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  1. B

    the incredible lameness of insider trading

    If you've ever lived in a dysfunctional society, you know that screwing people over and taking advantage of weakness is almost a matter of personal honor. "Your honor, the car was unlocked. I had to steal the radio as a matter of principle. That kind of behavior cannot go unpunished."
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    the incredible lameness of insider trading

    Rajat Gupta called his buddy RajRaj near the close on Sept 23 2008 to tell him that Warren Buffett would be making an investment in Goldman Sachs. The deal was announced after the close. The stock closed at $125, which is probably about where the tippee could have bought his shares. It opened...
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    shooting the moon

    I get the FCF yield this way. $315 EV/$65 free cash, growing at 150%. Earnings should be coming in early Nov. Edit: To be clear, the company is Visalus, owned by Blyth (BTH).
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    shooting the moon

    This trade hasn't worked as planned . . . so far. Avg price is about $26, price today is $24. I would normally sell out of a chart this ugly once I had losses, but this is what I think is happening (always dangerous, lol): there is a big buyer/s, perhaps the company itself, sopping up a flood of...
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    poker degens and their stupid prop bets

    This is hard to believe. And it makes you wonder if what the real net worth of these poker players is. http://www.onlinepoker.net/poker-news/poker-pros-news/tensions-rise-mike-matusow-admits-2-million-pay-prop-bet-ted-forest/6929 Despite Ted Forest managing to shed an incredible 50lbs of...
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    Ray Bitar and Bright Trading

    Reading about all these poker players and their cash flow problems, I don't get the sense that very many of them are good business people. Lindgren is a "degen," that much is clear. But the rest of them seem to owe each other tons of money. Why?
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    Ray Bitar and Bright Trading

    Ha I actually understood that
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    shooting the moon

    Pos #2: Lone Pine Resources (LPR) is forming a nice bull flag. News should be coming soon. Broken ipo, catchup squeeze. Benefiting from natgas rally. http://stockcharts.com/h-sc/ui?s=LPR&p=W&b=5&g=0&id=p57317638959
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    Student returns $690 million check from Treasury

    This has to be the greatest heist ever. http://money.cnn.com/2012/10/12/news/economy/100-bill-theft/index.html?hpt=hp_t3 "Unknown thieves stole a "large amount" of newly-designed $100 bills bound for a Federal Reserve facility in New Jersey on Thursday, the FBI said. Frank Burton, Jr...
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    shooting the moon

    First set up is Blyth (BTH) which is following the three and one pattern, as seen in GRPN and JEF. Compare the charts. BTH http://stockcharts.com/h-sc/ui?s=BTH&p=W&yr=0&mn=6&dy=0&id=p15842670716 Compare GRPN in August 2012...
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    shooting the moon

    For the amusement and entertainment of the Elite Traders, a journal to record some of my set ups. I'm a stock trader, generally take large positions, and trade infrequently. I generally go for high-probability trades with large position sizes (as a % of my account), usually lasting for days or a...
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    AAPL: Buying the Dips!

    I put in a rule a few years ago that saved me from the last bear market: buy only stocks at new highs. I've modified that as my discipline improved, but buying the lows gets old fast.
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    Natural Gas

    So what is the market seeing that I'm not? Production is high and storage appears to be full, why the move in nat gas?
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    Stock investing ideas

    Don't worry, your secret is still under wraps.
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    Fraud growing in scientific research papers

    The other problem is that only positive results are published, so if you fail to prove your hypothesis, the results go into the bottom drawer and never get published. But of course if there is a 5% error rate, then somebody will get a false positive and publish the positive results. So the...
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    MCP, value play or value trap

    Once these cult stocks crash, they usually just fade away. The party's over. IMO
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    MCP, value play or value trap

    See you sub-$5. This is a turd.
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    Blyth BTH

    Stock traded as high as $32 after announcing some news. I find it interesting how little interest there is in stock trading ideas. I called this a few days ago, said it would be over $30 in a few days. Was correct. Got 84 views. How is scalping ES going, guys? Did you buy after the red bar and...
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    Blyth BTH

    Blyth is now down at $27 after pulling the ipo. Blyth is possibly the fastest growing company in the US markets right now, and it's currently trading at less than 10x earnings. It pulled the ipo, probably because MLM companies are not in favor right now (take a look at the HLF chart). This could...
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