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odonnellm66 272 posts  |  Last Activity: 10 hours ago Member since: Jan 17, 2012
  • odonnellm66 odonnellm66 10 hours ago Flag

    Gypsy Frank, the proprietor and bar tender, was the very best. They don't make bona fide dives like The 21 Club anymore. When Frank shuts the joint down, it's the end of a grand era. I'm sure the New Age techies will now disinfect and transform the entire neighborhood into some facsimile of Disneyland, and with clean rest rooms to boot. After all, Twitter headquarters is just a hop,skip, and jump away. You can't stop progress. My solution is a simple but difficult one-- just stop drinking entirely and give my liver and kidneys a break. Yes, I suffer from the Irish virus with a smattering of Norwegian influence. I want to be stone sober when the stock market completely unravels come this fall and ZNGA trades below $1.99. It's a slight miracle not to taste a drop of booze for five consecutive days, which is where I'm presently at. "It's easy to stop. I do it every day." Alcoholism is cunning, baffling, powerful, and extremely patient. It took so many good and gifted men down to the gutter. Somehow, we can't function in the real world and require a sense of ease and comfort not afforded by Farmville, Version 2. So many were good friends of mine, and now gone. Yes, I must remain on good behavior this weekend. It's the annual raft trip down the South Fork of the American River on Sunday. Big Rapids , Baby! Not for Girlie Men or anyone with a hangover. No booze. No green herb. No pills. A nearly natural high with a few morning cigarettes. Better than the stock market. Damn near better than good sex with China Girl. Meanwhile, the tide rolls in and out, and time marches on.

    Sentiment: Strong Sell

  • Beware of the Kosher Nostra. I won't even play a hand of poker with these folks, highly skilled players though they be.

    Sentiment: Strong Sell

  • "We anticipate ongoing bloodletting until this sham outfit posts more losses in the first week of November. Skewered dog meat will then be on sale at $1.99 per pound."

    Sentiment: Strong Sell

  • That would represent a key reversal two days in a row. I can't recall when the last time that has occurred. Many years ago. Yes honey, we are in uncharted waters, but if you thrive on adrenaline as I do, you are in the right place. Class IV whitewater raft rip this weekend. Not for Girlie Men or hallucinogenic types. Stone sober a must, which can sometime be a challenge for yours truly. The big rapids will be highly symbolic of this market. It's always best not to fall out of the raft. Keep that in mind ZNGA speculators. Time will not serve you well. Only the shorts. The Rolling Stones already penned it:
    "Time, it's (not) on my side."

    Sentiment: Strong Sell

  • Clearly, the VIX is a gambler's paradise, a Las Vegas cat house, and no self respecting traditional investor (there are none on the ZNGA board by the way) goes near it because you can and will lose money over the long haul. That stated, it is nonetheless a key indicator, and well worth watching whether you have a position or not. So what is the VIX currently saying? This is a critical question for the next two months plus.

    Answer: We will experience volatility and volatility to the extreme. The road is down, and down big time. Ain't going to be no boring market, so let's get ready to rumble. ZNGA will bite the dust by the end of October. Why? No earnings and no P/E ratio. Freemium doesn't work. As a business model = Total Fail
    I already recommended a leveraged short of the SPY and two months of Salmon fishing as a relatively conservative strategy. You would be sitting pretty, and have smoked Salmon to boot. Now you're stuck in Farmville with the Memphis Blues again.

    Sentiment: Strong Sell

  • $2.50 to $2.42 on a miserable 3 million shares, and in a New York minute? Volume is my pet obsession. There is no single indicator with greater importance. ZNGA behaves just like the penny stock it is. You will be wiping your posterior orifice soon with pink sheets. Again, I preach unto you. ZNGA's ultimate undoing will be its absolutely horrible liquidity. Yes Dorothy, for every seller, there must be a willing buyer. But at what price? Junk bonds will behave in an identical manner. We simply need a few nasty defaults in the oil sector. Coming soon enough.

    Sentiment: Strong Sell

  • However, should such a thing occur, as was the case yesterday, this would be a huge technical negative. I anticipate a very exciting day of trading this Friday with huge volatility. Traders and managers must decide what positions they wish to carry over an uncertain weekend in a very nervous market. Again, call day to day movements over a short time frame at your own peril. I can't do it with any measure of success, and I doubt you can either. The bottom line is that the primary trend is down, and down big time. October is the month to be feared in a historical context. ZNGA will flutter about until it dawns on the sheep that this junk company will post more losses in a couple of months. There is now zero room for error as sentiment shifts from greed to fear. Quite simply, ZNGA is dead dog meat. You simply circle the ZNGA wagon train and wait patiently for self-immolation. That's been my strategy since $14.19.

    Yes honey, things are different this time. Very different. 30% downside risk in the broad averages, and possibly more when junk bonds swoon and complex derivitives unwind in ways not fully anticipated. Hal already told me so. "I'm sorry Dave. I can't do that."

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Aug 26, 2015 10:12 AM Flag

    I make typos regularly, so you can see where the correction is required in the heading. Sorry, but the mind often works faster than the fingers.

    Sentiment: Strong Sell

  • You best be damn careful in these treacherous waters. This is a short term traders market, and by short, I mean any rally will be measured in hours. Selling resumes, so all bounces should be taken as opportunities to sell. My son (a product of a Third World bicycle adventure) attends the UC System, with majors in economics and accounting. I would have actually preferred he study something entirely impractical like English Lit. Suffice to say, he secured a summer internship with Morgan Stanley, unpaid, but good experience. Among the 58 kids participating, they have a little stock market competition. Take it with a grain of salt since they don't trade with real money, a critical consideration. Guess who's in first place? Did he inherit my pathetic cynicism and vision of gloom and doom? I certainly hope not.

    Sentiment: Strong Sell

  • I reluctantly admit the dog ZNGA was in rare form today, and in the green on a rough day. Still, I wonder if you can teach an old dog new tricks. I suspect junk stocks like ZNGA are all in for a rude awakening. Quality issues succumb as well. The dynamic shift has begun, but remains in mere infancy. What does the market do tomorrow? I leave day to day movements to others with more talent, but long term, we are in big trouble.

    Sentiment: Strong Sell

  • Read up on this fraudulent regulation. Ask yourself why it was enacted today and yesterday.
    Summary: Big boys exit first.

    Sentiment: Strong Sell

  • That's potentially very powerful data for the Kosher Nostra. Consider if you have borrowed heavily to purchase Stock XYZ as a speculative purchase. If the big boys know that you and many others have done the same thing, they can then enact a quick downward draft, thus launching margin calls in short order. When you receive a margin call you have two choices, and two choices only. Come up with additional cash immediately, or liquidate the position. Your brokerage firm will be happy to do the latter for you in the event of hesitation. Margin calls of course exacerbate selling pressure. I only mention this to illustrate how thoroughly corrupt our markets have become. Watch out in these waters. We will see more margin calls come rolling in. Downside risk still looms enormous, today's smokescreen notwithstanding.

    Sentiment: Strong Sell

  • The Fed was a heavy buyer of futures contracts before the market open in a vain effort to put a floor beneath further selling. This ploy is running on thin air. Our government will have no more success in controlling the stock market than the Chinese do. Selling resumes. The drastic decline has only just started. Our economy now relies on a trickle down wealth effect of stock ownership which explains why the Fed in in full panic mode. Junk bond funds remain in big trouble. This bounce will be measured in a single rotation of the earth on its axis. Don't be fooled. ZNGA is a very dangerous bet under current market conditions. Yes, we break below $2-.

    Sentiment: Strong Sell

  • The warning signs were everywhere, especially the extremely poor breadth. Of course there will be reflex bounces, but this decline has a long way to go.

    Sentiment: Strong Sell

  • Thank your lucky stars this junk stock is down less than 3%.

    Sentiment: Strong Sell

  • odonnellm66 by odonnellm66 Aug 23, 2015 2:16 PM Flag

    Don't worry. It's just money.
    Now cue up Sly and the Family Stone.
    A product of Vallejo, California.
    A questionable place to say the least.
    Too bad Sly destroyed his genius with drugs.
    Last I heard he was living in a van somewhere in LA.
    His was a groundbreaking and revolutionary sound.
    We don't make that anymore.
    Minds controlled by ZNGA garbage.

    Sentiment: Strong Sell

  • Deflation. Look no further than the price of oil and copper. Look at the price of scrap metal. Look at commodities across the board. Ouch!. Chinese demand is falling off a cliff. Now ask yourself what happens to junk debt in a deflationary environment. Finally, how do ZNGA's drugs of conformity function in a deflationary downward spiral? Please explain the notion of utility. One last question. How do precious metals perform in an era of deflation? You may now return to Dawn of the Testicles.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Aug 22, 2015 9:52 AM Flag

    The big move in the precious metals occurs when they function as a proxy for a US dollar in sharp decline, and obviously, this is not yet the case. China or Russia (perhaps jointly) may one day issue a currency backed by gold, and that will be the death cross for our currency since the United States is up to its eyeballs in debt which will never be repaid except by inflating the dollar. These are long term problems, so you really need a bare minimum of a three year time horizon, and patience is not a quality on the ZNGA message board. For the moment gold and silver can only function as a hedge against a large stock market decline or currency wars, and keep in mind this is against a backdrop of rampant deflation. Thus, a precious metals buyer must ask how these metals perform in a deflationary environment. Study how gold and silver performed after the 1929 Crash. There are also huge differences between gold and silver. Gold, despite some applications in electronics, is primarily a storehouse for wealth. Silver has very significant applications in industry even though photography demand has died, and it is more susceptible than gold to deflationary forces. Central banks don't want to see either metal rise, as this represents competition for their fiat currencies. Central banks can sell gold to suppress the market since they are large holders, though there is some doubt about how much gold our own Federal Reserve actually has. Despite some pitfalls, I like poor man's gold which is obviously silver because the upside potential is so much greater when the US dollar finally succumbs, which is but a question of time and patience.

  • Clearly there was a fair measure of pain inflicted this week and entirely expected by Zngathustra, but within the context of the 666 low, "tis but a scratch," and downside risk still looms enormous, with Friday's S&P close at yet an astronomical 1970. That stated, we can expect a very strong reflex rally next week, perhaps as early as Monday, and within the range of 300 to 500 DOW points. If you can predict day to day movements in the market with a high degree of accuracy, you are a better man than me. Suffice to say, a strong reflex rally is coming. You pick the day. However, be very careful at this juncture because the buy the dip mentality will prove long term a disastrous strategy. It is meant only for the very adept short term traders, which is very few of you, and the decline shortly resumes. I suspect we give back a minimum of 40% of the gains from the 2008 low. It could get much uglier when junk bond defaults soar and derivitives begin to unwind. In terms of downside risk, we are in uncharted waters.
    Summary: In these treacherous waters with sharks circling everywhere, the junk stock ZNGA is toast. The aversion to risk, and ZNGA is one huge risky bet, now grows by the minute. Remember, ZNGA posts more losses just a couple of months away. Should any major player attempt to exit a large position in ZNGA, this sham outfit faces a liquidity crisis. Where do the buyers come from when the herd is scared?

    Sentiment: Strong Sell

  • Each time ZNGA declines, I simply buy more. This strategy has been causing me a bit of grief. Perhaps I should have sold at $13- just like mark Pincus and his tribal brothers. Their market timing proved to be excellent, and here I am rolling in the pig sty.

    Sentiment: Strong Sell

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