Coach Poliquin training David Boston

Nasdaq

I actually used today to pick up some tech names. Like research in motion, Giga Media. I also picked up some foreign banks including Mizuho (MFG) adding to my position.

Overall I am still short. First of all the financials.

Scott Steiner and Shoney's David Davoudpour

Problems with the banks

Man, JPM is trading at like 130 times earnings, close to its all time highs. UBS put a 20$ price target on Wells Fargo today, while WFC trade at around 26-29. It's gonna be interesting watching the earning all next week with these banks. JPM announces on Wednesday the 14th and the consensus if for a $0.490 per share from the year ago actual of $0.110. With this bank it can go any way since this is obviously top of top when it comes to banks, I expect it to sell off either way, into good or bad earnings as I do with most of the other banks. Citigroup will be announcing on the next day, the 15th and it looks to me like its going a post a relatively big loss, same goes for Bank of America on the 16th in my opinion, so again it's gonna be a very, very interesting week with all the big boys reporting.

Short Scott Steiner Interview

Muscle Man Scott Steiner.

Making a bold prediction

I'm gonna make a bold prediction here. I say DOW-6,000 by year end. Thats right I think the DOW will touch down to the March lows.

Whatever happened to David Boston

David Boston was a stud, muscle hero. I wonder what hes up to these days...

George Soros, Goldman Sachs and the banks

Banks are up big today from Goldman Sachs upgrades while Soros says the banking system is basically bankrupt. Bloomberg

I'm going with Soros and Roubini here.

Chris Whalen awaiting a 'bloodbath'

Telling it like it is.

Chris Whalen.

The Bear's are taking over

It's what we've been waiting for guys. Get short, stay short.

The meaning of Research in Motions Earnings

This is not a problem of the company and it's not that someone is taking market share. It is a clear indicator that this economy is in the dumps. RIM is a solid company and probably the best play in the smart phone market, yes, greater than Apple.
These earnings show the weakness of the consumer, and that that weakness is here to stay.

Q2 EPS $0.83 vs analyst forecast $1.00

Revenue $3.53 billion

32 million subscribers

Bill Gates selling Microsoft like a mad man

18-Aug-09 GATES WILLIAM H III
Director 1,272 Direct Acquisition (Non Open Market) at $0 per share. N/A
14-Aug-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $23.60 per share. $23,600,000
13-Aug-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $23.61 per share. $47,220,000
12-Aug-09 GATES WILLIAM H III
Director 4,000,000 Direct Sale at $23.58 per share. $94,320,000
11-Aug-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $23.19 per share. $23,190,000
10-Aug-09 LIDDELL CHRISTOPHER P
Officer 65,502 Direct Disposition (Non Open Market) at $0 per share. N/A
10-Aug-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $23.40 per share. $46,800,000
7-Aug-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $23.69 per share. $47,380,000
6-Aug-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $23.70 per share. $23,700,000
5-Aug-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $24.01 per share. $24,010,000
4-Aug-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $23.64 per share. $23,640,000
3-Aug-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $23.74 per share. $47,480,000
31-Jul-09 GATES WILLIAM H III
Director 1,000,000 Direct Sale at $23.78 per share. $23,780,000
30-Jul-09 GATES WILLIAM H III
Director 2,000,000 Direct Sale at $24.17 per share. $48,340,000

I'd follow Bill here and dumb this turkey.

From Yahoo finance.

Citi, Pandit and Andrew Hall

Man, I really don't like Citigroup here. They're getting rid of the great Smith Barney and now looks like the wonderful trader Andrew Hall will be leaving. Now Citi has been an okay trade, I personally have been trade since March but this thing has no future. If I were to speculate on a huge bank I'd take a look at Mizuho Financial Group, Inc. (MFG) company's got a market cap of only 20 some billions dollars 2-3 times less than Citi's and they're earnings aren't any worse. Now I doubt Andrew Hall is any genius sure he makes big profits gambling with Citi's money but so could I. Maybe Pandit is right here tell Hall to take a hike, if he's so smart let's see him make 100 million speculating with his own money.

The Greatest Sucker Rally of All Time

Alright guys, I've been building short positions this week. My biggest short is in the financials these big boys have gone too far.

I'm Back

Alright, I'm back. Been neglecting this for a while but now I'm back in full force.