• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

David Tepper Dumps 20% Of Financial Holdings During Quarter Of Infamous CNBC Speech

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Fri, 11/12/2010 - 19:24 | 723648 themosmitsos
themosmitsos's picture

German truth in advertising police have more teeth than SEC investigations

Fri, 11/12/2010 - 19:25 | 723649 NOTW777
NOTW777's picture

in the old days this was a crime but now?

Fri, 11/12/2010 - 20:37 | 723785 doolittlegeorge
doolittlegeorge's picture

what "old days" are you referring to ?

Sat, 11/13/2010 - 14:00 | 724880 alibabaandthefo...
alibabaandthefortythieves's picture

The old days like this clown refers to in how he manipulated markets.

 

http://www.youtube.com/watch?v=HRa0B34jMOQ

 

 

Fri, 11/12/2010 - 19:28 | 723652 Apostate
Apostate's picture

Good catch.

Fri, 11/12/2010 - 19:30 | 723660 Id fight Gandhi
Id fight Gandhi's picture

A self serving fund manager? No.

Fri, 11/12/2010 - 19:36 | 723661 etrader
etrader's picture

RBS & Banco Santander could also be an  "Oops" with their pigs sovereign bond exposure.

Fri, 11/12/2010 - 19:31 | 723664 AccreditedEYE
AccreditedEYE's picture

But most poetically, he also bought $157 million of Cisco. Oops.

Your Bernanke Put didn't save you on that one, eh Davy boy? Nice!

Fri, 11/12/2010 - 20:39 | 723789 doolittlegeorge
doolittlegeorge's picture

so where's the poetry?  Now if you'd said "He thought he was ridin' with the Cisco Kid but instead was just following the Grateful Dead" then i'd be with ya'.

Fri, 11/12/2010 - 19:31 | 723665 InsanePonziClown
InsanePonziClown's picture

roflmao, he took down 45 million of etrade, lol............i guess he believed alot of trading would be done

Fri, 11/12/2010 - 19:34 | 723666 Bill Lumbergh
Bill Lumbergh's picture

Now everyone is repeating those words from this sell-side "expert" as if risk is so yesterday...was it Goebbels who said that if you repeat a lie often enough people begin to believe?

Fri, 11/12/2010 - 19:35 | 723669 nmewn
nmewn's picture

Pump dem stocks up all day long...doo dah...doo dah.

Fri, 11/12/2010 - 21:31 | 723899 espirit
espirit's picture

Yep, but now it's Tepurd!

Fri, 11/12/2010 - 19:36 | 723671 Sean7k
Sean7k's picture

A little more advertising of this and maybe people will end this career, hopefully.

Fri, 11/12/2010 - 19:36 | 723672 London Dude Trader
London Dude Trader's picture

All I can say is that I hate that hypocritical fuckhead with a vengeance. 

Sat, 11/13/2010 - 03:39 | 724382 equity_momo
equity_momo's picture

Room on your team for 1 more?  We all knew he would be dumping stock after that interview , lying asshole that he is. 

Id like someone to remind him about his claim that at s+p 1K he will go "all in"

Because when we are back at s+p 1k , my bet is he will be dumping stock with shit running down the inside of his fat thighs like every other momo chasing sheep in the market whos suddenly lost their nerve.

Fri, 11/12/2010 - 19:37 | 723675 RobotTrader
RobotTrader's picture

Heh, Tepper is obviously one of the "old school" investors.

Too many stocks.

Too much diversification.

He's probably getting run over by the younger, nimbler ones who have their entire stash in just 5 stocks:

AAPL

BIDU

NFLX

CMG

FFIV

Fri, 11/12/2010 - 19:44 | 723690 Bill Lumbergh
Bill Lumbergh's picture

You need to start listening to Cramerica for your investment strategy:

http://market-ticker.org/akcs-www?get_gallerynr=615

Earlier today I calculated the average P/E for those stocks is a little over 70.

Mmm...I love value.

Fri, 11/12/2010 - 19:49 | 723696 Id fight Gandhi
Id fight Gandhi's picture

I still don't get cmg. 240 a share for high end fast food. At least mcd and yum have diversification outside of north america and some hedging in commodity prices.

As sanford used to say "and beans and disease to you!"

Fri, 11/12/2010 - 20:29 | 723765 InsanePonziClown
InsanePonziClown's picture

always check a stocks float, it only has 30 million shares, and no debt

Fri, 11/12/2010 - 20:35 | 723779 Id fight Gandhi
Id fight Gandhi's picture

Yep, and margins less than yum and a pe of twice it.

Commodity prices will crush it since its mostly in the USA and Canada,

Hsy, df, kft,gis all getting pinched by the falling dollar and input costs.

Fri, 11/12/2010 - 22:47 | 724070 obamaphobe
obamaphobe's picture

The market cap of cmg puts each leased storefront fastfood restaurant at a value of $7,000,000.00.  You gotta sling a lot of burritos to make that fad business pencil. 

Fri, 11/12/2010 - 23:04 | 724096 dark pools of soros
dark pools of soros's picture

grab some COSI...  i rode it from the 50's to over a buck..  great food - if they get their head out of their ass they'll shoot up

Sat, 11/13/2010 - 00:01 | 724197 jeff montanye
jeff montanye's picture

answer: peak chipotle (hat tip to daneric).

Fri, 11/12/2010 - 20:41 | 723793 doolittlegeorge
doolittlegeorge's picture

how 'bout a little "interest rate sensitivity" with that free money mother...truckers!

Fri, 11/12/2010 - 19:38 | 723678 the rookie cynic
the rookie cynic's picture

David Tepper does not strike me as being very smart, nor trustworthy.  His interview was like a frat-boy talking smack. "Hey, I've got the world by the balls. Follow me boys."

Fri, 11/12/2010 - 20:12 | 723738 Cdad
Cdad's picture

That is exactly who and what Tepper is.  Search him, and it isn't hard to find the opinion trail.

The guy is typical scum, part of the never ending criminal syndicate known as Wall Street.

Sat, 11/13/2010 - 03:41 | 724383 equity_momo
equity_momo's picture

Ex goldman , do the math.  He is part of the club and knows whats going to happen along time before mere mortals looking at fundamentals or technicals do. All you need when youre in that club is a phone.

Fri, 11/12/2010 - 19:39 | 723680 treemagnet
treemagnet's picture

I remember watching that asshole and while being impressed by his record, couldn't help but wonder if he wasn't the expert in reading a credit induced bubble bull run economy that was basically dead at the date of his call.  Anybody right that long thats still not only swingin for the fence....but calling it.....is gonna go down hard.  And just like those fickle fans who love and hate you within the span of a pitch, his "loyal" investors will bail on him in even less time.  I remember watching him though....good performance.  The negative futures just fucking melted up as he spoke.  The heady, gregarious attitude oozed out of my tv speakers - I was pissed and calmed (knew his brand of bullshit) all at the same time.

Fri, 11/12/2010 - 19:43 | 723687 Tyler Durden
Tyler Durden's picture

The affidavits will be very interesting. Certainly looking forward to any discovery involving Jeffrey Toll.

Fri, 11/12/2010 - 20:40 | 723792 Fraud-Esq
Fraud-Esq's picture

Now you're talking. We need a clearinghouse of all accessible discovery in BK's and civil fraud cases. public access. connect the dots.  

Fri, 11/12/2010 - 20:44 | 723797 doolittlegeorge
doolittlegeorge's picture

apparently being told "they're angry C-bass" isn't good enough.

Fri, 11/12/2010 - 22:38 | 724049 Tyler Durden
Tyler Durden's picture

This is Epiq's free bankruptcy database. not all cases are here, but most.

http://www.epiqsystems.com/Chapter11.aspx?id=210

Fri, 11/12/2010 - 19:44 | 723688 GoldmanSux
GoldmanSux's picture

The prostitutes at CNBC did what they do best. Fuck viewers.

Fri, 11/12/2010 - 19:44 | 723691 detournement
detournement's picture

smart guy!

Fri, 11/12/2010 - 19:45 | 723692 Bob
Bob's picture

I must be getting punch drunk--I couldn't help but laugh about that.  He's an Ivy League boy, I would guess? 

Fri, 11/12/2010 - 19:50 | 723699 AccreditedEYE
AccreditedEYE's picture

That would be a bad guess Bob.. :)

http://en.wikipedia.org/wiki/David_Tepper

Fri, 11/12/2010 - 19:54 | 723704 Bob
Bob's picture

Oh, a real scrapper of a conman. 

Fri, 11/12/2010 - 19:46 | 723695 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Plus ca change ...

Ah, nice to see some consistency again.

Fri, 11/12/2010 - 19:49 | 723697 johngaltfla
johngaltfla's picture

David Tepper rooked in the suckers and now went CRAMERICA on them....

It's an old wrasslin' move:

Hit them with a steel folding chair after they've bought into his bullcrap, then cut them with a razor, and as they lay on the mat crying laugh at them and scream:

BOOYAH!

Fri, 11/12/2010 - 19:59 | 723715 carbon based unit
carbon based unit's picture

soooo... david was selling 'us' BAC while john chambers was selling CSCO shares to him?

 

SWEET!

Fri, 11/12/2010 - 20:03 | 723722 notadouche
notadouche's picture

How was it the TBT went up.  I wrongly sold yesterday thinking the natural move would be down.

Fri, 11/12/2010 - 20:10 | 723734 Misean
Misean's picture

Does he have to pay for those ads?

Fri, 11/12/2010 - 20:15 | 723743 Fraud-Esq
Fraud-Esq's picture

CNBC = THE CORPORATE BOILER ROOM. 

Fri, 11/12/2010 - 20:41 | 723750 Fraud-Esq
Fraud-Esq's picture

Tepper made his 2009 money off inside information, the legal kind - government inside. His old interview, he says it would have been illegal for the gov to nationalize the banks - WRONG. He bullshitted and gave them a bunch a reasons he was so sure...

The real reason? Likely a few phone calls. 

 

Fri, 11/12/2010 - 20:23 | 723755 molecool
molecool's picture

Time for some torches and pitch forks...

Fri, 11/12/2010 - 20:34 | 723777 max2205
max2205's picture

TD,

My crack lawyers will be right on it. Oh that's a web site

Best

Shellia

Fri, 11/12/2010 - 20:47 | 723802 unum mountaineer
unum mountaineer's picture

bank failure friday anyone:

Regulators seized two small banks in Georgia and one in Arizona

drank a bottle of wine last night..made a switch to beer for the night..cheers

Sat, 11/13/2010 - 00:10 | 724207 chindit13
chindit13's picture

I didn't think Georgia had any banks left.  I'm going to check Ancestry.com to see if there was a General Sherman in Sheila Bair's background.

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