I met Becky Hedler in August 1974, during a trip to Delaware to attend a summer camp sponsored by the OCA (Organization of Chinese Americans). Three of us started out in Ann Arbor, stopping briefly in Toledo where Becky (who was half-Chinese) joined us. She was a music student, and we bonded immediately. Becky apparently developed multiple sclerosis later in life, and passed away in 2006. The clipping below describes the person I remember to a 'T,' probably the most inspiring 'obit' I've ever read.
http://www.legacy.com/obituaries/toledoblade/obituary.aspx?n=becky-hedler&pid=19950174&
I was a fledgling (still fledgling!) solo pianist, and played a half-finished composition on 'Talent Night' at the camp with her encouragement. Highly characteristic of her that I'm only now discovering she could have played circles around me. In an era of self-absorbed Boomers, it's a privilege to have crossed paths with someone who put others first.
1974 was 41 years ago. Those years zipped by pretty fast. If there's anything I want to 'get around to doing,' man I'd better get around to it soon. That half-finished composition? Still half-finished. That's one reason I believe not only in an afterlife, but in an afterlife that extends to eternity. Can you imagine the knowledge and wisdom one can accumulate after a few million years.
ReplyDeletePretty good memory there, I doubt I would've recalled a brief acquaintance such as that.
ReplyDeleteBXE was top inside buyer on TSX yesterday with over 1.1 million shares bought. Formal reports aren't out yet (TSX does a preliminary notification report, which this was and is subject to error, followed by formal filings). Will be interesting to see who the actual buyers were.
ReplyDeletehttp://www.theatlantic.com/international/archive/2014/05/the-danger-of-financial-ignorance-do-you-understand-money/361851/
ReplyDeleteThis simple financial quiz stumped the masses
Here’s a simple three-question finance quiz. Take it and then see how you compare to the Americans, Russians, Germans and other nationalities who took it.
=> Pretty amazing that people don't know this stuff, especially in the era of self-managed retirement funds.
Man BB that's astounding, those are three easy questions.
DeleteI have no idea what it means, but its not good.
Goodbye Yellow Brick Road as in TWTR.
ReplyDeleteSold all, the paths to profits is somewhere else or else the lion needs to find a heart.
Going on vacation have a good week fellas
ReplyDeleteHave a good time - we'll try and keep the market together while you are away
DeleteYet another "victory".... or nail in the coffin?
ReplyDelete"Tuesday’s vote to raise Los Angeles’s minimum wage to $15 an hour by 2020 is being called “the most significant victory so far” in the push to increase the minimum wage nationally. "
YNDX - Not sure why this one is dropping again, perhaps Putin's been sabre rattling again?
ReplyDeleteBig move in TAN today.
ReplyDeleteIn a race with SAVE.
DeleteCramer talking up FCAU tonight. Did a pretty good job of telling the story (I'm sure its on their web site)
ReplyDeleteI find Cramer is not a bottom fisher, but a guy who is pretty good at jumping on trends when they are half way through. I don't consider him a negative indicator or top caller.
I kind of like Cramer, seems like he gets faded a lot though?
DeleteI think a lot of stocks, especially the small ones, get a bump from Cramer, and then drift back to their pre-Cramer values, so I think NY times did a study showing it was a pretty consistent money maker fading Cramer, but that's not really a fair way to evaluate him.
DeleteThe problem with Cramer and all people who pick stocks on TV, is they almost always just talk about their buys, but the sells of these are just as important.
I didn't realize solar uses phospo oxy-chloride...?
ReplyDelete"Tempress, Solar Subsidiary of Amtech Systems, Wins Second Large Multi-System Order for its Next Generation (HD POCl3) Solar Diffusion System; 1,200MW Installed or Ordered PR Newswire +5.17%"
Low tech horizontal furnace looks like, good enough for doping as long as uniformity doesn't have to be good. POCl3 is a really messy deal in any chamber but in a horizontal furnace the maintenance frequency is a real PITA unless you can tolerate crap all over your wafers. Technology from the early 60's improved with automation from late 80's
Delete5 independent tubes, 3200 wafers per hour
Stable high Ohmic processing up to 140 Ω/sq sheet resistance
Integrated high throughput full automation
5-stack system with height < 3,20 m
I kind of like Cramer. He's been bullish since 2009 so that has got to mean something. I'd take him over Hussman any day.
ReplyDeleteMy IACI had a decent day. I'm looking forward to getting the dividend payment on 6/1. First one I've gotten in 5 years.
Looks like lots of intraday reversals the past two days. Not sure if it's ominous yet. I'm hoping IBB keeps trending up.
PSEC - Trying some of this @ $8.08, speak up if you see something to not like.
ReplyDeleteQCOM - Sell one day and buy back the next. WTF.....
ReplyDeleteLOL, if you've got a 0.09 cent gain, better take it.
ReplyDeleteEYES - pulling down the IBB....
ReplyDeleteBLUE - Is there any proof that gene therapy actually works? If yes that would be a goldmine for sure. Can't say I personally know anyone who has received treatment, let alone successful treatment.
ReplyDeleteIs gene therapy the fountain of youth or a scam? Looks like insiders have sold nearly half their position, does this indicate they couldn't wait till gene therapy hit mainstream and completely displaces our current system of witch doctors and medicine men? I have to mention I think it's pretty incredible chemotherapy works and I'm all for saving lives and curing cancer, etc., but chemo is nowhere near the breakthrough of successful gene therapy by my definition by a long shot.
DeleteBABA - Has about closed that big gap down.
ReplyDeleteLL - Still trading at a stiff premium to book?
ReplyDeleteUnrelated: 3-day weekends are bullish.
BAH - Analists high hopes are being denied today, attempting to mislead perhaps?
ReplyDeleteGot a call from one of those pump and dump boiler room guys pushing a stock called EMON. He says he called me before (true) and tried to get me into PLUG (don't remember) and that basically I should buy some through TD and be ready for a triple as they want to get the profile and stock price up.
ReplyDeleteWhen I looked at the stock it has a $100 million market cap, a book value of -$800K, 100K in cash and the auditors have a going concern clause on the company. Obviously not for me, but put it on my watch list and will be interesting to see how it does and how it plays out.
The guy who called was really good, smooth talker and did a good job of pushing all the right buttons without being pushy - I was impressed and could see how people fall for his spiel.
I bet he's one of the guys behind EYES this morning? Or maybe ISNS? I sold a bit of eyes with a small gain a couple days ago b/c it kept sinking then this morning BOOM!
DeleteI've never gotten one of those calls. I feel cheated.
DeleteEMON - Probably a safe to short stock. probably can't though.
DeleteISNS - Take a look, this one doesn't seem unfairly priced? I think the long basing could run? Of course I have no detail of what they actually make.
ReplyDeleteMan, I LOVE that chart!!
DeleteIt's a Pessin Norman stock holding... FWIW I see the same stock is owned by some NY lawyer who owns ASYS and KTEC
Deletehttp://www.sec.gov/Archives/edgar/data/923666/000114036115001366/0001140361-15-001366-index.htm
http://whalewisdom.com/filer/pessin-norman-h
Yeah I like the chart too, that worries me. Some big monster company with resources could stomp this one into the ground I think. Big companies can step right over about any mote. Not sure if there's rye bread baking in this oven maybe?
DeletePSEC - Goes ex-div 5/27, pays monthly I believe that's $0.083 ($1.00/12)
ReplyDeleteI bought some y-day which was a partial fill that didn't expire(?) so filled the remainder of order today. I expected the order would expire but nope. Not a huge position of course.
HPQ - An old bud of mine stopped by and told me he bought this y-day.
ReplyDeleteIt’s an INFAMNIA.
ReplyDelete2. As Rick Santelli reported, there’s a statement within the FOMC minutes that boggles the mind. “In this connection, it was suggested that the tendency for bond prices to exhibit volatility may be greater than it had been in the past, in view of the increased role of high-frequency traders, decreased inventories of bonds held by broker-dealers, and elevated assets of bond funds.” So the FED is fearful of raising rates because of the concern of unleashing another taper tantrum by the markets. It is the FED that is largely responsible for the three elements it cites as creating an environment of possible uncertainty. The continued use of QE as its sole policy has broken the signaling mechanism of the bond market. To point to the potential volatility as a reason not to move too quickly on interest rates is at best disingenuous, and, at worst, an INFAMNIA;
http://yragharris.com/2015/05/21/infamnia/
“For pensioners, and for those saving ahead of retirement, low interest rates may not be an inducement to bring consumption forward. They may on the contrary become an inducement to save more,to compensate for a slower rate of accumulation of pension assets.”
DeleteThis is the crux of the QE debate and may solve the riddle plaguing economists as to why growth is so tepid. The baby boomers have cut back their consumption, increased savings in order to have enough assets for when retirement finally arrives. The problem is greater in the U.S. for older people are working longer and not making room for the next generation.
This is a good point except it seems too simplistic, the picture is considerably more complex.
DeleteKISS
DeleteAm I the only one creeped out by that Seaworld commercial?
ReplyDeleteIt's not bad until the guy says "and we love them"
DeleteIt's not bad until the guy says "and we love them"
DeleteMark, have not seen it, is it something like this?
ReplyDeletehttps://www.youtube.com/watch?v=YgGvd1UPZ88
I haven't seen seaworld advert either. Was noticing though keep hearing about seaworld this and that.... Stock promotion or summer advertising? If it creeps you out it probably creeps others.
ReplyDeleteBAH - My broker liked the earnings, I wonder if maybe this is indicative of less government contractor spending. Someone mentioned to me the other day he went to a base and the gate guards weren't military personnel, they were contractors. He thought that was very strange, in a troubling way,
KTEC - I really like this kind of stuff they make, processing equipment that ultimately makes the world go around.
ReplyDeleteVAR - During WWII Varian invented the Klystron vacuum tube for military radar A 6 foot tall vacuum tube. To do this they had to learn how to pump vacuum and leak check. This lead to an $$$ helium leak detector that the canned food industry jumped all over and BOOM the company took off.
ReplyDeleteLAKE - Here's another chart that looks like the ISNS chart.
ReplyDeleteNBL - Is someone finally buying this one?
ReplyDeleteIACI - Note: TOF's pick just keeps on climbing.
ReplyDeleteBB's totally right!!!
ReplyDeleteMaybe there's no-one else on Tinder who has listed Killer Whales as their favorite pet.
DeleteKiller whales are pets? I try to learn something new every day. :)
DeleteI keep thinking about the upcoming rise in rates that T3d wrote about above. Seems like everyone is expecting it to be disputive and will cause stocks to fall first, maybe even a 10% correction, before rising as stocks almost always rise with early rate hikes.
ReplyDeleteBut, what if it turns out the other way and "everyone" has sold in advance of the rate hike to take advantage of the correction and the correction doesn't come? Then they'd be underweight in a rising market and be forced to buy stocks higher creating a melt-up type market.
Hard to know.
Or what if we don't ever get a rate rise?
DeleteAbout as hard as guessing Yellen saying stocks are too high would lead to higher highs. I like the 20 year bull market thesis much better.
DeleteThinking about selling DB. Seems like they are in more trouble with for-ex trading now. Today is dividend date of $0.83, so will wait till next week, but think this is going to take a lot longer to turn around than I'd like (and I am pretty patient!)
ReplyDeleteI like DB b/c I feel like I can buy it lower, down the road. I'd like to see someone finally go to jail for running a criminal enterprise.
DeleteDon't forget to take your 0.02 gain lest you give it all back.
ReplyDeleteNice to see iaci keep rising. I'm ended up going all in before the last dividend so am happy so far. I'm trying to steer clear of all in moves but this one seems pretty low risk for the time being...Tinder is worth half of the company and they have a history of successful spin offs. The stock is still fairly cheap and pays a nice dividend. I think it could hit $100 before the fall.
ReplyDeleteMy plan for the next few months is to ride this and keep an eye on IBB to see if it sets up like the 87 crash. My thinking is BIS and ugaz will be good bets come August
So it's okay then to love a captive Killer Whale. This is that same kind of "love that dog" while constantly chained to a tree out back in 3 foot snow drift weather and a ring of dog poop all around him in a six foot radius, right?
ReplyDeleteYNDX - Mondays after an uneventful weekend where Putin doesn't pull some crap, this one seems to rally.
ReplyDeleteBTU - Almost exclusively owned by institutionals, someone's taking it up the wazoo big time?
ReplyDeleteFBP - Hard to believe this bank is operating in a bankrupt country, at least it doesn't pay a dividend.
ReplyDeleteBMY - Lsst year someone who pretends to be really smart told me this one was going to suck going forward. It's up 52% from the 52 week low.
ReplyDeleteFound a listing of the top mutual funds in the US by 10 year return - all of the top funds are pretty much biotech and pretty much all of their outperformance is in the last 3 years - http://www.barchart.com/funds/10year.php (don't us e the charting on this web site as it seems wrong, but correct on others like Yahoo)
ReplyDeleteGoing back to TOF's (or should we call him "Random" now?) prediction re IBB, these fund charts sure remind me of tech fund charts from the late 1990's.
As an aside, everyone here's about the top fund guys like David Tepper's 28% annual return for 30 years and Warren Buffet, etc. but after seeing these, I did some more digging.
ReplyDeleteThere are 9200 mutual funds in the US. If you assume half of them have been around for 10 years or longer, to be a top 1% fund performer, you would need to be in the top 46. Guess what annual return you would need to be in the top 1%?
Answer:
Delete13.6% a year for 10 years or 260% total.
I know it's been a tough market the last decade, but 13.6% really doesn't seem like a top 1 percentile performance. Just goes to show how when you read about the superstars of investing, how rare they actually are.
I think you have to keep in context the amount of money they manage. The more you have to manage the harder it is to outperform. It's easy to outperform if you have under $10 million.
DeleteWhat songs can you guys think of where a 2nd or 3rd rendition by a different artist is better?
ReplyDeleteTainted Love - Gloria Jones
DeleteTainted Love - Soft Cell
Knocking on heavens door by guns n roses was the first thing that came to mind
ReplyDeletehttps://www.youtube.com/watch?v=Z4RskhZebn8
Deletehttps://www.youtube.com/watch?v=Ozd2ja7mAgM
Why did the boy lose?
NBL showing relative strength.
ReplyDeleteI was just about to look again.
DeleteInteresting, where was the disaster?
ReplyDeleteBroke down and subscribed to the FT. $250 US for the year, so not bad, but I just find there are so many things I end up clicking on the read there and get shut down by the 3 article per month rule. I find FT way better than WSJ and wouldn't pay for the WSJ..
ReplyDeleteI also have a subscription to the Globe and Mail, but it is only $1 per month and I got 6 months with the NY Times for $1, but will probably cancel when the deals are done.
DB - Can we get this again for $28 or will it go lower this time?
ReplyDeleteMAC - Did you guys see Canadian Teachers union jumped on this one?
DB, like I said Friday, I may just sell. I think there's a lot of investors disappointed right now, so you should see some selling and maybe get the $28.
DeleteRe MAC, I personally am not into real estate trusts now as I think rates are going up, but Teacher's Pension is one of the most successful plans out there (overfunded plan, strong 25 year record) , so a good vote of confidence.
Yep, that's what I'm thinking on both counts. I'm interested in reloading DB if it does move back to/under $28. Like taking advantage of a trading range that should negotiate a positive slope at some point. Maybe I can get some clues from chart examination.
DeleteBTU - Beating You.
ReplyDeleteWhatever the news is, apparently it's not inspiring.
ReplyDeleteUS dollar up 1.15%
DeleteUS stock market down 1.25%
So, maybe just the measuring stick (US$) got more valuable
Commodities (also inverse to US$) down even more.
DeleteTried to pick up some ENPH at the close for 9.77 but didn't fill. Let's see if I got 'lucky'.
ReplyDeleteSEDG- Pretty much a beast since IPO. Anyone have the time to check it out?
ReplyDeleteMitek (NASDAQ:MITK) is acquiring IDchecker, a Dutch provider of cloud-based identity document verification and facial recognition tools, for $5.85M in cash, $2.75M in stock, and up to $2M in additional stock payments through Sep. 2016 if certain targets are hit.
ReplyDeleteMitek states IDchecker's Strong ID solution "authenticates 3,500 different types of passports, driver licenses and identity cards from nearly every country in the world," and complements Mitek's Photo Verify tech and MiSnap mobile image capture SDK. Customers are said to include "a large international money transfer service, a leading worldwide payments company, and a preeminent global information services provider."
Shares haven't yet moved in AH trading.
Dang quite a thrashing today. I see Greece is back in the headlines. At what point does that shit just go away?
ReplyDeleteSaut had a some coverage on the whole "easy money has been made" cliche I posted about maybe a week or so ago. I really hate when people say that. There's never easy money to be made with stocks, unless you think that over the very long term the market will continue upward and any dips are worth buying.
http://www.raymondjames.com/inv_strat.htm
Saut always a worthwhile read.
DeleteSaw a guy on TV this week talking about some markets, like 2008, 2011, you need to be watching the markets constantly and focus every day. This year, you can be lot less diligent in watching things.
ReplyDeleteI think that is accurate, but at some point (maybe soon, who knows?), this will change and we need to be ready for it.
For the sake of doing very thorough research into my investments, here is the new Mazeratti spokesmodel:
ReplyDeletehttp://www.si.com/swim-daily/2015/05/14/genevieve-morton-maserati-campaign
NSPH news.
ReplyDeleteFrom inside the paywall at the Globe and Mail:
ReplyDeleteRosenberg: Why we’re still in the sweet spot for equities
Tuesday, May 26, 2015
DAVID ROSENBERG
Print this article
The reason why the stock market has continuously defied the skeptics is because they spend far too much time in valuation metrics, which are very poor timing devices.
The fundamentals matter much more, and while it is true that we are not in an economic boom, consider that a good thing, because every boom in the past was followed by a bust. This cycle is Steady Eddie.
In fact, the configuration of 1-per-cent to 2-per-cent core inflation and 2-per-cent to 3-per-cent real GDP growth that we seem to be locked on is historically the real “sweet spot” for the market at any point of the business and market cycle, with an average annual S&P 500 price advance of 14 per cent.
Why make it complicated? Modest growth and low inflation keeps rates low and allows resources to flow into financial assets. It has always been such.
If you want to know the truth (for all you deflationists out there), the S&P 500 actually does infinitely better when core inflation is between 0 per cent and 1 per cent (the S&P 500 is up 13 per cent at an annual rate on average in these periods) than it does when core inflation is above 3 per cent (when the S&P 500 averages around a 9-per-cent annual rate).
And that 2-per-cent-to-3-per-cent, not-too-hot/not-too-cold GDP band is nearly twice as good for equities than when growth zooms ahead at better than, say, a 4 per cent pace (so the growth bulls should be careful what they hope for, too).
But with anything less than 2 per cent growth on a year-over-year basis, the stock market tends to flounder (with bond returns north of 10 per cent, on average).
For the time being, the GDP growth/core inflation mix is still very constructive for the equity market, while typically coinciding with low single-digit returns in the Treasury market.
These bull markets and economic expansions don’t simply die of old age – they die of a negative monetary shock, each and every time. There were plenty of folks back in 2003 who said it would be different this time, coming off the tech wreck, capital stock detonation, the destruction of “new economy” thinking, global terrorism on U.S. soil, corporate malfeasance (WorldCom, Enron) and repeated sermons by former Fed chairman Ben Bernanke on deflation, Japan and quantitative easing.
And yet it was not different then, was it?
The stock market went off for a nice five-year rally, doubling over that time span, and did not die of old age when all the chapters of that cyclical book were written.
The bull was gored only after the Fed took the funds rate from 1 per cent (negative in real terms) to 5.25 per cent from the summer of 2004 to the summer of 2006, and if you recall, the real problems occurred following the last rate hike, not the first one – as is typical, cycle after cycle. If history isn’t important, why is it mandatory in every school curriculum?
So remember your history – bull phases and business expansions don’t ever end until the Fed tightening cycle is over, and this one hasn’t even started yet.
So staying in the game sounds very reasonable to me and the risk is actually being out of the market, not in it, especially with cash and equivalents still yielding zero – and government bonds so overextended all it takes these days is a 30 basis point backup in market yields to generate a negative return.
Every day the $US is up, riding cash is working. Once that ends, perhaps commodities is the place to be for retiring "self-absorbed" boomers who get no return on their life savings or will they be forced to remain in the workforce to displace younger generations with their "self-absorbed" need to put food on the table?
ReplyDeletePSEC - Probably a good opportunity for me to add, gonna wait a bit though and see... Can always add later.
ReplyDeleteISNS - Every time I look at this stock it's red, but somehow it hasn't really moved down.
ReplyDeleteYPF - A nice long series of red candles, but of course today a green candle b/c I just happened to view the chart or what?
FCAU - Notice the gap down has filled but of course now we have a gap up obligation to fill. What will Macaroni say next, to discourage the "audience"?
ReplyDeleteJONE - I dunno, I think I could trade this one by buying the dips and selling the rip.
ReplyDeleteITB - I see what looks like an H&S on the one year chart with a target of what, ~$24 or thereabouts? Do ya think it gets sold on the first rate hike, a taper tantrum type response?
ReplyDeleteNWLI - Volume has been off the hook lately...
ReplyDeleteNot sure why. Had good, solid earnings out May 11. Had an insider buy May 14th - they have very little insider trading other than a few option execution and sells, so maybe people see this.
DeleteThe other thing is AM Best will be out with their review next month. I think the stock has been pushed down on concerns about Brazil, even though they are very unfounded, Perhaps AM Best has analyzed this and agrees and that info is sneaking out.
Volume picked up on May 18th.
DeleteGood brief update on Tinder on CNBC last week I guess:
ReplyDeletehttp://www.cnbc.com/id/102694144
I think the real potential does lie in it being able to get people of all interests to meet up with one another locally. Facebook is for sharing your life with your friends and family, as is Instagram. But there's not yet really a social app that has gone viral that enables people to meet up with other runners, cyclists, moms, etc. I think that's what Tinder is striving for ultimately. If that happens then it would be worth $15+ Billion eventually. Not sure if it can do that yet. Tough to get past the stigma of being a hook up app.
For the time being, I'm looking forward to the launch of the service that Barry Diller was talking about on CNBC maybe 2 weeks ago: allowing people to see who they have matched with at the bars or nightclubs they're at. I think this would add significant value to users of the app and get a lot more people to sign up for the monthly subscription.
KORS -24% haircut!!!
ReplyDeleteTSN - Nice action lately.
ReplyDeleteYINN - Pretty volatile.
ReplyDeleteZINC - Testing support
ENPH - Back over $10 now, you guys aren't long this one?
ReplyDeleteGS upgrades RL.
ReplyDeleteI guess they bought the dip.
DeletePLL - I guess we need clean water, esp in Cali?
ReplyDeleteBTU - Will this one will be $16 before BXE = $1 ?
ReplyDeleteNBL - Looks like support failed? Wonder if they take it to a new 52wk low...... Looks like the oil inventory report was likely bearish.
ReplyDeletePossum Kingdom Lake is flooding. This is a fairly small lake west of Dallas if I recall. It could use a good flushing out.
ReplyDeleteAvoid spraying pesticides in areas and times when honey bees are pollinating (EPA). Oh duh, really.
ReplyDeleteCENX - Ouch, LOL, no bottom for the collapse in demand.
ReplyDeleteNOR - Insiders sold 94% of their shares, guess they weren't anticipating huge demand?
DeleteJONE - Nice crash through support. Hard to know where the bottom might be.... I'll miss it by a mile I'm sure.
ReplyDeletePicked up some CRNT today. Nice little turnaround going on here. My average price was $1.27 and bought a 7% position.
ReplyDelete- teamonfuego (not sure how to change my name back)
Grabbed a tiny position in hgsh today as well at 3
ReplyDeletewow: http://www.wsj.com/articles/small-funds-stoke-chinas-stock-rally-1432809081
ReplyDeleteMr. Ye, now 36, started his own fund-management company in Shanghai six years ago. He raised 25 million yuan for his first fund—including 1 million yuan of his own money—and borrowed 50 million yuan more from the bank. The fund shut as scheduled a year later, because his loan was for a year, with a 14% loss. His second fund, which didn’t use borrowed money, lost 64%. Faced with investor redemptions, he closed the fund in 2012 and moved back to his native Anhui province to blog and lecture about stocks.
But then last September, when the market started to take off again, he launched another stock fund. He invested mostly in China’s hot ChiNext market, a Nasdaq-like exchange based in Shenzhen. The fund lost 25% in its first four months, but this year it is up 230%.
‘I tell people if after this bull market run, they still need to work, then they are losers’
—Ye Fei, manager of the Yi Tian private securities fund
Now trust companies are offering to help him raise money from investors. After ChiNext rose 60% in the first three months of this year, Mr. Ye spent 3.6 million yuan to buy an office on the 45th floor of a new complex overlooking the swan lake in Hefei, the capital of his home province.
As ChiNext shot up another 60%, he then set his sights on Shanghai, where he’s going to pay a similar amount to rent an office on the 55th floor of the 128-story Shanghai Tower, which will be the tallest skyscraper in China when it opens this summer.
Mr. Ye remains confident despite the Shanghai market’s 6.5% fall Thursday. “I tell people if after this bull market run, they still need to work, then they are losers,” he said on a call from Shenzhen, where he was recruiting VIP investors.
His new fund is called Yitian China Dream Third Board, referring to a new over-the-counter stock market in Beijing that’s generating lots of buzz in China. The Chinese word yitian can be loosely translated as “the sky is the limit,” and Mr. Ye is suggesting to investors that their money may grow 100 times in five years. The fund sold out soon after it launched last month.
Reminds me of that guy back in the late 1990's on his boat surrounded by beautiful women in bakini's.
DeleteFound him - Tom VU. Sounds like this guy is following in his footsteps.
http://www.infomercial-hell.com/tom-vu/
"Tinder responsible for explosion of STD's"
ReplyDeleteAnother interesting stat re thepharma industry - Valient Pharma was responsible for 60% of the rise in the TSX over the last 12 months and now is the 2nd most valuable company in Canada behind Royal Bank with a market cap of over $100 billion.
ReplyDeleteSure sounds like when Nortel got to be 25% of the TSX market cap back in 1999 and we all know how that ended.
Guess I'm just going down memory lane this morning
Everything's interconnected I suppose. Unfortunately.
DeleteEYES - Too bad I didn't go all-in....
ReplyDeleteWe should probably be selling into this.
DeleteI agree we should probably be selling in preparation for reload. They made me puke some shares on the selloff so still underwater, LOL
DeleteFRO - The rule is, upgrades get sold or is this a knockout before shooting the moon?
ReplyDeleteThe made a pretty big deal that seems to cap upside.
DeleteBXE - Ready for the run back to $3.20 ?
ReplyDeleteISNS - Wow, wonder if there's anything to this one or just a trading p&d POS...
ReplyDeleteVery similar chart to HGSH
DeleteBEAV - Has been getting a shave. Aircraft cabin interiors.
ReplyDeleteMAC - I wanna buy this one b/c Canada Teachers Pension bought it. Perhaps they're thinking another better offer might be in the cards?
ReplyDeleteDoubt it. They are very long term buy and hold guys. They would prefer a solid income stream to a quick capital gain.
DeleteOne of the value-oriented guys on Seeking Alpha posted a very positive article on DB:
ReplyDeletehttp://seekingalpha.com/article/3219506-deutsche-bank-the-best-value-in-banking
FRO - Received a nice upgrade just yesterday, no?
ReplyDeletenew post
ReplyDeleteEVBS - Not sure what to think of this action....
ReplyDelete