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MOMO Stocks: "Escalator Up, Express Elevator Down"

Tyler Durden's picture




 

After plunging 30% after hours, F5 Networks is just the latest "story" stock confirming that companies that melt up on nothing but hype and hopium, take the escalator up, and the express elevator down. We can't wait to hear how Cramer explains the complete wipe out in all of his favorite names today.

Ridiculous yearlong meltup.

And the afterhours session. Where is the validation? Absolutely no conviction at the valuation floor.

Below is a list of the company's momo holders. Of note are Sands, Neuberger Lehman and Kingdon all of whom established their positions in the latest quarter.

 

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Wed, 01/19/2011 - 18:26 | 888538 AR15AU
AR15AU's picture

Harry had his stops set at $139...no problemo.

Wed, 01/19/2011 - 18:35 | 888577 Sophist Economicus
Sophist Economicus's picture

Yup.   And he'll have bought at the bottom of this drop of course, catching the dead cat bounce on the way up

Wed, 01/19/2011 - 18:37 | 888582 mynhair
mynhair's picture

God damn it!  Why ain't it a dead dog bounce!

Racist.

Wed, 01/19/2011 - 18:42 | 888598 Sophist Economicus
Sophist Economicus's picture

SORRY!    I didn't know there was a cat in the room when I said it -- will look around next time....Besides, some of my best friends are cats

Wed, 01/19/2011 - 18:53 | 888642 mynhair
mynhair's picture

Yep, that 'racist' whine works every time.

Wed, 01/19/2011 - 20:45 | 888850 Quinvarius
Quinvarius's picture

Have a beefy snack treat.  That is all my cat ever wants when he howls.

Thu, 01/20/2011 - 04:02 | 889399 Sudden Debt
Sudden Debt's picture

I REALLY LOVE TO EAT PUSSY!!!

Wed, 01/19/2011 - 23:41 | 889200 MilleniumJane
MilleniumJane's picture

Here's a dumb question:  Isn't that like betting black and red at the same time at the craps table in the casino?  I'm still learning...Thanks! 

Wed, 01/19/2011 - 19:13 | 888694 HarryWanger
HarryWanger's picture

Nope. Never owned it. Market pulled back 1% SPX today. It needs to go to 1250 which would be 3-4%. Then everyone will forget about FFIV's numbers and run it back up again. It'll work until it doesn't and there's no reason to think this rally is turning by any stretch.

Wed, 01/19/2011 - 21:52 | 888986 cclaeys
cclaeys's picture

1st of many, or second or whatever - anything associated with cloud, data center, network storage and saas is going to get roasted - outside of the big piggies that are already cheap, all of them overpriced junk - everyone cant be a winner and that is what tech has been telling us - this isnt your tee ball league, $RUT sucks and so does $SOX. Batter up!

Thu, 01/20/2011 - 03:15 | 889372 Arkadaba
Arkadaba's picture

I was positive on cloud computing a year ago. Since then have learnt that it really doesn't scale for large applications - so back to the data center and hard servers.  

But I think cloud computing still has a place - one app that has saved me tons of time is dropbox - I love it, my friends love it and my company uses it. (If you work on multiple computers, check it out.)

And overall, I'm bullish on tech (well .... compared to the rest) but think any tech investment requires serious due diligence. And I think some of the new kids on the block will surprise.

Thu, 01/20/2011 - 08:16 | 889493 homersimpson
homersimpson's picture

In other words, you and your dumbass "tight" stops will solve all your downward spirals. As if you can work faster than a HFT can..

You've sounded just like your historic YHOO-long-til-it-drops-to zero days since May... in other words, full of s**t..

Wed, 01/19/2011 - 18:27 | 888541 myTPisUSD
myTPisUSD's picture

Buy the wintergreen grizzly long cut!

Wed, 01/19/2011 - 18:28 | 888542 Ragnarok
Ragnarok's picture

Where are those circuit breakers? LOL.

Wed, 01/19/2011 - 18:29 | 888549 thepigman
thepigman's picture

What? Cramer's whole career is based

on mo-mo dogshit.

Wed, 01/19/2011 - 18:42 | 888599 myTPisUSD
myTPisUSD's picture

Yep.I watch Cramer when I need a good laugh

Wed, 01/19/2011 - 18:33 | 888566 gold mining ceo...
gold mining ceos are idiots's picture

So easy when playing with other people's money, sooo easy.

 

 

Wed, 01/19/2011 - 18:34 | 888569 Misean
Misean's picture

Must be time to buy...that would be a dip, correct?

Wed, 01/19/2011 - 18:35 | 888578 Rainman
Rainman's picture

Allianz is # 10 momo holder. Pimco's big boss say ouch.

Wed, 01/19/2011 - 18:37 | 888584 RobotTrader
RobotTrader's picture

Time to GET OUTTA DODGE???

Probably.  Worth a shot at putting on some PSQ and RWM tomorrow and see how deep they take it.

Wed, 01/19/2011 - 18:45 | 888616 erik
erik's picture

That's a little risky given the market's recent history (especially at tops), and given that jobless claims came in very high last week.  It will be tough for jobless claims to look bad tomorrow.

Today was ugly throughout, but in OpEx week strange things happen.  I think we'll see the highs re-visited before the curtain call.

Wed, 01/19/2011 - 18:40 | 888585 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

A sacrificial lamb used to maintain the delusion that this a fair and normal market.

Wed, 01/19/2011 - 18:44 | 888592 TruthInSunshine
TruthInSunshine's picture

 

"You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

OK. Here goes. Write them down -- no handouts here!: 724 Solutions (SVNX), Ariba (ARBA), Digital Island (ISLD), Exodus (EXDS), InfoSpace.com (INSP), Inktomi (INKT), Mercury Interactive (MERQ), Sonera (SNRA), VeriSign (VRSN) and Veritas Software (VRTS).

We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come."

 

Jim Cramer's Winners of the New World
Wed, 01/19/2011 - 18:52 | 888639 Bill Lumbergh
Bill Lumbergh's picture

So what if over half of them are out of business now...no one is perfect!

LOL

Wed, 01/19/2011 - 19:09 | 888688 IdiotInvestor2
IdiotInvestor2's picture

Priceless - thanks for this blast from the past.

But I know people who still watch his show. Seriously. They don't blame Cramer - because whoocoodanode ? Indeed. Whoocoodanode ?

Wed, 01/19/2011 - 19:30 | 888740 Frederic Bastiat
Frederic Bastiat's picture

2/29/2000, NASDAQ all time top of 5048 happened 10 days later.

Wed, 01/19/2011 - 19:31 | 888741 Frederic Bastiat
Frederic Bastiat's picture

2/29/2000, NASDAQ all time top of 5048 happened 10 days later.

Wed, 01/19/2011 - 21:57 | 888999 cclaeys
cclaeys's picture

how about JDSU and the king POS of them all - LVLT. I am sure if you are an 8 processor blade server you can keep up and scalp pennies, but it isn't a job for humans. I sold my shitbag soxs today at break even after being a day early -f'ing again. I am done, any excess cash I have now will go to high end guns, fuckem - I am done with this game - just leave my 401 in some terdy stable dollar fund and that is only because 100% employer match.

Wed, 01/19/2011 - 18:42 | 888597 theXman
theXman's picture

Jokes and gloating aside, F5 is still the BEST player in an important niche in the cloud computing arena -- I work for one of F5's competitors -- we are much bigger but also far behind.

I shorted F5 when price crossed 125, but quickly covered after realizing that the uptrend had not been broken. No regret even today.

Its long-term story is still intact, but the stock price has outrun the fundamentals. Give it some time to rest. It will come back. I'll be a buyer later.

Wed, 01/19/2011 - 20:22 | 888828 Rainman
Rainman's picture

....wear thick gloves, X. Me hands are cut to shreds catching falling knives. Just unsolicited medical advice.

Wed, 01/19/2011 - 18:45 | 888610 buzzsaw99
buzzsaw99's picture

Thanks for reminding me to tune in to the clown prince of wall street in fifteen minutes. Fifteen minutes to pump time!

Wed, 01/19/2011 - 18:50 | 888631 hdunn2
hdunn2's picture

cross reference large holders of AAPL?

Wed, 01/19/2011 - 18:55 | 888647 mynhair
mynhair's picture

BTFD!  FFIV!

lmao.

Oh, and don't forget NFLX.

Wed, 01/19/2011 - 19:13 | 888696 IdiotInvestor2
IdiotInvestor2's picture

Funny you mentioned it. I am hoping for a similar reaction to NFLX, as I am short since 170. Compare the 2 year chart of NFLX vs FFIV.

http://finance.yahoo.com/q/bc?t=2y&s=FFIV&c=nflx

Wed, 01/19/2011 - 19:21 | 888686 virgilcaine
virgilcaine's picture

The symbol itself is a joke.. ffIv? virgil was warning of weak mkt internals (NH/L,AD) while  some were pumping the pump monkey. Even aapl managed to close red.. what is the world coming to?

 

Blue Chip like IBM is strong though, they have  a new mainframe that can play Jeopardy!

For IBM, the Jeopardy challenge represents the next stage in the challenge of creating computers that can mimic human intelligence. 

 

http://www.computerworld.com/s/article/9205158/IBM_supercomputer_wins_first_Jeopardy_dust_up

Wed, 01/19/2011 - 21:39 | 888946 Hephasteus
Thu, 01/20/2011 - 03:41 | 889375 Arkadaba
Arkadaba's picture

IBM has been investing in human intelligence over the years by hiring researchers from a number of different fields:

http://www.watson.ibm.com/index.shtml

I think they are going to be around for a while. Their research projects are wide-ranging and some have been sucessful to say the least:

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


Wed, 01/19/2011 - 19:27 | 888732 monopoly
monopoly's picture

NFLX Hmmm, that might work.

Wed, 01/19/2011 - 19:40 | 888758 Don Birnam
Don Birnam's picture

Fidelity's name has been appearing higher and higher up the holders' roster on these hopium lists.

Fidelity Investments: Retail's one-stop momo shop.

Wed, 01/19/2011 - 20:17 | 888822 ghostfaceinvestah
ghostfaceinvestah's picture

Check out the mortgage insurers today, down 15 - 20% across the board, after being run up huge over the past month.

Insuring mortgages in this environment leads to quarter after quarter of losses - who knew?

Wed, 01/19/2011 - 20:19 | 888826 Caviar Emptor
Caviar Emptor's picture

Beware MoMo tech. Some key indicators of demand are softening.

Wed, 01/19/2011 - 21:07 | 888883 tmftdoyle
tmftdoyle's picture

you think to highly of the cnbc loudmouth: oil and gold, oil and gold. little mention of ffiv

Wed, 01/19/2011 - 21:45 | 888959 TheMadApe
TheMadApe's picture

Once everyone realizes that the Exchanges are a rigged Casino then we can end this reign of financial terror!

Wed, 01/19/2011 - 22:30 | 889091 Buck Johnson
Buck Johnson's picture

This is incredible, our markets can't sustain themselves.  They are being artificially pushed (I'm sorry meltup) up in order to give the illusion of prosperity to get people in and to spend and in reality it's still down at that 7 thousand and change dow it was at back in 2009 if not lower.  And the rest of the dow points over that is just fiat money keeping it up.

Wed, 01/19/2011 - 22:37 | 889108 treasurefish
treasurefish's picture

Ask and you shall receive (rarely).  Here is what Cramer thinks happened today!!!

 

http://www.cnbc.com//id/41154283

Thu, 01/20/2011 - 01:42 | 889305 samseau
samseau's picture

so bad

Thu, 01/20/2011 - 03:56 | 889393 oh_bama
oh_bama's picture

BTFD!!!

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