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Donkey Kong

Donkey Kong
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  • Nokia's Shares Are Benefiting From Irrational Exuberance [View article]
    "People will believe what they want to believe."

    H.L. Mencken
    Jan 11 08:34 AM | 4 Likes Like |Link to Comment
  • Call Me Crazy, But I Think Chesapeake Energy Has Turned Over A New Leaf [View article]
    You are definitely crazy.
    Jan 10 07:35 PM | 6 Likes Like |Link to Comment
  • Merry Cliffmas And Happy New Highs [View article]
    An algorithmic investment model based on price movement, relative or absolute, would seem to fit within the general definition of a momentum strategy in my opinion. Your ATAC strategy does not appear to incorporate traditional, bottom-up, fundamental analysis, but please correct me if that statement is false. Your comments about "relative price movements" and "change and adapt when price says I should" would seem to further support my observation that your ATAC strategy is primarily driven by price momentum.

    The ATAC investment model would seem to be similar to other proprietary, "black box" algorithms with only a broad general description disclosed publicly (NB - I'm curious whether you disclose the details of the model to clients.). Therefore, I'm guessing that the model analyzes inter-market price trends across a multitude of ETFs globally. The manager then selects a portfolio of those ETFs that demonstrate the greatest, relative, positive, price momentum. Again, why would you not categorize this as a momentum strategy broadly defined?

    There is nothing wrong with utilizing an investment model based on momentum and there are certainly many investors who embrace such a strategy. Given the extraordinary level of intervention in the global capital markets and therefore distortion of traditional price discovery, your strategy might trump traditional fundamental analysis, at least in the short-term.
    Dec 29 04:41 PM | Likes Like |Link to Comment
  • Merry Cliffmas And Happy New Highs [View article]
    I can only assume that you are a disciple of Gary Pilgrim. He would be proud that you are carrying on his momentum legacy.
    Dec 27 11:33 AM | Likes Like |Link to Comment
  • The Vicious V In Stocks And The Fall Catalyst [View article]
    Correction: between Pension PARTNERS and Dr. Faber.
    Dec 6 02:29 PM | Likes Like |Link to Comment
  • The Vicious V In Stocks And The Fall Catalyst [View article]
    As a subscriber to the Gloom Boom & Doom report, I have been curious why your work has been featured with such frequency (no other individual comes close). I assume there is no formal relationship between Pension Pulse and Dr. Faber, but it would seem to go beyond simple friendship. Maybe just chalk it up to all things contrary by Faber, both in investment outlook (bullish vs. bearish) and investment style (momentum vs. value).
    Dec 6 12:50 PM | Likes Like |Link to Comment
  • Doing Away With Debt Ceiling Drama [View article]
    There is no intention by TBTB of ever repaying $16+ trillion of U.S. Treasuries. It is mathematically impossible. The real issue in question is how long can the U.S. Government (as well as Greece, Spain, Italy, Ireland, Japan, etc.) continue to "rollover" existing debt that matures as well as raise additional money to fund budget deficits as far as the eye can see. This "rollover" issue reared its ugly head like never before in late 2008 / early 2009 with respect to all risk assets (i.e. every asset class except US Treasuries) and the global financial system almost imploded. It will happen again except U.S. government debt will also be persona non grata the next time around.
    Dec 4 12:26 PM | 1 Like Like |Link to Comment
  • Chesapeake (CHK +3%) attracts a new activist, as CHK reportedly is now the fourth largest position held by the Third Point hedge fund. But while Carl Icahn has been quietly acting behind the scenes and voices respect for Aubrey McClendon, Dan Loeb may not be as nice.  [View news story]
    Dan Loeb's letter to Aubrey McClendon will be a classic, but can he top the phrase "chief value destroyer"?
    Jul 3 12:58 PM | Likes Like |Link to Comment
  • The Summer Surprise Of 2012, Or The Great Realization [View article]
    "At this juncture . . . the impact on the broader economy and financial markets of the problems in the sub-prime markets seems likely to be contained."

    Ben S. Bernanke
    March 28, 2007

    So much for "forward looking markets". It doesn't matter until at some point it does.
    Jun 28 04:32 PM | Likes Like |Link to Comment
  • Chesapeake: What Analysts Are Missing [View article]
    Feel free to check in with Cramer who can also provide you with additional positive reinforcement. If the central thesis is simply a cyclical rebound in natural gas prices, there are much safer, cleaner ways to play it - DVN, EOG, SWN, UPL. Slippery management and lots of financial engineering are usually recipes for disaster.
    Jun 26 02:53 PM | 4 Likes Like |Link to Comment
  • Chesapeake: What Analysts Are Missing [View article]
    A fish rots from the head down.
    Jun 26 01:44 PM | Likes Like |Link to Comment
  • The Summer Surprise Of 2012, Or The Great Realization [View article]
    It's difficult to get a man to understand something when his job depends on not understanding it.

    Upton Sinclair
    Jun 23 06:17 PM | 7 Likes Like |Link to Comment
  • New accounting rules set to be approved Monday could sharply raise (on paper) the massive pension shortfalls faced by states and municipalities, though government officials insist the change is only cosmetic and won't force an alteration in their behavior or return assumptions. Prepare for "sticker shock" says a benefits consultant.  [View news story]
    This news is obviously bullish. DOW 36,000!!!
    Jun 23 01:54 PM | 2 Likes Like |Link to Comment
  • Depressed shares of Chesapeake Energy (CHK -4.2%) are worth more than $50 apiece and will eventually top $100, the head of top CHK shareholder Southeastern Asset Management says, adding that the company is on track to sell assets and create a "pristine" balance sheet.  [View news story]
    The level of analysis and your investment time horizon is inconsistent for someone who describes himself as a "swing trader". Maybe you have now morphed into an event-driven style.
    Jun 22 02:23 PM | Likes Like |Link to Comment
  • Depressed shares of Chesapeake Energy (CHK -4.2%) are worth more than $50 apiece and will eventually top $100, the head of top CHK shareholder Southeastern Asset Management says, adding that the company is on track to sell assets and create a "pristine" balance sheet.  [View news story]
    Give his valuation, Hawkins & Southeastern Asset Management should offer to take CHK private at $25 and reap the $25-50 in future gains all for themselves. He / They won't take such action because deep-down they don't believe the $50 to $100 valuation.

    "You will be better advised to watch what we do instead of what we say."

    John N. Mitchell
    Jun 21 04:31 PM | Likes Like |Link to Comment
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