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European Collapse Hedge Return: +25% In One Day; 48,586,180,011% Annualized
On Friday afternoon Zero Hedge brought the world's attention to a press release from a little-known company, that virtually nobody caught, one issued by Canadian company called Fortress Paper, which announced that "its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012." Our simple conclusion was that "if the chart of De La Rue is any indication of how banknote printers respond to potential European disintegration, it just may be that the best hedge to a VIX soaring to 80, aka "disorderly Grexit" as explained earlier by Citi, just may be TSX:FTP." Below is the chart of TSX:FTP since our 1pm on Friday. The stock is up 25% since our post, and roughly 48,586,180,011% annualized based on today's action alone. Not a bad hedge to a "disorderly Grexit."
And yes, even based on simple chart mumbo jumbo, this stock has may have a long, long way to go.
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Europe can mess up anything. By treating Spain differently they have created a huge mess.
"All PIIGS are created equal - but some are more equal than others!"
Maybe Orwell should have been a Euro Planner!
Be careful. Pretty soon they'll outlaw paper, and it'll all be plastic / digital. All the more to eat you with... I mean, capital control you with.
Yup..
Anyone know the thread type / component mix of paper in the D-Mark? Drachma? Euro?
I suspect there wasn't enough time to update and change it.. Find that out, and that will tell you what they're printing..
FTP - Fiat Toilet Paper!
Hope that bank note contract stipulates payment in gold. "Sure, sure, I'll pay whatever you want...just print me these drachma!"
what does ftp get paid in?
I guess buggy whip manufacturers had their last mo-mo trade days as well.
anti-tilson has been eclipsed by another zH creation
When paper is outlawed,
Only outlaws will have paper.
Like the CIA?
yep, dunder mifflin and 15 jobs gone....
There's always beet farm resorts...;)
Word is: something perfectly awful being announced in AH today. Last call for shorts.
Hey slaughterer I remember you saying your HF was triple short going into Friday's close. Beers on you later.
Beers will be served all around today.
How true!
"Four legs good, two legs bad."
- Ned
The printing machines are warmed up, full speed ahead!!!!
.... GO LONG WD40
Or fish oil, its main ingredient!
There's no fish oil in WD-40. Petroleum distillates.
The post caught you, so....
48,586,180,011% annualized
You missed your calling, the pink sheets are just waiting for ya.
an who makes FRN paper?
Here in the US it's made by Crane and Strathmore.
And they are a private co. Dammit.
Bob Kraft gonna' get RICH! - Ned
So many people here smarter than me.
You're here so you must be pretty smart.
Off topic, but a drone has crashed in Maryland. Will this be the first of many?
"drone crashed in MD" just means that Martin O'Malley is taking a nap...
Gauging by the size of the debris field it looks like it may have been armed... hmmm... how is that navy funding bill going?
http://www.cnn.com/2012/06/11/us/maryland-drone-crash/index.html
Only $104 million USD! One of four.
Robo? Where are you???????????????????????????????????????????????????????
Picking up his commission check from IBD for shilling their pump-n-dump mo mo stocks.
Yeap stocks down,oil down and gold up. He was wrong on all 3...
So the hedge for fire is sales of water hoses?
Well we're obviously going to need more paper...
TSX:FTP
~~~
Insert acronymns below...
To Stop eXits : Fireup Turbo Printers
Flash to pass.
What publicly traded co. makes Tear Gas, Masks, and Non Lethal ammo. I'm searching now.
Who wants NON-lethal ammo? The real thing may be in short supply soon.
what would a US based "risk indicator" soar on "news from Europe"? and of course "it wouldn't." Fraud by another name sheeple. Move along!
Tyler outperforms Einhorn's entire year in a few days of Tyler work....
Did you know that disco record sales were up 400% for the year ending 1976? If these trends continue.....Ayyy!
I love Staying Alive.
I feel like shorting it when it does it again tomorrow...
It looks like the DOW lost 580 points today.
/ES rode quite the rollercoaster today. Markets are fine though....
Looks like Dimon's crew needs to start reading Zerohedge to learn how to hedge.
And if they do.. Fuck you Dimon and fuck you JPM.
Who makes the ink?
Haha, silly investors. No one prints electronic currency...
A roller coaster makes huge profits on the highs that it never really cashes in on as it goes down the next dip. The irony of a roller coaster is that it never makes a plus; it just gives the illusion, the best it does is get you back to square one. Living on a roller coaster is a life where your illusion is the spice, we are Disney's childs and we never leave never-never land; sold on it hook, line and sinkered. There are wars, there are bores and there are casino whores. Life is for all types. Mine wore ties to funerals and open collars to the corporate firing squad. On a roller coaster it would lose its shirt and more. It preferred the merry go round of wooden horse play ground. Innocence has no price tab as its price cannot be quantified; only once its lost, then its mundane run of mill brine, where we dream of true, pure wine.
+1
What's this about casino whores?
Zerohedge effect.
Looking good, Billy Ray!
Feeling good, Louis!
They sure do know how to make ZH'ers a lot of money.
Coumpounded the return is 2.36E35 - more money than there is in the world even if you started with just $1. Even with just one penny. Or one mil (thousandth of a cent).
mil is 1/10 of one cent, 1/1000 dollar.