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Abraxas

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  • Herbalife Is Not Going To Zero [View article]
    Good lord, Matt, are you so deep into shorting HLF that you are losing it? If not, why do keep on writing these kind of comments?

    There is a large difference between writing a negative article about Herbalife claiming objectivity, which you have already done before, and going off the rails with these type of comments.

    If you want to write on this site and reach a serious audience, you better reign your own biases and prejudices. Otherwise you turn yourself into a mockery of an analyst and commentator and lose all credibility.
    Mar 22 05:06 PM | 6 Likes Like |Link to Comment
  • Yes, Stealing Really Is That Bad [View article]
    I never met a gold bug who didn't like gold 'down here or up there.'
    Mar 19 04:48 PM | 2 Likes Like |Link to Comment
  • Willie Suttonomics [View article]
    Once again, Germany and the IMF are behind this latest "no good deed will go unpunished scheme." They could easily fix the problem by simply using the European Stability Fund and by decoupling the banking debt from the country. Let the banks go bankrupt and have the creditors and shareholders pay the price but save the saving accounts.

    The real reason Germany is attempting this utterly insane money grab, is that the banking systems is about 800% of Cyprus' GDP with the majority of the large money coming from foreigners, particularly, Russians.

    The Germans would love to be able to only 'tax' the foreign accounts (only Russians go be better yet) but, naturally, that would be a step too far and too transparent, and would provoke (more) anger from Russia. So, they have to contend with pretending that they are going after everyone.

    Such a move in a country that barely represents 0.2% of European GDP is, to say the least, reckless, as a bank run is the rational response. Let's risk the entire's continent stability, once again, to have the Germans teach everyone a moral lesson!
    Mar 18 04:24 PM | Likes Like |Link to Comment
  • Willie Suttonomics [View article]
    Zerohedhe is the equivalent to walking around with a highly depressed and negative, yet somewhat realist and pragmatic friend. Great for avoiding market pitfalls.

    Zerohedge is the perfect bear market, risk management or 'hedge' site but is the worst bull market one, as it never, ever, takes a positive outlook on anything.

    Nevertheless, if you accept that simple fact, Zerohedge will prove very useful by keeping your trading spirits in check and making sure you see all potential dangers ahead.
    Mar 18 04:10 PM | Likes Like |Link to Comment
  • Refiners are hit in reaction to a WSJ story calling attention to the squeeze they face from the rising costs of complying with a federal mandate to use corn ethanol in fuel. An EPA proposal, which could be made final as soon as next month, could force refiners and fuel importers to use more than 14B gallons of ethanol, up from 13.3B in 2012. VLO -4%, MPC -1.7%, TSO -2.5%, HFC -2.7%, WNR -3%, PSX -1.4%[View news story]
    Most of the ethanol that is produced outside the US comes from sugar cane, not from corn. Brazil is, by far the world's largest producer and it does so from sugar cane. Ethanol produced from sugar cane is noted for high carbon sequestration and reduced tailpipe emissions considerable. Ethanol is not perfect, but it is a step in the right direction.
    Mar 11 07:27 PM | 4 Likes Like |Link to Comment
  • Refiners are hit in reaction to a WSJ story calling attention to the squeeze they face from the rising costs of complying with a federal mandate to use corn ethanol in fuel. An EPA proposal, which could be made final as soon as next month, could force refiners and fuel importers to use more than 14B gallons of ethanol, up from 13.3B in 2012. VLO -4%, MPC -1.7%, TSO -2.5%, HFC -2.7%, WNR -3%, PSX -1.4%[View news story]
    Use natural gas too, by all means, which is also already used in vehicles in many countries including, once again, Brazil. The problem with letting political views get in the way of intelligent policies is the loss of objectivity. Most people are held hostage to political views and think that if they are pro something they ought to be against something else.

    There is no reason why all clean technologies can't be developed and used properly at the same time. The cost of solar energy has dropped by 80% recently to the point that it is already competitive in in the earth's sun belt and in California. Wind power is almost competitive compared to coal in Europe and getting close in the east coast, etc, etc. There are already millions of gas, ethanol, hybrid powered and even fully electric cars around the world. You get the point.

    The name of the game is natural gas, plus ethanol, plus win energy, plus solar, plus hybrid and electric cars, etc. None of these technologies is perfect and none is the solution alone. But all of them are getting better and cheaper and, in all likelihood, they will all be part of the final solution.

    PS: My life is very good and very enjoyable. Thanks for the tip, anyway.
    Mar 11 07:06 PM | 1 Like Like |Link to Comment
  • Refiners are hit in reaction to a WSJ story calling attention to the squeeze they face from the rising costs of complying with a federal mandate to use corn ethanol in fuel. An EPA proposal, which could be made final as soon as next month, could force refiners and fuel importers to use more than 14B gallons of ethanol, up from 13.3B in 2012. VLO -4%, MPC -1.7%, TSO -2.5%, HFC -2.7%, WNR -3%, PSX -1.4%[View news story]
    Oh, some of you need to get a grip, stop looking inward, and look to other places for examples of success.

    There many countries that already use ethanol successfully. In Brazil, for instance, many cars use 100% ethanol. Not, 13%,14%,15%, but 100%.
    Mar 11 03:31 PM | 2 Likes Like |Link to Comment
  • Evidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production. [View news story]
    "Doug Kass says Apple remains fine for trading and that he recently made a little money on it. Kass made the bear case in September, so his words here carry weight.

    His earnings estimates are still below consensus, yet he's predicting nearly $42a share in 2013 earnings, implying a forward price-to-earnings ratio (PE) of just 10.1. And his bearish case sees earnings growing 10 percent per year. I think Kass sees Apple as fairly valued.

    Intel currently carries a PE of 10.1. Analyst estimates for its earnings this year, according to Yahoo Finance, are $1.94/share, and for next year $2.10. Which would you rather own?"
    Mar 9 05:32 PM | Likes Like |Link to Comment
  • Evidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production. [View news story]
    Please go ahead and short Apple at these levels. I don't think anyone would stop you. let us know how it goes for you.
    Mar 9 04:47 PM | 1 Like Like |Link to Comment
  • Evidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production. [View news story]
    Microsoft should have done that 20 years ago. And yes, they badly need it because Windows remains extremely vulnerable.

    Everyone takes security issues seriously. That includes Apple, but Apple products are simply less vulnerable. Not invincible by any means, but much less vulnerable.
    Mar 9 04:45 PM | Likes Like |Link to Comment
  • Evidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production. [View news story]
    Not to worry, you are only crazy for marrying a Finance Accountant!
    Mar 8 04:54 PM | 1 Like Like |Link to Comment
  • Google (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50 actively-managed U.S. mutual funds, according to a Citi report. Google is also now the top holding among hedge funds - a slew of major hedge funds either pared back or fully unwound their Apple positions in Q4. After backing out net cash/investments, Google now trades at 15.5x 2013E EPS, and Apple at just 6.3x FY13E EPS. [View news story]
    Herd trading. Profit from it!

    Yesterday I closed most of my 2015 Leap $850 GOOG calls with a profit of over 250%. Thank you for running Google up in such a short time.

    Google may very well continue to go up, but at current levels Apple presents a unique opportunity. Again, the easy, inexpensive and safe play is buying $700-850 2015 Leap calls. When the stock bounces, and trust me, it will, you will make a killing without taking much risk.
    Mar 7 03:43 PM | Likes Like |Link to Comment
  • Leonard Melman: Are You Prepared For Hyperinflation? [View article]
    There are too many intangibles that may break or influence the correlation between gold and inflation, which makes the premise of buying gold perilous. There is a much more direct, safe and sure way to profit in the financial markets if there is inflation: shorting bonds. That's what professional investors would do first and foremost (whether they take a gold position or not).

    An easy and simple way to short bonds for an individual investor would be through shorting bond ETFs or, better yet, buying reverse ETFs such as TBT, which are already inherently short (so the investor can buy them long and have a short exposure).

    (TBT is leverage 2 to 1).
    Mar 7 03:32 PM | Likes Like |Link to Comment
  • Regression To Trend: A Perspective On Long-Term Market Performance [View article]
    I must agree. I appreciate the work done, but unless one plans to buy and hold in 25 to 50 year periods, the period chosen for the analysis is so long and the variables so broad that the exercise, from a real-world investment perspective, is really useless.

    Use a different starting point, say after the 1929 crisis, after the end of World War II, or after the 1970 oil crisis and the trend line becomes much steeper, drawing the peaks much closer to it and pushing the dips much farther away.

    The bottom line is that this is nice historical chart with almost no meaningful or real actionable trading value.
    Mar 7 07:46 AM | 1 Like Like |Link to Comment
  • The DJIA is up 0.6% in early trade to 14,211, surpassing the October 11, 2007 intraday all-time high of 14,198. The record closing high is 14,164. [View news story]
    Investors who have money in the market who, by the way, are usually the kind of people you find around this site, are making money. Isn't that something to celebrate?
    Mar 5 02:39 PM | Likes Like |Link to Comment
COMMENTS STATS
294 Comments
429 Likes