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odonnellm66 235 posts  |  Last Activity: 2 minutes 36 seconds ago Member since: Jan 17, 2012
  • It is to be measured in days and hours, and the wrath of the stock gods is about to be unleashed. This all leads me to comment on today's plunge protection team (The Federal Reserve) in our own markets, just as we were about to break below the critical 200 day moving average. Who in their right minds believes this charade is sustainable over any broad measurement of time? Who would question why 35% of all stocks listed on the Shanghai Index are currently suspended from trading-- that is, frozen and halted. Where's free market capitalism in any of this? Market downside risk is off the charts at this point, and we in are uncharted waters, and yet, complacency still reigns supreme. Your greatest fear should be mass contagion (a la 2008), despite the lies fed to you by financial media at large, namely that Greece (and China) are non-events with little or no impact on American markets. Do you seriously wish to chase junk stocks like ZNGA (zero earnings) in this extremely perilous environment? I'll talk to you when ZNGA is trading below $1.99. It's coming.

    Sentiment: Strong Sell

  • Reply to

    RUMOR ZYNGA EARNINGS LEAKED 212 MILLION!!!

    by jdubbbbb Jul 7, 2015 12:56 PM
    odonnellm66 odonnellm66 Jul 7, 2015 2:54 PM Flag

    Today's pump fake is entirely reliant on rumors, which primarily explains why volume, as usual, is entirely missing in the equation. The mad speculators on this board operate on whims, limp wet dreams, hallucinogenic fancies, and of course, unfounded rumors. Smart money never buys into this absolute hype, and again, this explains the anemic volume. No, ZNGA remains ever consistent. We will see more losses posted this August. Quite simply, this company of asinine fads has a huge problem with dwindling revenue, and active users dropping like dead fruit flies. We still have 1600 highly compensated and spoiled techies at the ZNGA Brain Trust, and they continue to bleed ZNGA's much touted cash reserves dry. At some point the cash is gone. ZNGA's menu of ennui is a zero sum game. It has been since the scam IPO. Short at will.

    Sentiment: Strong Sell

  • They remain massively underfunded even while the averages are near all time highs. So what happens when the indexes are off let's say 40%? Remember, states and municipalities cannot print money. There will be many more Stocktons and Vallejos. This is one huge ticking time bomb. Don't forget the coming student loan defaults either. It's a $1 trillion dollar market, greater than all credit card debt combined. Prepare for the ouch moment now.

    Sentiment: Strong Sell

  • We ought to be off a minimum of 500 DOW points today. No matter. The pain still comes. The central banks are losing control of their ponzi scheme. The Chinese decline also continues. Patience rewards the shorts, just as it has with ZNGA. Long term, watch for big problems in the junk bond market. Then we witness a dynamic shift to fear.

    Sentiment: Strong Sell

  • It baffles me to no end why some people enjoy self inflicted pain. OK, you want to be spanked on a daily basis? This you shall have more of. Next stop on this ship of fools is $2.50. We can also anticipate heavy selling in the broad averages. It will be measured in the 1000's of DOW points. That's when ZNGA shows its true color--deep dark red. The Scarlet Letter: Z

    Sentiment: Strong Sell

  • What's the counter party risk to highly complex derivitive contracts which will unwind in ways not anticipated? The short answer is it's huge. The system is leveraged as has never been seen before. Will the common taxpayers be asked for more money? Yes, of course.

    Sentiment: Strong Sell

  • Therefore blood must flow thick in the streets.
    Thus spoke Zngathustra.

    Sentiment: Strong Sell

  • Reply to

    MannKind Afrezza Weekly Prescriptions

    by sfjlegends Jul 3, 2015 1:02 PM
    odonnellm66 odonnellm66 Jul 5, 2015 9:54 PM Flag

    The one month chart indicates that MNKD is in a major tailspin, and the broad indexes are yet to decline, though pending. Here's the prescription for this most recent trading disaster:
    1. Four Our Fathers and three Hail Mary's on your knees in complete supplication.
    2. Regular attendance at meetings of Gamblers Anonymous.
    3. Repeat after me: "I shall not trade stocks while imbibing Strawberry Daiquiris."
    4. God could and would if He were sought.
    5. 3'rd Step.

    Sentiment: Strong Sell

  • China, not Greece, is likely the really big story. The Shanghai Composite was off another 6% last night. It is down more than 24% in just over two weeks. This is despite massive intervention and rate cuts by the Chinese Central Bank. We now witness panic selling and margin calls in Shanghai, and nearly $3 trillion in market cap has been erased. History does have an odd tendency of accelerating at critical junctures, and markets declines then take on lives of their own. How does ZNGA fare in a U.S. market rout, which we are on the very cusp of? The short answer is not good. The ZNGA Brain Trust vaporized billions of shareholder capital ($15- to $2.84) in the midst of one of the greatest stock market ralleys in history. The company still does not make a dime, and will post more losses this August. This bloated pig remains in big trouble. Further layoffs are not a question of if, but when. Don't get me wrong. Greece remains very important in terms of establishing precedent for other nations under the curse of austerity, and it's a long list.. We have a perfect storm brewing between China and Greece. Bottom fish junk stocks at your own peril. We have another fascinating week of trading ahead. Yes, it will be exciting. Hold on for the ride.

    Sentiment: Strong Sell

  • Gonzo financial journalist, the infamous Zngathustra, recently conducted this interview aboard Don's 100 foot yacht cruising the Vancouver Sound.
    Zngathustra: While it's common knowledge that you were axed by Mark Pincus, weren't you also fired at Microsoft?
    Dr. Don: No. I was given a permanent leave of absence at Microsoft.
    Zngathustra: Describe a typical work day at the ZNGA Brain Trust.
    Dr. Don: It was an extremely stressful period. I was attempting to right a rust bucket
    which had keeled over. I also had Mr. Pincus breathing up my posterior orifice every minute of the day.
    Zngathustra: Explain further. I thought the disgraced CEO had resigned.
    Dr. Don: Mark is like the mad aunt you have in the tucked away in the attic. You never really get rid of him. Since he awarded himself a special class of shares and holds the majority of the voting rights, he will haunt the ZNGA Brain Trust until the stock is formally delisted.
    Zngathustra: Do you think Mark has been reincarnated in a legitimate sense?
    Dr. Don: No, he's an absolute control freak and will still do most anything for a quick buck.
    Zngathustra: What's your view of the ongoing civil litigation?
    Dr.Don: That's a $600 million dollar question. Mark and the tribe, a syndicate which I was never a member of by the way, are guilty as charged. They would be wise to settle out of court.
    Zngathustra: You were a console man. Wasn't mobile outside of your expertise?
    Dr. Don: Good thing they never asked that question in the interview.
    Zngathustra: How any millions of ZNGA shareholder money did you walk away with?
    Dr. Don: I'd rather not say. It does support the lifestyle I'm accustomed to.
    Zngathustra: How did you otherwise enjoy your time in San Francisco?
    Dr. Don: You would be hard pressed to find a straight conversation in that town. I'm glad to be out of Sodom.
    Zngathustra: Thanks for enlightening us.

    Sentiment: Strong Sell

  • All delusional opinions aside, a one month chart reveals the true story of this pathetic company. An intraday high of $3.07 was achieved last June 5, and it has been a steady downward slope since then. Grain by grain, there has been a slow steady price erosion. It should concern the speculators on this board that the ongoing decline occurred on the back of extremely subdued volume. That tells me that interest in this sham company by smart money is dying at a rapid clip, and the long term baggies have yet to unload this lost cause. Those remaining in La La Land live on a prayer, and even these mad cap gamblers will tire of loss carry forwards. That day is still before us, and we will soon see a single session where more than 30 million shares attempt to cross the tape, and ZNGA's horrible liquidity is thus revealed. The bid side will then drop precipitously as the sheep all press sell simultaneously. I suspect the ZNGA decline occurs in the midst of heavy selling in the broad averages when the players decide it is no longer feasible to hold companies with zero earnings.
    Disclosure: Zngathustra is well compensated by a major hedge fund to rant and rave incessantly on the ZNGA message board. His only requirement is to be a seeker of truth at all times. "Truth is beauty, and beauty truth. That is all there is and all there is to know."

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jun 30, 2015 1:40 PM 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 Jun 30, 2015 1:18 PM 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

  • odonnellm66 by odonnellm66 Jun 30, 2015 12:43 PM Flag

    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

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