Ph*** the Keystone. TRade rags from Canada admit that if they can't bully the USA into it in the next 2-3 years, it becomes irrelevant.
Industry stats in the USA demonstrate that the filings for it are filled with lies.
Good to see you about. This is very useful news. ACTC--ipo @ 6 with mikey at the helm, a dozen years later, 2.5billion issued, trading at 1/16, with a near concrete wall at 3/32--and only holding that after paying the SEC $4mm to get a "no admission of guilt" card so it could keep playing.
And nobody has ever taken me up on the challenge of doing a fact-checkable 3 year plan to get ACTC to $0.00001 per share ebitda...let alone GAAP.
Fairly soon I'll be able to start the same challenge on BTX...at $0.001....which is where i started it with ACTC in 2007.
Road kill necessarily forgets this is not a "science" play---it's an equity play.
think that shareholders would be aided by buybacks at 1.3x book value" Yeah---but so what?
They would be helped by flying monkeys filling their pockets with winning lottery tickets as well.
That is, you are falling for one of HC's roadgames--that WB plays for you instead of WB.
If each and every bit of damages caused by such practices was punished by 3x clawback, what's the net effect on WFC "earnings" over 5 years? How much discount for the odds on such a scenario happening?
THat's how much WB needs be concerned.
Just as I noted---Reuters:
"Continental Resources, one of the companies that has committed to ship crude on TransCanada Corp's proposed Keystone XL pipeline, now says the controversial pipeline is no longer needed.
So--you want WB to buy a $ for $1.30--and you think that's "good."
Did you graduate from welfare queen school cum laude?
So--you are saying WB either can't do arithmetic or that he pays no taxes.
Which falsehood are you gonna run with?
When did I ever say I would circulate any here?
Why the ph*k would I do that?
In the meantime, things are moving right along, although as usual the punk#$%$ lawyers are dragging on getting the USPTO work done.
On another hand, yes. Time to go after the bucket shop Madoff worked with. A failing recall suggests it was JPM.
Sure...people have thoughts about it--so what? BTW, I have a dim recall of having seen you here before trying to get freebies on an algorithm for scraping filings. Is that correct?
The Feds had Cramer on numerous counts of everything from front running to lying to the SEC back in 99 and Y2K, and basically figured it made more sense to make sure he could keep skullph***ing retail
He's very helpful to those actually in the game.
..And good time of year wishes to you and yours as well.
The actual issue is that "value" is always __assigned___ --and that's why it can't be intrinsic. WB touches on some of that in the essay you cited.
Hypothetical: someone comes to you with a 1 in 10 chance at a twenty bagger. Given your stated risk tolerance, you are likely to place a value on the offer of near 0. Make the same offer to me, and depending on the sector and project I mayplace a time value on it--"Tell me more" and may get bat****crazy doing dd--cause if my speculation repositions it as 1 in 9 chance for a 30 bagger, I'm likely to be all over it. That makes neither me nor you "right"--but it does set up the creation of a market.
WB in the cited piece does a good job of explaining the filters by which he does his speculating, and his filings demonstrate how well they work--including his "unforced errors."
Sean thus far appears to be attempting to learn the difference between the koolade and the coke, which is always worthwhile, and the best vaccination against road kill disease.
Since rule #1 is "Don't outlive your money" your methods appear to give behaviour consistent with the rule, at some cost. Axp--another intelligent poster, seems to use different speculative tools to give good results.
Mine work as well, but require a certain Maslow hierarchy place where "risk tolerance" is less an issue than actual reality checks, the kind that make "seems like a fair price" the mutterings of a Voldemor.
HC, I saw it last night, and (note the time&date) I agree with you 100%--including wanting the retail audience to learn more about dummy accounts---since if Belfort's lawyer buddies hadn't been too coked out to follow him, they would have set it up fully legally for all purposes except taxation. But since congressmen are relatively inexpensive, there's a workaround for that as well, as the "right people" working for the "honourable" houses will be the first to tell you.
Saw the movie with an i/p client whyo asked, "Benihana?" to which I replied, "WTPH do you think I been telling you? Also, "No mummy humper, this is not 'based on a true story' this IS a true story. Now will you kindly learn to shut up about what nice people all those experts on TV must be?"
HC. The only reason is the same one it is every time--they're lower than road kill, foit only to hit a windshield. When gold "rallies" it's only because a new crop of insects has hatched.
" joe gives cramer credibility !! " Nah...the SEC did that with TheStreetCom. S1. Go back and re-read it, so you can see how Ben Graham like the FB S1 is....
Another display of overwhelmingly wilful ignorance--that is, stupidity.
Unless you are trading this puppy into accumulation as I told you to when you first showed up, your only cause for excitement would be being down from the 4 3/8 area where you entered, in comparison with the S&P being up about 35% in the same time.
The only area where btx has a "monopoly" is in i/p that peer-reviewed science names as obsolete.
Other than back in your day it was at 1/256 --wtph did you think your pals at NITE were doing?
In fact, what its successor is doin g now?
You think there'd be any volume without it?
It's actually good for HC and his fellow travellers, since it makes it obvious that a Bogle strategy--or ACTUALLY LEARNING THE GAME is the only way to not be road kill.
(On which note GERN was verrry good to me this week. More free shares.)
You're 1/2 right--that is to say, you are still operating under the welfare queen delusion that you matter except as retail cannon fodder.
Take your hypothetical: Yes, as long as you can keep cashing in options because retail keeps sending you money, you get a free ride. The problem is you not being among the chose3n few and still expecting to get a ride.
So, really--what are you doing to deserve a reach around?