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odonnellm66 172 posts  |  Last Activity: 21 hours ago Member since: Jan 17, 2012
  • odonnellm66 odonnellm66 21 hours ago Flag

    My great hope, however naive, is that a crash allows for the creation of a third political party which is a viable alternative. The danger of the next crash is that we very well could have social unrest on our hands, particularly in the ghetto sections of the country (Oakland, Ca. anyone?), and this could very well encourage a fascist solution. You will be amazed how quickly the population (the sheep obsessed with the likes of ZNGA) willingly trade democracy and freedom for good old law and order.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 22 hours ago Flag

    No, end game is near for the Fed ponzi scheme, running since 2008, and a pound of flesh will be exacted from all who believe otherwise. Watch the junk bond market as your touchstone. Why are you so concerned about our two party state? Rhetoric aside, there is no substantial difference between the Democrats and Republicans. Both are entirely beholden to Wall Street. You will know them not by what they say, but how they act.

    Sentiment: Strong Sell

  • Here's the short answer. Smart players expect big volatility with price to the downside. We could very well see it in the remainder of this week, but again, I leave precise timing to others. You need only know that downside risk looms large. Count yourselves lucky if it is a traditional 10% correction. I, of course, sense something much bigger. Under this scenario, ZNGA is toast. Keep in mind that most ZNGA investors saw their capital evaporate in the midst of an unprecedented Wall Street rally. A contrarian would then say that ZNGA will go up during a rout in the markets. No, I'm not that type of contrarian. And no, ZNGA will not post any profit come this August.

    Sentiment: Strong Sell

  • The early morning pump was fully anticipated, and the gains have all been given back in short order. Buy every dip? Are you nuts? Selling will resume and with force. SPY 200 doesn't hold, and the real fireworks are ahead of us. ZNGA is but a minor footnote to human stupidity. A current evaluation of $2.6 billion with zero earnings and ongoing cash erosion? Again, I ask. Are you nuts?

    Sentiment: Strong Sell

  • A close at or near the low of the day would be a significant technical negative. Use all bounces to sell. As usual, retail will sell last. Smart money is selling. Smarter money shorts the SPY. SPY 200 won't hold in the next two weeks, and then selling accelerates. "Buy every dip" has been a marvelous strategy since 2008. It now fails miserably. We have a dynamic shift in market sentiment underway, and complacency still rules the day. By and large, I see no proper risk assessment among retail or professionals. As was the case in 2008, the pundits will all say, "No one could have possibly anticipated these events."

    Sentiment: Strong Sell

  • No one, with the exception of that stock savant SFJLegend, can call the precise timing of the next stock market crash. I do suggest that it comes this calendar year, and we will certainly see extreme volatility in the coming weeks. I am of the opinion that big problems start first in the junk bond market, which is illiquid to the extreme. There will come a time when a decent bid cannot be found for these bonds of dubious quality, and the public has purchased this garbage paper in droves in the perennial search for yield, since government bonds yield nothing after inflation is accounted for. This coming bond crisis in turn spills over to equities, and this is precisely when we unpleasantly discover that ZNGA also has extremely poor liquidity. Watch for a day when 40 million ZNGA shares attempt to cross the tape. It will be an ouch moment, and we are not that far away. The bid side will collapse, exactly as it does with junk bonds. FB has decent liquidity, even when it gets hammered along with everyone else. ZNGA does not. Store that away in your risk perspective.

    Sentiment: Strong Sell

  • No, I never think of it at all
    Don't you ever worry
    When you see what's goin' down?
    No, I try to mind my business
    That is no business at all.

    --Dialogue; Part 1; Chicago; Circa 1971
    Once the brilliant guitarist, Terry Kath, put a bullet through his head, Chicago was done as a creative force, but the big bucks were still ahead. I don't sense any big bucks with this market or ZNGA. I expect some brief stability and further declines.

    Sentiment: Strong Sell

  • China is potentially an infinitely greater story. Should implosion occur, and we are headed in that direction, then we have a truly interesting and dangerous scenario on our hands. You may now return to Dawn of the Titans.

    Sentiment: Strong Sell

  • Mike, I was just hit with another margin call, so I'm in a bit of a rough spot. Though I despise the sham stock ZNGA, much like yourself, I've been long the S&P 500 and a biotech ETF with full tilt leverage. I should have listened to your doom and gloom view of the world, because I now find myself in the position of needing to find a real job. Hell, I may even apply as a masseuse at the ZNGA Brain Trust and soothe the frail nerves of the reincarnated CEO, Mr. Pincus. Listen Mike, can I borrow a quick $100,000 to fix that unpleasant margin call? You know I'm good for it. Yes, I will start attending Gamblers Anonymous meetings. By the way Mike, in light of the current financial stress, my marriage proposal is now on hold. I know you will understand. Love is a many splendid thing.
    Yours,
    The (former) Legend

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jun 29, 2015 3:40 PM Flag

    VIX now up 34% as the computer trading kicks in for the final 20 minutes.
    Can the Federal Reserve save this market over a longer time frame?
    Hell no!
    The Central Banks have created this Frankenstein.
    He now pursues a life of his own.

    Sentiment: Strong Sell

  • The timing on this somewhat insulting statement is not a matter of simple chance. The folks in San Juan are watching Greece very carefully, and have determined to follow suit. Greece establishes precedent, as I have stated many times. The natives are also very restless in Portugal, Spain, Italy, and Ireland. These are interesting times indeed. Watch out below.

    Sentiment: Strong Sell

  • Volume remains subdued for the moment.
    Delusional ZNGA longs falsely believe that this is a temporary bump in the road.
    That's why they won't sell--not yet.
    Most will throw in the towel thread by thread.
    And then there will be a sudden cacophony of selling.
    Volume explodes with price to the downside.
    Yes, $1.99 skewered dog meat.
    Perhaps worse.
    This commercial message is brought to you by the supreme hack.
    Zngathustra.

    Sentiment: Strong Sell

  • Do some reading on Caligula. Quite interesting.
    Who's been pushing the gay agenda all along?
    Why of course, the Zionist controlled media.
    And Hollywood, also Zionist controlled.
    They take our once great nation down.
    The American psyche at large is now controlled by television.
    And garbage like ZNGA.
    The implications for a democratic society are enormous.
    How will the sheep react if we ever face truly hard times?
    Run scared like the herd they are.
    Social unrest?
    Not a serious reader among them.
    And the band plays Farmville.

    Sentiment: Strong Sell

  • Of course, only for the gambling speculative types, which includes most anyone tossing good money at a junk stock like ZNGA. That means most everyone on this message board. The VIX is up a mere 26% on today's session alone. What's the Golden Rule? Sell fast and don't get too greedy. Just ask the supreme market timer, Mark Pincus. He and his tribal brothers unloaded $600 million of ZNGA near $13- per share. Yes, timing is damn near everything in life.

    Sentiment: Strong Sell

  • Yes, I also speak Spanish which can be quite useful in the pursuit. Somehow German blonds are not near so caliente as the girls from San Juan. I somehow have a genetic predisposition for women with hair as dark as coal, and I have yet to determine why.
    But again I digress, which is another of my numerous weaknesses. Here's a likely scenario for a perfect storm:
    1. Greek exit from the Euro. The pundits falsely assigned it as a non-event.
    2. Shanghai index in a virtual freefall.
    3. Puerto Rican default. Hedge fund exposure?
    4. All world indexes decline in tandem.

    We're going to come around at twelve
    With some Puerto Rican girls just dyin' to meet you
    We're going to bring a case of wine
    Hey, let's mess and fool around
    You know, like we used to.
    --Rolling Stones--Miss You

    Sentiment: Strong Sell

  • This absolute charade is running long in tooth. We can anticipate false bouts of market stability, followed by further declines. This type of behavior also occurred in 1929, the huge difference being the modern creation of swaps and derivitives, which will lead to all kinds of chaos. Meanwhile, garbage stocks like ZNGA with zero earnings will be taken to the cleaners. Will ZNGA be able to post an actual P/E ratio this August? In your dreams. The ZNGA Brain Trust will be dumping another 500 pampered techies before the year is out. Heaven forbid that they must become members of the productive side of the economy. You reply, "Silly asinine games are now the new paradigm for the masses. This is the future." I reply, "Are you nuts?"

    Sentiment: Strong Sell

  • While the FED will attempt intervention in both the stock indexes and currency markets via the direct purchase of future contracts (possibly buying a bit of time, measured in days), let me make a number of points.
    1. Risk is more concentrated now than it was in 2008.
    2. Margin borrowing is off the charts, and we will see margin calls this week.
    3. Greece, a nation of feta cheese, could very well launch systemic contagion.
    4. Money has been tossed at junk bond funds with wild abandon and with no risk perspective.
    5. Most importantly, derivitive exposure is one huge unknown. Rocket science run amok.
    6. The markets have risen based on funny money, not fundamental value. End game is near.
    7. Rotten debt liquidation propels a deflationary downward spiral.
    8. We have another leg down in real estate. A house is primarily a liability, not an investment.
    9. A negative yield curve encourages misallocation of capital in junk stocks like ZNGA.
    10. Very serious structural problems in our economy have been masked over by repeated rounds of Q.E.
    11. Market sentiment can and will shift with the speed of lightening.
    12. Precise market timing is for others. Only know we are looking at huge downside risk.

    Sentiment: Strong Sell

  • Our fourth branch of government, Goldman Sachs, directly orchestrated Greek entry into the Euro. Greece has always had unacceptable levels of government debt (which would bar entry into the Euro), suspect accounting, and a completely corrupt tax system, and these figures were distorted by complex debt swaps (derivitives) engineered and marketed by Goldman. G.S. earned big commissions for their efforts to dilute the true levels of Greek debt. One can only wonder why the ECB ever bought into this phony accounting system (by the way, a systemic problem in the United States as well). Now it comes time to pay the piper, and things can unwind in ways which no one had adequately anticipated. Let's get ready to rumble. It should be quite fascinating. Short the averages (SPY) at will. Short junk bonds. Short junk stocks like ZNGA.
    Summary: Goldman Sachs is a criminal enterprise. They are already short Greek debt and the Euro. Doesn't this all sound like 2008 revisited?

    Sentiment: Strong Sell

  • It is a rather odd conjunction of events, but perhaps history is much like an ecosystem where all things are intertwined. We do have an extremely exciting week of trading ahead. I suspect the VIX will move up in a huge manner. Greece could very well be the straw which breaks the camel's back as the incredible leverage in the world financial system is revealed. US stock indexes remain at nosebleed levels, and all it takes is some "minor" event to launch waves of selling. Here the most compelling of questions. Which group is more deluded? The Greek leftist politicians or those tossing money at a junk stock like ZNGA?

    Sentiment: Strong Sell

  • Here's this morning's email from my boss of the esteemed hedge fund:
    Mike, we completely agree with you. This entire market is about to implode. As John Lennon wrote long ago, "The dream is over." We are shorting additional blocks of the hype stock ZNGA at these levels. We suspect that the ZNGA shareholders are also long feta cheese and bow legged Greek women. We are short those commodities as well. Keep sowing fear on the ZNGA message board. Obfuscate matters on a daily basis, as the sheep are easily confused. We also want to see more quotes from the Book of Revelations. Mike, you are the best hack writer this message board has ever seen. One more thing. Continue to explicate on the pending civil litigation against Mark Pincus and his tribal brothers. Yes, the Kosher Nostra must go down for the full count.
    Yours,
    F. Scott O'Rothschild

    Sentiment: Strong Sell

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