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Ted Bear

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  • Feds investigating Carl Icahn, Phil Mickelson for insider trading [View news story]
    Icahn has had a stellar outperformance. It is hard to find a time in history where such outperformance has not been met with death, or jail (well, maybe Goldman Sachs excepted, but they ARE the Gubment).
    May 31, 2014. 02:38 PM | Likes Like |Link to Comment
  • General Motors agrees to $35M fine and internal changes [View news story]
    Whatever the fine, you can be assured that it won't have any "sting" . GM is a $55 billion company. Fine 'em $20 billion and you can bet they will never make a mistake again.

    Today's fine is sort of like the fine that Goldman paid for their fraudulent behavior in the mortgage backed market. They made BILLIONS, and paid a paltry $500 million fine.

    Where is the deterrent in that? To be effective these fines should push the companies, and more importantly, the management, right to the edge so that they NEVER FORGET their wrongdoings.
    May 16, 2014. 01:26 PM | 1 Like Like |Link to Comment
  • Tepper Hedge Fund Trade: Long Apple, Short Russell 2000 [View article]
    You all liked him on the way up when he was pumping for the Fed.

    Now that the party is over (well duh, Fed is removing the punch bowl; they told you as much) you all think he is a dirt bag.

    Well, which is it?

    Or do we have a whole new generation of "money managers" whose only strategy is to buy the dips? That seems, historically, to be good for about a six year run, and then they get flattened.
    May 15, 2014. 08:36 PM | 3 Likes Like |Link to Comment
  • Why Rackspace Is A Good Short To $20 [View article]
    Must have said something quite powerful...just popped 10%!
    May 15, 2014. 03:58 PM | Likes Like |Link to Comment
  • Exchanges bust erroneous pre-close AOL trades [View news story]

    I love the way they do this...everyone has 'free access' to the market place to do as they wish, but then when they screw it up, they get a Mulligan.

    Why not just let them take their own medicine for being dumb and inattentive?
    May 13, 2014. 07:38 PM | 15 Likes Like |Link to Comment
  • Geithner tells of terror of crisis in memoir [View news story]
    Geithner walked in the footsteps of Paulson. Paulson saw an opportunity to grab a HUGE amount of money for his employer, Goldman Sachs, and thus we got "the sun won't come up tomorrow" speech, in spite of Congress trying to do the right thing.

    The rest is history and baggage which these men will carry to the grave: Weak economies, high unemployment, a moribund banking system, and deficits that can never be repaid.

    I doubt that Turbo Timmy stated in that way, however.....
    May 12, 2014. 07:40 AM | Likes Like |Link to Comment
  • Twitter execs sell shares; major investor distributes stake [View news story]
    No wonder the shills on CNBS have been touting the shares as a BUY all the way down...anything to suck in Mom and Pop--while deflecting their attention to the one tenth of one penny they are losing to the HFT guys!

    ALWAYS follow the money; not what (in the case of the TWTR Execs who said they were not selling any stock) they say!

    Nice. And the SEC will do what?
    May 9, 2014. 06:15 PM | 12 Likes Like |Link to Comment
  • Black eye: BofA suspends buyback, dividend hike [View news story]
    ...and folks want to buy these things because "they are 'cheap' relative to Book Value..."


    The financials of these large banks are so fugazy that you couldn't remotely calculate what fair book value might be, but it certainly isn't anything close to what people currently are guestimating.

    Wait for the next puke and you will see what people are REALLY willing to pay for a major bank.
    Apr 28, 2014. 08:55 AM | 7 Likes Like |Link to Comment
  • Apple: Why Do The Bears Get It Wrong? [View article]
    I'm from Missouri......
    Apr 25, 2014. 12:03 PM | Likes Like |Link to Comment
  • Apple: Let Us Not Get Overexcited [View article]
    Great Quarter. But now what happens when they miss? Buy Back is spent; Divy is spent. Stock split is done. Was this all done to appease Icahn?

    Big mistake.

    And the shares are now back to where they were two years ago.

    It was a good quarter. Why not just let it be, and keep the financial machinations for a day when they really need them? They have now shot the wad for a less than 10% pop in the shares.

    I am left shaking my head.

    Oh...and no new products. THAT is probably the greatest concern. Reminds me of HPQ, MSFT and all the others that FLEW, and then became high quality non-growth companies.

    Is that the NEW AAPL?
    Apr 24, 2014. 10:29 AM | 2 Likes Like |Link to Comment
  • Apple beats estimates on strong iPhone sales [View news story]
    Whew...bring on the financial engineering....stock split.....Buy Back.....


    Well, never mind that.
    Apr 23, 2014. 04:37 PM | 10 Likes Like |Link to Comment
  • Why Apple Is Heading To $700 [View article]

    It is different this time.

    That's what they said about Hewlett Packard, RCA, Eastern Air, Polaroid, Nokia, Motorola, MCI, Compaq, Bear Stearns, Wachovia...just to name a few.

    It's never different.

    They grow. They fly. They burn through cash. They die.
    Apr 22, 2014. 05:33 PM | Likes Like |Link to Comment
  • Citigroup: Buy Before It Gets Expensive [View article]
    There is an old rule when it comes to the stock market: Don't buy sick stocks. Citi is very ill; the Fed just told you so.

    For the record, i am short all of these things with the exception of JPM, which i covered on the sell off. If it ever gets back into the upper 50's, like the gap at 57.38, i will put the trade back on.
    Apr 20, 2014. 05:13 PM | 2 Likes Like |Link to Comment
  • Obamacare signs up 8M [View news story]
    For the life of me I don't understand why people make the Affordable Care Act particularly partisan.

    We have a plan, as it turns out, that was forwarded by a Democratic administration. The Republicans never did put forth a plan, which tells you what that group thinks about health care for every citizen. Basically, FU; we get ours for life; you get nothing.

    Okay. That's their stance.

    Personally, I have always chosen to have health care. My only beef is that I am paying for others who choose not to have a plan.

    Once again, that decision is fine as long as others don't espect something for nothing.

    But, when pressed, I wonder how many of the folks who decry a national health care plane are willing to allow themselves, their family, and their friends, to fall by the wayside? Are THEY going to pick up the tab for an uninsured friend?

    Or is it going to be like this: Individual drops to the ground from an appendicitis attack, or dishevels their body in an auto crash. Paramedics arrive. The individual has no health insurance, $27 in their wallet (which won't even cover the ambulance ride), and the single credit card which they carry is maxed out at $3,000!

    That's it. Kick the individual to the curb. They lay there in agony until they die. The body lies there until the scavengers pick it apart. Someone will, I am sure, grab the shirt and shoes. Perhaps even grab the trousers and the blood stained underwear. The rest is left to the vultures.

    Quite frankly, I don't have any problem with that choice. But how many of the blowhards here who are trashing the idea of a national health care plan understand that this scenario is how they, or their children, will die if we don't insist on people having health insurance?

    Not many, because they have always gotten a free ride.

    Until now. Now it is pay as you go. Nobody is going to "pay you forward" any longer.

    If you don't want health insurance, I understand that choice. But, do YOU?
    Apr 18, 2014. 04:13 PM | 6 Likes Like |Link to Comment
  • How Citi Gets To $77 By The End Of 2015 [View article]
    Too many of the "wait for tomorrow" analyses crossing my desk re Citi. Reminds me of people touting the future of AAPL. Nothing personal, poster, just my contrarion mind saying nobody sees a cloud; everyone sees bright skies ahead.

    What if these economic times are as good as it gets. Then what? What if Citi has to do a secondary to get their capital up to snuff? Then things are even worse. Those "tangible book" figures that everyone is touting could blow up in a heart beat. Look at DB--2% haircut and they are toast. Gone. What about Citi? 5%....i don't know, but they are skating much closer to the edge than many realize....except the Fed, who put them in the penalty box for good reason.

    I am short the stock, as i am all the majors with the exception of JPM which has been covered (temporarily) on the recent sell-off.
    Apr 16, 2014. 08:40 AM | 1 Like Like |Link to Comment