$$$ Extreme Makeover at Morgan Stanley [NYT]
$$$ The Agony of Dan Zwirn [II]
$$$ Daimler Faults Cerberus in Talks Over Chrysler [Dealbook]
$$$ Morgan Stanley to sell $5.25 bln in notes Wednesday [Reuters]
$$$ That's it for us today. Happy Thanksgiving. Brief posting/moral support for those of you working on Friday. Remember, it could've been worse-- you could have been on the Indians' side of the encounter. (Sporadic holiday updates may find their way in if EP drinks too much.)
Posted by bank_teller , Nov 26, 2008 12:43PM
Happy firstgiving!
Posted by Lowly Assistant , Nov 26, 2008 12:45PM
Greaaatt. Thanks a fucking lot for leaving the troops in the trenches, Lev.
Posted by guest , Nov 26, 2008 12:46PM
Does the Times get paid for writing those feel good 'MS 2.0' articles?
Was that anything more than a PR piece?
Will there be enough introductions-to-the-new-boss pieces this year to save the NYT dividend?
Posted by guest , Nov 26, 2008 12:46PM
Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country. It measures everything, in short, except that which makes life worthwhile.
Happy Thanksgiving.
Posted by guest , Nov 26, 2008 12:46PM
Happy Thanksgiving Ladies!
Posted by Phobos , Nov 26, 2008 12:57PM
@4
You suck. Go make me an Americano plz k thx.
Posted by guest , Nov 26, 2008 1:02PM
Everyone knows someone who is unemployed, so pick up the phone and give them a call.
Semper Fi Bitches!
SPODE
Posted by guest , Nov 26, 2008 1:11PM
"its still fluid"
Posted by Harald , Nov 26, 2008 1:11PM
HT Bess and the DB staff!
Posted by guest , Nov 26, 2008 1:14PM
Im going to be fluid at about 5 pm tonight, vodka fluid.
I agree with Spode, reach out to your friends that are hurting, and let em know you are fine and have job security!!!
Just kidding, try and boos some morale . Happy turkey day biatches
Posted by guest , Nov 26, 2008 1:14PM
Lazy Pikers
-General M. Bison
Posted by guest , Nov 26, 2008 1:15PM
@DB does this mean we can post shit without it being deleted?
cool. wideclops.
Posted by guest , Nov 26, 2008 1:16PM
Just FYI,
http://wcbstv.com/breakingnewsalerts/subway.terror.plot.2.874410.html
Happy TG all.
Posted by guest , Nov 26, 2008 1:21PM
Michelle Caruso-Cabrera makes me SO hot.
Posted by guest , Nov 26, 2008 1:23PM
TGFD is cooking Thanksgiving Dinner tomorrow. I do every year. 19lb turkey this time. Everyone's invited. If the weather is decent I'll set up the archery range too. Do that every year as well while the turkey's roasting.
SPODE@#7...
Best post of the day.
Happy Thanksgiving to all.
The Guy from Delaware
Posted by guest , Nov 26, 2008 1:24PM
Bess Happy Thanksgiving!
Posted by guest , Nov 26, 2008 1:25PM
marketwarnings.com nailed the bottom of friday nov 21, 2008, and has just called profit taking today Nov 26 at 12:57PM with sp500 at 872. Bottom was nailed at sp741.
Return of close to 20% on the sp500 in three days only! That is HUGE!
Latest call:
http://www.marketwarnings.com/2008/11/spx-qqqq-dow-dia-sp500-trading-price.html
BOTTOM CALL OF FRIDAY:
http://www.marketwarnings.com/2008/11/dow-spx-stock-market-bottom-november-21.html
Posted by guest , Nov 26, 2008 1:25PM
TGFD,
You better be drinking some Opus One and Krug with those C trades.
Posted by guest , Nov 26, 2008 1:30PM
@17...go get hit by a bus.
I hope a turkey shoots you with a musket.
Posted by cy , Nov 26, 2008 1:33PM
4-
I usually don't like to bash other commenters (i'd rather stick to the ideas), but you, sir/madam, are a fucking moron.
A point by point refutation of your analysis...
"health of our children"- it's well documented that in terms of nations "wealth equals health." the higher a nation's gdp is, the lower the infant mortatilty rate, the longer the life expectantcy, and the fewer the diseases, infections, and other medical complications throughout the citizen's life. How healthy would your daughter be if she were born in sub-saharan africa?
"joy of play"- how much joy do you think children have weaving together rugs for nickels an hour in the middle east, scavaging through garbage dumps for scrap metal in indonesia, or serving as child soldiers in african civil strife?
"beauty of poetry"- Looking back, the art we still admire comes from the wealthiest societies (the art coming from when the societies were wealthy.) In order for some of society to be employed as artists, there needs to be, by necessity, excess supply of basic needs.
"intelligence of debate/integrity of officials"- Again, you can find the world most corrupt officials and closed-minded regimes in the world's poorest places. In this case, the causation seems to run the other way: good gov't, openmindedness, low corruption, and well-defined property rights create a wealthy nation, not the other way around. The fact still remains that if you look at a list of the most free, least corrupt societies, they will also be the wealthiest.
"wit/courage/wisdom/learning" Of course gnp/gdp measures wit and courage. Maybe not running into a burning building courage, but certainly the appetite for taking entrepenurial risk. gnp is also positively correlated to education (and educational achievement is HIGHLY correlated to personal income within the country)
"compassion"- the united states sends more foriegn aid around the world than any other nation. If a tsunami were to hit the US right now, how much "compassion" do you think would be coming from india, burma, indonesia, and thailand?
SO, in summary, you think that a society's economic production has nothing to do with the qualities you've listed as desirable. In fact, economic production has EVERYTHING to do with those qualities. So before you think we can all move to a commune where economics don't matter because we'll have "intangibles" coming out our asses, please stop and consider reality.
Happy Thanksgiving, all.
(Please remember to think of what you should be thankful for.)
Posted by guest , Nov 26, 2008 1:33PM
#4 .."the intelligence of our public debate or the integrity of our public officials"
FFS are you for real?
Posted by guest , Nov 26, 2008 1:34PM
@#18...
TGFD stopped drinking back in 1981, and I haven't been keeping up with current events in that scene. So I must ask...WTF are "Opus One and Krug"?
The Guy from Delaware
Posted by guest , Nov 26, 2008 1:38PM
Opus One...is a wine. Krug is champagne.
And you idiots going on about 4 - google it - its a quote from Robert Kennedy. Step away from your bloomberg terminals and read something else besides a fucking CDS spread chart.
Posted by guest , Nov 26, 2008 1:40PM
EP doesn't drink.
Posted by guest , Nov 26, 2008 1:43PM
TGFD how old exactly are you? You are older than obama right?
Posted by cy , Nov 26, 2008 1:46PM
23-
I don't care if it was something Jesus said while he was getting blown by Abraham Lincoln. It's absolute nonsense (for the reasons I listed), and we'd all be a lot better off if we stopped thinking that "friendship" or "compassion" will solve all our problems.
Posted by guest , Nov 26, 2008 1:49PM
@#25...
TGFD will be 60 right near the end of December. Older than obama for sure. Most on DB already know this.
The Guy from Delaware
Posted by guest , Nov 26, 2008 1:50PM
@26...hahaha - Jesus and Abe...wow. Finish the day on that thought! ahahahaha.
-- Moses
Posted by guest , Nov 26, 2008 1:51PM
Some event-driven hedge funds won’t have much to be thankful for tomorrow. Wednesday’s news that Bell Canada’s $50 billion leveraged buyout — the largest in history — is in jeopardy will likely hammer several big funds that were gaining confidence the deal would close on Dec. 11.
Among the big names that owned Bell Canada shares are hedge funds Paulson & Company, D.E. Shaw and S.A.C. Capital. An arbitrage fund run by BNP Paribas also held about $129 million worth of Bell Canada stock at the end of September, according to public filings.
Other funds that held a substantial amount of shares as of Sept. 30 included Chesapeake Partners, Mason Capital Management, York Capital Management and Highbridge Capital Management.
Bell Canada shares were down as much as 40 percent in premarket trading after the telecom giant said Wednesday that a preliminary report by its auditor, KPMG, found that “given current market conditions,” it would not remain solvent once it took on the $33 billion in debt needed to take it private.
Posted by guest , Nov 26, 2008 1:52PM
TGFD...you old bag. You are a feeble fuck!
Posted by guest , Nov 26, 2008 1:53PM
20 - get a life
Posted by guest , Nov 26, 2008 1:54PM
@30...when you have the money I do and are not wasting your time on unemployment as you most assuredly are then you can talk shit to me. Until then if I see on the streets I will make sure to push you down.
The Guy from Delaware
Posted by guest , Nov 26, 2008 1:55PM
@29...they should've done what their names say - HEDGE and had some short positions on just his possibility to cover their arses. If not, then they deserve to get hit.
Posted by cy , Nov 26, 2008 1:58PM
TGFD-
Stop ducking us!!
What's the exciting conclusion to your Citi saga? You riding those bitches to the promised land or what?
Posted by Anal_yst , Nov 26, 2008 2:02PM
jesus II's website is heinous, makes DB look like google by comparison.
Posted by Phobos , Nov 26, 2008 2:09PM
@analyst
MarketWarnings?
Posted by guest , Nov 26, 2008 2:09PM
@32 TGFD, you sound like you have done a lot of drinking before '81...
Posted by guest , Nov 26, 2008 2:09PM
@#30...
TGFD didn't write #32, and I probably couldn't have come up with such a witty retort as #32 did in my place.
But just so you'll know, TGFD is not feeble, I have a full head of hair (not gray), I'm muscular & athletic, most everyone thinks I'm in my mid 40's, and chicks of all ages come on to me often. My good social connections don't hurt either. Most on DB already know these things about TGFD.
@#32...
Thanks for your kind show of support.
The Guy from Delaware
Posted by guest , Nov 26, 2008 2:09PM
@30 insulting someone's intelligence or attitude is one thing (you can change that), but calling an older guy a feeble fuck?
i disagree with TGFD, a lot. this has nothing to do with his age.
wideclops say, 'we should all be so lucky to reach the big 60.'
Posted by guest , Nov 26, 2008 2:11PM
@38
Dude this isn't craigslist.
PS: you sound gay as christmas
Posted by Phobos , Nov 26, 2008 2:13PM
I like TGFD: he's like your retarded cousin.
Posted by guest , Nov 26, 2008 2:19PM
The NYT article a public relations piece? Public service, more like. Look how they've clawed back $6 billion of those fat-cat MS bonuses for the American taxpayer: "Last year, Morgan Stanley paid out $4 billion in bonuses to its then 48,000 workers."
Huzzah!
WTF?
Posted by guest , Nov 26, 2008 2:24PM
Dis is all you gots for me?
Posted by guest , Nov 26, 2008 2:26PM
@#34...
TGFD's Citi saga is not over. I sold 1500 of the 2000 shares yesterday on a stop loss at $5.95 as suggested by VOL IS KING. Got almost all of my initial investment back. My cost was $3.65. Still have the 1000 shares, nearly all profit, and I think I'll "ride" them for awhile.
@#37...TGFD did do a lot of drinking from 1966 till 1981. At times I hit it pretty hard.
Phobos@#41...
Be nice now; it's Thanksgiving.
BTW, anyone think that SRS might be worth a shot now in the mid-120's? That one is pretty wild.
The Guy from Delaware
Posted by guest , Nov 26, 2008 2:28PM
@37 too bad you're not into chicks
Posted by guest , Nov 26, 2008 2:28PM
@38 too bad you're not into chicks
Posted by Clown Capital , Nov 26, 2008 2:29PM
@32/TGFD
Clown Capital: "KICK HIS ASS C-BASS!"
Happy "FuckedUpEconomicTimesGoEatSomeTurkey" Day!!!
Posted by guest , Nov 26, 2008 2:35PM
Vikram Palin!
This Charlie Rose interview of Pandit is a joke.
His overuse of the word "confidence" is very palin'esque
http://www.charlierose.com/view/interview/9653
Posted by Lowly Assistant , Nov 26, 2008 2:39PM
TGFD,
I'm not gonna lie - I initially considered your C bet to be a pretty bad one. Not that I didn't think she'd go up on Monday, but I surely thought she'd tank soon after. I guess I'm also wrong with the dow staying above water this week...
Anyways, you played it quite nicely thus far.
Posted by Phobos , Nov 26, 2008 2:43PM
Agreed. Very contrarian move.
Posted by bondguy007 , Nov 26, 2008 2:48PM
Happy ThanksPaulsonGivingTarpFuckingMoneyAwayToShitmongers Day!!!! Bond Market closed earlier and I'm out. Be safe.
Posted by guest , Nov 26, 2008 3:02PM
@ 38
sup bro?
Posted by guest , Nov 26, 2008 3:12PM
Dan Zwirn is a dick licker.
Posted by Finnegan , Nov 26, 2008 3:18PM
Hey, if TGFD made a few bux having fun with C, and is happy at 60, with a few chicks checking him out, more power to him. What more can you ask for?
Best wishes to everyone this Thanksgiving and beyond.
Also, thanx EP and Bess for the post-Carny efforts on DB.
Posted by guest , Nov 26, 2008 3:18PM
@53 sounds bitter. Thought he was paying for you guys out of pocket?
Posted by guest , Nov 26, 2008 3:24PM
That Kramer gif creeps me out every time I see it. Brrr...
Posted by guest , Nov 26, 2008 3:27PM
Anyone know what the NYFIDCOLL associate #s are??
Posted by guest , Nov 26, 2008 3:30PM
srs - ahhh my favorite money maker. sold it 2 weeks ago at 168 and missed the ride to 215, but got back on for another 50 points....id wait until the teens - and ride it back to 160-170 range
Posted by guest , Nov 26, 2008 3:31PM
srs & uym - the perfect combos to ride this market....
Posted by guest , Nov 26, 2008 3:35PM
i was "on the Indians' side of the encounter."
Posted by guest , Nov 26, 2008 3:35PM
I hope you all have good legs to munch on Thanksgiving Day!
~Bad Leg Quezada
Posted by guest , Nov 26, 2008 3:41PM
@55 not bitter. I just think the guy's a dick licker. I don't have money with him.
Posted by guest , Nov 26, 2008 4:19PM
@#58,#59...
--SRS News Flash--
TGFD's SRS saga has begun. I bought 100 shares at 3:56pm. The price? $118.40. Closed at $119.59. Flat so far in after hours. I'll have to watch it in the days to come. Hasn't been this low since early Nov.
The Guy from Delaware
p.s. I've been burned on this thing before. I should get a stop loss sell order in on Friday, just in case...
Posted by guest , Nov 26, 2008 4:28PM
TGFD, 58 and 59 here. I have held my UYM position and will see how the market moves on Fri. I usually start accumulating SRS while reducing UYM and play the 120-150/160 levels. I ALWAYS have a rolling stop on SRS (ALWAYS!)
Posted by trojan , Nov 26, 2008 4:40PM
when did this become a yahoo board? TGFD id rather you regale us with tales of your Hemmingway-like conquests, over your picks of the day. hell i shorted EGO and got in on SRS in the 80s months ago, but i dont post about it. i'm here for insight and witty commentary.
Posted by guest , Nov 26, 2008 4:47PM
Hey, @44 and 58/59: Are you guys talking EFTs or something?
TOGFD would like to know...geting tied of tipping cows...need to make some green
Posted by guest , Nov 26, 2008 4:54PM
hopefully u sold the SRS at levels above 200 and did not ride in back down...
witty commentary? yes. insight? really?
me, im just here for the fights that never seem to actually occur.
Posted by guest , Nov 26, 2008 4:55PM
TOGFD @66
Before you go trading you need to address the anger that you have against toasters. I continue to offer you a helling hand. I'm listening.
Dr. Phil
Posted by guest , Nov 26, 2008 4:58PM
What number am I bitches? -------------------------->
Hell yea Bitches!
Don't forget to give your former co-workers a call and thank them for their friendship and all the good times.
SPODE
Posted by guest , Nov 26, 2008 5:05PM
Guest @68: I saw your moronic comment last night and decided it was not worth responding to. I feel the same way tonight, but since you are sooo persistent, and rather laughable, I'll throw you a bone, asswipe.
Posted by guest , Nov 26, 2008 5:07PM
@68: PS: Bite me.
TOGFD
Posted by guest , Nov 26, 2008 5:16PM
Didn't Michael Richards (aka Kramer) say where he comes from "they string up niggers" or something to that effect?
Nice job Bess. Ha ha. He's so funny.
Posted by guest , Nov 26, 2008 5:18PM
trojan@#65...
TGFD has been both blasted and cheered (mostly blasted) here on DB for sharing my exploits and opinions on "sex and crazy". I've stayed away from that lately because of all the grim news, layoffs, losses, etc, and I've been trying to masquerade as a sane person.
It wasn't too long ago that I got accused of "hijacking" threads when I put up just a few posts on "sex & crazy". The comments would run like Citi's stock ticker, and I'd get soundly thrashed.
I'm still in the process of writing my "Treatise on Women", and I've posted an excerpt from time to time when DB clowns kept clammoring for one.
Please accept my apologies for the "yahoo" behavior. I've never been there. Only DB.
Sometimes "crazy" takes hold of TGFD, and I tend to overdo things.
Hey TOGFD...
Good to hear from you. ETFs it is. Don't stay away for so long next time. We missed you. Happy Thanksgiving to you.
The Guy from Delaware
Posted by guest , Nov 26, 2008 5:19PM
Did Syrmen ( Tellurian ) do anything illegal at previous job or lose a lot of $? Market dissing him big time. They seemm to approach eveyone for $. I thought they were greaseballs
Posted by guest , Nov 26, 2008 5:37PM
@#64,#58/59...
Thanks for mentioning the "rolling stop" on SRS. That's where TGFD got burned. I never set the stop properly. Any suggestions?
The Guy from Delaware
Posted by guest , Nov 26, 2008 5:41PM
Dubai
DFIC? Who the fuck are these people?And Simon Glover? Commodity scam some say.
Posted by guest , Nov 26, 2008 5:44PM
Adam Jama. Apparently code name of scam.
Posted by guest , Nov 26, 2008 5:44PM
On the Dan Zwirn article no one mentions the fact that Monica his wife was a Morgan Stanley Managing Director.
Posted by guest , Nov 26, 2008 5:54PM
Hey Guys! I get to work tomorrow! I love being scared for my job!
Posted by guest , Nov 26, 2008 6:03PM
@#79...
Will they serve you a turkey sandwich at work, or will a turkey dinner await you when you get home?
Someone has to keep the watch on holidays. You're doing your part to keep the financial wheels turning.
The Guy from Delaware
Posted by guest , Nov 26, 2008 6:42PM
Timmy is packing on the pounds. Looks like cocktail weenie.
Posted by guest , Nov 26, 2008 6:43PM
May foreign markets open tomorrow.
TGFD: why didn't you size that trade? 100K? You got balls? USE THEM!
2800 shares? That's an odd lot in C.
Maybe you're trading your own money. In which case, I hate to say this, but, you should post on Yahoo!finance.
Posted by guest , Nov 26, 2008 6:50PM
TGFD: $11K max profit is what a baller like Spitzer spent Fri pm. -Sun pm. for blow and hokers and room service. What. What are you working for? What is your number? What is FUCK YOU money in your mind? You committed less than $10K in capital. "That's less than my bar bill[sic] - The Flamingo Kid
Posted by guest , Nov 26, 2008 6:57PM
TGFD - Happy Turkey Day to you as well. Didn't mean to stay away but things are really hoppin' at the ranch. Dad had some coronary issues as well which took up some time. Enjoy your comments to these Wall Street types!
TOGFD
Posted by guest , Nov 26, 2008 6:59PM
Ok, I'll say it: The Flamingo Kid is an asswipe. Sorry. Couln't resist. Plus he was trashin' my homie.
TOGFD
Posted by guest , Nov 26, 2008 7:00PM
Whoops. Missed a "d". My bad!
TOGFD
Posted by guest , Nov 26, 2008 7:14PM
TheFlamingoKid@#83...
We can't all be ballers and BSDs like you, but you know what? $11k profit...that's more than your whole firm is going to make this year. Great job you're doing, clown.
The Guy from Delaware
Posted by Phobos , Nov 26, 2008 7:37PM
@trojan
Your comment isn't without warrant, and generally I would agree.. however:
TGFD is now (apparently) the bastard child of DB, he's been around here for months. In those months he's posted incessantly in favor of socialism and the downfall of our sector in general; I can't help but think there's something positive about his learning to trade, and take advantage of downside.
Our solvency can and will come in some greater form: that of our benefit to society. Through education we only seek to advance that --
@SPODE
I agree in whole.
-phobos.
Posted by guest , Nov 26, 2008 8:48PM
Phobos,
Then how about some insight on setting a trailing stop order? Help me learn "to trade."
Thinking of going big into TZA or TNA just have to figure which way the wind blows.
The Guy from Delaware
Posted by guest , Nov 26, 2008 9:08PM
I would love a big, hard, black cock up my poopey asshole!!
SPODE
Posted by guest , Nov 26, 2008 9:20PM
This reads like a bunch of kindergarten kids all looking for attention. I agree with reaching out to those unemployed/houses foreclosed/children going hungry. Those who boast trades they claim they did will not be remembered in 6 months time, be thankful for what you have. Think of those who woke up this morning in India on vacation that can't wait to tour a unknown city not knowing today would be the last. I agree, this is getting to be more like a yahoo chat board instead of "I am 6 foot, 175 pounds and hung" we get "I shorted C at 50 and you suck".. Have a very nice and safe Thanksgiving
-MuniGuy
Posted by guest , Nov 26, 2008 9:50PM
Happy holidays! Have fun celebrating the help and love your worshipful forefathers accepted in dire times only to unashamedly fuck the same people over for profit...nice going, as you say in your imaginative way, asswipes!
Posted by guest , Nov 26, 2008 10:48PM
@TGFD - Thanks for taking the abuse (a fair amount of it was earned) and congrats on your Citi trade. Have a Happy Thanksgiving.
- Fixed Income
P.S. Not giving up booze like you have but know too many people in the business that have.
Posted by onetwo , Nov 26, 2008 10:52PM
@20 - love you.
SPODE - I will be accepting unemployment/turkey day cards all week...you know where to find me.
Posted by guest , Nov 27, 2008 12:19AM
@Phobos...
TGFD didn't write #89; the style isn't mine. This imposter is getting better, though. I like him/her. BTW, I don't consider TGFD to be a socialist.
@#89...
I looked at TZA & TNA. Too wild for TGFD. I'm still hoping for some "insight on setting a trailing stop order", though. Thanks.
The Guy from Delaware
p.s. Need to get up early in the morning. Lots to do. Turkey and all.
Posted by guest , Nov 27, 2008 12:33AM
ALERT breaking news: india's 9/11
attacks in india and their effect on markets.
Details at:
http://www.marketwarnings.com/2008/11/effect-of-attacks-in-india-mumbai-on.html
Posted by guest , Nov 27, 2008 1:56AM
@90- I actually laughed.
You know who.
Posted by guest , Nov 27, 2008 9:13AM
@97
Thanks for the ass pounding last night
SPODE
Posted by guest , Nov 27, 2008 10:16AM
Never though that an old dog like TGFD could deliver so much pleasure to a young punk like SPODE.
#100 will get his/her * stretched before christmas
Posted by Anal_yst , Nov 27, 2008 11:26AM
this has been the lamest/gayest/whatever-ist comment thread i've ever seen on db
@ TGFD
Glad you're learning to trade and getting your hands dirty, but I don't think we need to know the details of your personal life
Hope no one is nearly as hungover as I...
Posted by guest , Nov 27, 2008 11:32AM
well Anal you are a worthy recepient of ze stretch.
BTW, isn't it about time you get promoted to ASSociate so you can be a little less anal and a little bit more of an ass?
Posted by guest , Nov 27, 2008 12:07PM
i'm thankful for friends, family and wideclops
Posted by guest , Nov 27, 2008 1:07PM
TGFD - Why do you refer to yourself in the third person?
Posted by guest , Nov 27, 2008 1:19PM
Let your mind digest this while your tummy works on the Turkey:
FDIC Graphs Show the Extent of Financial Crisis: More Institutions Report Declining Earnings, Quarterly Losses; Lower Asset Values Add to the Downward Pressure on Earnings; Growth in Reported Noncurrent Loans Remains High; Nine Failures in Third Quarter Include Washington Mutual Bank; Failure-Related Restructuring Contributes to a Decline in Reported Capital: http://tinyurl.com/5s3d82
Posted by guest , Nov 27, 2008 3:01PM
THANKSGIVING PRAYER
- William S. Burroughs
http://www.youtube.com/watch?v=Z7_MYrVzU-Y
Thanks for the wild turkey and
the passenger pigeons, destined
to be shit out through wholesome
American guts.
Thanks for a continent to despoil
and poison.
Thanks for Indians to provide a
modicum of challenge and
danger.
Thanks for vast herds of bison to
kill and skin leaving the
carcasses to rot.
Thanks for bounties on wolves
and coyotes.
Thanks for the American dream,
To vulgarize and to falsify until
the bare lies shine through.
Thanks for the KKK.
For nigger-killin' lawmen,
feelin' their notches.
For decent church-goin' women,
with their mean, pinched, bitter,
evil faces.
Thanks for "Kill a Queer for
Christ" stickers.
Thanks for laboratory AIDS.
Thanks for Prohibition and the
war against drugs.
Thanks for a country where
nobody's allowed to mind the
own business.
Thanks for a nation of finks.
Yes, thanks for all the
memories-- all right let's see
your arms!
You always were a headache and
you always were a bore.
Thanks for the last and greatest
betrayal of the last and greatest
of human dreams.
Posted by guest , Nov 27, 2008 3:04PM
@130- TGFD does not refer to himself in the third person.
TGFD
Posted by guest , Nov 27, 2008 3:15PM
Circa 1991 I believe.
TOP TEN THINGS THAT WILL GET YOU KICKED OUT OF THE MACY’S THANKSGIVING DAY PARADE
10. Every time float goes by, screaming at top of lungs, “She’s gonna blow!”
9. Repeatedly asking total strangers if you can sit on their shoulders
8. Going up on Macy’s roof; fishing for Willard’s toupee
7. Throwing your hotel keys onto the float with Little Bo-Peep
6. Rubbing Kermit balloon on Al Sharpton’s hair; then sticking it on the Chrysler Building
5. Cold-cocking Santa; taking his place dressed as Roy Orbison
4. Entering your own float: The Life-Size Beat-Up Camaro with Fifteen Dudes Crammed in It
3. Taking a leak off the side of the reviewing stand
2. Going on and on about how much better the Sears Thanksgiving Day parade is
1. Marching pantsless
SPODE
Posted by guest , Nov 27, 2008 3:20PM
FourWinds Capital Management
New Hires and Recent Promotions
Judson Trapnell, Associate
The Manly Arts
Judson Trapnell, a banker with J.P. Morgan, was also at Cain, to celebrate a friend’s birthday. “I don’t go to places alone,” he said. “I mean, I’m not the type that goes by myself. At least a roommate or a group,” he said. “Someone without friends would go by himself.”
“It’s much easier if both of you are looking for something to take home. I have a couple of friends I can rely on, and not to sound cocky, but I’ve never been that desperate,” Mr. Trapnell said. “My success rate is a lot better when I’m at a party—or at a private club, a university club—and I meet a mutual friend.”
Posted by guest , Nov 27, 2008 4:24PM
Happy Thanksgiving, Bess:
http://www.iwatchstuff.com/2007/11/in_honor_of_thanksgiving_thank.php
Posted by guest , Nov 27, 2008 4:40PM
#102, LOL!! heaven help us, that is the damn truth... TGFW (and huzzah to the man who intro'd it)
Posted by guest , Nov 27, 2008 5:19PM
@108 hahah what a douche. Look him on on facebook and post a picture. Is he from joyzey originally or delaware?
Posted by guest , Nov 27, 2008 6:42PM
Happy Thanksgiving wideclops! Where those boots!
Posted by guest , Nov 27, 2008 8:33PM
"you could have been on the Indian side of the encounter"
Is that meant to be a witty quip you MOFO. Real people are dying over there for no fault of theirs. I don't ask you or expect you (Americans) to be sympathetic of other people's pain, but atleast don't make fun of it. Human suffering is the same everywhere, even if the ones suffering are not white skinned Americans.
Posted by guest , Nov 27, 2008 8:49PM
This post is highly likely to get expunged in the near future, as Bess for some reason seems to do, perhaps by accident.
Anyhow, the comment is in regard to Zwirn, who I used to work with and knew somewhat: dan, there is always a time to turn. there is always a time to seek the one who you have occasionally sensed was there. he is there. hang in there my friend. but pay attention. yours.
Posted by guest , Nov 27, 2008 9:51PM
@113
Indians = Native Americans
Pipe down mofo!
Posted by VOL IS KING , Nov 27, 2008 10:46PM
@114:
Zwirn's business model, as described in that article at least, will never be viable again, he's one notch above the money store or national rent-to-own.
Posted by er666 , Nov 27, 2008 11:09PM
@133- you are a moron. the line does not refer to what is going on in mumbai (which occurred after this was posted), but the whole pilgrims v native americans (ie indians) encounter. grow a brain cell.
Posted by guest , Nov 27, 2008 11:45PM
TGFD is stopping by for a visit late this Thanksgiving nite.
I see that the latest post, #117 is responding to #133. Hmmm...looks like a lot of posts have been expunged. If any of those deleted were signed by someone claiming to be TGFD, then those posts weren't written by me. I haven't posted anything since what is now #95.
Sounds like DB was going wild today. WTF happened? Did the children have too much pumpkin/pecan pie?
The Guy from Delaware
Posted by guest , Nov 28, 2008 12:53AM
117 is a typo.
Posted by Investorcluzo , Nov 28, 2008 2:59AM
wow, looks like folks were restless today! tgfd has become phoenix like after his c trade. I remember the days when his rhetoric had people calling for his blockage from this site...happy turkey day to all.
poor zwirno, they guy does work really hard. but to be such a micro manager, it seems odd that the accounting irregularities could have popped up without his knowledge. that said, they guy was making money when others were losing it. which goes to show, if you lose the confidence/trust of your investors/clients, it doesn't matter what you do. I'm sure he'll come out fine; he's surrounded himself with some influential people that will shepard him through this episode.
Posted by guest , Nov 28, 2008 9:19AM
Dan Zwirn is fat
Posted by cy , Nov 28, 2008 9:47AM
Happy Black Friday, sons!
I'll see you guys at Wal-Mart, where I'll be shopping for a pair of monocles for a certain special someone (hint... conventional glasses are too narrow).
...and a shamwow to keep 'em clean!
Posted by guest , Nov 28, 2008 10:59AM
@122...wideclops...wider than Santa's fat ass.
Posted by guest , Nov 28, 2008 11:00AM
Alternative Green Energy is the Future. Rentech (RTK) Significant Announcement on the Horizon
Company: Rentech
Ticker: RTK
Company Snapshot: Rentech is composed of two business segments each focusing on a major global issue, alternative green energy and fertilizer production. Rentech’s alternative energy segment is one of the world's leading synthetic fuels technology and development companies. Over the last twenty-five years, Rentech has developed and patented the Rentech Process, an advanced version of the well-established Fischer-Tropsch process. The Rentech Process can convert a wide array of carbon-bearing materials, including green resources such as biomass and municipal solid waste, into ultra clean fuels and chemicals ranging from jet fuel to diesel gasoline. Rentech’s objective is to help the world reduce its dependency on oil and lower emissions, including greenhouse gases. Rentech’s second business segment is their fertilizer plant Rentech Energy Midwest Corp. -REMC-, located in East Dubuque, IL. REMC is one of the country’s largest nitrogen manufacturers producing nitrogen-based fertilizer products and industrial nitrogen products.
Recommendation: Buy
Recommendation Date: Friday, November 21, 2008 at .50 cents per share
Recommendation Results:
** 11/21/2008: UP 8.00%
** 11/24/2008: UP 12.96%
** 11/25/2008: DOWN -1.72%
** 11/26/2008: UP 3.42%
*** Since Date of Recommendation: UP 24.00%
________________________________________________________________________________
On Friday, November 21, 2008 we recommended Rentech (Ticker: RTK) with a buy rating at .50 cents a shares. Since then a few positive and significant developments have taken place.
* November 22, 2008 Indiana and Illinois announce they are pursuing major clean coal power projects. Illinois Attorney General Lisa Madigan has announced a measure that will create 2 clean coal projects including a $2.5-billion plant near Taylorville, Illinois. That plant comes in the wake of another $2 billion coal gasification project in southern Indiana.
http://www.wthitv.com/dpp/news/news_wthi_Indiana_and_Illinois_Clean_Coal_200811212155
* November 22, 2008 Baard Energy has received its final air permits from the Ohio EPA which in turn allows them to build a coal to liquid plant in Wellsville along the Ohio River. One of the first of its kind. The permit is the third and final state environmental permit necessary for Baard Energy to proceed into final design and construction of the 53,000 barrel-per-day coal/biomass to liquids plant at the Columbiana County Port Authority site in Wellsville. Baard has yet to release who will supply their Fischer-Tropsch technology.
http://www.reviewonline.com/page/content.detail/id/507886.html?nav=5008
* November 22, 2008 President-elect Barack Obama reaffirmed his support for alternative energy. This includes Rentech’s Fischer-Tropsch technology that converts biomass, natural gas, and coal into liquid fuels ranging from jet fuel to diesel gasoline.
http://news.yahoo.com/s/ap/20081122/ap_on_bi_ge/obama_economy_12;_ylt=Anucx2RdHWzyzTRuGeA1tl0Gw_IE
* November 24, 2008 The US Air Force concluded analysis of the effects of using a natural gas-based synthetic fuel with its Lockheed Martin F-22, as work to trial the technology accelerates through its trainer, transport and fighter fleets. The office of the assistant secretary of the air force for installations, environment and logistics is expected to select a private partner during December to develop a Fischer-Tropsch production facility at Malmstrom AFB, Montana.
http://www.flightglobal.com/articles/2008/11/24/319113/us-air-force-completes-f-22-synthetic-fuel-trials.html
________________________________________________________________________________
As of Friday, November 21, 2008 for an Aggressive short-term trade we like Rentech at these current levels. Rentech will release fiscal year 2008 financial statements December 16, 2008. Rumor has it these numbers will be very positive.
Rentech’s stock price has been down significantly along with everyone else:
15 days down –43%
45 days down –62%
65 days down –79%
The last time Rentech hit .46 cents a share was October 27, 2008 and the stock proceeded to rally .43 cents to .87 cents a share. An 89 percent increase in 7 days. Since March of this year a 40 to 80 percent fluctuation in price has been common and we look for this level of volatility to continue. Rentech could easily exceed a $1.20 per share before year-end based on a number of reasons.
Rentech’s management is currently in a pickle. The stock has dropped significantly and the officers of the company need results ASAP if they want to be able to justify their year-end bonuses. In addition, all stock options are underwater including those belonging to the board of directors. As we have seen in the past, Rentech actively manages their stock price by issuing press reports before releasing their latest financial numbers. Only to be followed with additional press releases over the coming weeks in an attempt to influence the stock price. One news release could easily move Rentech’s stock price .50 to .60 cents like it has done so many times in the past. Two or more press releases could be very significant.
Press releases for Rentech's alternative energy segment could focus on:
* Technology licensing partnerships = Revenue increase
* Revenue and cost sharing relationships = Revenue increase and cost decrease
* New business strategies and directions = Shareholder assurance
* New product sales revenue generated by their Product Demonstration Unit -PDU- leading the way to future business opportunities as companies discover value in Rentech’s numerous gas to liquid products = Revenue increase and shareholder assurance
* Continued process improvements at their Product Demonstration Unit -PDU- facility in Commerce City, CO = Shareholder assurance
Rentech’s fertilizer plant, Rentech Energy Midwest Corporation -REMC- located in Dubuque IL, is an extremely valuable asset that generates a tremendous amount of cash. The value of this plant alone creates a support at current levels helping to reduce downside risk. Rentech currently has 166 million shares outstanding and their fertilizer plant alone is valued between 120-210 million. A quick back of the envelope calculation, 122/166 and 210/166, suggests a stock price between .73 to $1.27.
Rentech recently reaffirmed EBITDA guidance for their fertilizer plant and there’s a good chance Rentech will post a net income, something they haven’t done in years. Moving from a net loss to a net income would be a significant event and I think the street HAS NOT priced this into the stock. Last quarter Rentech successfully completed their Product Demonstration Unit -PDU- that converts natural gas into various petroleum based products like jet fuel and diesel gasoline. The completion of the PDU means a reduction in expenses. Combine reduced expenses with record fertilizer sales revenue, coming from greater demand for corn that is used in the production of ethanol based fuels, could translate to a positive earnings per share. Management needs a homerun if they want to justify year-end bonuses; there’s an incentive for them to be aggressive. Shareholders are less likely to be pissed off when they hear about seven figure total compensation packages when the stock is trading at $3.15 versus .50 cents a share. Again, management has a strong incentive to move this stock and all stock options are currently underwater.
Press releases for Rentech's fertilizer segment could focus on:
* Record fertilizer sales revenue growth for fiscal year 2008
* Very favorable EBITDA guidance for 2009
* Favorable asset valuation discussion of their fertilizer plant
As reported at Mutual Fund Facts About Individual Stocks -MFFAIS- the overall number of institutional owners has recently increased 20 percent from 81 to its current level of 97. This is very positive.
Institutions adding to an already existing position include:
Goldman Sachs added 825,221 shares
Vanguard Group added 5,662,885 shares
Barclays Global Investors added 1,918,971 shares
Credit Suisse added shares
Putnam added shares
Oppenheimer added shares
Northern Trust added shares
Bank of New York Mellon added shares
Bank of America added shares
Wells Fargo added shares
There’s a large short position, I believe 8-9 million shares and it’s probably a safe assumption that these sellers are in the money since Rentech is currently near 52-week lows. If Rentech’s stock price does move quickly, press releases and an overall market rally, we could see short sellers add to the buying as they lock in profits. This 1-2 combo could move Rentech’s stock price in excess of .40 cents a share.
Because of a crisis in confidence the major indices, DJIA and S&P 500, have seen a record setting retreat in the last 30 days, especially in the last 7, and the market is due for a 1,200-point rally. This alone could move Rentech’s stock price .30 cents a share.
Posted by guest , Nov 28, 2008 11:02AM
Has anyone ever heard that Dave Matthew's Band song called - SATELLITE?
Just curious
Posted by guest , Nov 28, 2008 11:05AM
RTK ? we've become a yahoo $.01-stock board - lol
Posted by guest , Nov 28, 2008 11:08AM
TGFD is like the Wayne Gretzky of American Sex
Posted by guest , Nov 28, 2008 11:19AM
@126...terrible. Bess should find them and throw them off a building.
Posted by Phobos , Nov 28, 2008 11:19AM
Announcement: China Interweb Is Teh Future. Important Shiz to Follow.
Company: CXTI
In 1994 Al Gore invented the interzone, and after much money and inter-war the survivors of the daz bubble lay in wait to strike.
China will own the Interweb. CXTI will own your mom. YOU WILL BOW BEFORE MY PENNY STOCK.
K PLZ THX.
Posted by Investorcluzo , Nov 28, 2008 11:42AM
@phobos - don't encourage 124, I'm not sure he/she sees the sarcasm in your post.
Posted by guest , Nov 28, 2008 11:48AM
@#127...
If you're a chick, tell TGFD more, but if you're a gayish dude, TGFD has heard enough already; however, complements are always appreciated.
@#126,#128...
Maybe Bess will remove #124 when she sees it. That one is too much even for TGFD.
The Guy from Delaware
Posted by guest , Nov 28, 2008 11:55AM
@31/tgfd - judging from your spelling of compliments you haven't been getting many lately...
Posted by Phobos , Nov 28, 2008 11:55AM
@cluzo
Yeah, I doubt he/she does. I don't know how these f@cktards find their way on here.
Posted by guest , Nov 28, 2008 12:00PM
What to say about shamwow?
Fuhgedabouddit.
Have you ever seen those black T-shirts, the ones with the "Harley Davidson" logo on the front, and the admonition, "If I have to explain, you wouldn't understand" on the back?
That's how it is with shamwow.
In fact, the Hells Angels tried to adopt shamwow as their own, but the BSD's on Wall Street, from whom Satan himself takes his orders, intervened. There was a big party in the Hamptons, liberally supplied with the sort of things Hell Angels like to find at parties, and they were appeased; literally eating out of the hands of the Investment Banking elite.
And so, shamwow was saved to live another day.
Posted by guest , Nov 28, 2008 12:01PM
@ 122
Hope you didn't go the that Walmart where the crowd trampled some poor clerk to death.
Serious Question for all:
Effect of Mumbai on next weeks trade?
It appears that some of the Terrorists were brits (pakistain brits).
The terrorists killes U.S., Brits, Isrealis Canadians, Auzzie ect.
Isrealis already landed a "resucue assistance team" (i think that is now code for mossad) last night.
What is any effect could this have on market next week?
Posted by guest , Nov 28, 2008 12:02PM
what ever happened to Carney?
Posted by guest , Nov 28, 2008 12:03PM
@ 135
for the luvofgawd, can you please enroll at Zoni? The "Conversational English" classes are free.
Posted by guest , Nov 28, 2008 12:10PM
Wal-Mart worker dies in Black Friday stampede: reports
By Sue Chang
Last update: 11:47 a.m. EST Nov. 28, 2008Comments: 15
SAN FRANCISCO (MarketWatch) -- A Wal-Mart (WMT:Wal-Mart Stores, Inc
News, chart, profile, more
Last: 55.81-0.88-1.55%
11:49am 11/28/2008
Delayed quote dataAdd to portfolio
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WMT 55.81, -0.88, -1.5%) worker at its Long Island store has died after being trampled by a throng of unruly shoppers looking for Black Friday bargains, according to media reports Friday. At least three other people were injured in the incident, the reports said. The exact cause of death was not known yet. Black Friday takes its name from the profits retailers hope to rack up at the start of the holiday shopping season.
Posted by guest , Nov 28, 2008 12:21PM
@#132...
Haha. Good point. ComplIments for TGFD have been scarce on DB; you're right about that. Elsewhere, they've been a bit more plentiful, especially from the chicks.
@#135...
I too would like to get some insight on a Mumbai effect. One would think that the effect would be negative, but TGFD is no financial genius. I admit that.
The Guy from Delaware
Posted by guest , Nov 28, 2008 12:22PM
125, you have some innuendo for us, or just fishing?
-retail brothers
Posted by Anal_yst , Nov 28, 2008 12:25PM
@101
That comment wasn't funny or witty the 1st 3 times you posted it, nor, frankly, is it any of your business.
Anyone have tales from the front lines re: retail situation today?
Posted by guest , Nov 28, 2008 1:02PM
RTK has potential but this flaccid gyration below $1 for however long its duration, is interpretively worthless. Buy here, cry here, until we cross a dollar, I consider the form meaningless. The other side of a dollar is what I am looking for. Very little else is of significant consequence visually or constitutionally until then.
And it is as ever the look and trend of particular indicators, obvious, stark, contrasting, positive representations of changes in opinion, obvious distinctions and reversals, verses the reek and stain of this enduring bottom.
The threshold is worn from the passing of so much potential, but still in a threshold's place.
travisnye
Posted by guest , Nov 28, 2008 1:07PM
You may lauf now 129 and 130 but he who laufs last laufs the most. This is a quaint time of year. We hearken back to an image of yore when harvests and thanks came along side contrasts to misty memories with things that were less fanciful.
Any details would not take away from the sweet flavor of yams or the comfortable rest after dinner.
But as those days passed so these days will.
Just as days of yore become the days of yore, they keep possession of their methods and technologies.
The wagon becomes the automobile. The whipped cream becomes the Cool Whip.
The use of coal will find its way along to a safer crossing. It will again be welcome at our feast in its new fashion.
travisnye
Posted by Anal_yst , Nov 28, 2008 1:13PM
@142/143
WTF?
Posted by guest , Nov 28, 2008 1:13PM
http://outbird.com/sossaht?e=5ngprC3a.NjrSzz9UzC&m=1378542&l=3
Posted by Phobos , Nov 28, 2008 1:17PM
@Anal_yst
I was wicked hungover -- not the best "family" scene by any means.
Posted by Anal_yst , Nov 28, 2008 2:06PM
@ Phobos
I'm still recovering, not having fun @ the office today by any stretch
Posted by guest , Nov 28, 2008 2:50PM
@145
thanks you just ruined everything for me. All the mystery is gone.
On the other hand, you know obsessed bikers are with polishing their chrome.
Posted by Phobos , Nov 28, 2008 3:29PM
@Anal_yst
So am I, and neither am I.