Michael Comeau

Cramer Does It Again with CIT Call

Stops don't help when a stock gaps against you.


On Nov 02 09:38 AM kgeechee wrote:

> Your math skills are as bad as some of Cramer's stock picks. Double
> your money after a decline of 90% won't help much. Assume $10K invested,
> 90% decline to $1k doubled to $2k; I am not even; I'm $8k short.
> Double again at $4k and again at $8K and I'm getting closer; only
> $2K short now after 3 stellar picks in a row. Moral: forget the math
> (and spelling). Use protective trailing stops. Yes, sometimes you
> get closed out on an immediate 'short' run and the stock recovers
> to a decent profit. Those are the breaks. It won't happen often.

5 Reasons to Sell TheStreet.com

Hmmm, I'm surprised you guys didn't pick up the Ron Insana shenanigans:

www.longshorttrader.co...

Take Two Interactive and other companies taking risks, playing favorites with disclosures?

This is nothing new. It's been going on forever.

Cramer Plugs Insana: Seems There's Also a Bull Market in Bull

There was also some wacky stuff going on in their marketing of Lenny Dykstra:

www.longshorttrader.co...

Cramer Plugs Insana: Seems There's Also a Bull Market in Bull

I wrote about this months ago:

www.longshorttrader.co...

Is There a Need for Game Publishers Any More?

Developers can and often do retain IP ownership when another company publishes a game.

Activision's Modern Warfare 2 and Console Game Pricing

MW2 is also a monster on the charts already:

bit.ly/WqXuu

Activision's Modern Warfare 2 and Console Game Pricing

40% is way too aggressive of an estimate. Retailers pay about $48 for a $60 game.

Will Gaming Industry Drop Console Prices to Make Up for Losses?

Sony's in quite a pickle right now. Blu-ray won the format war over HD-DVD, but who cares? It just keeps the COGS on the PS3 very high, and developers like the easier-to-handle Xbox 360 quite a bit more.

Also, the currency issue is coming into question. If the dollar continues its downward trend against the yen, it will only magnify losses in the US.

Sony has lost this generation of the console war. A price cut is its only chance of success but it will come at a serious price. IMO, Microsoft should drop prices by $50 across the board to take share and crank up the heat - it has the balance sheet to eat a couple hundred million bucks.

More here: bit.ly/cpBxa

Game Sector Update: Ghostbusters Up, Ubisoft Down

I get the feeling that Ubisoft is trying to get out of the way of Modern Warfare 2. That game is just a damn monster.

Why Apple's iTouch Tablet Will Become Its Flagship Product

I don't understand the excitement over the 1.5 billion app sales. The vast majority of them are of the 99-cent variety.

Microsoft F4Q09 (Qtr End 6/30/09) Earnings Call Transcript

Yep, the attach rate for Premium Vista SKU's is collapsing. Was tempted to short DLB off MSFT's report but no need to rush.

Apple is just tearing them apart right now.


On Jul 24 07:39 AM Hedged In wrote:

> Here's the deal: Sales are shifting to cheap netbooks. Microsoft
> makes less on Windows for netbooks than on "premium" PCs. But the
> real threat is that Android or Linux or Chrome or any other free
> OS gets really attractive to a PC vendor selling a $200 hardware
> product. And if Microsoft loses that market, it's client business
> is toast.

Will Activision's World of Warcraft Successfully Make the Crossover to Film?

I don't know, movies based on video-games are definitely a mixed batch. I'm not a WoW fan, but the movie has a shot. If it's done well, WoW fans will go see it over and over. Might be tough to cross over, though.

Arbs Are at Play with Bankrate – Higher Price Likely

I'm actually considering buying out-of-the-money puts on Bankrate. If the deal somehow goes sour, the stock will collapse. Management said it has support of 24% of shareholders - if enough put up a stink over price (which I think is fair) this deal might not work. It's a low probability, high-reward potential event - might be worth throwing a few % of my portfolio in OTM puts.

Apple Scores Again

Good recap. I don't hold the stock - a perpetual watcher. If they would release a $799 Macbook I would load the boat up with way out-of-the-money call options. It really is amazing how well the Mac franchise is holding up in this economy - 13% unit growth in premium-rice notebooks is pretty impressive.

I don't see a Netbook, as I wrote on Minyanville:

bit.ly/15BPlk