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Red Mountain Coffee: Here Is Who Just Lost 30%
The winner, by technical knockout is David Einhorn. The losers are the following: we hope they earn their 2 and 20 in other, more efficient and creative ways than merely chasing momentum...
Source: CapitalIQ
And this is what an after hour Brokeback Mountain massacre looks like.
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Oh dear, channel stuffing a product that costs $1 a serving, while you can the same for 1cent.
Complimentary Correction - should read - "Oh Deer"!
The iPod of coffee hahahahaahahahah. Next one to go is AWAY, the iPod of vacation rentals
Tyler, I submit that you create a column, "MOMO Watch," to canvass these pathetic, stock du jour outfits; to wit: as I have noted every single time with respect to these momo detonations, that most pathetic of all momo late-to-the-trend followers, is the 401(k) collection pool and erstwhile crib ( in the MTV sense ) of Peter Lynch, Fidelity Investments.
Hey Fido -- perhaps a little "diworseification" isn't a bad thing, when one of a certain mutual fund's top-10 holdings goes down the privy to the tune of 34% in a single evening...
The ad at the top of this page for me was one for Green Mountain Coffee at 15% off. Maybe they meant 30%.....;)
Past time to diversify out of paper altogether.
The harder they come, the harder they fall..ONE AND ALL.....
Despite being very bullish on the US economy over the long term, I actually admit I feel sorry for RobotTrader right now.
NFLX: gone
LNKD: gone
AAPL: practically gone
And now GMRC... then LULU ??
All the mo-mo stocks are dying one after another. The PigMen have once again achieved the unthinkable.
Just wait until GRPN becomes shortable.
can't wait. Does anybody know when it does? and/or when do puts start trading?
What about P? Anybody down with P, well then your'e down with me.
CRM holding strong, buy with both hands!...
Hamy!!!
how about CMG
this isn't the bullish you were looking for
looks a lot like aapl. i have sold my two year holdings in each down to 20%. that's a lie. i never owned either. i lose money on treasuries and gold miners because i'm conservative and a wretched trader.
also foreign currencies and oil and bond put etfs.
personal best (worst): after catching black monday for 900 to 23,000, gave it all back and 150% more in the next five years, mostly stock index puts. nice work.
I'm also bullish in the longer term. After the collapse of course.
damn it!, it was a toss up between shorting Green Mountain or Chipotle. I got a put on Chipotle. Son of a ... well, I guess it's only a matter of time for Chipotle's turn. Something in the back of my mind told me to short hard Netflix when Hastings was on the cover of Fortune Magazine back in July. But of course I didn't, son of a...!
"Green Mountain! I said Green Mountain you idiot!"
-David Einhorn
I didn't know the little voice in my head is David Einhorn. That does explain a lot of other things I'm wondering about.
Why does this sound like yahoo message boards with meth heads talking crossways to crack heads about jesus knows what.
All the mo-mo stocks are dying one after another. The PigMen have once again achieved the unthinkable.
Yes, lots of carnage out there. Fortunately, Crapola Corp. (CRAP-OTC), the leading distributor of small, discretionary, home decor items, is trading at world-record highs and is my largest single holding.
SAC oOoOoOoOoO someone is so fired
Blackrock thinks the stock price is ignoring fundamentals.
Socially responsible for losing a shit load of money...
I'd be buying that dip fer sure.
GM was also massacred today. Despite their supposedly rosy sales.
Yah think its a Buy?? ... Is it a penny dreadful... Value investing at its best.... Government Motors.... vaporizing hard earned since inception
Moma always said --Bottom picking is disgusting
GM's price has become tied to treasury yields due to its pension funding problem. The correlation in the last 6 months is uncanny
And of course...the number one "tool" is Fidelity. This is the same group that has been tossing the grenade from one side of its desk to the other on Chipotle. Trouble is, the freakin' pin fell out and these tools have no clue.
One by one these brain trusts are revealing themselves to be moron lemmings. Has anyone checked on the health of Charter Worth's bonus after that Abercrombie debacle.
Fire hose + the floor of the NYSE trading floor = the beginning of economic recovery
I believe Fidelity owned 15% of MF Global as well. They're on fire over there. Big bonuses all around
Was selling for 65 times earnings today before sell off....still way to high.
No way anybody could muscle in on this high tech, specialized niche market. Oh what was it they sell? Coffee.
Admiral Insurance down a lot today (on FTSE market) cos of all those fake personal injury claims.
Just who wants to 'invest in the 'market' when it takes weeks/years to go up and all gone in a few seconds
Did Paulson own any? Red Mountain Coffee? WTF? It sounds like some Grope-On scam stock.
Grope-On? Herman is that you??
One of my biggest regrets of 2011. I shorted this from $103 all the way to the top at $113-$115 range and then covered at $110 for breakeven. Too much fear of a run to $120. This is one where I should have stuck with intuition and discipline. Sick, sick, sick..... Still looking at PEET and SBUX and DPZ and BJRI. But boy I missed out here at GMCR.
Who's the next to fall....
ZIP - A squid favourite
Einhorn would be feeling pretty good today if he hadn't gotten crushed by his long GM bet today.
He probably had puts on GM as well so who knows.
GM got munched today? UAW goon/Obama shit stock.
Another consignment of physical silver is being delivered to me tomorrow.
See Silver: Shorting Consumes, Investing Conserves
Why I see "BlackRock" all the time today? Is it a falling object?
That Fucker passed close to Earth Yesterday - you not no nothin you sarry ass plick
Classic movie about a Bad Day there.
One of the ZHers made a great short case for GMCR in the comments a few days ago. The analysis was so clear that even I wanted to short this trash.
Whoever that was...GREAT CALL. Congratulations.
It was Caerus. It was trading at $61 when he made the call, and promptly jumped up to $70. I was watching it, thought about buying some Nov 19 puts today, with earnings coming out after hours. Didn't do it. Regrets. Congrats, Caerus, good call.
Shorting is a bitch. We know we are right in our thesis but just be off a few days and we get stopped out. Many, many more out there that we know will collapse at some point. Part of the reason I stopped shorting a while back. Timing will kill us.
Agree on all except AAPL. They can definitely move lower into the mid 300s, but with 80 billion in cash they are a bit different then most of these obscene PE companies.
And this is just the beginning. Burritos anyone? Look at these intelligent (ha) funds and the amount of this crap they have.
GM anyone???lolol NEXT!!
No shorts.
Agree on Apple & it's not just the cash. iPad demand and iPhone 4 demand are through the roof, too, and their laptop business is growing as more corps flee RIM and jump on the APL bandwagon.
Reggie's margin compression thesis is eventually going to come into play, but not yet. There are a lot of better options if you want to short something.
I'm pretty sure I can run a hedge fund. I mean, I am beating every one of these guys easily.
How does one get the job?
I worked at one in a non portfolio management capacity. The first and main requirement I could see was to walk around and pretend as if you are smarter than everyone else and have some magical insight into everything finance related.
Don't. Unless you already have millions to be able to afford the lawyers and penalties, I mean pay-offs, to the SEC when they come and try to butt-rape you over the minutest of details. That or make sure you are well-stocked on midgets to keep the SEC busy while you're trading.
Goldman Sachs: charged with fraud in hundreds-of-millions, gets off with penalty less than 5% of annual income.
Start-up HF: charged with fraud in thousands, forced to pay penalty 80%+ of annual income, driven into bankruptcy.
I think you can run an "unlicensed" HF for up to 10 clients or something like that. Disclaimer: consult your attorney. I am not a hedge fund expert.
There are no jobs in devo, pothead.
boom
edit: still think it goes to 40
Hey there, caerus. You were the one who made the case for shorting this. Again, congratulations of a great call.
thanks azusgm...nice to hear
time for a cocktail
David, is that you?
Great call, Caerus. I didn't buy any puts, but was damn close to doing so this morning. Hindsight, dontcha know.
thanks dawg...they sure tried to pump it into earnings though didn't they?
Damn sure did, and it worked on me. I kept thinking "someone knows something and there will be an earnings surprise." Almost bought some Nov 19 puts this morning, just for the hell of it. Dammit dammit dammit.
Oh well, live and learn. My other Nov puts had been taking a beating but bounced back a little today. Another day like today and I'll be in the money and could still have a homerun or two. Here's to reality in the markets. Cheers.
So give us some more stock tips. I usually get mine from Robo Trader.
This really depends on when you bought. If it was a year ago, you would still be up 60%.
But you would have lost a huge return.
http://youtu.be/jwlYo8EYTWI
Blackrock, 1-2 punch to the groin today...
Blackrock was on fox business today giving advice..go figure. Best he find a black rock to hide under.
The stock mini-bubble burst.
It's building a base.
Einhorn's hitting home runs...
...and we're stuck with the fuckin broke-ass Wilpons.
I thought JAT Capital, the momo chaser, was in on this as well. JAT loaded the boat on NFLX right before the last earnings report.
Y U NO WORK, MOMO?
after I clicked on this story green mountain banner ads came up.
they want you to help their stock to recover.
they want you to help their stock to recover.
Okay Fidelity, since I liquidated my 401K (last year) and IRA (this year) you now have my permission to fail.
The gold and silver I bought with the proceeds loves me long time.
Is this Herman Cain???
Herman Cain wouldn't have had Sharon Bialek's problemo. Were he sitting in the passenger seat as his power driver reached over to him, Mr. Cain would know what to do to get the job...BECAUSE HE'S THAT KIND OF GUY!
hahaha, ah yeah, HFT's set it up, momos take it up. Then you get boned. Jeez! The 7% Italian blowout was on the cards, Wall Street and the like will start to devour each other now. Nice. Longs to short, HFT's will lead the charge. Now this time NO BAILOUTS! You lazy f*cking greedy traders, you take the pain and you go and hang with the Occupy crew. For the smart Hedge Funds/basment traders/tequila drinkers all the power too you.
My favorite is the ads on the margins when reading this story!!
It's moments like these when I almost miss seeing the advertising on websites. The awesome irony of context-based ads would almost make it worth cluttering up the screen again.
How much did you pay today to get "it" for free?
What Green Mountain has fallen back to May levels and still has a 70 p/E? That isn't a fall, wake me up when it hits the real value of the company $5 a share.
Sodastream went up 5% and still hasn't dropped to a penny share where it belongs. The MOMOs are alive and well. Fine if you bought it in July you're fucked but most still have tripled over the last 52 weeks. If you want out of GMCR and bought at any time in 2010 you are sitting on a boatload of money. These garbage stocks need to be flushed forever, not just have a temporary drop.
There has never been a more overvalued stock market in history, period. The garbage today makes 1999 look like the definition of sanity. Record poverty, record food stamps, record drops in home values, record foreclosures, record unemployment, and RECORD HIGHS FOR INDIVIDUAL STOCKS???!!!!
If you play in this market you deserve to see your entire net worth vanish in the blink of an eye. That is the only way we'll ever revert to sanity in our economy. Those who can actually produce something of value will become valuable once again. Those with MBAs can lick the scum off boots for nourishment.
Duh, this is where the hyperinflation is hiding.
Maybe they can hit the bricks and turn the "A" for Administration to "E" for Execution of something the self-Master calls the real Business they can own.
DOW/SP500/NASDAQ charts reveals very overextended price action and another Wile E Coyote scenario...
http://stockmarket618.wordpress.com