The-Yellow-Rose-Street-Beat's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/94450/comments http://seekingalpha.com/article/99322/comments?source=feed#comment-284047 284047 Thu, 16 Oct 2008 17:50:06 -0400 http://seekingalpha.com/article/99322/comments?source=feed#comment-284045 284045
These are unprecedented times. That being said I think POT is still in very good shape and represents a great layer in buy for those with a very long term horizon or a great day trade (long or short) for those with a very short term horizon.

For those long stocks the real problem here are the hedge funds and investors who proped this stock up with leveraged money and now have to clean ship. When POT was trading at 200 it was still cheap relative to earnings. How can a company with a PEG under 1 be a bubble stock? The answer is that all stocks are bubble stocks to some degree. Those who get in early or those who get in later are fine as long as their continues to be people on the sidelines who think that the stock will go up. The moment the selling overwhelms the buying (seen by the breaking of key technical indicators) every stock that has gone up is on the wrong side of the bubble. It's just that simple.

Earnings are just one indicator of stock demand.

For that reason, as I have learned, when the charts turn and the trend is down it is usually time to get out unless one plans to invest for a decade or so or more and believes the price is good. No stock is an exception. They are all just pieces of paper and risk management, maximum loss limits, etc. must be predefined when getting in regardless of fundamentals when the charts do not point in one's favor (on the long or short side). ]]> Thu, 16 Oct 2008 17:49:02 -0400
These are unprecedented times. That being said I think POT is still in very good shape and represents a great layer in buy for those with a very long term horizon or a great day trade (long or short) for those with a very short term horizon.

For those long stocks the real problem here are the hedge funds and investors who proped this stock up with leveraged money and now have to clean ship. When POT was trading at 200 it was still cheap relative to earnings. How can a company with a PEG under 1 be a bubble stock? The answer is that all stocks are bubble stocks to some degree. Those who get in early or those who get in later are fine as long as their continues to be people on the sidelines who think that the stock will go up. The moment the selling overwhelms the buying (seen by the breaking of key technical indicators) every stock that has gone up is on the wrong side of the bubble. It's just that simple.

Earnings are just one indicator of stock demand.

For that reason, as I have learned, when the charts turn and the trend is down it is usually time to get out unless one plans to invest for a decade or so or more and believes the price is good. No stock is an exception. They are all just pieces of paper and risk management, maximum loss limits, etc. must be predefined when getting in regardless of fundamentals when the charts do not point in one's favor (on the long or short side). ]]> http://seekingalpha.com/article/97953/comments?source=feed#comment-270802 270802 Wed, 01 Oct 2008 16:39:47 -0400 http://seekingalpha.com/article/97953/comments?source=feed#comment-270797 270797
What may not be as obvious is that the downturn here may have been planned. I have found articles about the forced deleveraging but as I an not in NY the following is just a theory on my part... but one that makes a lot of sense. A group of smart hedge funds/big money may have purposefully sold at higher levels and shorted the stock to drive the price down. The result would be margin calls on overleveraged hedge funds and forced selling... which would drive the price lower and cause more forced selling... at which point the stocks would be further shorted... etc. etc. etc. Then you get bankruptcies (i.e. ala Ospraie) which cause fear and selling and more selling and the cycle goes on until some catalyst comes in (like the original bail-out proposal which bumped these stocks for a while... or the POT announcement of increasing buybacks etc. ) Ultimately the selling comes back on line and probably will until real money (i.e. cash) replaces the huge leveraging.

It's kind of like the short on currency in Asian countries in the 90s or the Soros/Rogers attack on the Pound in the early 90s (read about black Wednesday on Wikip).- when there is too much weakness for any reason the savvy and powerful smell blood. I think that many retail investors, including me, that knew nothing about all of this saw great companies whose earnings were likely largely resistant to the recession and have been unfortunate enough to be unwittingly involved in the war games of the rich and powerful.

Its like nothing I have ever seen before. Lesson learned. Still, in the long long run markets cannot be manipulated. Just ask Dow. ]]> Wed, 01 Oct 2008 16:36:45 -0400
What may not be as obvious is that the downturn here may have been planned. I have found articles about the forced deleveraging but as I an not in NY the following is just a theory on my part... but one that makes a lot of sense. A group of smart hedge funds/big money may have purposefully sold at higher levels and shorted the stock to drive the price down. The result would be margin calls on overleveraged hedge funds and forced selling... which would drive the price lower and cause more forced selling... at which point the stocks would be further shorted... etc. etc. etc. Then you get bankruptcies (i.e. ala Ospraie) which cause fear and selling and more selling and the cycle goes on until some catalyst comes in (like the original bail-out proposal which bumped these stocks for a while... or the POT announcement of increasing buybacks etc. ) Ultimately the selling comes back on line and probably will until real money (i.e. cash) replaces the huge leveraging.

It's kind of like the short on currency in Asian countries in the 90s or the Soros/Rogers attack on the Pound in the early 90s (read about black Wednesday on Wikip).- when there is too much weakness for any reason the savvy and powerful smell blood. I think that many retail investors, including me, that knew nothing about all of this saw great companies whose earnings were likely largely resistant to the recession and have been unfortunate enough to be unwittingly involved in the war games of the rich and powerful.

Its like nothing I have ever seen before. Lesson learned. Still, in the long long run markets cannot be manipulated. Just ask Dow. ]]> http://seekingalpha.com/article/85496/comments?source=feed#comment-209111 209111 Fri, 18 Jul 2008 19:57:00 -0400 http://seekingalpha.com/article/85496/comments?source=feed#comment-209109 209109
First and foremost I want to make a brief comment to GH. How is bashing Seeking Alpha helpful to anyone? There are some very intelligent posts on here. Not all... but some very good ones. In fact, when I am trying to learn about a company I am not familiar with I first look at the charts, then the key statistics/analyst estimates, and then go directly to the financial blogs in yahoo. Many are Seeking Alpha articles.

The blogs offer the retail investor a deeper look... if you don't like, don't agree, or already know everything written in them then don't read them! However, what you will not tend to find is unwarranted, self-driven bashing (often the case in message boards). Also, it is not the voice of "authority"... which is a good thing because many of the analysts I believe have their own agendas. The ISRG downgrade at 250? I called that a bluff (on my site) because I know ISRG has a solid business and I know that the stock keeps getting downgraded by some analyst for the same reason and then rises before earnings. It is up 10% since the "downgrade"... a nice little trade.

Everyone has to be able to think for themselves here. If you're looking for an "authority figure" you will either have to pay them a lot of money (and they may still be wrong) or you have to wonder if they are really acting in your best interest. The Seeking Alpha articles include thoughtful information in a concise place. Not bad.

Ok... now that I got that out of my system...

Aalen: Conference calls are like body language: it tells you the tone of the conference, how people feel about the company, and whether people really are impressed or not. The TSL CC is a perfect example. When GS asks questions I listen. When they gave a disapproving hint about the cash flow generation that meant TSL was in trouble at least short-term. The downgrade did not surprise me bc of the CC.

The CC also tells you about the management, details, so much there

Puerlfan:
Excellent points. This is why an article like this can be valuable... their are people who know thin film and other facets of the solar industry like no one else. I have to admit the prices of FSLR and ENER had me focus more on silicon based then thin film... however when one looks at the dependability and cash flow of the thin films (FSLR at least) it becomes clear why institutions have been holding them more so far overall.

frflyr: Solar will be there but don't discount wind or any of the others... There's a reason T.Boone Pickens is investing so much in wind farms... also nice addition with the info

Others: If I didn't mention your stock in detail it is because I chose to look at a reasonable group of stocks and focus primarily on those that are currently profitable. I expect that there will eventually be pruning and consolidation in this industry and that it is still too early for anyone to tell how it will work out. For now all are in play... solid fundamentals and cash flow are pluses... but so is new technology.

Overall... if this article taught you anything you did not know or made you think then it was successful in its aim. Think of Seeking Alpha and other blog sites as an investment community and a place to generate and share ideas... not the final stop in decision making... and I think you will be more likely to unlock it's value and succeed.]]> Fri, 18 Jul 2008 19:52:59 -0400
First and foremost I want to make a brief comment to GH. How is bashing Seeking Alpha helpful to anyone? There are some very intelligent posts on here. Not all... but some very good ones. In fact, when I am trying to learn about a company I am not familiar with I first look at the charts, then the key statistics/analyst estimates, and then go directly to the financial blogs in yahoo. Many are Seeking Alpha articles.

The blogs offer the retail investor a deeper look... if you don't like, don't agree, or already know everything written in them then don't read them! However, what you will not tend to find is unwarranted, self-driven bashing (often the case in message boards). Also, it is not the voice of "authority"... which is a good thing because many of the analysts I believe have their own agendas. The ISRG downgrade at 250? I called that a bluff (on my site) because I know ISRG has a solid business and I know that the stock keeps getting downgraded by some analyst for the same reason and then rises before earnings. It is up 10% since the "downgrade"... a nice little trade.

Everyone has to be able to think for themselves here. If you're looking for an "authority figure" you will either have to pay them a lot of money (and they may still be wrong) or you have to wonder if they are really acting in your best interest. The Seeking Alpha articles include thoughtful information in a concise place. Not bad.

Ok... now that I got that out of my system...

Aalen: Conference calls are like body language: it tells you the tone of the conference, how people feel about the company, and whether people really are impressed or not. The TSL CC is a perfect example. When GS asks questions I listen. When they gave a disapproving hint about the cash flow generation that meant TSL was in trouble at least short-term. The downgrade did not surprise me bc of the CC.

The CC also tells you about the management, details, so much there

Puerlfan:
Excellent points. This is why an article like this can be valuable... their are people who know thin film and other facets of the solar industry like no one else. I have to admit the prices of FSLR and ENER had me focus more on silicon based then thin film... however when one looks at the dependability and cash flow of the thin films (FSLR at least) it becomes clear why institutions have been holding them more so far overall.

frflyr: Solar will be there but don't discount wind or any of the others... There's a reason T.Boone Pickens is investing so much in wind farms... also nice addition with the info

Others: If I didn't mention your stock in detail it is because I chose to look at a reasonable group of stocks and focus primarily on those that are currently profitable. I expect that there will eventually be pruning and consolidation in this industry and that it is still too early for anyone to tell how it will work out. For now all are in play... solid fundamentals and cash flow are pluses... but so is new technology.

Overall... if this article taught you anything you did not know or made you think then it was successful in its aim. Think of Seeking Alpha and other blog sites as an investment community and a place to generate and share ideas... not the final stop in decision making... and I think you will be more likely to unlock it's value and succeed.]]> http://seekingalpha.com/article/85496/comments?source=feed#comment-208326 208326 Fri, 18 Jul 2008 03:09:12 -0400 http://seekingalpha.com/article/85496/comments?source=feed#comment-208325 208325 It's interesting that seeking alpha chose this title for the article. The original article on my blog is titled: Long Term Bull Market-Solar. I am appreciative of Seeking Alpha for creating a forum to express and share ideas... however I personally would not have been quite as bold in my title...

I have a background in biochemistry (UCLA)and actually am best acquainted with the bioscience and pharma... although I have used my scientific knowledge and thinking to sharpen focus on broader swabs of the market. You will find the science breakdown included and also that as I mention this is not the "be all end all article", if there is such a thing, but intended as an investigative glimpse that is meant as a foundation to be built upon over time. I already added a subsequent follow up article on the issue of cash flow and the GS downgrade of TSL at the end of the article (under top posts)-LT Bull Market Solar. I expect to add more over time as I see solar being around for a long time to come...]]> Fri, 18 Jul 2008 03:08:02 -0400 It's interesting that seeking alpha chose this title for the article. The original article on my blog is titled: Long Term Bull Market-Solar. I am appreciative of Seeking Alpha for creating a forum to express and share ideas... however I personally would not have been quite as bold in my title...

I have a background in biochemistry (UCLA)and actually am best acquainted with the bioscience and pharma... although I have used my scientific knowledge and thinking to sharpen focus on broader swabs of the market. You will find the science breakdown included and also that as I mention this is not the "be all end all article", if there is such a thing, but intended as an investigative glimpse that is meant as a foundation to be built upon over time. I already added a subsequent follow up article on the issue of cash flow and the GS downgrade of TSL at the end of the article (under top posts)-LT Bull Market Solar. I expect to add more over time as I see solar being around for a long time to come...]]> http://seekingalpha.com/article/84967/comments?source=feed#comment-206611 206611 Wed, 16 Jul 2008 02:34:50 -0400 http://seekingalpha.com/article/84967/comments?source=feed#comment-206543 206543
BTW for those interested google the Yellow Rose Street Beat or click on the website to the left. Many have told me the site is informative and it is fun... ]]> Tue, 15 Jul 2008 22:51:45 -0400
BTW for those interested google the Yellow Rose Street Beat or click on the website to the left. Many have told me the site is informative and it is fun... ]]> http://seekingalpha.com/article/82471/comments?source=feed#comment-199884 199884 Mon, 07 Jul 2008 11:47:27 -0400 http://seekingalpha.com/article/82471/comments?source=feed#comment-199883 199883
John Montgomery, one of my favorite mutual fund managers, has held this for quite some time based on its quants. I still have to do the heavy DD but it is looking very promising...

BTW... for those interested I have a financial website at the address above.......]]> Mon, 07 Jul 2008 11:46:40 -0400
John Montgomery, one of my favorite mutual fund managers, has held this for quite some time based on its quants. I still have to do the heavy DD but it is looking very promising...

BTW... for those interested I have a financial website at the address above.......]]> http://seekingalpha.com/article/81879/comments?source=feed#comment-188340 188340 Thu, 19 Jun 2008 09:23:40 -0400 http://seekingalpha.com/article/80374/comments?source=feed#comment-188199 188199
By some with GTC stops. If the trend reverses the losses are calculated and minimal. If the trend continues move up the stops... ]]> Thu, 19 Jun 2008 02:11:27 -0400
By some with GTC stops. If the trend reverses the losses are calculated and minimal. If the trend continues move up the stops... ]]> http://seekingalpha.com/article/74345/comments?source=feed#comment-158424 158424
Yet POT will likely fall due to one major factor: Sector Rotation. AG and Oil sectors have been the place the big money has chosen as the safe haven in recent times. They have run enormously and the money has to go elsewhere for a bit. In fact I think that POT and MOS and AGU would have fallen further if not for the unbelievable quarters. If your willing to deal with some short-term stock price drops the dips here represent buying opportunities. However I like the author would buy in pieces here... I am considering opening a small position here and would add more if it drops to the 170s or lower...]]> Tue, 29 Apr 2008 03:21:52 -0400
Yet POT will likely fall due to one major factor: Sector Rotation. AG and Oil sectors have been the place the big money has chosen as the safe haven in recent times. They have run enormously and the money has to go elsewhere for a bit. In fact I think that POT and MOS and AGU would have fallen further if not for the unbelievable quarters. If your willing to deal with some short-term stock price drops the dips here represent buying opportunities. However I like the author would buy in pieces here... I am considering opening a small position here and would add more if it drops to the 170s or lower...]]> http://seekingalpha.com/article/74087/comments?source=feed#comment-156907 156907
I don't know him so I don't know. Anyone who has been following him for a while might be able to provide some useful insight here. ]]> Fri, 25 Apr 2008 20:17:07 -0400
I don't know him so I don't know. Anyone who has been following him for a while might be able to provide some useful insight here. ]]> http://seekingalpha.com/article/72372/comments?source=feed#comment-154230 154230 Mon, 21 Apr 2008 15:49:47 -0400 http://seekingalpha.com/article/72372/comments?source=feed#comment-154229 154229
That being said this looks, smells, and feels, dirty. I'm going to do some serious DD here as this stock has fell well into my "opportunity price" range. When the big boys ask analysts to cut a great company's stock down to size for 'em... if you can't beat em join em...

]]> Mon, 21 Apr 2008 15:48:58 -0400
That being said this looks, smells, and feels, dirty. I'm going to do some serious DD here as this stock has fell well into my "opportunity price" range. When the big boys ask analysts to cut a great company's stock down to size for 'em... if you can't beat em join em...

]]> http://seekingalpha.com/article/70476/comments?source=feed#comment-135676 135676
This rally will probably show some legs. Everyone wans to call a bottom and bears are appearing to others (even if they end up being right) as either negative or afraid or both. The fundamentals of a credit crisis that deals in derivatives that are many many times the global GDP will not wash away just like that. I can't even picture somebody saying that if they understood how deep this thing is.
However it is also true that some good companies with international exposure and/or in industries not affected by the economy have been sold down too much because nobody wanted to buy any stocks that would just turn around and go down the next day. These will shine. Eventually the wheels will come off the overall rally and it may happen before the summer, depending on whether there are any more shocks/bankruptcies. In one second the euphoria would fade.
For now though it is a good time for me at least to pare short positions and go long but believe me this will continue to be a profit taking market with large swings because the guys with the big money know that the fundies are not all good.]]> Wed, 02 Apr 2008 23:03:12 -0400
This rally will probably show some legs. Everyone wans to call a bottom and bears are appearing to others (even if they end up being right) as either negative or afraid or both. The fundamentals of a credit crisis that deals in derivatives that are many many times the global GDP will not wash away just like that. I can't even picture somebody saying that if they understood how deep this thing is.
However it is also true that some good companies with international exposure and/or in industries not affected by the economy have been sold down too much because nobody wanted to buy any stocks that would just turn around and go down the next day. These will shine. Eventually the wheels will come off the overall rally and it may happen before the summer, depending on whether there are any more shocks/bankruptcies. In one second the euphoria would fade.
For now though it is a good time for me at least to pare short positions and go long but believe me this will continue to be a profit taking market with large swings because the guys with the big money know that the fundies are not all good.]]> http://seekingalpha.com/article/52463/comments?source=feed#comment-100915 100915
This is an interesting take on CMED. I am the one who first posted on the SCOR board after it's IPO. Despite the recent pullback it has
done quite well.

I have also had a fairly large position in CMED since August for the very reasons that you mention on your blog.

I think that your picks have been right on and I agree with your train of thought (similar to mine). Comscore jumped after Cramer recommended it (reason alone to watch Mad Money IMO) and despite the pullback has a bright future.

Regarding CMED here is a blog I wrote about it before I invested in it in late July.

rosesryellow.blogspot....
I have a background in biochemistry from UCLA

Best wishes to you and the hedge fund in Atalanta, Zachary. ]]> Sun, 04 Nov 2007 19:47:08 -0500
This is an interesting take on CMED. I am the one who first posted on the SCOR board after it's IPO. Despite the recent pullback it has
done quite well.

I have also had a fairly large position in CMED since August for the very reasons that you mention on your blog.

I think that your picks have been right on and I agree with your train of thought (similar to mine). Comscore jumped after Cramer recommended it (reason alone to watch Mad Money IMO) and despite the pullback has a bright future.

Regarding CMED here is a blog I wrote about it before I invested in it in late July.

rosesryellow.blogspot....
I have a background in biochemistry from UCLA

Best wishes to you and the hedge fund in Atalanta, Zachary. ]]> http://seekingalpha.com/article/31888/comments?source=feed#comment-91096 91096 Thu, 12 Jul 2007 22:53:23 -0400