Monday, May 28, 2007
Elections/Setting Up for an Asshat Award
So far, my weekend has gone exactly as planned. I have consumed many pounds of red meat, while washing it down with several high grade bottles of Bordeaux.
As you know, the one called "Cruxmonger" made a feeble attempt at weekend blogging, giving the internets no stock picks. Instead, he declares "do your own dd." What the fuck?
Hence, I give you elections aka revenge.
Also, I just watched Friday's Fast Money, where Jeff "the shineball" Macke is setting himself up for an "Asshat Award," declaring CWTR a good trade into earnings. Funny.
Now, I know Jeff specializes in the gay world of retail, but CWTR? Fuck that.
Aside from fat mountain bitches, no normal people dwell in CWTR's stores.
With that being said, the expectations are low and the company may find a way to paint this pig-- for one more quarter. Although, I doubt it.
Also, my local gas station just started selling Monster Java, which was invented to destroy the fuckers at Starbucks and their bottled Frappacino beverage.
"The Fly" feels Monster Java will be a huge success-- and HANS is doing a great job at stuffing their channels with more product.
Off to grill a swordfish.
NOTE: Should Cruxmonger be shitcanned?
UPDATE: It appears Cruxmonger is the unlucky participant of a reverse Saddam Hussein election, where 98% of the electorate vote one way. Truly amazing.
As you know, the one called "Cruxmonger" made a feeble attempt at weekend blogging, giving the internets no stock picks. Instead, he declares "do your own dd." What the fuck?
Hence, I give you elections aka revenge.
Also, I just watched Friday's Fast Money, where Jeff "the shineball" Macke is setting himself up for an "Asshat Award," declaring CWTR a good trade into earnings. Funny.
Now, I know Jeff specializes in the gay world of retail, but CWTR? Fuck that.
Aside from fat mountain bitches, no normal people dwell in CWTR's stores.
With that being said, the expectations are low and the company may find a way to paint this pig-- for one more quarter. Although, I doubt it.
Also, my local gas station just started selling Monster Java, which was invented to destroy the fuckers at Starbucks and their bottled Frappacino beverage.
"The Fly" feels Monster Java will be a huge success-- and HANS is doing a great job at stuffing their channels with more product.
Off to grill a swordfish.
NOTE: Should Cruxmonger be shitcanned?
UPDATE: It appears Cruxmonger is the unlucky participant of a reverse Saddam Hussein election, where 98% of the electorate vote one way. Truly amazing.
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I'll give him an E for effort. That tush pic gives him alot of slack.
I'd give him the option to resign first then fire his ass.
Never under-estimate the spending power of a fat gal.
I'd give him the option to resign first then fire his ass.
Never under-estimate the spending power of a fat gal.
I have warned you before about this swordfish diet. The mercury in the swordfish will dull your calculator like brain. Stick to the red meat.
Wood,
Fly is right. The longer the base the greater the ascending phase will be before topping out. I look for 2-3 year base break outs every day. They are tough too find, but extremely lucrative when they occur.
Fly is right. The longer the base the greater the ascending phase will be before topping out. I look for 2-3 year base break outs every day. They are tough too find, but extremely lucrative when they occur.
Hello Fly,
Belated B;day wishes. Just found this on MVIS thought you may be interested(I am sure you already seen this). Got it from Seeking Alpha.
Microvision Short Interest, Stock Price Continue To Reach New Heights
Ant & Sons submits: Courtesy of a new short squeeze stock blog, short interest numbers just released by the NASDAQ Stock Market show that short positions in Microvision Inc. (MVIS) are at the highest level in a year.
The short interest last summer hovered above 1.9 million shares for the most part, but has steadily increased each month, hitting a high of 4.17 million shares short during the month of April and declining slightly to 4.03 million shares in May. It's understandable when you look at a stock that has appreciated nearly 34% since the beginning of the year. The most obvious reason would be that some traders might want to use the opportunity to short sell to take advantage of an overpriced situation or a stock not trading in line with its valuation.
But neither of those arguments is applicable in this case. To add to your Microvision short positions at this time is just foolish and only bodes well for longs that just saw their stock hit another new 52-week high the other day. As we have discussed at length, the company's PicoP technology is what's driving the stock higher and a soon to be contract signed with a mobile cell maker is only reason to bid the stock up, not short sell it.
Generally, stocks with high short-interest ratios, or short interest relative to average trading volume tend to jump quite substantially during a short squeeze. Since average daily volume is just 605,436 shares a day, the 4.03 million share short positions is rather hefty, making up about 9.4% of the company's 43.05 million share publicly traded float.
The key ingredient missing here for the squeeze is a catalyst, but the contract should take care of that and investors will probably make out well banking on such a contract that would ensure a short squeeze leading to still higher prices.
Bye,
Bill
Belated B;day wishes. Just found this on MVIS thought you may be interested(I am sure you already seen this). Got it from Seeking Alpha.
Microvision Short Interest, Stock Price Continue To Reach New Heights
Ant & Sons submits: Courtesy of a new short squeeze stock blog, short interest numbers just released by the NASDAQ Stock Market show that short positions in Microvision Inc. (MVIS) are at the highest level in a year.
The short interest last summer hovered above 1.9 million shares for the most part, but has steadily increased each month, hitting a high of 4.17 million shares short during the month of April and declining slightly to 4.03 million shares in May. It's understandable when you look at a stock that has appreciated nearly 34% since the beginning of the year. The most obvious reason would be that some traders might want to use the opportunity to short sell to take advantage of an overpriced situation or a stock not trading in line with its valuation.
But neither of those arguments is applicable in this case. To add to your Microvision short positions at this time is just foolish and only bodes well for longs that just saw their stock hit another new 52-week high the other day. As we have discussed at length, the company's PicoP technology is what's driving the stock higher and a soon to be contract signed with a mobile cell maker is only reason to bid the stock up, not short sell it.
Generally, stocks with high short-interest ratios, or short interest relative to average trading volume tend to jump quite substantially during a short squeeze. Since average daily volume is just 605,436 shares a day, the 4.03 million share short positions is rather hefty, making up about 9.4% of the company's 43.05 million share publicly traded float.
The key ingredient missing here for the squeeze is a catalyst, but the contract should take care of that and investors will probably make out well banking on such a contract that would ensure a short squeeze leading to still higher prices.
Bye,
Bill
rbbalaji, the short interest is basically the same that it has been for the last 6 months. The average daily volume has decreased so the short interest has been inflated up to a cover ratio of 9.04 from 4.83. Unlike all the wannabe fly-brokers, I could care less about Microvision. MVIS’s fundamentals warrant the short interest.
Market Short Interest highest since 1931.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahMn3AUnD_CY&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahMn3AUnD_CY&refer=home
Brent, I understand about Hans and its base. I'm just busting fly's balls because everytime he buys it, it goes back into its trading range.
I will be a buyer if it can sustain a breakout.
I will be a buyer if it can sustain a breakout.
Hey Fly,
I hope you had a good b-day. Any way do you know how the cellphone makers stack up say based on market share? If you have specific numbers that would be helpful.
Thanks.
I hope you had a good b-day. Any way do you know how the cellphone makers stack up say based on market share? If you have specific numbers that would be helpful.
Thanks.
How are you to justify a company's previous five annual net income of (27,176), (26,163),(33,197),(28,183), and (23,984)?
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