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Group On -> Group Off: The Infamous 'Matterhorn' Formation

Tyler Durden's picture




 

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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Mon, 07/30/2012 - 15:26 | 2663156 LawsofPhysics
LawsofPhysics's picture

Now that's some funny shit right there.

Mon, 07/30/2012 - 15:42 | 2663226 101 years and c...
101 years and counting's picture

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.

Mon, 07/30/2012 - 17:06 | 2663484 veyron
veyron's picture

Would the google $6B deal have been better or worse than the IPO?

Mon, 07/30/2012 - 17:35 | 2663564 Overflow-admin
Overflow-admin's picture

I'd say "Eat that powder, bitch!"

Mon, 07/30/2012 - 17:42 | 2663587 Stoploss
Stoploss's picture

The top one has the illusion of support. ;)

Mon, 07/30/2012 - 15:28 | 2663160 bania
bania's picture

Benanke-son! Show me "paint the tape"!

Mon, 07/30/2012 - 15:35 | 2663199 FurZo
FurZo's picture

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!

Mon, 07/30/2012 - 15:38 | 2663211 Michael
Michael's picture

What about the pro-forma earnings, the pro-forma earnings?

Mon, 07/30/2012 - 15:59 | 2663260 HungrySeagull
HungrySeagull's picture

It's

 

Bernanke-san! "Paint Tape Hai!

 

I think this picture with the buy sell cartoon is the best of the year here.

Mon, 07/30/2012 - 15:31 | 2663164 Mercury
Mercury's picture

There was a Groupon coupon on GRPN but it expired.

Mon, 07/30/2012 - 15:58 | 2663259 Haddock
Haddock's picture

That 'joke' is as old as this 'news'

Mon, 07/30/2012 - 15:28 | 2663166 youngman
youngman's picture

I think they are down to just two computers now...

Mon, 07/30/2012 - 15:29 | 2663169 RhoneGSM
RhoneGSM's picture

The second one has a bottom?

Mon, 07/30/2012 - 15:46 | 2663238 ihedgemyhedges
ihedgemyhedges's picture

So does my wife, but that doesn't mean I get to climb it either...........

Mon, 07/30/2012 - 16:18 | 2663325 Grinder74
Grinder74's picture

I did!

Mon, 07/30/2012 - 16:35 | 2663381 sessinpo
sessinpo's picture

KY instead of k2, huh?

Mon, 07/30/2012 - 15:28 | 2663170 Occams Aftershave
Occams Aftershave's picture

At least it's better than the Half Dome formation.

 

http://www.kaweahcommonwealth.com/images/2008_0922MyCamera0084.JPG

Mon, 07/30/2012 - 15:29 | 2663175 MillionDollarBogus_
MillionDollarBogus_'s picture

that's called volatility.......day trader's wet dream.........

Mon, 07/30/2012 - 16:08 | 2663291 HungrySeagull
HungrySeagull's picture

And tomorrows groggy margin call.

Mon, 07/30/2012 - 15:29 | 2663176 Zen Bernanke
Zen Bernanke's picture

Party on Wayne!  Party on Garth!

Mon, 07/30/2012 - 15:31 | 2663183 azzhatter
azzhatter's picture

I'm not a smart man as Forrest Gump says, but I knew this one was a turd from day one

Mon, 07/30/2012 - 15:32 | 2663188 Dr. Engali
Dr. Engali's picture

The second one is tangible......like precious metals.

Mon, 07/30/2012 - 15:32 | 2663189 Row Well Number 41
Row Well Number 41's picture

One of these things is going to collapse horribly, and nobody will see it coming

 

#41

 

Mon, 07/30/2012 - 15:33 | 2663194 EscapeKey
EscapeKey's picture

Fractals

Mon, 07/30/2012 - 15:33 | 2663196 Squid Vicious
Squid Vicious's picture

looks like the last two TZOO squeezes... (robo is in for the long haul though)

Mon, 07/30/2012 - 15:39 | 2663212 Ineverslice
Ineverslice's picture

Flashmob-trading.

The ponzi is sputtering out...needs a cough drop.  Riii-Colaaa....

Mon, 07/30/2012 - 15:43 | 2663221 Cognitive Dissonance
Cognitive Dissonance's picture

One took 2 days to create, the other 60 million years.

What did I win Tyler? :>)

Mon, 07/30/2012 - 15:42 | 2663223 scatterbrains
scatterbrains's picture

This is exactly the kind of thing that occurs at major tops.. ramps, blowoffs, individual stock crashes.. everything is coming unglued.

Mon, 07/30/2012 - 15:43 | 2663228 PontifexMaximus
PontifexMaximus's picture

I prefer a nice dinner or lunch in Zermatt, looking at the Matterhorn, more fun. Unfortunately too many Brits up there...

Mon, 07/30/2012 - 17:26 | 2663534 ElvisDog
ElvisDog's picture

For those who haven't been there in person, the Matterhorn is one bad-ass spike of rock.

Mon, 07/30/2012 - 15:44 | 2663231 Frank N. Beans
Frank N. Beans's picture

no difference.

avalanches occur on both

Mon, 07/30/2012 - 15:46 | 2663235 Downtoolong
Downtoolong's picture

I wonder if you can get a coupon on Groupon for the next Group-on.

Mon, 07/30/2012 - 15:49 | 2663245 NoTTD
NoTTD's picture

I'd say it's more of a tinfoil hat formation.

Mon, 07/30/2012 - 15:55 | 2663251 BlueStreet
BlueStreet's picture

theGlobe.com

 

 

Mon, 07/30/2012 - 15:58 | 2663262 Grinder74
Grinder74's picture

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!

Mon, 07/30/2012 - 16:05 | 2663274 TruthInSunshine
TruthInSunshine's picture

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.

Mon, 07/30/2012 - 16:22 | 2663345 HD
HD's picture

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...

Mon, 07/30/2012 - 16:53 | 2663398 Arnold Ziffel
Arnold Ziffel's picture

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.

Mon, 07/30/2012 - 16:45 | 2663414 Strider52
Strider52's picture

"Pardon me, but would you happen to have any Grey Poupon?"

"But of course".

Tue, 07/31/2012 - 06:14 | 2664351 Disenchanted
Disenchanted's picture

 

 

 

Would you settle for some of Cramer's Gay Poop-on?

Mon, 07/30/2012 - 16:03 | 2663275 walküre
walküre's picture

If you had 100 million Dollars.

Would you allow your fund managers to buy stocks?

Mon, 07/30/2012 - 16:46 | 2663413 sessinpo
sessinpo's picture

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.

Mon, 07/30/2012 - 16:05 | 2663279 Bam_Man
Bam_Man's picture

A hedge fund and HFT-algo plaything.

Mon, 07/30/2012 - 16:06 | 2663286 Manthong
Manthong's picture

Group On -> Group Off: The Infamous 'Matterhorn' Formation..

Thought that was a new adult video, for a second there.

Mon, 07/30/2012 - 16:11 | 2663299 Squid Vicious
Squid Vicious's picture

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

Mon, 07/30/2012 - 16:12 | 2663305 roadsnbridges
roadsnbridges's picture

One more day, and the S&P will resemble that.

 

(I didn't post this.)

Mon, 07/30/2012 - 16:45 | 2663415 HungrySeagull
HungrySeagull's picture

And retarded children will be able to doodle on a wall built to replaced the failed electronic tape.

Mon, 07/30/2012 - 16:21 | 2663337 adr
adr's picture

I like how it went to exactly $8 and then plummeted. Somebody had a fat finger.

Mon, 07/30/2012 - 16:42 | 2663407 sessinpo
sessinpo's picture

Inttroducing Groupon's latest deal:

Groupon toilet paper otherwise know as GRPN. Contact your local stockbroker for your supply.

Mon, 07/30/2012 - 16:59 | 2663462 Meesohaawnee
Meesohaawnee's picture

Chi Tribune. should be held accountable how much they pumped that dog here. .. it was disgusting

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