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Deconstructing The Most Hated Trade Of The Decade, The 375% BoomBustBlog Apple Call!!

Reggie Middleton's picture





 

I hear so little hate on the Apple call these days. When the stock first dropped after the (3rd BoomBustBlog forecast) earnings miss and the lackluster iPhone 5 debut, all I heard was "well you've been pessimistic on Apple for years!". When I released my research to actually show that I've been one of the most realistic and accurate investor/analysts to follow Apple, I then heard "but your timing was off!". When I pointed to the specific call to move to the pessimistic band of my research in early October (when Apple broke $700, an all time high), and the stock dropped nearly 25%, all I heard was......................................................................................................................................................................................................

Let this be a lesson to one and all! Do not fall in love with a name, a stock, a company, or an idea. Save your love for your significant others and your children. Let's walk through a hypothetical BoomBustBlogger's Apple holdings, assuming he followed recommended research valuation bands, presumably pushing a 375% gain and counting, unless he decides to take profits at this point. I will do this by simply reviewing the blog posts. 

As you can see from the charts below, I have always been fairly accurate on the share price of Apple. I did personally try to short it last year as it missed earnings (and the price did drop), but it was only marginally profitable. After that my subscription research implied Apple's share price was not excessively valued in the base case scenario, implicitly riding the wave up via valuations. I even moved the optimistic valuation band higher on 3/15/12 after underestimating foreign and Asian sales. All of this does not discount the infamous margin compression theory that was the backbone of the pessimistic scenario, as we shall soon see.

As soon as I got a hold of an actual iPhone 5 I knew the real short was in. After a 42% rise in Apple's share price I publicly moved my focus towards the pessimistic valuation band in my October 12 post A Review Of The Accuracy Of Last Quarter's Apple Earnings Notes (subscribers see Apple 4Q2012 update professional & institutional and Apple 4Q2012 update - retail). This post and the several subsequent posts listed the specific reasons why I knew that Apple had officially seen its heyday from a stock value perspective. Front month slightly OTM puts on Apple (strike price chosen arbitrarily so as to protect the intellectual property that is the BoomBustBlog pessimistic valuation bands, which are for paying subscribers only) have yielded 314% so far. The ride up on Apple long stock (42%) plus the timely called ride down via short dated puts (314%) make a delicious dinner for the year and window dressing at your local underperforming hedge fund, eh?

apple puts small

Simply click here to subscribe, or gift the subscription to your local brokerage and banking buddies who just don't get it how this stuff works, to wit - The Blog That Could Have Saved That Institutional Broker - Or - Beware Of Those Poison Apples!!!.

I privately (for subscribers) moved the pessimistic valuation band several days earlier in the post Right On Time, My Prediction Of Apple Margin Compression 8 Quarters From My CNBC Warning Landed Right On The Money! Here's an excerpt:

To begin with, brand new Apple valuation and forensic research is now available to all subscribers. I suggest you jump on it now while it's hot...

 #0033cc;">apple product chart growth copy

Well, it looks as if my Apple ruminations and research have come to Fruition - and rather accurately at that. Since Apple has such a cult following, I will set the facts straight right here in a nifty little timeline as Apple tumbles in real time. This is to correct those who are comprehension challenged in saying that I've been crying to short Apple for 400 points. To begin with, I run a subscription site, I generally don't give away actionable advice for free, I charge for it. I have warned about Apple's macro and business conditions - yes, but whether to go long or short on the stock, I only opined in public once. Read below to see how that turned out. My next post will start revealing some of my actual subscription materials in order to make public the accuracy and prescience therein. Is it time for 1000s and 1000s of rose colored #iPhone sporting #iSheep and #fanbois to issue kudos to the BoomBust???

From a market and competition perspective, the writing was on the wall awhile ago. I blogged about this point often, and distributed the opinion and analysis freely. The fanboi-like naysayers apparently had a problem with differentiating fundamental reality on the street with share prices (which invariably lag). This was the case with Research in Motion, another very popular and strong performing tech darling which we also hit a grand slam on via bear run as we warned the stock will would drop from $60s and it ended up in single digits - see Hindsight Is 20/20, And As Luck Has It Our Foresight On Research in Motion Was Right On The Money Two Years Ago. The inverse came about with our Google research (Reggie Middleton currently leading the CNBC Stock Draft Pick contest, see his opinion on air here) as it went from the $400s to mid $700s to settle in the high $600s so far.

 aapl research accuracy copy

Monday, 05 November 2012 The Blog That Could Have Saved That Institutional Broker - Or - Beware Of Those Poison Apples!!!

Rochdale Trader Made Unauthorized Purchases Of As Much As $1 Billion In Apple Stock Last Month - Well, it's obvious the brokerage didn't buy that trader a subscription to BoomBustBlog.

Friday, 26 October 2012 After My Contrarian Calling Apple's 3rd Miss Accurately, I Release My Apple Research Track Record For 2 1/2 Years

I have been most accurate in tracking Apple over the last couple of years, as I have been with Google and RIMM (and from a tertiary perspective, MSFT) - the only tech companies that I have analyzed since the great crash. I'm more well known as a banking/finance/global macro/real estate guy, but my success in tech is comparable.

Thursday, 25 October 2012 Microsoft Is Doing What The "Has Been Giants Of Yesteryear" Were Afraid To Do, Make A Radical Change BEFORE ITS TOO LATE!

Friday, 12 October 2012 A Review Of The Accuracy Of Last Quarter's Apple Earnings Notes

 A subscriber convinced me to post the 1st quarter's valuation bands (subscribers, see Apple Margin & Valuation Note 03/15/2012) for Apple to squelch the comments of those who are guessing what's behind the firewall. Our base case scenario was right on target, and  during the target and after the earnings release I realized that we underestimated international (especially Asian) sell though and shifted the weight to out optimistic band which also proved fairly accurate. As all can notice, the pessimistic band is not show, and that is where the value lies here. I am now shifting my bias towards (that's towards, not to) the pessimistic band, for I feel Apple has now started to feel the competitive and margin pressures that I warned of, and has done so right at the deadline that I gave in 2010 (this is just as much a factor of luck as it is skill, alas, if it bears fruit it bears fruit). The latest valuation bands can be accessed by paying subscribers below (click here to subscribe):

Apple 4Q2012 update professional & institutional
Apple 4Q2012 update - retail
"iPhone Margin worksheet - blog download

image005 

Tuesday, 09 October 2012 Right On Time, My Prediction Of Apple Margin Compression 8 Quarters From My CNBC Warning Landed Right On The Money!

To begin with, brand new Apple valuation and forensic research is now available to all subscribers. I suggest you jump on it now while it's hot...

 apple product chart growth copyapple product chart growth copy

Well, it looks as if my Apple ruminations and research have come to Fruition - and rather accurately at that. Since Apple has such a cult following, I will set the facts straight right here in a nifty little timeline as Apple tumbles in real time. This is to correct those who are comprehension challenged in saying that I've been crying to short Apple for 400 points. To begin with, I run a subscription site, I generally don't give away actionable advice for free, I charge for it. I have warned about Apple's macro and business conditions - yes, but whether to go long or short on the stock,I only opined in public once. Read below to see how that turned out. My next post will start revealing some of my actual subscription materials in order to make public the accuracy and prescience therein. Is it time for 1000s and 1000s of rose colored #iPhone sporting #iSheep and #fanbois to issue kudos to the BoomBust???

 

 Monday, 08 October 2012 Apple Weakness Now Apparent To Others Besides BoomBustBloggers

Now that the weakness in Apple is apparent to all, and not just BoomBustBlog subscribers.... AAPL priced relative to the SPY... looking for this 4 year trend to break for the aapl story to be over as a market out-performer.

AAPL relative weekly rising wedge

Wednesday, 03 October 2012 Lauren Lyster & I See The iBubble Go iPop Once Those 10 Million MBS Trader Jobs Fail To Materialize As Bernanke Promised

 I discussed this in detail with Lauren Lyster on Capital Account. The margin discussion started at 7:55. In this video I also warned that when the iBubble goes pop, so goes the NASDAQ, and as if on cue...

Monday, 01 October 2012 iBubble, iPop - Apple Is Now More Than 97% Of The Personal Computing Market Capitalization! If That's Not A Warning Sign, You Can't Read!!!!

See how my subscribers read about the situation in detail two quarters ago!

Apple 2Q2012 results analysis Final - redacted Page 1Apple 2Q2012 results analysis Final - redacted Page 1

Apple 2Q2012 results analysis Final - redacted Page 3Apple 2Q2012 results analysis Final - redacted Page 3

Apple 2Q2012 results analysis Final Page 4

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Fri, 11/09/2012 - 17:19 | Link to Comment carambar
carambar's picture

I am raising money to fund a biotech firm whose goal is to find a cure to a very specific condition whose latin name is.. Excessivus Middeltonis alway rightinis never wrongoit.

wanna help

 

 

 

Sat, 11/10/2012 - 21:28 | Link to Comment Zero Govt
Zero Govt's picture

as Wacko Jacko showed there's no actual cure for narcissism

He sang look in the mirror to make the world a greater place but all Jacko could see was another trip to the plastic surgeon ...vanity, not much help changing the planet!

visits to the plastic surgeon can be a temporary relief but Reggie is out of range of the surgeons as he bought a GOOfy car, the Tesla electric turkey (range 32 miles and then you have to turn home for a 12 hour recharge)

so if he can't improve his looks at the surgeon it's just gonna get worse and worse for us here as the pent-up uber-ego needs to be released

Next Month from Reggie, "How I Look Even More Handsome, if that's humanely possible, in a Samsung S3 camera than an IPhone5"

fab, can't wait


Fri, 11/09/2012 - 17:04 | Link to Comment falak pema
falak pema's picture

well apple has been a good ride since the last three years; and Reggie has been apprehensive of Apple since it went past 350; when was that? 400 was seen as a crazy watershed. Here we are at 548 and its still a good buy. 

So what is the big deal; at one point WS was saying Apple would be worth 1 trillion cap. Madness is madness and obviously all bean stalks stop growing.

I don't know why people can't tell the wood from the hopium tree. 

Reggie is an analyst and he is good at it. Not a guy who tells you when to buy and when to sell. That call is yours. 

Sat, 11/10/2012 - 21:20 | Link to Comment Zero Govt
Zero Govt's picture

What Reggie is good at is deep-mining Apples financials and product profitability and projecting impacts from the likes of the clown-show at GOOfy who dumps their Android-zombie product un-priced losing money (true desperation tactics when you don't dare put a price tag on)

the hypocracy, not to mention clown act, of Reggie dissing a consumate world beating commercial company that makes profits on world-beating product after product like Apple while eulogising a one-hit-wonder company like GOOfball that hasn't had a commercial hit for an age, and is never likely to as it channel stuffs zombie product, Android, free into manufacturers boxes.. and coming from a man of maths and finance trumpeting "margin compression" at the WRONG company ..funny guy

then we come to Reggie's cherry picking selectivity on the share price argument. Over to Reggie (1st paragraph of above article)...

"...When the stock first dropped after the (3rd BoomBustBlog forecast) earnings miss ...all I heard was "well you've been pessimistic on Apple for years!". When I released my research to actually show that I've been one of the most realistic and accurate investor/analysts to follow Apple, I then heard "but your timing was off..."

When, like Elliott Wave, you're calling for a Bear market for 2 years on the trot as Reggie's done you're bound to get 1 or 2 calls right as a share price changes gear and dips. Shout "Bear'" for 24-48 months on the trot and he gets 2 calls right and he thinks he's Mr Accurate Market Forecaster

2 calls right in 24 (48?) months is not timing or accuracy, it's a religous mantra (Apple hating?)

Check Apples share price for the past 1 year against the Nasdaq.

Do you see a corellation? I see a perfect correlation between Apple and the Nas. Apples share price rises with the Nas and declines with the Nas. 

Reggie claiming it's due to his fundamentals or accuracy is absolutely nothing to do with Apples share price moves. Reggies claims for vindication, "I-told-you-so" and victory he predicted accurately Apples falls is BS. Apple correlates with the Nasdaq. 

Stick to your books Reg, take a look at that wheezing GOOfy nag you-ve staked you reputation favouring... it's your 'winner' but it's got only one-leg whose fundamentals look crapper by the day compared to thoroughbred, Apple, who you diss as "only got two legs" ...as a man-of-maths riding your one-legged 'winner' have you got a leg to stand on? 

Fri, 11/09/2012 - 16:48 | Link to Comment Itch
Itch's picture

Be alert Reggie and beware the Apple assassin's when you bad mouth their "tech", they're everywhere, they wont shoot you though, and your karate wont help you man... they will just bore you to death. 

Fri, 11/09/2012 - 17:05 | Link to Comment Zero Govt
Zero Govt's picture

when it comes to boring Reggie's 2 year long Apple-hater series is right up there with watching paint dry

thankfully its saving grace is how funny it is ..scratch that.. how funny Reggie is

Fri, 11/09/2012 - 16:19 | Link to Comment Phillycheesesteak
Phillycheesesteak's picture

Reggie reminds me of that con artist who claimed to be Sidney Poitier's son. If people are complaining that he's been bearish on Apple for a long time, it's because it's true. He hated it back when it was at 100. I'm no Apple fan, but try to tell the truth con man.

Fri, 11/09/2012 - 16:12 | Link to Comment Broccoli
Broccoli's picture

Idiot's guide to paid stock research:

1. Claim contradictory scenarios in the same report. The base case shows earnings growth and low PE so stock is undervalued, but margin compression means the stock is overvalued.

2. Stock goes up, update reports to reflect changing conditioins and lack of margin compression, claim future margin compression still coming.

3. Wait a long time until inevitable margin compression occurs. (I mean any company will eventually have margin compression.) Repeat step 2 as many times as needed until margin compression occurs.

4. Claim victory and cherry pick which contradictory statements were right in original report in step 1.

I mean seriously, if you wait long enough any stock goes down. So short side peddlers of paid stock reports can never be wrong as long as they include enough weasel-out scenarios.

Fri, 11/09/2012 - 16:10 | Link to Comment devo
devo's picture

Why is this guy so nice on the air and such a jerk on zerohedge?

Fri, 11/09/2012 - 16:13 | Link to Comment akak
akak's picture

The internet is the ultimate suit of armor.

Fri, 11/09/2012 - 15:47 | Link to Comment Dr. Acula
Dr. Acula's picture

GOOtube blew its wad on nonsense like developing Android, with nothing to show for it.

Is 20 P/E ratio really justified?

 

Fri, 11/09/2012 - 16:06 | Link to Comment alien-IQ
alien-IQ's picture

They were also just recently found guilty of patent infringement on their "adsense" program. They must now pay a 3.5% royalty to VRNG in addition to a fine (which has yet to be fully determined). This should cost GOOG about 600-800mil over the next 4 years on top of whatever immediate damages they must pay.

FWIW, VRNG is still trading at $3.40. I don't expect the price to stay there much longer. Could easily follow the chart pattern of VHC which went from $2.50 in 2010 to nearly $40 today after they won a similar law suit against MSFT (in 2010).

Fri, 11/09/2012 - 15:41 | Link to Comment Dr. Acula
Dr. Acula's picture

"when the iBubble goes pop"

What are you talking about, Reggie?

12 P/E ratio is hardly a bubble. So are you predicting an AAPL earnings collapse? Because it is just a "cult following"?

AFAIK, compared to any particular Android phone, the iPhone hardware has certain objective advantages. For example, iPhone 5 is brighter and has superior color presentation compared to the Samsung S3 phone and its hypertrophic color gamut.

In general, iPhone software runs natively rather than on a virtual machine (e.g. Dalvik VM), resulting in faster execution and smoother animation.

Will the iPad be displaced by the Surface tablet? What exactly are you predicting?

 

Fri, 11/09/2012 - 16:25 | Link to Comment freet0pian
freet0pian's picture

I'm all for native execution and have even hated Java in the past for it's VM execution but does the average consumer know this or realise that android apps can be slower? Mmm, no.

Objective-C? They'll just think that's an alternative to plan B. Lulz.

Fri, 11/09/2012 - 17:16 | Link to Comment Dr. Acula
Dr. Acula's picture

>Objective-C? They'll just think that's an alternative to plan B. Lulz.

No, it's not an alternative to plan B or preparation H.

Ceteris paribus, with native binaries iOS software has inherent advantages going forward including better performance, less battery consumption, better memory usage, and reduced thermal problems and will be preferred by consumers.

The link above clearly underscores the fact that "productivity" languages like Java and C# are going out of style. This has been happening ever since the MHz wars reached a standstill and multi-core proves to be nigh impossible to harness. Performance is where it's at. "Productivity" languages also lose their ostensible advantages when the cost of development is ammortized over the great number of mobile users.

Mobile games will keep evolving and eventually will be 3D with great production values and will practically require native to run smoothly and compete in the market. Mongoloid will continue to be burdened with a useless Dalvik and Android UI framework and disenfranchised Java developers will struggle to adapt or, more likely, abandon the platform entirely in search of better revenues.

 

Fri, 11/09/2012 - 17:41 | Link to Comment freet0pian
freet0pian's picture

You don't have to tout the advantages of native code to me. I design chips in VHDL and Verilog as code in C/C++ for embedded devices so if it was for me I would abolish almost every sw project which used those "productivity" languages in embedded devices because of the resource strains.

 

But I also don't think that the iDevices are some magic things that make devs code effeciently for their platforms. If that was the case every ios game would have the poly count and shaders like infinity blade.

 

If anyone wants real mobile games now, they have turn to the traditional hw houses like Sony because even when the iPhones and Galaxy devices have the resources for proper 3D games, no one seems to give a shit in that user group.

 

On a side note, pretentious latin seems only childish to me.

Fri, 11/09/2012 - 21:32 | Link to Comment Dr. Acula
Dr. Acula's picture

"Ceteris paribus" is no more pretentious than "etc.", i.e. "et cetera". People here should be at least somewhat acquainted with economics. "One of the disciplines in which ceteris paribus clauses are most widely used is economics" - http://en.wikipedia.org/wiki/Ceteris_paribus

>even when the iPhones and Galaxy devices have the resources for proper 3D games, no one seems to give a shit in that user group.

Agreed, but give it a few years.

Fri, 11/09/2012 - 15:30 | Link to Comment 3.7.77
3.7.77's picture

Ah Reggie Repeats $250 calls, wow good call.

Guess my 200 shares at $250 still don't look so bad. 

Fri, 11/09/2012 - 15:37 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

I was the 1st to report that Reggie is always right...

Fri, 11/09/2012 - 15:44 | Link to Comment alien-IQ
alien-IQ's picture

No, actually, Reggie was the first to report that Reggie is always right. He was also the second to report it....and third...and forth....and fifth...and tenth...and on and on and on and on and on to infinity.

Fri, 11/09/2012 - 17:00 | Link to Comment Zero Govt
Zero Govt's picture

too funny Alien, i'm outta oxygen  ;))))))

Fri, 11/09/2012 - 15:25 | Link to Comment Dr. Acula
Dr. Acula's picture

Reggie, did you account for this?

http://www.tiobe.com/index.php/content/paperinfo/tpci/index.html

"Objective-C on its way to become "language of the year" again... Objective-C crossed the 10% border for the first time this month and continues to rise. Other mobile phone application languages such as C, C++ and Java are not rising fast enough to compete seriously with Objective-C. Another possible competitor for the award, C#, shows a strong dip this year"

It sure looks like everyone is rushing into developing software for Apple iOS.

 

Fri, 11/09/2012 - 15:11 | Link to Comment Smiddywesson
Smiddywesson's picture

It's tough to use that logic-based fundamental analysis at a top, because late stage bull markets are not logic-based.  (Hence Keynes observation that the markets can remain illogical longer than we can remain solvent.)

It's great to be right, AND make money.  Grats.  Yet another great call Reggie.

 

Fri, 11/09/2012 - 15:27 | Link to Comment Dr. Acula
Dr. Acula's picture

FYI, "not logic-based" = ignoring $40 billion cash flow

 

Fri, 11/09/2012 - 15:13 | Link to Comment Stubert
Stubert's picture

Sure why don't we wait a few more quarters before you walk your Ric Flair strut.

Beware of what you wish for, if you want a pending Applocalypse.  Not all sheeples trade logically.  Many still trade on emotions.  Add that to all the HFTs out there, it's just a sh!t storm.  If apple goes down, it'll drag a whole lot of others down too.  Including your beloved Google.  Only google really has going for them is their Motorola Patents that they are using to vigorously fight back with, so that they don't have to continue losing money off each android phone they sell.  The Motorola patents are the true decisive key to Googles gaining market dominance.  The Microsoft Google suit will tell all.  Otherwise, google is still throwing good money into the firepit, just because they can. 

Like I've said early on, I aint a fanboy of anyone of them.  But I at least try to make a more objective view of the three companies, instead of cheerleading one company for x years, while money could be made with the other ones.  Sure they dropped now, but how much money was made or lost during the two years past?

If its all about the trade.  Then your strategy was off.  If it is about how you are able to predict apples margin compression (well two years later)  yah, I'd stick with my short-mid term trading style.  Then again, you DON'T give trading advice in your subscriptions either.  It's just your research and people are to decipher it's cryptic meaning accordingly.  Guess what?  You win even if you lose.  The beauty of disclaimers.

Keep on posting Reggie.  I like most of your stuff, just not all of them.

 

Fri, 11/09/2012 - 14:39 | Link to Comment dlmaniac
dlmaniac's picture

I was wondering where Reggie's victory parade is this whole week.

Sat, 11/10/2012 - 21:09 | Link to Comment Zero Govt
Zero Govt's picture

in fact Reggie was at preperations for Googles funeral ....Android was walking dead bleeding from the eyeballs and Ad-Rev is in A&E sucking on previous years earnings to stay alive

Reggie's putting a brave face on it, GOOfy's a "Hedge Fund"

fabulously funny .......there's no let-up in the comedy around here  ;)

Fri, 11/09/2012 - 14:35 | Link to Comment Abednego
Abednego's picture

Um.... reggie you have been bagging on Apple since late 2010 - early 2011 to my recollection - maybe even prior to that.  If I had ignored your calls to short Apple - and I did - I would have  bought stock in the low $300 range, collected signifigant, increasing annual dividends for the past 2 years and finally sold now after this HUGE bust for $550 - 600 bucks.... yep sounds like a losing strategy - thanks tips

Fri, 11/09/2012 - 14:34 | Link to Comment Jack Sheet
Jack Sheet's picture

SUBSCRIBE! SUBSCRIBE!
Then you get to see Lauren's thighs EVERY DAY!

Fri, 11/09/2012 - 15:18 | Link to Comment Zero Govt
Zero Govt's picture

there's lots of turkey thighs in there as well

and one complete turkey, Reggie

his Goofball missing misses must have cost subscribers a packet by now

Fri, 11/09/2012 - 14:23 | Link to Comment Zero Govt
Zero Govt's picture

"I hear so little hate on the Apple call these days. "

Don't call us, we'll call you (putz)

"..dropped after the (3rd BoomBustBBollocks) earnings miss.."

Missed GOOfy's earnings misses, that's 124 errors for your long-suffering subscribers

"..lackluster iPhone 5 debut.."

Goon's Android-Zombie Party was empty. 'Lackluster' isn't the word, a walking dead graveyard fits the bill

"...all I heard was "well you've been pessimistic on Apple for years!"

and overtly-optimistic throughout on Goonbubble's unravelling biz models

".. one of the most realistic and accurate investor/analysts to follow Apple.."

another Apple follower. Like GOOfy his hero, the also-ran wheezing unravelling nag

"..I then heard "but your timing was off!"

Not timing Reggie, the drowning glug glug sounds as you sink in hypocracy

"..and the stock dropped nearly 25%, all I heard was.................."

Are you referring to the before GOOfys missed ............................................ ?

Or the after-party GOOfy missed ..........."but they're really a hedge fund" .......BS ?

"Let this be a lesson to one and all!"

Nobodies taking lessons from an accountant that eulogises loss-making products like zombies Android and Tesla and misses GOOfy's misses with monotenous precision

"Do not fall in love with a name, a stock, a company, or an idea."

Reggie must have drowned in 22 tons of hypocracy just on that sentence alone

Fri, 11/09/2012 - 14:25 | Link to Comment alien-IQ
alien-IQ's picture

Remember how his "computer was down" on the day GOOG missed earnings by "a country mile"?

That move belongs in the hypocrisy Hall of Fame.

Fri, 11/09/2012 - 14:34 | Link to Comment Zero Govt
Zero Govt's picture

Yes absolutely bloody hilarious ...it was probably a Microshite crash (what a 'surprise') who he eulogises along with loss-making zombie products like Android ...from an accountant?

no wonder they're so happy cooking Wall Street bwankers books, sweepign away red ink like Reggie does with Android (never says a word, just eulogises the turkey) must be in their zombie genetic coding

and reason Reggie's office is in his attick is he probably drives a GOOfy Tesla, it's real (not claimed) range gives you a 30 mile circuit around your house...around and around and around we go ...he can't go anywhere, he's stuck in a rut

easily the most hilarious series, and contributing editor, to ZH since Leo topped himself ..none stop comedy

Fri, 11/09/2012 - 14:36 | Link to Comment alien-IQ
alien-IQ's picture

At least Leo had the good sense and humility to, on occasion, admit he was wrong. I think we'd sooner see Floyd Mayweather hit the Vegas strip wearing nothing but a thong and stilettos than ever hear Reggie admit he was wrong about anything.

Fri, 11/09/2012 - 14:53 | Link to Comment Zero Govt
Zero Govt's picture

I'm afraid we're in a Wacko Jacko narcissism loop til the bitter end/ing

the more idiotic he looks the more he writes articles asking himself soft questions nobody has asked him to show he's right (this is the 2nd such in under a week)

see above, he's asking himself his own softball questions while preening in a mirror but never addressing any hardball questions from the outside world, like..

- why do you keep missing GOOfys misses?

- why do you keep apologising GOOn squad their misses?

- why oh-man-of-maths-and-logic do you eulogise a loser like Android?

- where were you and your trumpet when GOOfy Ad-Rev started unraveling?

- why are you socio-economically retarded?

He's never going to come out of this loop... he'll flatter himself to death at some point or just fall off his one-legged nag of a horse and drown in hypocracy

Fri, 11/09/2012 - 15:10 | Link to Comment alien-IQ
alien-IQ's picture

He's become a sort of tragic Stuart Smalley parody.

You remember Stuart Smalley right?

http://www.youtube.com/watch?v=-DIETlxquzY

Fri, 11/09/2012 - 15:15 | Link to Comment Zero Govt
Zero Govt's picture

That's Reggie, right down to the voice

...er, without the blonde quiff though  ;)

Fri, 11/09/2012 - 14:36 | Link to Comment Jack Sheet
Jack Sheet's picture

Leo (or his zombie)is still around...
http://pensionpulse.blogspot.de/

Fri, 11/09/2012 - 14:39 | Link to Comment Zero Govt
Zero Govt's picture

He didn't top himself then? Shame ..i mean shame he's not still around ...er, here!

wonder if he's still calling for channel stuffing your pension with green Co's? 

he probably did really well with Solyndra ...along with the US President!!!

Fri, 11/09/2012 - 17:07 | Link to Comment Narcolepzzzzzz
Narcolepzzzzzz's picture

Leo's probably living in a cardboard box under a flyover.

Here are his solar stock tips from back in 2010:

http://finance.yahoo.com/q/cq?d=v1&s=csiq,jaso,ldk,sol,solf,stp,tsl,yge

The 2 year charts are priceless.

Fri, 11/09/2012 - 14:11 | Link to Comment ilovefreedom
ilovefreedom's picture

I don't know how I feel about this as the market is sometimes rational based on data and sometimes irrational based on rumor and sentiment.

In terms of market competition and profit margin erosion, yes Apple has met some complications.

But in pure data, their P/E is recdiculous. ~450B market share, $140B in cash and in absolute profit dollars is showing no sign of slowing.

Maybe it was overinflated to begin with and is now coming back to earth, but even though I don't appreciate them as a brand that fits into my own life, I can appreciate their success from a business perspective.

Fri, 11/09/2012 - 15:25 | Link to Comment Smiddywesson
Smiddywesson's picture

I don't know how I feel about this as the market is sometimes rational based on data and sometimes irrational based on rumor and sentiment.

Data doesn't matter as you approach the tops and bottoms, only lies, sentiment, and manipulation.  I'd go a bit further with that and say you don't even have access to meaningful data at the tops and bottoms.  That is reserved for the insiders and the big sugar daddy institutional traders they hope to attract when the market bottoms.

So what's left?  The chewy center where fundamental analysis works just fine.

Fri, 11/09/2012 - 14:05 | Link to Comment Zero Govt
Zero Govt's picture

Deconstructing The Most Hated Trade Of The Decade, The 375% BoomBustBlog Apple Call!!

 

'Kamakazi Clown in A&E after Apple-Hater Stunt Goes Badly Wrong'

 

(this is a Demo from The Short'n'Sweet Headline Inc Corp)

 

Fri, 11/09/2012 - 13:58 | Link to Comment fireangelmaverick
fireangelmaverick's picture

Now that Reggie is out here beating his chest Apple should bottom shortly. Longer term I doubt the high will be exceeded.

 

Fri, 11/09/2012 - 14:03 | Link to Comment alien-IQ
alien-IQ's picture

Since his Oct 1 appearance on Capital Account, GOOG has also fallen by about $100 and was (earlier today) negative for the year...but somehow that doesn't merit mention.

What was that about "falling in love with a stock"? Hmmmm.....

Fri, 11/09/2012 - 13:50 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Reggie, you are a GOD...!!!!!!!!!!!

Fri, 11/09/2012 - 15:08 | Link to Comment Zero Govt
Zero Govt's picture

now this is getting too funny for words  :)))))

Fri, 11/09/2012 - 13:44 | Link to Comment WaEver
WaEver's picture

So reggie, how much is your hedge fund up ?

Fri, 11/09/2012 - 15:07 | Link to Comment Zero Govt
Zero Govt's picture

Reg has given up doing maths ...it was too painful to bear after the Tesla and Android turkeys and then GOOfy's Ad-Rev model started collapsing too ...Triple Turkey Ouch!!!

Fri, 11/09/2012 - 12:56 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Reggie it was nice to see you bravely say a few good words for my friend Richard Koo, a great economist of compassion

Koo does not emphasise it enough, but Koo is a pro-worker, pro-labour man, who believes that any sound economic plan needs to support basic minimums for the lowest and labouring classes ... a matter of both economic and moral necessity

But I nonetheless wish you would put some distance between yourself and those censoring, criminally corrupt gangsters at Google Inc.

The Google Inc. that blocks websites about America's corruption, and helps to keep tens of thousands of innocent American black people in prison

However much you like the Goog monster business-wise, at least recognise them for the murderers and internet hoaxers they are ... Google Inc is the Joseph Goebbels machine of our time

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