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Group On -> Group Off: The Infamous 'Matterhorn' Formation
Group-On, Group-Off is not the title of the new Karate Kid movie but we couldn't resist but highlight the sheer lunacy of this market...
Spot The Difference; between this...
and this...
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Now that's some funny shit right there.
Just running the stops before the drop to $1. Perfectly normal when you know exactly where all stops are and where it will be within a month.
Would the google $6B deal have been better or worse than the IPO?
I'd say "Eat that powder, bitch!"
The top one has the illusion of support. ;)
Benanke-son! Show me "paint the tape"!
GRPN is HTB and since mid-Feb has been in a decline that has wiped out 75% of its stock price. The price surge was more likely a short squeeze, not central planning.
Keep the Bernanke comments coming and you'll fit in with the cool kids soon enough!
What about the pro-forma earnings, the pro-forma earnings?
It's
Bernanke-san! "Paint Tape Hai!
I think this picture with the buy sell cartoon is the best of the year here.
There was a Groupon coupon on GRPN but it expired.
That 'joke' is as old as this 'news'
I think they are down to just two computers now...
The second one has a bottom?
So does my wife, but that doesn't mean I get to climb it either...........
I did!
KY instead of k2, huh?
At least it's better than the Half Dome formation.
http://www.kaweahcommonwealth.com/images/2008_0922MyCamera0084.JPG
that's called volatility.......day trader's wet dream.........
And tomorrows groggy margin call.
Party on Wayne! Party on Garth!
I'm not a smart man as Forrest Gump says, but I knew this one was a turd from day one
The second one is tangible......like precious metals.
One of these things is going to collapse horribly, and nobody will see it coming
#41
Fractals
looks like the last two TZOO squeezes... (robo is in for the long haul though)
Flashmob-trading.
The ponzi is sputtering out...needs a cough drop. Riii-Colaaa....
One took 2 days to create, the other 60 million years.
What did I win Tyler? :>)
This is exactly the kind of thing that occurs at major tops.. ramps, blowoffs, individual stock crashes.. everything is coming unglued.
I prefer a nice dinner or lunch in Zermatt, looking at the Matterhorn, more fun. Unfortunately too many Brits up there...
For those who haven't been there in person, the Matterhorn is one bad-ass spike of rock.
no difference.
avalanches occur on both
I wonder if you can get a coupon on Groupon for the next Group-on.
I'd say it's more of a tinfoil hat formation.
theGlobe.com
Groupon, Groupon, where I have heard that term before? Oh yeah, it's what the "bathers" kept yelling at the new guys when I visited King Barry's "bath house" in Chi-town. Fun times!
I am not claiming the following as true or not (though I have my strong opinion), but many very credible analysts have all but declared Group On a literal fraud represented going concern based on alleged mistatements of material facts pertaining to their revenue, earnings, etc. If anyone doubts me, just do a simple search for a plethora of articles and analyses stating this case.
We're going to witness Jim Cramer's Winners of the New World v2.0 pretty soon, so get hedged and comfy. There's a long list of equities that have valuations that are not only batshit lunacy by today's standards, but would have been deemed so by the standards of 1999.
This is what happens when Bernanke and his fellow fractional reserve banksters completely break all markets, and everything consequently gets priced to beyond asinine and entitely unsustainable levels.
Bernanke is going to go down as the worst central banker of all time when the final chapter of history is written.
Oh that Cramer - he so crazy. He's long bullshit and short reality but that's enough to get you a spot on CNBCs SOTS and a syndicated show...
Stay away from these 'fad' stocks, TIS. Get into something solid like Zynga or FB. Any extra change place with the 'experts' of MFG or PFG.
"Pardon me, but would you happen to have any Grey Poupon?"
"But of course".
Would you settle for some of Cramer's Gay Poop-on?
If you had 100 million Dollars.
Would you allow your fund managers to buy stocks?
If I had 100 million dollars, I wouldn't have had fund managers to begin with, but probably a few good tax/asset protection attorneys and accountants.
A hedge fund and HFT-algo plaything.
Group On -> Group Off: The Infamous 'Matterhorn' Formation..
Thought that was a new adult video, for a second there.
Robo should be placed on top with his choice of Uggs, Underarmor, and/or Lulu-Lemon apparel... see if he can make it down alive
One more day, and the S&P will resemble that.
(I didn't post this.)
And retarded children will be able to doodle on a wall built to replaced the failed electronic tape.
I like how it went to exactly $8 and then plummeted. Somebody had a fat finger.
Inttroducing Groupon's latest deal:
Groupon toilet paper otherwise know as GRPN. Contact your local stockbroker for your supply.
Chi Tribune. should be held accountable how much they pumped that dog here. .. it was disgusting
The issue with a lot of these types of plays is investors are refusing to see the company for what it is - a fad. There is nothing wrong with a fad - they can generate enormous profits but are not sustainable.
ZNGA is another one - basing your whole companies billion dollar + valuation on a single game on Facebook is just stupid. Did they make a lot of money? Sure - but the valuation should have been discounted to begin with.
Wall St is pretty smart though - keep it private as the fad builds momentum, when right at the peak bring the company public.
They should bring these out in the middle innings of the fad phase so that the valuation rockets AFTER it comes public rather than start out high and crash down to reality. That is what you are supposed to do coming public - the best is supposed to be in the future, not the past. They are cherry picking these things to maximize revenue for selling shareholders vs doing it the right way.
Short term this is a windfall for them - long term they shoot themselves in the ass doing that because they lose any trust they might have left and ruin the market for future ventures.
just FYI, the purpose of the financial industry is to part fools and money
The Matterhorn is real, share valuations are imaginary.
Tyler...that cartoon was on my rookie cublicle wall when I first started in the business, back in the wee 90's.....thanks for the memories....
The difference is that the Matterhorn will still be there in the future.
One will still be there after Thursday.
Can I groupon for strip club? I suppose I should go to the lesser known Grope-on.com