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Moon Kil Woong  

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Latest  |  Highest rated
  • Why I'm Buying IBM Hand Over Fist [View article]
    She is not bad given the problems IBM has been faced with and how badly it needs to turn around despite its huge advantages in patents and technology. Sadly it still needs a lot of turning around and is still hemorrhaging, thus its price which is reasonable. It's its competitors overvaluation that makes it look cheap.

    Buying here is not bad in the long run, but I still feel there is plenty of chances it stock price keeps dipping in the short term. Like most tech, it's best to buy in a tech downturn.
    Aug 12, 2015. 03:07 PM | 1 Like Like |Link to Comment
  • Rackspace Heading Higher With Huge Buyback [View article]
    This area was incredibly overvalued and most players have no real technological advantage. Cloud, cloud, cloud has been too much a selling point however server farms which hold all the disadvantages of brick and mortar businesses not the advantages of cloud growth. They may only grow as big as physical space, require huge fixed capital and cost for space, require lots of capital expenses, and must make enough money to cover their rapidly depreciating disk drives and servers. This is clearly contrary to what you are taught are the benefits of real cloud business and why such businesses can trade at high multiples with rapid growth.

    I doubt buying back shares is a viable long term strategy and will not hold up the slide back down to a reasonable valuation this industry is going. They need to make a decent profit and get valued at a reasonable rate to it. They are more like a telecom company than a cloud business, although they do benefit from the growth of cloud businesses. The sad thing is that there are very little barriers to entry and very big competitors like Amazon.
    Aug 12, 2015. 03:02 PM | Likes Like |Link to Comment
  • China Is The Fuse That Could Set Off A U.S. Dollar Time Bomb [View article]
    China has inoculated itself pretty well against US dollar strength and realizes a stronger dollar will delay the shift of manufacturing to other countries that will be thrown into chaos with instability. Even so, the inevitable will happen and China will gradually lose its manufacturing base to other countries.

    China must move up the value change quickly much like Japan and Korea have done. If not, it will be needing the gold and US dollar currency reserves.
    Aug 12, 2015. 12:20 PM | 3 Likes Like |Link to Comment
  • Bless You, Super Bear, For The Warning On Deflation [View article]
    The sad fact is there is an oversupply in almost every good resulting in falling sales in not just commodities but all retail and it's next going to blow over into the service sector which will really clobber the US which has not been that affected by the downturn as of yet.

    The downturn will be amplified if $15 an hour is implemented as it leads to even greater mass layoffs. I expect more robots and a lot less people, especially with Obamacare that adds even more costs on employers. The robot revolution may not threaten your life but will undoubtedly threaten your job for 75% of people.
    Aug 12, 2015. 12:16 PM | 4 Likes Like |Link to Comment
  • EIA Petroleum Inventories [View news story]
    This is not because its not being pumped, its that no one wants to take delivery. I expect the oil tanker logjam in the Atlantic to get much worse before it gets better. No oil company is going to severely curtail production until oil prices hit $40 or below. It seems apparent now and the further they drop the more desperate they are to sell as much as possible before it gets to those levels.
    Aug 12, 2015. 12:10 PM | 3 Likes Like |Link to Comment
  • Little Trouble In Big China [View article]
    China's actions are expected after their stock market fall much like the US QE action when we run into problems. They are not good, but we being big currency game players really don't have much grounds to complain, especially when their goal was to unite their domestic and overseas rates.

    Sadly, they should have been told they need to liberalize and allow the free flow of money or else lowering one rate will just spill over and effect the other rate as it did. Anyways, they are very new to floating currency rates and it shows.
    Aug 12, 2015. 12:07 PM | 1 Like Like |Link to Comment
  • Ignore The Commodity Message At Your Own Peril [View article]
    Overall growth and demand are dropping across the globe and the US is pushing for wage increases and increases in hiring. Good luck on that. We are seeing the end of a cyclical upturn and its revealing the massive disconnect between reality and market fundamentals.

    With the US being more endeared to Fannie Mae and Freddie Mac not less, more dependent on TBTF banks not less, more deluded by Federal Reserve and government game playing including zirp and QE, and manipulative accounting (mostly on the banking side) regulatory ploys like under 5% down NINJA like home loans reemployed by Fannie Mae and Freddie Mac to sustain their new housing bubble, look for the next downturn to be bad. No one has learned any lessons from the last downturn and have doubled down on the ills rather than fixing any of them.

    If the ills that caused the last downturn were the big bad wolf, then what we did was feed it not only grandma but the whole family to satiate the wolf and are now asking him not to eat little red riding hood. The wolf is even bigger and hungrier now and we already gave it our silverware including our knife, so there is no interest rate drop we can do when the market turns sour like usual.
    Aug 12, 2015. 12:03 PM | 13 Likes Like |Link to Comment
  • Stocks give back yesterday's gains after China devalues yuan [View news story]
    Unfortunately China's external currency rates dropped 2.5% so there is no unification of rates. I certainly hope China is trying to open its market to a free currency exchange rate. If so, it is a worthy attempt, however it didn't come about as expected. They must also liberalize the flow of currency to close the price gap.
    Aug 11, 2015. 09:29 PM | 1 Like Like |Link to Comment
  • At the close [View news story]
    China's trying to unify its internal valuation with its external valuation is fine. The only problem is the external valuation fell equally with the internal. It must do something to make the traded price equal, mainly stop restricting its capital flows and making it clear that its currency can trade freely without encumbrances. If it does this it will be a major victory for China and capitalism. Unfortunately this seems to be harder than it appears.
    Aug 11, 2015. 07:51 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: Time To Buy The Oil Crash? [View article]
    I mean a year more, although you are right that the downtrend is already well underway.
    Aug 11, 2015. 06:40 PM | Likes Like |Link to Comment
  • It's Getting Worse: Coke's Dollar Crisis Illustrated [View article]
    The dollar is not overvalued and weakening your currency is rather dumb, especially since once you weaken it other countries will weaken their currencies even more which leaves you with the question do you weaken again? This leads nowhere fast.
    Aug 11, 2015. 06:38 PM | 2 Likes Like |Link to Comment
  • 26 Reasons Google Created Alphabet [View article]
    There are two dimensions to their move.

    One is what Wall Street hopes which is that all their money losing divisions will be held accountable and limited in their spending.

    The other is that Larry perceives this move oppositely in that it will free him to raise more money and pursue even more ventures that are not core to Google's goals and raise funds to finance profitless endeavors. This is exactly why investing in companies that don't give you voting rights and gives too much power to the founders is dangerous and bad.

    As you can see both these views can't be achieved because they are counter to one another. I hope for shareholders sake the change will reflect #1 much more than #2 although it seems almost given it will be #2.
    Aug 11, 2015. 06:24 PM | 4 Likes Like |Link to Comment
  • 4 Reasons Why Oil Will Not Trade Much Below $40 [View article]
    I tend to agree with the commenter. Also the price declines aren't happening fast enough through the oil market to increase demand significantly. This is bad not good for oil.

    Likewise, China will increase consumption but get it from Russia via a new pipeline decreasing demand from other sources which is bad not good.

    High shorts and politicians are more a depending on how you see it statement than a direction. High shorts could be excessive hedging and people who see even worse data coming out. It doesn't necessarily mean over bearishness and a sharp move up. Likewise, politics it approving Iran oil which is bad. Politics counters politics but that's just about all recently. The oil industry is already expanding production due to politics. Expecting it to decrease oil production is problematic.
    Aug 10, 2015. 02:54 PM | 2 Likes Like |Link to Comment
  • At the open [View news story]
    There is little in the way of extraordinary savings going on in the market and debt keeps getting loaded up on as expected with zirp forever rate policies. I feel sorry for overleveraged debt holders when the next downturn happens, especially if they lose their job.
    Aug 10, 2015. 02:47 PM | 3 Likes Like |Link to Comment
  • Thin Slices From The Top Of A Bubble [View article]
    I rates rise it puts a damper on the only thing left driving this market, company stock buybacks on abnormally low borrowing cost.
    Aug 10, 2015. 02:44 PM | 3 Likes Like |Link to Comment
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