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  • AbbVie slumps on FDA warning on Viekira Pak risk; shares down 10% [View news story]
    Guess I will try to add some more to my position tomorrow. Collect the dividend while I wait.
    Oct 22, 2015. 09:31 PM | 1 Like Like |Link to Comment
  • General Electric beats by $0.03, misses on revenue [View news story]
    yeah Bloomberg/CNBC reporting a different (lower) revenue number. But the GE press release is showing $31.7bn. Curious what Bloomberg and CNBC subtract out to report the lower number.
    Oct 16, 2015. 07:48 AM | 2 Likes Like |Link to Comment
  • Buffett: Still a fan of IBM and Moynihan [View news story]
    He did get a great deal from GS also. However they are 2 very different firms with two very different risk profiles. GS did not have the disaster of a Merril Lynch (disaster at the time because of the Merril's exposure to subprime CDOs) and Countrywide balance sheet. So I don't see how you can compare to two. Someone with a credit score of 500 and another with a credit score of 800 will get very different terms. Regardless of the CEO's smartness or quality. If you refuse to acknowledge that then I don't think we can ever agree.
    Sep 8, 2015. 08:33 PM | 2 Likes Like |Link to Comment
  • Buffett: Still a fan of IBM and Moynihan [View news story]
    eh....BAC traded down to low single digit so don't think people thought it was a sweet heart deal or screwing at the time. Many thought BAC would go to zero. The sweet heart deal put a bottom to the stock and restore confidence so that it is where it is today. So I think many stock holder who invested at the time the sweet heart deal was made did ok. If this is screwing, I would hazard many would be happy to be screwed.
    Sep 8, 2015. 04:00 PM | 4 Likes Like |Link to Comment
  • Buffett: Still a fan of IBM and Moynihan [View news story]
    I think that is for all banks as opposed to just BAC. So if that's your view, all commercial banks are going down not just BAC. Secondly, this is driven by the fact that the housing market has recovered and in many markets have passed the high of the housing bubble and that's why many of the banks are actively repossessing homes from defaulted borrowers as opposed to selling it in bulk to distressed funds. They are making more money from it and it is a good thing. I recall reading that foreclosure sales as a percentage of sales have dropped quite a bit because there is much fewer foreclosure to buy.
    Anyway, good luck with your short. I am still very long and sitting happy.
    Sep 8, 2015. 02:55 PM | 2 Likes Like |Link to Comment
  • Microsoft guides light again; shares -4% [View news story]
    If it goes to $10, I will cry my eyes out :)
    Jul 21, 2015. 09:54 PM | 2 Likes Like |Link to Comment
  • DreamWorks off 4.9% on two new Sell ratings [View news story]
    How did both CA and CLSA came up with the same price? Both initiate coverage the same stock at approximately the same time also. A curious case of coincidence.
    Jun 10, 2015. 04:01 PM | 1 Like Like |Link to Comment
  • CNBC: Microsoft held "significant talks" with Salesforce, disagreed on price [View news story]
    Thank god or it would have been a never-ending nightmare.
    May 22, 2015. 02:07 PM | 6 Likes Like |Link to Comment
  • Microsoft Beats EPS And Revenue Estimates, Can It Breach $40? [View article]
    I am long MSFT and have been holding since the mid to high 20s. However, I think it will have a hard time breaking 40 just because it is popular to hate MSFT. I am perfectly fine with it since it is my long term core holding and the dividend is nice. I don't mind sitting on it and rather not have to worry whether I should sell it if it's status as a value stock (to me since I am sure there are many who think it is expensive and should be zero) is in doubt.
    Jan 24, 2014. 11:25 AM | 1 Like Like |Link to Comment
  • Nokia's CEO Discusses Q4 2013 Results - Earnings Call Transcript [View article]
    I did the dumb thing and added to my position at 7.05. Fingers crossed.
    Jan 23, 2014. 10:25 AM | 1 Like Like |Link to Comment
  • Why Nokia Is Dead Money [View article]
    To let you know that there is nothing to see here! :)
    Jan 22, 2014. 02:46 PM | 12 Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    Also, as a result of supporting Hedgeye and others, if this is proven to be a false opinion, I do think that Barrons should suffer a lot of credibility damage. Some may drop subscriptions as a results.

    However, I guess they can always go the free reporting routes and try to make money with advertising.
    Nov 1, 2013. 06:44 PM | 1 Like Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]

    My point is, it does not matter what their intent is. And I am not here to judge. In every market, there is a buyer and a seller. Otherwise there would be no transaction. The buyer thinks the security is cheap and the seller thinks the same instrument expensive. In most cases anyway. These shorters think LINE is expensive. They think LINE is bad because of A, B and C. They did it with great fanfare and showed their analyses (I recall there is a conference call too). People chose to panic. Probably because they did very little work on the company and just saw the high dividend and that the price keeps going up. So when the shorters came out and shout Ponzi, they panicked. I think it is dangerous to encourage investors to invest with herd instinct as you put it. And events like this purge those out or teach them valuable lessons. Lessons that they can use in future investment decisions. If each time herd instinct is met with regulators coming to the rescue, then herd instincts and panic will keep on happening. We do not want to live in that world. At least I do not want to see that kind of constant volatility but I cannot speak for everyone.

    Additionally, it also encourages irresponsible investing and excessive risk takings. I think investments are free to anyone who is willing to accept the risk along with the returns. If having the mom and pop as you defined it means having panic sells and buys driving the market, I'm not sure that I would miss them should they leave the market. The investment world will go on I suspect (and hope).

    Lastly, I am not sure how this is related to the integrity of the market. For every stocks that I own, some analysts have a sell rating and some analysts have a buy rating. And they all wrote up reports on why and I can pay money to get those reports or not. I then can agree or disagree or not. I don't think that threaten the integrity of the market. What you have are the numbers published by the companies and the various disclosures. If you think the law somehow allow these disclosures to be false then that would threaten the integrity of the markets. Do we want to censor all opinions when they are later proven to be false? Since no one knows the outcome, no opinions can exist. Do we want to criminalize opinions? Or do we just want to criminalize only strong opinions? Not sure how you want to solve this.

    Nov 1, 2013. 06:37 PM | Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    Well, to be fair, what is wrong with them calling out something they think is suspicious? Since I don't know them personally, I am not going to question their morality or intent. They may be wrong - which I believe to be the case in this situation since I own a good chunk of LINE - they merely want to inform the public about a potential danger. Those who bought into their analyses sell; those who questioned their analyses buy; and those who had no idea stand aside and watch the fireworks. At the end of the day, it is your own responsibilities what to do with your money. All investments have risks and you have to assess that risks. That's why Certificates of Deposit pay as little as it is. It has much lower risks. The regulators cannot control that! Kaiser, Hedgeye, Barrons make no warrants to protect anyone. They are speaking their opinions based on their analyses which they present to everyone. We decide whether their analyses justify the conclusions. You are asking the regulator to somehow go out there and protect the regular mom and pop in earning a decent returns because CDs are not paying enough? Then if I am a regular mom and pop, I would go out and buy the highest yielding instruments I can buy because the regulator will come and slap any naysers. No one will dare to look at these instruments critically because if they are correct - wonderful, they will get a pat in the back. If they are incorrect, they will be criminalized. All the criminals will come out and offer high yielding Ponzi instruments then.

    I am sorry if this sounds cold but if CDs are earning 1% and you are buying something that yields 5 times or 10 times of that, you know you are taking stuffs that are 5 times or 10 times the risk. You think you are smarter than the market and when that assumption is incorrect, there are consequences. There may be circumstances that force our hands to seek these higher yields - need the income to live on etc... - but that do not change the fact that you are taking on a lot more risks! The fed is lending out money close to 0%. The Prime Rate is 3.25%. You are getting north of that with LINE before the assault by these guys. You are not investing in anything that is "prime" quality according to the market (or LINE for that matter since they are willing to pay out more for our money).
    Nov 1, 2013. 01:05 PM | 2 Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    All those you want punishments and incarceration for the shorters should have just done their homework and bought more when these shorters make things cheap. If you are so easily moved and frightened to sell by rumors and take losses than you should not be investing. And if you are levered so much on margin and got margin-called then that's the risk you take for playing with leverage. I personally enjoy all these opportunities created by idiots like these.
    Nov 1, 2013. 11:54 AM | 4 Likes Like |Link to Comment