April 11, 2009 –
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RELATED TICKERS: FAZ
, SDS
, SRS
No more ultras for me. As others have noted, Ultras-funds like FAZ, FAS, SRS, SKF, SDS, SSO, have changed the nature of CAPs. It's easier to game. You can red-thumb all ultras, and are almost guaranteed a great score eventually, like Ultrasuck. These funds hold options, which expire, forcing the price down. [more]
April 09, 2009 –
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RELATED TICKERS: XLF
, GM
Firms love announcing horrific news when nobody’s paying attention. And there’s no better time to make nasty disclosures than right before a 3-day weekend. State Street’s announcement in January is a good example. Friday Jan 16th, after the close of after-hours trading, STT disclosed (as stealthily as possible) some gnarly earnings. They were down around 30% the next opening, and financials crashed at least 15%, if I remember correctly. [more]
March 06, 2009 –
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RELATED TICKERS: CROX
I bought a little bit of CROX yesterday @ $1.20, as a pure reckless speculative play. Very small position. If you aren't familiar with them, Crocs manufactures those fugly plastic shoes with holes all over them. Well, they have a bunch of different lines now actually. www.crocs.com. [more]
February 27, 2009 –
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RELATED TICKERS: AAPL
, GOOG
Time for some backseat board of director action: [more]
February 14, 2009 –
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RELATED TICKERS: XLF
, FAZ
, KRE
Yet another late Friday-night FDIC closure announcement. Evidently the U.S. head-in-sand department has decreed that all such unpleasant announcements should be made when the least people will read them: [more]
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