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  • As An Investment, A Spent Force [View article]
    I'm starting to think it's less about moving Reductions in Revenue below the line and maybe more about them using Deferred Revenue as their piggy bank. If they are short, they just accelerate a few million from next quarter into current quarter.

    No company bringing in this much steady and growing revenue for this long should have massive GAAP losses like this. Especially since they aren't building brick and mortar and equipment to build their business.

    I'm adding to my short if it hits $60
    Aug 22 10:15 AM | 1 Like Like |Link to Comment
  • Boring Was Sexy While It Lasted [View article]
    Ray - well played. I do that all the time, especially during an earnings week. Once the news is out and the option has priced, I can BTC for $0.05 or less at no charge. So if I've already made $.75 off of the $.80 premium by Tuesday night, why wait until Friday to make the final $.05?
    Aug 20 09:39 AM | Likes Like |Link to Comment
  • As An Investment, A Spent Force [View article]
    Very good article but I've learned the hard way that naked puts can be deadly on CRM. The premiums are high, the time decay comes quickly, and the person who sold you those puts could laugh all the way to the bank (again).

    What I've done is slowly accumulate short shares and sell OTM puts weekly to finance the position. So far it has been very good and that's pre-CRM crash. I have already resigned myself to the fact that when it starts to crash I'll just take the loss and 'buy to close' my current sold puts at that time.

    Short since 2010 and feel my day is coming in the next 12 months. And it's going to be a life altering day.
    Aug 18 02:11 PM | 2 Likes Like |Link to Comment
  • Should Disclose Profit Or Loss By Product Offering [View article]
    Also if they broke them out they'd be going against their internal Rule #3 "Never do anything that may expose CRM to a Goodwill write-down".

    For clarification:

    Rule #1 "Beat and Raise quarterly no matter how you have to do it"
    Rule #2 "Take as much money as humanly possible out of the piggy bank via stock options while following Rule #1"
    Aug 18 09:21 AM | 2 Likes Like |Link to Comment
  • Boring Was Sexy While It Lasted [View article]
    George, I hope your CREE was called before it moved down so rapidly.

    The wondrous thing about the covered call strategy is that we can all name many stocks that we owned at one time that were called away, locking in a small profit, only to see them fall precipitously later on.

    I always smile when I see that, which I know will get me some negative karma going. But hey, I didn't hurt anyone.

    I'm doing GME and CRM this week with your strategy. Good luck with your trades!
    Aug 17 08:41 PM | Likes Like |Link to Comment
  • Should Disclose Profit Or Loss By Product Offering [View article]
    well done
    Aug 17 10:18 AM | Likes Like |Link to Comment
  • SandRidge Mississippian Trust II- Nightmare Turning Into Reality [View article]
    you are correct, it's a Royalty Trust not an MLP. The 'sucky' part however is fully intact for SDR. (And SDT)
    Aug 16 12:00 PM | Likes Like |Link to Comment
  • Earnings Preview: Q2 2015 [View article]
    So in GAAP earnings they'll lose upwards of another $100mm while ridiculously enriching the management team with stock options. And will have shown another quarterly P & L that makes one wonder if their business model is even capable of making a profit.

    And all the while the Fed continues to taper away and inch towards a tighter monetary policy. I wonder how they'll refinance their debt next year?

    Tick Tock Tick Tock
    Aug 15 04:15 PM | 1 Like Like |Link to Comment
  • Signs Of An Approaching Bear Market [View article]
    I'm going to climb the wall of worry for the foreseeable future. I don't see a bear market this year. Maybe a correction but I'll ride through that.

    Now if all of your stocks are 'cloud based'** and none make any money, then yes you may be in for a whopper decline once the Fed stops buying bonds.

    ** Cloud Based - to be on the internet. These companies are all in business to greatly enrich the management teams. They may never becoming profitable on a GAAP basis. Ultimately, this will cause a painful revaluation of their stock prices.
    Aug 14 03:45 PM | 3 Likes Like |Link to Comment
  • SandRidge Mississippian Trust II- Nightmare Turning Into Reality [View article]
    You forgot to say STRONG SELL

    This is the worst purchase I've made in the last 4 years. I sold $7.50 calls and thankfully they were all called this week. I will never buy another MLP in my life. I cannot believe I put money into this thing when I could've easily done better in SPY or any other much safer, diversified ETF. Hell I could've purchased Treasuries!

    Aug 14 03:32 PM | Likes Like |Link to Comment
  • Cramer's Mad Money - 12 Things To Watch In The Week Ahead (8/8/14) [View article]
    He was spot on with Priceline dropping upon earnings beat
    Aug 11 09:16 AM | 1 Like Like |Link to Comment
  • Gilead to price Sovaldi at $900 in India [View news story]
    Every time I hear a statistic out of India it makes me thankful that I don't live there. It may be the worst country in the world for quality of life. And that lousy life touches 1 billion poor souls.

    I was hoping to hear some improvements coming since the rise of Mumbai in the service industries, but none of that apparently is funding the government or the economy to help these people.

    They have much bigger issues than the price of this Hep C treatment. They need clean water and a consistent food supply!

    And for the 10th time, no one pays $84k for the treatments, that is the MSRP. It's usually reimbursed by insurance at less than 50% of that number in the States.

    Does anyone actually look up facts before they barf our their articles on SA?
    Aug 8 12:24 PM | 4 Likes Like |Link to Comment
  • Why GoPro Shares Plummeted Today & What You Should Do About It [View article]
    Good article - totally agree. I caught the ride back up in both FB and TWTR and I believe this one will follow the path. Good insight.
    Aug 2 02:04 PM | 2 Likes Like |Link to Comment
  • In Beats Restructuring, Apple's Tim Cook Sends Subliminal Message To Pandora [View article]
    The Beats employees who had redundant jobs to people in AAPL HQ. It's an automatic "synergy" move that all mergers feel.
    Aug 1 09:29 AM | Likes Like |Link to Comment
  • The Crossroads Are Clear, But The Path Is Not [View article]
    YES that's exactly what I was picturing. Hilarious. And George, sleep well. You are the very best writer on SA.
    Jul 31 10:51 AM | 1 Like Like |Link to Comment