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George Chadwick  

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  • Housing Worries Worsen [View article]
    See my blog and article from a couple of months ago, which addresses this issue. Of course, competing against Freddie and Fannie became a rather difficult proposition for loan originators who were trying to be responsible.

    Then the junk had to be repackaged. Goldman Sachs (one of the primary banks involved in the igniting of the debt crisis) was caught red-handed selling toxic derivatives to investors and governments all over the planet while at the same time betting against those derivatives on the market. Goldman even bet against mortgage securities the bank itself created.

    Now there is growing talk this week of a "mega-refi" program that could let homeowners refinance home loans more easily at lower rates. This has been largely sponsored by Bill Gross the PIMCO "bond king" most recently at a D.C. conference this week. He wouldn't be worried about a bond bubble would he? Perhaps they should change that company's name to PIMP-CO. They're clutching at straws to fix the Humpty Dumpty housing market.
    Aug 20, 2010. 12:11 AM | Likes Like |Link to Comment
  • Three Fertilizer Stocks Poised for Growth [View article]
    Your timing on the article was amazingly uncanny! There's another takover rumor mill grinding on X (U. S. Steel) mentioned on CNBC (nothing mentioned in Yahoo Finance yet). I posted on it a couple of times. Played it recently, and the price advance has been nice.
    Aug 18, 2010. 12:46 PM | Likes Like |Link to Comment
  • Why Taser Is Gaining Momentum [View article]
    Thanks for the link. Check out this action: 700 rounds per minute fully automatic pepper-ball weapon (a lot more effective and intimidating than a Taser). No wonder TASR stock is going in the tank!

    Here's a product demo of a semi-automatic pepper ball gun, that can also be loaded with glass breaking rounds for a standoff in a car for instance. Guns of the future will be able to switch between lethal and non-lethal modes, providing 4 or more choices. The weapon in this video is accurate and effective up to 60 feet.
    Jul 18, 2010. 03:38 AM | 1 Like Like |Link to Comment
  • Lorillard: Attractive at This Level [View article]
    Moving from LO to MO....nice up trend and holding up well in a nasty market (good relative strength). LO's chart look much like the overall market. I wonder what kind of premium LO would fetch. Any ideas?
    Jul 18, 2010. 03:05 AM | Likes Like |Link to Comment
  • Thoughts on the Markets, Sovereign Debt, The EU and the Right Time to Invest [View article]
    There is the "risk" of default evidenced by rising credit spreads. Yesterday I posted an article addressing the European sovereign debt crisis and bond bubble.
    May 23, 2010. 05:30 AM | Likes Like |Link to Comment
  • Freaked-Out Friday: Has CNBC Gone Too Far? [View article]
    And speaking of the current sentiment, on Thursday night the Seeking Alpha home page theme and graphics were exceedingly bearish, and there was even one graphic of a black hole, an abyss. The next day was a rip-snorting bear trap rally-back.
    May 22, 2010. 02:34 AM | 3 Likes Like |Link to Comment
  • Cirrus: The Best Derivative Trade on Apple? [View article]
    Thanks for the heads up. When they edited it, must have turned into a dead link. If you want to see the video you can go to and search for user "2525Maybach" (that's me) and see the personally uploaded videos. There's another one there entitled "Bearish Tech Stocks" and for those who are "long only" you can see the resistance levels for possible buys next week or later if and when the buyers come in. The stocks in that video are fast movers but with good volume, so consolidation in price movement is important.
    May 18, 2010. 10:37 AM | Likes Like |Link to Comment
  • Cirrus: The Best Derivative Trade on Apple? [View article]
    Yes, those two concepts should have been separated with a semicolon or something similar. Thanks.
    May 18, 2010. 10:03 AM | Likes Like |Link to Comment
  • Dumb Bank Regulation Is Good Regulation [View article]
    Thanks for a very well researched article which speaks to the heart of the financial crisis. As far as the actual people involved in the whole debacle, I think the operative word would be greedy as opposed to dumb. Greedy homeowners combined with greedy bankers was incendiary and catastrophic. See my comment from a couple of days ago which references two amazing books that personalizes this whole book just came out, and the other one came out last November.
    Mar 17, 2010. 10:07 AM | 1 Like Like |Link to Comment
  • Plug-In Vehicles: The First Great Fraud of the New Millennium [View article]
    In the 2009 book: Plug-In Electric Vehicles: What Role for Washington? (David Sandalow, editor) - the advocates of plug-ins (& we're not talking about Glade Plug-Ins!) seem to be counting on "advances in battery technology." Just plain old cost-benefit analysis: extra cost of about $8,000 per vehicle versus the supposed savings on "fuel" of $1.75 per gallon (assuming a current average price per gallon of $2.50), your break-even would be about 4500 gallons of gasoline. If you drive like I do (well over 20,000 miles per year) that would take about 57 months, or 4.76 years to break even. And that doesn't even take into consideration that I would have to stop every 40 miles to plug it in for 8 hours! I'd be better off with a moped (except in the winter, burrr!)

    And in the news: KB Home, a large US residential builder, is offering its new home customers pre-wired garages ready for plug-in cars. --Well, in cities like Pheonix builders still can't get a loan to build a new home. It may take another year to absorb the excess from THAT mess.

    Which brings me to another point: perhaps the first great fraud of the new millennium would be "toxic assets" and the complicated bonds all those home mortgages were packaged into that almost brought down the global economy. See: The Big Short: Inside the Doomsday Machine, by Michael Lewis (of Liar's Poker fame) that just came out. But probably The Greatest Trade Ever by Gregory Zuckerman is a better book overall, and it came out first.
    Mar 16, 2010. 06:51 AM | 4 Likes Like |Link to Comment
  • A Forgotten Tech Name Is Breaking Out [View article]
    Triple view charts:

    Short % of Float (as of 26-Feb-10): 12.40% - may be getting into a nice squeeze phase here!
    Mar 15, 2010. 02:56 AM | 1 Like Like |Link to Comment
  • Human Genome Sciences: Novel Product Line, Significant Debt Reduction [View article]
    Thanks. The ticker for Dollar Thrifty is DTG, and the bottom to top returns are even more impressive than HGSI. Triple view chart available at link below.
    Mar 14, 2010. 01:39 AM | Likes Like |Link to Comment
  • Human Genome Sciences: Novel Product Line, Significant Debt Reduction [View article]
    I think most people would have been very happy with a double or tiple play, but from under $1 to over $30 is absolutely amazing. We bought some "familiar" names for kids accounts in the first quarter of 2009. Similar experiences, but not as dramatic as HGSI.
    Mar 14, 2010. 01:35 AM | Likes Like |Link to Comment
  • Diabetes Decision Fuels Option Action [View article]
    AMLN finished with an interesting candlestick pattern called a "hanging man" at the top of an up move. (Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer. ) In the case of AMLN it is quite a long stick (wick).
    Mar 12, 2010. 01:03 AM | Likes Like |Link to Comment
  • Human Genome Sciences: Novel Product Line, Significant Debt Reduction [View article]
    Yes indeed! CNBC featured some of the best performers the day my HGSI article was published, and HGSI was at the top of the list with 5000% percent return.
    Mar 12, 2010. 12:37 AM | Likes Like |Link to Comment