GSH1976

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    • Fri Sep 12th 20:33 PM | Rating: 0 0
      Commented on:
      Alternative Buyers for Lehman (and Not Just the Usual Suspects)
      At first I thought this was a spoof of some sort but then realized the guy was serious. He sure is doing his best to pump MER.
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    • Sat Aug 30th 22:04 PM | Rating: 0 0
      Commented on:
      Has Jim Cramer Crossed the Line with Sirius XM?
      Cramer should have been locked up years ago. I have no position in SIRI (and never have either long or short) so I have no bone to pick with Cramer regarding any of his SIRI recommendations. Having said that, Cramer does a complete disservice to individual investors. The entire show is nothing but a scam. His claims that phone calls are not screened is a complete lie and I know that for a fact. Even if I did not, isn't it odd that none of the callers are irate? Cramer told everybody to sell all financials and homebuilders on July 15th. Then two weeks later, after many had rallied OVER 100%, he recommended buying them again.

      It is obvious Cramer is a mouthpiece for others. So the question is what does Cramer get out of it? In this case we have Cramer bashing a stock but my major problem with him is the exact opposite. Cramer loves to pump stocks with very high short interest because he knows they are easy to move. The sheep follow his recommendation, the stocks spike, and soon a violent short squeeze ensues. Soon afterwards the stocks are lower than when he made the recommendation.

      I have followed Cramer since the late 90s. During the tech implosion he was telling people to buy all the way down. He became bearish AFTER the NASDAQ had dropped from 5,000 to 1,700 but of course he stated numerous times later that he was bearish on tech stocks at the top. Look at some of his recommendations last year. He was pumping the worst of the financials - CFC, TMA, DSL, etc.

      Earlier this week his main topic was why you should buy homebuilder stocks. He went on to say that he called the top in housing stocks and has never recommended buying them since the bubble busted. That couldn't be further from the truth and a quick google search will return numerous articles completely refuting his claim. Not only is what he said 100% false but he was telling people to buy them when they were AT THEIR ALL TIME HIGHS and has called a bottom at least 8 times since early 2006. It is amazing how reality is the polar opposite of what he claims. At the beginning of 2007 his top sector pick was financials. His top pick was THE WORST PERFORMING SECTOR!

      What amazes me is that number of people I hear say "I watch Jim Cramer every night." There are a lot of stupid people out there. There are numerous videos at youtube that expose him for his blatant lies. If nothing has happened to him yet I doubt anything ever will. The man is untouchable.
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    • Sun Aug 17th 15:30 PM | Rating: 0 0
      Commented on:
      Restoring Credibility to Ambac and MBIA
      From my experience short sellers on average are the most savy investors. They are willing to take a gamble that could result in unlimited losses. Hence, they are very thorough in their research.

      I see nothing in your article to support your thesis that ABK and MBIA are viable entities. Their problems are just started to play out. Instead I see a pathetic attack on Ackman. It is ironic that both yourself and that joke Tom Brown write for seeking alpha since there are many similarities between the two of you. Both are making calls with no factual support (Brown on financials) that will ultimately be proven wrong and both of you attack short sellers (Brown attacks Whitney) and come away looking desperate.
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    • Thu Jul 31st 17:18 PM | Rating: 0 0
      Commented on:
      Financials ETFs: Seven Weeks After 'Cramer's Bottom'
      This is funny in light of Cramer's bottom call yesterday and his recommendation to sell all financials and homebuilders on 7/14.

      1/10/08 the buffoon recommended buying financials - XLF closed at 27.40

      7/14/08 the buffoon said to sell financials - XLF closed at 17.72

      7/30/08 the buffoon tells everybody to buy financials - XLF closed the day at 21.50
      View article »
    • Sun Jul 13th 17:39 PM | Rating: 0 0
      Commented on:
      What Kind of Government Support Will Fannie and Freddie Get?
      Mr. DeLong I have a question for you. In 1Q08 FNM and FRE guaranteed 81% of mortgage securities in the US which was an increase of almost 100% compared to that of a year earlier when the subprime liquidity/credit crunch started. Did they acquire toxic RMBS from investment banks and hedge funds that were deleveraging? If so, at what prices?
      View article »
    • Sun Jul 13th 17:22 PM | Rating: 0 0
      Commented on:
      What Kind of Government Support Will Fannie and Freddie Get?
      Many here have already done an excellent job attacking your thesis on the viability of FNM and FRE so I will address something else.

      You gave kudos to Paulson, Bernanke, Dodd and Frank. Are you serious? Dodd and Frank are nothing but puppets for the Wall Street elite. Bernanke and Paulson have done a fantastic job at making things worse. Instead of recognizing the systemic problems and taking the needed medicine they have made countless attempts to defer the inevitable which will only serve to make the end result that much worse. I must also point out the ridiculous statements made by Paulson and Bernanke who have repeatedly downplayed this entire mess. Bernanke was stating subprime was not a big deal and contained two years ago while Paulson has called a bottom in housing at least 14 times (that I have documented in articles) beginning in early 2006.

      You wouldn't by chance have any conflicts of interest when it comes to this matter?
      View article »
    • Fri Mar 21st 10:44 AM | Rating: 0 0
      Commented on:
      Dick Bove: Buy Banks, Avoid Brokers
      Bove has not been dead right. He made the bearish call last August and has lived off of it. Shortly afterwards he became bullish. He called C the buy of the century when it was trading over $30. On 12/14/07 he said in reference to C "The dividend is not going to be cut. It is not even remotely possible that the dividend will be cut." Then he went on to say that bank dividends were not going to be cut and would actually INCREASE in 2008. That is not even a remote possibility.

      He was on Bloomberg a little over a month ago and recommended that people buy LEH because they are thriving from the increase in refinancings. In case you haven't noticed refinancings spiked for about two weeks and have since plummeted. Great call Dick.

      That is nothing compared to his recent recommendation to buy BSC. Yes BSC. Amazing that none of this was mentioned by CNBC.

      Instead CNBC decides to put their spin on this by stating Dick Bove had JUST BECOME bullish. That could not be further from the truth.
      View article »
    • Mon Mar 17th 22:45 PM | Rating: 0 0
      Commented on:
      Cramer on Bear Stearns, March 11: Stick Around
      Even if the guy was asking about the money in his account at BSC, Cramer was still touting BSC as a takeover target when BSC was $70 and said the takeover would occur at a $40 PREMIUM!!!

      I don't know how Jim does it. He makes one bad pick after another yet the naive investors keep coming back. You don't think CNBC protects him? Are his calls screened? Nah, CNBC is looking out for the best interests of the individual investors out there. What a farce.
      View article »
    • Sun Feb 24th 18:07 PM | Rating: 0 0
      Commented on:
      Friday's Turnaround: Raid on the Shorts
      Plantogetrich: The markets were going to tank. The BKX was rolling over. The NASDAQ was on its way to its lowest close since 2006. XLF had violated a key trendline and was selling off hard. To say the timing of this release was questionable is an understatement.

      Good luck.
      View article »
    • Sun Feb 24th 18:00 PM | Rating: 0 0
      Commented on:
      Friday's Turnaround: Raid on the Shorts
      goldjockey: I agree with you 100%. My goal this week is to find a CNBC intern with a blackberry.

      It is sad that CNBC has such influence over the markets. Anybody that disputes this simple fact is naive.
      View article »
    • Sun Feb 24th 14:05 PM | Rating: 0 0
      Commented on:
      Friday's Turnaround: Raid on the Shorts
      Raja: How many times have we heard BSC was being bought? How many times have we heard Buffett was buying a company? How many times have we heard about bank infusions that didn't pan out? How many times have we heard rumors of an emergency rate cut?

      Let's hear some of those false rumors that caused the markets to tank because frankly I don't know what you are talking about. Off the top of my head a remember rumors that BZH and CFC were filing for bankruptcy. The BZH rumor did not pan out but who knows about CFC since the BAC deal was announched shortly afterwards.

      For every bearish rumor there are at least 10 bullish ones.
      View article »
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