make coherent, and insightful commentary to spur intellectual thought and debate. One example of this can be found on www.wallstreetoasis.com (Here). My Goldman commentary from yesterday received exactly that, some objective excellence from Edmundo.
Yes, friends, there is also positive feedback, and my commentary does also inspire intellectual feedback. I have been hearing from different sources that GS wants to settle and get this behind them, but the guys in the white hats want an admission of wrongdoing. It seems the stumbling block continues to be the age old out clause included in most big firm enforcement actions. It’s the ever popular, “without admitting or denying wrongdoing”. It seems GS will not agree to that, as it may open them up to years and billions in civil lawsuits, and the Regulators want to show the public that even though Goldman is never wrong when they prop trade, they are not immune from the long arm of the SEC. Stay tuned. To me GS showed that the stock has some sort of illness, in a huge up day the bellwether of the markets and especially the financials was down big. That tells me, as usual, they know something that the rest of the world doesn’t. I’d beware all financials. BIG SHORTS
GS - BAC - C - EFUT - ING
In the desert of foul mouth, moronic, bitter web-trollers, I thank Edmundo, and the community of the Wall Street Oasis, for being my oasis.
Notorious Short Sell Proponent and Locator interviewing John Gotti's Daughter - MAKES YOU WONDER DOESN'T IT?
If you take the word friends, and drop the ‘R’ you wind up with a word that much better describes this fringe portion of this new community of slugs that has begun following my commentary. For those of you looking for more reasons to hate me, here are a couple more names that are worthy or a short play
AIG ABK JSDA NFLX
Now as the owner of the online original content web content provider www.UBATV.com , I have interviewed hundreds of people over the years. But talk about stocks going down, and the web whackos will dig deep. Last year, when the jury was contemplating the Feds case against John Gotti Jr., they once again deadlocked, setting the former mobster free. A producer friend said that he could possibly get me an interview with Jr.’s sister Victoria Gotti, and of course, as it was national news, I was intrigued.
I thought it was a great interview, and she was polite, on point, and revealing. Now go on network TV and say that casino stocks are going down, and all of a sudden I am not just an idiot anymore, no, I’m a stupid A$$ MOFO. When people have no jobs and money, it’s hard to think casino business will be up. Talk about that, and the rank abuse goes to a whole new level.
Now it’s not just my intellect that is the subject, but it’s my ethnicity. Vowel at the end of the name, thick NYC accent, pinstripe suit, add a short call, and WALA…let the stereotyping begin.
I truly did not realize that the web connectivity was so good in trailer parks, but these LVS longs are so rabid that one obviously incestuous trailer park dweller left me this beautiful suggestion, “The new Mafia which has even more devastation than broken legs: It breaks lives and their families.Die you short half a wanna be mobster Die.” To my new friend yahoo freak “casvantage,” thank you for that. It is comforting to know I have fiends like you in my corner. HOT SHORTS
Well, no submissions yesterday in the flaming new hot shorts contest, the page is set up and the t-shirts have been ordered, now we just need some contestants. Yesterday’s plays from the hot short section did about as good as we did in garnering participation in the contest…weak. If you played them all you had a loss for the day, but with the markets up almost 3% the losing shorts only posted a 1% loss. So any downturn today should pick up that slack quick.
Here are today’s doozies:
RIG BIDU THO JOE ICO NFLX
Emerging Idea
With repeated discussion of the Global fear driving a flight to safety, for some reason, some market players that are prominently featured on network TV continue to talk up emerging markets. This is confounding to me, as any fissure in the simmering fault line of global uncertainty will chase investors from the fragile emerging markets straight into the USD. To that end, I have been seeing the ETF EEM pop up on the request list lately and I think this is telling me that shorts feel the flight to safety trade will smash emerging markets. Check it out let me know what you think.
Beware the markets today; weekends usually push net short overnight players to cover some tangential positions.
Going into next weeks Quadruple Witching the coincidence of EOD MOC covering may be amplified if bullshit positive news continues to slither through the prognosticators today. Although, with any hint of bad news, a low volume selling bout could crack the markets. This could be the first up week in a while, but don’t bet on it yet. I wouldn’t be surprised if the Black Box mob unleashes some late day selling to sap off any gains that exist for the week, and continue the weekly down trend. It used to be “Beware the Black Hand,” it may be these days “Beware the Black Box.”
Have a Great Weekend. Happy Trading.
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