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Rickthegeek

Rickthegeek
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  • What Should Youku Really Be Worth? [View article]
    Blame Bob Pizanni and CNBC. They like to over hype stocks and not tell you the true story. This is how people lose money. Just turn off the TV and do your own research. Pizanni paints a nice picture, but he is guilty of like most of the reporters on CNBC of not reporting the facts. He is big on over hyping stocks. I watched the IPO developing and Pizanni was orchestrating the hype. His words were, "This company is like the YOUTUBE of America." What American can't relate to YOUTUBE and this new IPO, YOKU. It is like you would be missing out if you didn't get in. The fact is also true that people bought stock with no knowledge of their filings. It was a classic day trading rampage for sure. It was amazing to watch the stampede and the herd being led to slaughter. This stock will fall as you say, once people figure out the true picture. Of course if the stupid retail investor (who only gets their news from CNBC), does not hear anything negative from CNBC and the truth, they (the poor souls) will continue to pile into this over frenzied stock. So, hopefully the truth will come out. Once it does as you say, there will be a major correction in YOKU.
    Dec 11 06:34 PM | Likes Like |Link to Comment
  • Nov. ADP Jobs Report: +93K vs. +70K expected and +82K prior (revised from +43K). The numbers suggest the employment situation is 'brightening somewhat,' but gains of this magnitude aren't enough to lower the unemployment rate, which will likely remain above 9% for all of 2011.  [View news story]
    It is still less than the 250,000 per month needed to bring the unemployment rate down. As it is, the unemployment rate will remain over 9% for the foreseeable future and the true number is 20% for those who have given up looking for a job and and their benefits have run out. And, I would not place a lot of faith in the ADP numbers, the proof is their revision of last months numbers. THEY WERE OFF BY 50%!!!!!!! So does that mean these current numbers are off by 50% also? So, 90,000 could become 45,000 next month, or could be 180,000? What kills me is that this is market manipulation at it's best. The DOW rally is based on a number that may or may not be true and we are still way below what we need to get this country on the road to reducing the unemployment rate.
    Dec 1 11:12 AM | 1 Like Like |Link to Comment
  • After racking up billions in debt, getting a gov't bailout and filing for bankruptcy, GM may now be eligible for tax breaks worth up to $45.4B, thanks to a little-noticed federal ruling last year allowing recipients of TARP bailout money to use tax-loss carry-forwards.  [View news story]
    These are the things that don't make any sense. Vote them all out and be done with it. It is robbing the American people.
    Nov 3 09:17 AM | 2 Likes Like |Link to Comment
  • October 2010: I've Got a Bad Feeling About This [View article]
    You are right. You can not prop up our economy with QE2 with 2 trillion dollars of additional stimulus. We are already a bankrupt country. We have IOU's of 14 Trillion on the books now for the next 10 years. How can our government afford to even do QE2 based on where we are now? This market run is based on an assumption that QE2 will take place. It has not even been voted on yet. The people in GOLD and SILVER already know this. That is why GOLD and SILVER are going to the moon, price wise. I would not be surprised if it hit 2000 by the end of this year.
    Oct 10 04:59 PM | 3 Likes Like |Link to Comment
  • The number and growth rate of U.S. households receiving food stamps has increased dramatically in the past year: 19.4M families, up 19.5% Y/Y. Some big states have suffered huge increases: Florida +31%, Texas +25%, California +21%.  [View news story]
    This is because these are the 3 states with the most illegal aliens in this country and they are using the system to get food stamps. The mother comes to America illegally and has a child and just because that child was born in America, she gets to have food stamps. Not only food stamps, but a quality education and all the health care they want. The 3 states illegals migrate to are California, Texas and Florida because of their easy hand outs. Who pays? We all do. Anyone living in the United States pays. And, they want to raise taxes to cover these costs which adds and adds to our deficit. These problems are not going away and they won't go away for decades. Now that I am on a rant, is anyone tired of news programs like CNBC manipulating the market? Everything is so bad this summer and then all of a sudden September comes and wow!! Everything is great! The truth is money managers are so far behind this year, that they have to try to get some returns on their funds. And don't ever listen to Cramer on CNBC. Do your own research. He was a former money manager, so he knows the tricks of the trade and he is one of the biggest market manipulators of all. Things to consider with stocks, are they over valued? What are their P/E ratios? Cramers saying, "there's always a bull market somewhere" should scare the bejeezes out of you. He will never tell you to get out of the market, even when he knows you should.
    Oct 7 07:03 PM | Likes Like |Link to Comment
  • Investor's Business Daily-100 China Edition? [View article]
    Dow 15,000 by March 2011
    Oct 2 09:31 PM | Likes Like |Link to Comment
  • Investors bullish on Ford (F) have a strong case to make, writes Barron's Jay Palmer, as the company has "become an earnings powerhouse, and any uptick in auto sales will only reinforce its gains." The stock, which closed at $12.77 on Friday, could hit $20 in the next twelve months.  [View news story]
    Ford is overdone as well as Apple. The problem is you have television personalities like Jim Cramer on Mad Money, almost on a daily basis promoting these two companies. Kind of makes you wonder what they are paying him to continually promote them. Both F and AAPL are overbought.
    Aug 1 07:26 PM | Likes Like |Link to Comment
  • The domino effect begins: Saudi Arabia indicates it will follow the United Arab Emirates in blocking key BlackBerry (RIMM) services. (previously)  [View news story]
    Look out below for RIMM.
    Aug 1 07:19 PM | Likes Like |Link to Comment
  • A recent Bank of America (BAC) selloff offers an attractive entry point, says Barron's Andrew Bary. With its dominant U.S. banking business and attractive brokerage operations, BofA should be able to earn good returns in a better economy, even as it shifts away from its reliance on consumer fees.  [View news story]
    no thanks. With the recent Citibank disclosures and Goldman Sachs fiasco, who can trust them. Not to mention the fact that nobody really knows what it in the 2000 plus manual for financial regulation and what the true future is going to hold for any bank. There is more to come.
    Aug 1 07:15 PM | 2 Likes Like |Link to Comment
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