I just remembered that last year I made a few bucks shorting an Einhorn long position. Today I made a few bucks selling puts on an Einhorn short, JOE for a 39% gain.
Einhorn’s take down of the St. Joe Company at yesterday’s Value Investors Congress was brutal. Market Folly has the audio of Einhorn’s [...]
According to an article today by Finbarr Flynn of Bloomberg (“Ireland to Take Majority Ownership of AIB in Bailout”), the Irish government could end up with 90% of AIB:
“The big surprise is the increased capital number for Allied Irish,” said Sebastian Orsi, an analyst with Merrion Capital, the Dublin-based securities firm. “The government could [...]
The last time you got your ass kicked
The Last Psychiatrist has good taste in TV. Here he blogs about a recent episode of the F/X show Louie, “Bully”. Below is the trailer for the episode. Incidentally, in addition to being a sharp writer, the way TLP breaks up his posts with roman numerals is a [...]
Wine is terroir
I had the pleasure of meeting Arnold Waldstein Tuesday evening at his local watering hole, Terroir. Nice place; don’t let the current iteration of their website throw you off. It was the first time I’d seen a bar have Riesling on tap, but I ended up having some Greek red, the name of [...]
We’ve settled on a prize for this contest: an HP 12C Financial Calculator.
The contest, which ends Wednesday night, is still wide open. Consider taking a moment to post an idea between now and then if you haven’t already. Again, if you’re not registered yet, you can do so in ten seconds by entering a [...]
A few thoughts and links, but first, if you haven’t had a chance to vote for the Portfolio Armor iPhone app in the Thomson Reuters StreetApps Challenge, please take a few seconds to do so here. Thanks a lot.
– Batesian Mimicry Explanation of Business Cycles. Fascinating post by Eric Falkenstein. Worth reading in [...]
In a post Thursday (“Road to Nowhere”), Tim Knight wrote,
With the exception of commissions-based brokers, it’s hard to believe there’s anyone out there who has really enjoyed the stock market over the past few months. I mean, just look at the ES [S&P e-mini futures] below.
Tim Knight still thinks the S&P’s going to decline to [...]