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Me So Einhorny!
Greetings from the Starbucks on the Google campus, which is cram-packed with people and laptops (these aren't Google employees, naturally; just slobs like me; I hang out here a lot because there's a Tesla supercharger here, and I can suck down all the electricity I want for free).
Anyway, when I saw all the chatter about how Keurig Green Mountain was getting its balls blown off after-hours, I was reminded of a post I did way back in November. The post relayed the news that, at long last, famed hedge fund manager David Einhorn was throwing in the towel on his GMCR short position. Here's a snippet from that post:
Well, David Einhorn has clay feet, just like you and me, so.........naturally..........this very public announcement came within days of the stock's highest point in history. From that point, well, things looked sort of like this (including after-hours action tonight, which is why I'm using TOS Charts instead of my beloved ProphetCharts). It's basically down nearly 70%.......
It just goes to show you........sometimes you have to be just a little more patient. (And in case you think this is an oddball exception, Einhorn actually just announced his fund had its worst month since August 2008).
A few other unrelated things on my mind......
- Even I've had it up to the proverbial "here" with the Steve Jobs worship. On the radio today, while I was hearing endless coverage of the new opera based on Cold Mountain (!) they let it be known that another opera was in the works for 2017...........about the life of Steve Jobs.
- Why do I keep getting the feeling that the Tesla X is going to suck once it's finally released? Every time Musk talks about it (and keep in mind, this goddamned thing has been delayed over and over again, and I'm one of tens of thousands of people with a paid reservation) he whines about how challenging it is. And it always comes back to those gull-wing doors. Just you watch: those doors are going to be failing left and right. The fact they keep bringing up what a nightmare the doors are just tells you it's going to be a problem, because even with my Model S, one of the (relatively simple!) door handles doesn't work anymore.
- Oh, and while I'm griping about Tesla, one other thing...........I think their success is starting to hurt them. It used to be that I could come in at once for service. These days, they are scheduling appointments nearly two months out! I frankly think Tesla has peaked, and - - how shall I say this - - there won't be any operas commissioned about Elon Musk's life in the coming years.
- advertisements -
Easy Peazy, Total bummer is now laughing into his beer. I heard he's letting some air out of the bag. Watch him! lol!
I guess name dropping Tesla is the new Escalade. Oh well. Hey, if it makes folks feel better about themselves. Whatever.
Tim ought to sell that house in SV. He knows the party is nearly over.
einhorn is also finkle ...just FYI
I just test drove a Tesla and, not surprisingly, loved it. BUT, I think the big boys are going to come in and crush them (or at least their margins) like a bug on the windshield within a few years.
Not sure which desk Einhorn trades through, but I'm of the opinion he got squeezed by the likes of Fid,Van, Blkrk and a couple other usual ETF culprits. Same goes for TSLA, CMG etc. Small number of shares held in large positions by firms/ETFs too stupid to know otherwise. There is no doubt in my mind that every time Einhorn called the loan post to short shares, they were feeding that info to larry curly and moe, who would then promptly send those bullshit algo buy at market orders into the system, put him offside quick.
Hard to beat the table when the deck is stacked like that.
Well funny thing. The drivers door latch broke on my 90 Jag about 3 weeks ago and I'm in the process of fixing it .... trying to fix it I was amazed about the shoddy engineering and construction on a $60k car from 1990. I'm in the process of re-designing it.
In the process I have been wondering if the design and construction has gotten any better. Now I may have an answer.
It is a Jaguar; everyone knows people buy those to try to impress others. The others buy a BMW, Mercedes or Acura and laugh at the Jag owners knowing they bought a maintenance nightmare.
Jaguar was Ford-owned during that period, so that door latch probably came out of a Taurus or Futura.
What is the relevance of the photo from Full Metal Jacket? I don't get it.
me so hooorny!