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  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    When you say "other examples", do you mean penny stocks or just piece of crap companies? Zero hedge has been documenting this basic concept since at least early 2013, with the 'most shorted index'. This example is pretty extreme, though! Only thing I know of to compete with this is pot stocks or maybe nuclear refiners. With the more mainstream possibly 'growthy' names it seems like waiting for the analyst upgrade and then waiting a bit before taking a shot at it short can work if you are adventurous. A name like this isn't going to get an analyst upgrade though, it's just a crapshow through and through. I am amazed that anyone thinks they can reasonably make money on this on either side. There's just way too much phony liquidity out there for reasonable, rational ideas to prevail and OTOH the rug on this kind of thing can get pulled in microseconds. Good luck!
    Jul 9, 2014. 06:15 PM | 2 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    uh.....perhaps too obvious? good luck.
    Jul 9, 2014. 05:49 PM | 4 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    At the risk of offending anyone, having watched this thing from the sidelines, it surely does seem that the new normal pump and dump involves suckering hapless shorts into shorting companies like these, at the wrong time. Which IMO is, basically, any time. There's just no way to tell when these kinds of sideshow names roll over in this environment; trapped early shorts are the only true buyers of this garbage.
    Jul 9, 2014. 05:46 PM | 5 Likes Like |Link to Comment
  • Goldman eyeing online brokers as trading business disappears? [View news story]
    Those banks that are "complaining" about low volatility are probably the very ones selling it the hardest.....carry trades, etc etc.

    The thing I don't understand about this (IMHO) ill-guided rumor is, trading volumes at online brokerages are also down significantly.

    And I honestly don't think even an infinite series of all time highs is going to get small account people "interested" in the stock market again, until they have some discretionary income to put into it, i.e. we need some wage growth.

    The economy stinks, and QE is making it worse: wages are down, rents are up, basics cost more, discretionary spending is declining and will decline ever further as long as we continue along this path to make sure all of the "money" belongs to the holders of assets.

    ok, rant over! good night to all!
    Jul 1, 2014. 11:12 PM | Likes Like |Link to Comment
  • The Last Cheap Asset Class [View article]
    Wow, VIX getting murdered again today. Kind of predictable when NPR and Bloomberg (and apparently Seeking Alpha) are running stories about buying it nonstop.

    Praveen, if you have to ask how to trade volatility you probably should avoid it. It's only really useful if you are a degenerate gambler hedging large positions. Or just a degenerate gambler. And even then, it's a trade, not an investment. Timing essential, and difficult.

    That said, when Mr. Koesterich says buy vol, he's probably talking about buying some puts (SPY, for instance), which are one way of buying vol. But, IMO much safer to raise cash and/or buy some long term treasuries (TLT) if you are worried. Or perhaps gold, dependent on what your worries are. Whatever you do, don't buy the exchange traded VIX product that Blackrock will no doubt come out with imminently. GL.
    Jul 1, 2014. 10:57 PM | Likes Like |Link to Comment
  • HRT Participacoes Has An Asymmetric Risk/Reward Profile - Part 4 [View article]
    HRTPY picking up steam over the last few weeks, up nearly 50%. Which, admittedly, is around 8 cents. Pulling for you, little Brazilian wildcatter!
    Jun 30, 2014. 03:46 PM | Likes Like |Link to Comment
  • Negative Quarters Are Rare, But Minus 3 Is Recession [View article]
    I am relieved to know that the number 5731311 has been to the future, and the news is all good!
    Jun 29, 2014. 10:49 PM | Likes Like |Link to Comment
  • Colony bringing another housing-rental bond to market [View news story]
    No thank you. You can keep your high fees and low returns all for yourselves, banksters.
    Jun 17, 2014. 12:12 PM | Likes Like |Link to Comment
  • Bitcoin Seems To Be An Unstoppable Force Of Nature, Not Unlike The Jet Stream [View article]
    cove3a I agree with all of these comments! I have no idea how or when the fed could ever be reformed to act reasonably, though.

    and btw I'm pretty sure the feds will massacre bitcoin, slowly.
    Jun 13, 2014. 09:51 PM | Likes Like |Link to Comment
  • On the hour [View news story]
    "stocks hold small games", exactly.
    Jun 13, 2014. 12:52 PM | 1 Like Like |Link to Comment
  • The Demon The Gold Bears Are Mistakenly Overlooking [View article]
    The demon you are overlooking is, you have no idea whether all of this speculation about re-hypothecation, secret empty vaults, gold fix, etc etc is true or not. There is a whole lot about the financial system that we don't have any way of verifying. Trade price, maintain stops, don't be a hero. That said, gold looks pretty interesting to me here.
    Jun 10, 2014. 01:26 PM | Likes Like |Link to Comment
  • Speculators exit gold longs [View news story]
    I personally don't agree with that, for better or worse IMO it would be catastrophic to go back on the gold standard at this point. We just need reasonable and cautious central bankers. Which unfortunately doesn't seem likely to ever happen.
    Jun 9, 2014. 07:04 PM | 3 Likes Like |Link to Comment
  • Speculators exit gold longs [View news story]
    Love your comments, Doug. I would add that Gold in my view is not at the moment correlated with inflation, but rather closer to the VIX. Both are insurance against central banking, pure and simple. As long as the bankers are successful at projecting confidence in their control, Gold and VIX will remain challenged. That said, I am watching gold (and VIX) very closely at this level (like many people, I'm sure) because big rallies have occurred from here and the short interest appears to be high.
    Jun 9, 2014. 07:02 PM | 2 Likes Like |Link to Comment
  • Surprise: Japan Q1 GDP revised sharply higher [View news story]
    John, what they are trying to do is ignore past mistakes. They invented QE, it didn't work in the 90's and, today's silly print notwithstanding, it really doesn't seem to be working now. There is a reasonable possibility that QE in fact (counter-intuitively) creates deflation. Makes sense to me.
    Jun 9, 2014. 01:26 AM | Likes Like |Link to Comment
  • Initial reaction following ECB is reversed [View news story]
    I disagree with that, actually. It's the sense that the ECB will effectively backstop that keeps rates (and gold) heading downward.

    Any sense that there is no solution or bazooka that will suffice (hello Japan) should be accompanied by gold going higher and periphery spreads blowing out. But we are a LONG way from that.

    I also agree with Leopard that how people are actually positioning isn't going to be known in a few hours or even days. But the fact that Tepper wants you to borrow his stocks for a little while is interesting. Let's see how gold holds up over the next week.
    Jun 6, 2014. 12:05 AM | Likes Like |Link to Comment