So I nabbed a few shares of DANG, only to learn the CEO isn't exactly the Chinese Bezos, dagnabbit. Well, WTF. At least he speaks a language easily understood by all- none of the usual off-the-wall English subtitles that often adorn Chinese 'B' movies.
The back and forth is hilarious:
http://news.ichinastock.com/2011/01/an-expletive-yelling-match-big-morgan-lady-vs-guoqing-li-of-dangdang/
http://blogs.marketwatch.com/thetell/2012/01/04/15-survivor-stocks-for-asia/
ReplyDeleteDamn!! That's what MITK needs..Stir the Fing pot a little for a change!!
ReplyDeleteSeriously though...WHY THE FUCKING SWEATER VEST!! Really?..We're doomed...Doomed I say...
ReplyDeleteAnyone have any updates on ECRI? I seem to recall that based on the signals from their indicators, the economy would go into a recession within a few weeks (or months). That's WHAT I remember but I don't remember WHERE I read it.
ReplyDeleteMark - WTF?
ReplyDeleteI'm really pissed at MITK's mgmt man. I think it's BS that they are keeping mum about everything. At the very least they can say "hey we have 50 new banking customers in December"...right now, it's no news, no talk of adoption rates or rates of customers going live, and insiders selling (well, only partial stakes but still...)
TOF- Agreed man. It's small ball. I might even give up.
ReplyDeleteA heads up. My Wife is Hungarian and just got a call from her father. He just emptied his bank account converted to US dollars and buried it in his yard. He fears a run on hungarian banks. Contagion? Maybe not, but a Strong US dollar relative to Europe. Is a given.
ReplyDeletehttp://blogs.wsj.com/marketbeat/2012/01/04/hungarian-forint-hits-new-lows-as-austria-watches-nervously/?mod=WSJBlog. Story to go with heads up.
ReplyDeleteContagion is built in even though hungry is not officially in the euro zone the Euro banks are over leveraged there.
ReplyDelete“Hungarian banks are incredibly dependent on their western European parents for short-term credit lines. At the very least it means credit is going to remain very tight.”
Six of Hungary’s seven biggest banks have foreign parents, including Italy’s Intesa Sanpaolo SpA and UniCredit SpA (UCG) and Germany’s BayernLB. Only OTP Bank Nyrt., the country’s largest lender, is still domestically owned.
Let me repeat something that CP wrote today:
ReplyDelete"Other metals like aluminum and platinum that are already into the top quartile of the production cost curve could see some production cutbacks if prices fall further, offering some support."
I think if someone takes a position in AA now with the intent of selling when a 50% gain is made will not have to wait very long at all for that to happen. Most likely, the December double bottom at $8.50 will be THE bottom going forward. I'll probably buy some calls on AA if we have a market pullback in the near future.
All this talk about Hungary makes me hungry.
ReplyDeleteWow. what an impressive ADP report. I know there's seasonality at play here but damn man we could really rip higher here. Only fly in the ointment is oil...and if that goes higher well PEIX will rip higher, especially now that the ethanol industry seems to be in the midst of a rebound.
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