drmalaka

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    • Fri May 16th 13:56 PM | Rating: 0 0
      Commented on:
      Masco: Ready to Rebuild
      I wish anyone who is expecting a bottom in housing this year the best of luck. You might not short this but to buy it on those hopes is just dumb. We are almost half way through the year, and each month has gotten worse in housing. New home construction is at over 900k per year and housing does not bottom until that goes to 700k or even less considering the amount of foreclosures this time as compared to the past.

      Buy some MAS, smoke some crack, what's the downside?
      View article »
    • Tue May 13th 13:41 PM | Rating: 0 0
      Commented on:
      Retail Sales for April
      Looking at this data is meaningless without further thought like this article.

      If we include energy, commodities and food in sales of course they are going to be stronger than expected. The truth is people still have money from their paychecks, the point is what they spend it on. Since more of that paycheck has to be spent on non discretionary goods that means less will be spent on retail goods like clothing and electronics.

      WalMart says it all. Their sales are up tremendously. Do people think that this is not a zero sum game? If WalMart is selling more cheap goods then who is not selling more expensive goods?

      There is no way around this, since Americans save zero dollars on average, if some prices go up and take up more of a household's expenses then something must go down. We will see weak sales from all those other retailers and also see smaller profit margins as they are forced to cut prices.
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    • Mon May 12th 19:45 PM | Rating: 0 0
      Commented on:
      Patrick Byrne’s Hype versus Overstock.com’s Financial Performance
      Sam, don't waste your time on this board. This is a great group of posters and commenters looking for more independent information than the crap CNBC has to offer. Traders beware, do not for one second think the media and hedge funds are independent, the media are just their little lackies. Where do you think all these CNBC scoops come from?

      As much as you and your butt buddy Gary Weiss are working for your masters to push stocks he shorts down, no one at this board is going to care. Can't you see how quickly the comments are up so that no one will even think that this is a legitimate article.

      Anyone interested, just check out how Sammy and Gary's bad stocks overlap with each other. They each link to the other's article so that someone might think this is independent research.

      Most importantly, are we to believe that Sam is now a convert and all he cares about is helping out investors and showing them bad companies? Oh please. How many hundreds of articles is this criminal going to put out on the same company. To me the excess of negative stories from Sammy and Gary looks more like they are trying to make this stock go down. How many stories is enough?
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    • Mon May 12th 11:55 AM | Rating: 0 0
      Commented on:
      Patrick Byrne’s Hype versus Overstock.com’s Financial Performance
      When Sam starts this missive with his cousin the criminal he should probably mention that Sam is the lowest form of criminal himself. Lower than the crud between my toes after a long workout. He is the one who rolls over in two seconds and sends his partners/family to jail so that he can get off lighter. Nice guy. Big time lowlife, how much worse than ratting on your family can you get?

      Before anyone takes this guy seriously you should consider reading www.deepcapture.com/ which is Byrne's defense to this criminal's attack. I am not sure I believe everything but it sure makes for interesting reading. It is also not totally unbelievable when you start considering what these banks and hedge funds have done over the past five years. Anyone who doubts that these guys are crooks surely sees the world through rose colored glasses.

      Remember, we have the word of a successful CEO with no negative past against the word of Sam "the criminal" Antar and a couple of flunky reporters who themselves have never accomplished anything in their lives. The only thing these journalists have to do to get a job is prove that they will sell any information passed on to them by the money men.

      Sam gives us his circular references telling us to see Gary Weiss and Tracy Coenen's blogs. These guys all quote off each other and then tell us that is proof it is true. That is like saying I swear it is true, I read it somewhere. Oh where? I first wrote it down then I read it, so it must be true.

      Is this the same Gary Weiss who is in the tank for illegal short sellers? The same Gary Weiss who has access to his own Wikipidea page and that of illegal naked short selling and no one can change those pages? Yes, Wikipidea, the open source information guide that lets users input information does not allow this for Gary Weiss, only he has control of those pages. Is this the same sock puppet Gary Weiss who writes reviews of his own books?

      I don't know enough about OSTK as an investment but I have read enough about Sam and his lowlife cohorts to not trust them. To me this seems like a kabal of scumbags trying to take a stock down. Somehow they always agree on what companies are cooking the books and those just also happen to be the companies that are being sold short by their "friends" in the hedge fund community.

      Take anything this crook says with a grain of salt. Then again, it does not matter how good a company is, these guys have taken down enough good companies by these types of actions. It's hard to fight naked short sellers as they can keep shorting and shorting without worry.

      View article »
    • Thu May 8th 14:01 PM | Rating: 0 0
      Commented on:
      CNBC: Sue Herrera Tells It Like It Is
      I can't watch CNBC anymore. Denis Kneale is at best a fool and he is featured more than anyone else. I am not sure he even has economics training. He though he made a great point the other day when he mentioned that housing sales are not that bad because there are more people in the country every year so sales demand should increase. What a moron, like those numbers are not built into things already.

      The other day he was rejoicing in market bears getting hurt. Is this a news network that tells us what the market does or a cheering section for the market to go up?

      Rick Santelli is the only true reporter at that channel and it might be a better network if he appeared for more than five minutes a day. How about a quick suggestion, lets swap one fewer hour of Kneale time for one more minute of Santelli time.
      View article »
    • Thu May 8th 11:30 AM | Rating: 0 0
      Commented on:
      Gas Is Actually a Bargain at $3.56
      Gas is too cheap and always has been. We should have been taxing gas at $2 a gallon for the last two decades. OPEC just got us addicted to cheap gas and now we are screwed. It was like crack, when it first came out the drug dealers gave it away for free, a few month later everyone was addicted and would suck anyone off in an alley to get some cash to buy some more.

      I am as anti tax as any person around, but to me this is not a tax, this is a national security issue, period. We are dependent on oil and the main supply of oil comes from the arab countries. These countries are outright our enemies (Iran) or pay to support our enemies (Saudi Arabia). The more oil we use the more we hurt our national defense and weaken our country.

      Americans who are getting hurt of gas are getting what they deserve. Everytime I see some jerk driving alone in his Ukon or Hummer I laugh at their $100 gas bill. Good. That jerk is funding terrorism and damaging our country.

      The other problem is that regardless if gas is cheaper relative to in the past, which it is when we drove cars that got 6 miles to the gallon, Americans need gas cheaper becuase they need money to buy crap that the television and magainzes tells them is cool. We are addicted to oil and buying crap we do not need. For some reason gas needs to be cheap becuase it is a necessity so that we can buy all those luxuries that every middle class person is entitled to.

      The American consumer is a joke and a little baby. In our societies made up of victims and individuals we are entitled to everything but have to suffer for nothing.
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    • Thu May 8th 11:23 AM | Rating: 0 0
      Commented on:
      Downey Financial: Higher Delinquency When Minimum Payments Reset
      This is a horrible bank in a lot of trouble. As crazy as this market is regarding negative news, as the banks have all been going nuts the past month and a half this one has not.

      I shorted DSL about two months ago and while most banks are up 20-50% since then this one is down about 40%. This stock can not even be helped by a crazy irrational market. How much worse can it get for them.
      View article »
    • Wed May 7th 12:14 PM | Rating: 0 0
      Commented on:
      Las Vegas Sands vs. Wynn Resorts: The Great Casino Debate
      If you have been to Vegas lately you will notice that the town now revolves around a lot more than gambling. Ten years ago if you showed up at the Mirage and dropped a couple of grand on the table your room and food was free, comp city. Now you need to gamble considerably more to get comps. The reason is that the casinos now look to things other than gambling for profits. When you move away from gambling and diversify into other forms of revenues you lose the advantage of having a recession proof business.
      View article »
    • Wed May 7th 12:11 PM | Rating: 0 0
      Commented on:
      Recession or No Recession: Who Do You Believe?
      I believe that the economy is worse that most believe but can not strictly point to consumer beliefs. We are being drowned in negative economic news by the main stream media because of their immense left wing tilt. They want Obama Bin Laden to win the election and blaming the Republicans for a horrible economy helps.

      On the other hand, I believe that things will not improve, they are not horrible right now, and will probably not get super horrible, but I do believe they will get worse. Just not NY Times or NBC worse.
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    • Wed May 7th 12:07 PM | Rating: 0 0
      Commented on:
      Citigroup 1st Quarter Update, As Promised
      One time charges? Well next Q and the Q after that and the Q after that they will continue to have one time charges. Investing in this company is the same as closing your eyes and jumping off a bridge.

      There is so much toxic waste in these banks that they refuse to write down becuase they no longer have to. They just move them to Level III assets and value them at whatever keeps the bank from going being insolvent.

      Every quarter as they banks make money on their normal businesses (although less than in the past becuase of the fact they are now smaller and business is slower) these banks will write off more of the losses on their books. This might go on for years. The same thing happened in the Latin American crisis, the accounting standards were changed so that the banks did not have to take the losses immediately and they could write them off against future profits as those profits came in.
      View article »
    • Wed May 7th 11:13 AM | Rating: 0 0
      Commented on:
      Sun Still Clings to Java Dominance Pitch
      I was absolutely positve that Sun would turn things around finally. Hard to believe I was wrong.

      I was convinced that changing their ticker symbol to JAVA would be the corporate restructuring that would do that trick this time.
      View article »
    • Wed May 7th 11:11 AM | Rating: 0 0
      Commented on:
      Better To Be Lucky Than Smart: The Bear Market is Over
      PE contractions? Oh please? S&P earning are still way too high and no one wants to believe it. Mr. Market wants to be forward looking and stick with the second half recovery. No chance.

      Profit margins are near an all time high and input costs are increasing. This means one of two things, either smaller margins or lower sales if they pass the increase on. Rising inventories in the Q1 also point to a weaker consumer (Duh) who will not only cut back on spending becuase of higher oil and food prices but less credit.

      Furthermore, Mr. Market believes housing will come back towards the end of this year or early next year. Dream on. There are no buyers out there anymore and more houses available every money.

      Mr. Market is a genius, he is forward looking, lets keep repeating the same thing. I especially like how forward looking Mr. Market was in Oct '07 or March '00 he was spot on right?

      The world is growing if you want to stay long make sure you are in those companies. As for US companies that focus on the US good luck. Anyone who thinks Mr. Market and his forward looking crack pipe is correct about retail US sellers doing well towards the end of the year is sharing the crack pipe with Mr. Market.

      This market is perfectly irrational now. FNM reported perhaps the worst quarter and guidance in US history yesterday and went up almost 10%. What a joke. If they had declared bankruptcy they would have gone up 50%, that is how retarded the market is right now.
      View article »
    • Tue May 6th 19:11 PM | Rating: 0 0
      Commented on:
      Fannie Mae's Earnings: Awful
      The article makes sense but the stock rallied today. Who knows.

      What really makes even less sense to me though is why would anyone buy the stock today instead of yesterday? I can not imagine worse news than they reported, other than filing for bankruptch prior to the release. So if the worst possible news is a buy signal then nothing could make the stock go down. So I ask, why did these people buy today and not yesterday? What could they have possibly heard today that would have stopped them from buying?
      View article »
    • Tue May 6th 16:08 PM | Rating: 0 0
      Commented on:
      Chesapeake Energy Appears Very Well Positioned
      Note that CHK will not benefit as much as one would think becuase of rising nat gas prices as the company hedges a lot of its production. The CEO was interviewed recently and he mentioned how he owns too much of the company to be beholden to changes in gas prices.

      In the same interview he talked about his recent purchases of the stock (a massive amount I believe and I think he mentioned he had 31 million shares, not sure if this is correct or includes options). He said flat out in the interview that he thinks the stock has a double. This is not the type of comment a competent CEO makes off the cuff. I assume the SEC would not be to happy if he were selling and pumping the stock on the way up. That is a true believer and I can not imagine anyone else who has more info about how this company will do.
      View article »
    • Mon May 5th 23:37 PM | Rating: 0 0
      Commented on:
      A Closer Look at Earnings Expectations
      Fantastic article. Profit margins should also decrease because of rising commodity prices. Many companies are seeing higher input costs but can not pass on those price changes into this economy.

      This is a rather scary short term market. It feels just like October of last year when we had that run and the market took all news as positive. However, in the end it is hard to believe we are not going to have a protracted economic slowdown.
      View article »
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