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Presenting Morgan Stanley - The Biggest Netflix Loser
As we present Morgan Stanley in the role of the biggest Netflix bull (or is that loser? We are not sure we can use that word without preclearing it with the Wall Street directorate of truth), we eagerly await the barrage from the media that has a "gag order" on the investment bank with massive French bank exposure, that will shoot the messenger for suggesting that in addition to being a European bank risk derivative, Gorman's bank is also one of the biggest finders and keepers of momo darlings. As for the UBS Global Asset Management and Lone Pine analysts who loaded up to the gills on NFLX stock in Q2, we are confident you will have more than enough time to sample the company's streaming product in your extended search for the next job.
Source: CapIQ
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loser says what?
loser says find a retail bank in the parent company network to transfer all these "assets"
FDIC FTW!
well, you may be on to something....
somethings going on, and i dont mean for the good...
3 month tresury yields down 2 pts to 0.00%...
big money is running for cover in a major way...
possible major market correction in less than 48 hours???
dont know...way above my old pay grade....
thoughts?
Why should they? They can quickly backdate some sales to yesterday or earlier to their retail clients, having them to eat the loses and not themselves... I never quite understood why anyone in their right minds would ever let a company manage their money when they have their own proprietary trading desk with in-house profit and losses (different from their customers). This opens so many doors for abuse, it's crazy. But, I guess you get what you deserve when you give the job to manage your money to someone else...
Once again, in the Top 15: Fidelity Investments.
Fido is involved in a big way with so many dogs with fleas, Abigail Johnson is going to have to begin using Top Spot.
Woof.
You just sometimes wonder if the directors put the institution (Morgan Stanley) on the wrong side of the trade, just so THEY have someone to trade with for their personal accounts!
Check out the latest from the Capital Research Institue "On Behalf of the 99%":
http://www.capitalresearchinstitute.org
"...the media for the most part is completely in the dark, at best, or complicit, at worst.
The point being, people don’t really know WHAT they want, in terms of reform. Thats why the ‘Change’ gimmick worked so well for Obama. Because people KNOW they want change, they just want someone to tell them what will be changed, and why that will be better. Herman Cain’s 9-9-9 plan is the exact same. People aren’t worried about the specifics, they just know they want change. Well, I am here to help steer the herd a little, as it were.
What is needed is the banning of usury, an end to the Federal Reserve System, and a return to Sound Money, for starters."
Wonder what loser whacked this comment with a - ???? Well said, and yest sometimes the truth burns.
Price check in aisle 5, box of Vagisil for Morgan Stanley CEO. He can still use Vagisil for his Penis whiteheads caused by wrong positions (not sexual positions cause he's a small dick but market related positions).
#WeCantWait for the streaming video industry bailout from Obummer.
Future Jeopardy:
"Alex - I'll take Silver for $100.00"
B
Did Paulson own a bunch? He is always left holding a bag of shit.
I guess he sucks except when he colludes with Goldman Sachs on manip MBS.
But it's kewl, we will backstop it!
...hopefully with something someone actually wants to watch and hasn't got the same bandwidth caps all the teleco's have adopted.
What a poorly designed service.
Where ya been CPL? I've been hoping for some of your thoughts on the matter(s) of the day.
Welcome back and don't be a stranger.
South Park: " ..And it's gone....."
Some one please get Tyler some oxygen and a gator aid. I'm getting exhausted just reading this.
The times, the times, they're a changin'
OH! You know what they say:
IT'S ONLY A LOSS WHEN YOU SELL IT!
So better hang on that those shares boys FOR A VERY LONG TIME!i!!
Or invoke the Mark to Fairy Farts rule in International Accounting.
TBTBC - Too Big To Be Competent
Who was talking about the MS dump earlier today? A little front running of the NFLX numbers?
Sounds like a reason to start QE3
Christmas on Wall Street needs Uncle Benny's help with bonuses
Come on granny pony up so the big boys can continue playing with your money.
Netflix From 3 to 300 to ......, What Is Next ? http://hedge.ly/oMrpIy -- 85 bucks i guess was next ..
Poor Reed, his amazing perpetual personal wealth creation contraption (or how to turn $7500 into millions month after month after month) continues to produce less and less per month...
http://biz.yahoo.com/t/22/382.html
Loss is the new gain.
Let's dance!
http://www.youtube.com/watch?v=A_sY2rjxq6M
JAT Capital bought 2.6 Million share on Sept. 20th for around @ $130 per share.....hahahaha
Wow, pull up a 10-yr. chart and it looks like a Space Needle.
LOL...
welcome to the house of pain....robo
yeah, like silver. don't junk me bitchez.
Well silver was $10 not too long ago - so let's not compare silver to an overhyped stock like NFLX.
Wow,
blah, blawh blaw.
blahhhhhh....blawwww blah blah....blaaahhhhwwwww
that's it?...no smart ass general Jim comments?
Oh yea! Who are these pussy's with the ------ ????? Assholes
There is no fucking way Morgan Stanley is solvent. NO WAY!!!
Bleed the company dry, hide the good stuff off shore. Oh yeah, and sell your bad debt to Uncle Ben at the FED. Now you're solvent! Time to place more bets with 0% interest loans from, guess who, Ben at the Fed. Are we having fun now??
you pretty much called it, boss..
no wonder OWS keeps getting bigger..
There is no way any of the TBTF's are solvent. None of them. Many of the regionals as well. Accounting is a joke now. But the FDIC took over Community Banks of CO on Friday. What an absolute fucking joke the FDIC is.
You are not thinking straight. The Morgan Stanley folks realize they will be out of a job soon. And what do unemployed people do all day? Watch netflix duh.
Note the US Govt's main market laundering vehicle is #3. Good thing it's losses can just be added to the national debt.
Morgan Stanley is just full of surprises
SURPRISE! EZ is BK!
When AAPL goes it's gonna be hilarious.
And just which next Mo Mo Stock will take them down?
Aapl? Cmg? Crm? Pcln.
Wonder what Stocks they will liquidate to cover their losses.
I thought we would see Robo on that list.
Did he sell out and buy PMs?
Quite the opposite, look up. He's claiming he's been long Netflix for 10 years.
Edit: Actually JAT is the biggeest NFLX looser with 2.6 mil shares.
1.4 in options? Anyone explain that for a peabrain like me? sounds like warrants?
http://sec.gov/Archives/edgar/data/1065280/000090514811001749/efc11-552_...
Don't forget to count John Thaler's JAT Capital among the many LOSERS: http://www.marketfolly.com/2011/09/john-thalers-jat-capital-loads-up-on....
MS has 30 funds
perhaps they will have the losses well-apparitioned for halloween
MS: [Door creaking open sound] "Trickz or Treatz, Bitchez?"
Junior: [Loud shreik, running footsteps, then later] "Fuck-an-A, Mom, MS, is one scary house. I think I'll pass on that door. In fact, I think I'll pass on Wallstreet, period."
Mom: "Very good junior, very good. Instead of Occupying Wall Street, we should desert it. Good call, dear, good call. Some haunted houses really are haunted and really do have Zombies."
So many like NFLX. Cramer likes DPZ too. BJRI, is it really that tasty. SBUX or PEET the next GMCR? If I only had more $$.
I think what I love about it is that the Big Boys are now the Bag Holders.
They will have to hold this for 3 to 4 years hoping it will come back and not go down more.
I wish I had the faith to enjoy that thought. Chances are, if it is bad enough they will try to off load it to you and me somehow. Or the Fed will "ease" and everyone will pour back into stocks again, good, bad, or ugly.
there are no losers when you get free cash. Morgan Stanley didn't lose one dime.
Backstopped by the fed. Netflix stockholders and Morgan Stanley stockholdrs loose.
But the dirtbags at the bank will get billions in bonuses again.
Permature ejaculation for blockbuster
NQ absurdly overbought imo...shorting QQQ at 59...
bonam fortunam
This one line from the WSJ live blog on NFLX earnings call says it all:
Only one participant asked a question. This stock could drop to teens in no time! I believe the next mo-mo to blow up is Priceline. I name my own price: $50.
----------------
http://blogs.wsj.com/digits/2011/10/24/live-blog-netflix-reports-quarter...
Most of the movies they peddle on subscription are just plain shit anyway. I would cancel it immediately if not for fear of covert retribution from the females in the house.
This just looks like the who's who of mutual fund managers. I'm sure the only thing at risk for MS, Vanguard, American Century, Janus, etc. are the asset management fees they stand to lose after all their investor clients yank their money from the funds to stop the bleeding. But in all liklihood MS MS was betting against NFLX while they were pumping it for their investment clients. I mean, Golden Slacks does it...
...betting against NFLX while they were pumping ...
Such creates instant insider status and the privilege of riskfree, 'legal" frontrunning.
There are unlimited variations that create the instant insider. Impossible to police and therefore can only be controlled indirectly, such as progressive tax rates and throw out the absurd capital-gains and unearned income privileges.
http://money.cnn.com/2011/10/24/technology/netflix_earnings/
CNN announce 800k loss of subscribers.
And...we're done
And there's good old blackrock. Making every government shithead worker root for it's bastard child darlings or else no retirement for you. No worries through. The morgue is willing to dump all it's losers off on them any time they feel like it.
MSIM has never been known as a primo asset mgmt shop. This is yet another loser they've picked.
However, can I pls point out TWO things: 1) This is a loser NOW, after a one-day 25% drop...who knows where they got in and whether they even still own it? For all we know, they got in at the IPO level and are still in the money. When was this snapshot of positions taken? and 2) To the people who incorrectly pounce on this story with more of the usual "MS is insolvent" comments, the attached chart showing MSIM's exposure does not mean that Morgan Stanley has this exposure. The asset mgmt business is all about taking people's money & investing it in various parts of the market. MSIM has fixed income funds, emerging markets funds, US equityfunds...no different than Pimco or BGI etc. This has nothing to do with Morgan Stanley's own financial well-being and can in no way be added to the litany of exposures (France, China etc) which will supposedly drag them down into oblivion. This is the Asset Mgmt side of the business. MSIM. In other words, like a Fidelity or Vanguard...where the firm takes in fees for managing money. Not to be confused with MS' own proprietary investments. Netflix can go to zero and it will have no impact on Morgan Stanley's solvency. Doesn't mean the fund managers don't care. Doesn't mean that they're happy about Netflix selling off. Doesn't mean they won't suffer reputational damage & possibly lose clients who will pull their money out of these funds (only to put them into another fund just as it's about to invest in the next dud! Fund investors are notorious for pulling money out of poorly performing funds just as it's about to do well, and notorious for jumping into a fund with a tremendous 3yr track record just as it's about to have a loser year!). But the point is, all it will mean for MS' bottom line is that they will lose some of their advisory fee revenue, and depending on the structure of the fund they'll possibly lose out on performance fees. Again, it's not illegal, it's not fraud, and it certainly does not add any fuel whatsoever to this idea that MS is about to go belly up.
Nice try though...