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Linn Co, LLC Message Board

navkram 229 posts  |  Last Activity: Oct 2, 2015 11:49 AM Member since: Sep 3, 1999
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  • Reply to

    The 411

    by gracieblackbelt.2012 Sep 30, 2015 6:38 PM
    navkram navkram Oct 2, 2015 11:49 AM Flag

    Complete lie -Agency backed securities are going up in price and short term interest rates have just given up on a Fed raise and gone down!

    AGNC has traded down this week despite the fact it's book value and interest rate spread have both improved dramatically in the past week.

    AGNC trades at an incredible low value to book and always has the option to sell portfolio and buy shares (management interests aside). Based on today's news we can and should have a reversal of this trend.

  • Reply to

    HuffPo: Uber Drivers Are Running on Empty

    by lmsmedley Sep 23, 2015 6:32 PM
    navkram navkram Sep 25, 2015 10:50 AM Flag

    Everyone knows that there are loads of poor americans without the math skills to see they are being exploited! The best we can do is raise the social stigma to appropriate levels -uber driver is a job for people who can't get a job flipping burgers or cleaning toilets.

  • navkram navkram Sep 25, 2015 10:38 AM Flag

    TSC has flipped again with a (paid) story about the taxi credit union that was taken over. TSC says whatever pays the most.

  • Reply to

    Chicago Ruling Slams Uber

    by bizmaven9 Sep 23, 2015 10:45 PM
    navkram navkram Sep 25, 2015 10:35 AM Flag

    It's about freaking time!

  • Reply to

    Uber caves in Dallas

    by lmsmedley Sep 24, 2015 5:57 PM
    navkram navkram Sep 25, 2015 10:32 AM Flag

    uber depends on the lies they tell investors, projecting the convenient coverage and demand of low prices, while telling drivers they will make high prices. Drivers are just the first to see the lie.

  • Reply to

    Yet another legal challenge.

    by lmsmedley Sep 23, 2015 6:16 PM
    navkram navkram Sep 25, 2015 10:20 AM Flag

    Uber is suing a TLC as a a 'monopoly' because it requires fingerprint criminal record checks. I can't imagine a judge hearing their case because uber claims drivers are not employees.

    What I think the world needs is a review of all the money legal taxis pay to local governments vs the nothing uber pays -and all the money uber pays lawyers and lobbyists to get this unfair advantage!

  • navkram navkram Sep 25, 2015 10:14 AM Flag

    Short interest was 66% of shares traded on thursday. We must be well past 20% of float short and maybe past 25%.

  • Reply to

    Uber is NOT a tech company

    by lmsmedley Sep 23, 2015 12:16 PM
    navkram navkram Sep 25, 2015 10:11 AM Flag

    Uber is organized crime! See my thread.

  • navkram navkram Sep 23, 2015 5:14 PM Flag

    I don't have my usual logical argument for it, but I have gotten the impression that the TLC, or specifically it's leader HATES that Russian guy and that it is a big reason she has been 'slow' to regulate uber. -like a 'hell hath no wrath like a woman scorned..."

    All I can point to is her negative comments about medallion pricing -all the points she makes were his actions.

    Do you get that impression?

  • navkram navkram Sep 23, 2015 3:53 PM Flag

    The big deal in the case that claims uber drivers are employees is that they will have to be paid minimum wage -which is 50 to 60% higher than what they are getting. It would also require uber to pay takes, collect Social Security, unemployment insurance.... the net result is drivers would see less cash in hand, and uber would have to pay more than twice as much for their services.

    At today's prices uber is already losing money, and the rate is increasing as they are advertising more to cover driver churn. If uber has to compete fairly with taxis they are toast!

  • navkram navkram Sep 23, 2015 3:39 PM Flag

    uber actually had commercials showing how you could specify busty drivers with it's app. It wasn't in the US but amazingly they were uber corporate commercials. This was incredible because some uber drivers are female and opportunities for abuse are unavoidable. I think this was one of the stories carried by the journalist who was targeted/threatened.

  • navkram navkram Sep 23, 2015 3:33 PM Flag

    I heard the CEO said that frequently in recruiting and has since denied it -grumbling about stupid PR consultants.

  • navkram navkram Sep 23, 2015 3:30 PM Flag

    Short volume ratio was 43% yesterday after being 55% the (big) day before. My opinion is that there are momentum shorts that bailed out when $7.6 broke, but the core paid-by-uber are looking to fight on and losing because they only have their own money for manipulation.

    There was an attempt to make resistance out of $8.3 today so I suspect short volume will be up again.

  • navkram navkram Sep 23, 2015 3:18 PM Flag

    I missed some good ones
    -uber threatens reporters and their families when they expose violations!
    -uber fights law enforcement to hide it's hiring of criminals (this is new today -uber is using a recent court ruling to sue a TLC claiming that requiring fingerprint criminal background checks unlawfully restricts competition) WOW!!!

  • navkram navkram Sep 23, 2015 3:07 PM Flag

    I have been practicing commenting on the uber paid stories for a while.

    No I am definitely not paid by TAXI. Even my investing in TAXI is only about break even and that is because I started ages ago at $5.

    I will see if I can find more places for the text. Everyone says you can't fight a giant, but PR is a big part of organized crime -it thrives where citizens let it!

  • Reply to

    margin call time

    by dbtunr Sep 23, 2015 2:26 PM
    navkram navkram Sep 23, 2015 2:58 PM Flag

    Shorts put up a little fight at $8.3 (it was a very minor support going down) but long volume stops them from painting the tape like they used to before the Barron's article.

    More noise from the Hick -predictable!

    I think big players see that the hick is blowing smoke about credit quality when nobody is paying high quality prices and shorts can be burned to a crisp long before cash flow sees a hit.

    With $8.3 past we will be at $9 in an instant. Do you have any plans as we pass our agreed PE buyout projection?

  • Uber was created with google map technology. Anyone can create the same thing and many have.

    The defining characteristics of uber are that it enables drivers to break city state and federal laws, taxes and regulations. When anyone tries to stop the laws from being broken uber points at the driver and it's contract that says it's all the drivers liability!


    Look at all the similarities to classic organized crime
    -uber spends the vast majority of it's money on lawyers and lobbyists
    -uber threatens politicians with negative PR unless they bend laws to give uber market advantages
    -uber hires henchmen in every city to harass competition and orchestrate paid 'protests'
    -uber makes it's money skimming off poor immigrants labor at sub legal wages with the threat to dump them at any complaint
    -uber makes even more money in the ponzi scheme that is their equity -Taken in $6B and spent it all making a loss of 2X revenue!!!
    -uber is in the loan sharking business (ooops I mean high yield car loan biz)

    At best uber is an app for gypsy cabs -which are illegal in nearly all the markets they operate in.

    A more realistic assessment is that uber is organized crime financed by an investment scam, pretending to be a tech company that is on it's way to being a transport monopoly every city must bow to!

  • Reply to

    1$ Tax on Taxi / ridesharing fares in Chicago

    by schwaggz Sep 22, 2015 9:55 AM
    navkram navkram Sep 22, 2015 2:33 PM Flag

    There is no shortage of money willing to take the other side of that bet and you will lose. In 25 years you will be prohibited from driving to city centers without AV. AV only zones will define what is considered a major city and without AV a city will not be competitive -too inefficient.

    There are far easier shorts in AV than betting against the obvious. Short MBLY...PE~1000, it's a tiny company competing with global giants supported by governments in a billion dollar tech sector. Short them against the auto insurers that are being sold based on AV eliminating their industry.

  • Reply to

    1$ Tax on Taxi / ridesharing fares in Chicago

    by schwaggz Sep 22, 2015 9:55 AM
    navkram navkram Sep 22, 2015 1:58 PM Flag

    as we speak
    -tens of billions are being spent developing autonomous vehicles.
    -autonomous vehicles ARE ON PUBLIC STREETS TODAY for development
    -within 3 years AVs will be offered (autonomy on the highway to start, able to be driven).
    -within 7 years there will be enough AVs that some lanes and routs will be exclusively AV.
    -in 20 years all first tier cities will have AV exclusive zones at their core

  • Reply to

    1$ Tax on Taxi / ridesharing fares in Chicago

    by schwaggz Sep 22, 2015 9:55 AM
    navkram navkram Sep 22, 2015 1:06 PM Flag

    There is much more to the conspiracy. uber is pushing to destroy private cars and public transport beyond TAXIS. The plan is to replace all with private monopoly of autonomous vehicles.

    Consider your theory in light of the fact that they don't need all the medallions -the majority will do and I presume they only want the corporate medallions. And beyond that, consider that the entire bubble that is $50B uber is predicated on cutting out the drivers out completely and replacing them with autonomous vehicles. Do some math and it is obvious that between now and 2020 uber must go from hiding behind drivers breaking taxi laws to legal operator of the majority of autonomous cabs. That's worth billions in profits/year so $500K, $600K, $700K, per medallion will not materially reduce profit. It's a billion or two and only a couple years profit. The key is to be the majority! Price matters little.

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