(1). We Love You CC.

(2). Prologis (PLD) was the third biggest loser in October. The next leg lower in that one is coming. Just wait until the 10-Q is filed. That’s when we’ll catch a peek of the cash flow statement.

How do you like that trade? Then spread it around.
We are the one. We are the Crowd.

(3). Great words:

They say “life is a game,” so I play hard
Writin for my life cause I’m scared of a day job
They say “Sef kept the hood together”
I tell the young, “We can’t play the hood forever”
Play my cards right, they say I went to left
They showed me strange love, like I was Mr. F
Played chess in this game of, pawns and knights
Now I claim “King” like Don, or Frank White
They say my life is comparable to Christ’s
The way I sacrificed, and resurrected, twice
They say “The crochet pants and the sweater was wack”

-Common

Peace.

I think I just found another stock that is going to 0. Here we go again. (PLD) isn’t even at zero. Yet. And now, I think I found another one. This one is in an entirely different industry. But it smells like the same old story. Too highly leveraged. After some collaboration and some fundamental research, I may start accumulating puts in this name very very soon. You might find me throwin’ some orders around the pits tomorrow. This one feels like a big big hit.

This stuff has been going on for so long. It was written about very eloquently in the 1600’s.

Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry ‘em down;
Divide the empty nothing into shares,
And set the crowd together by the ears.

-Daniel Defoe

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Prologis (PLD) still rhymes with AIG. They both still share the same path of least resistance. Zero.

Let’s take a look at the 15 minute chart of PLD today. Look at that scripted short squeeze. Kudos to whoever is trying to squeeze this one higher. This gimmickry works….until it doesn’t.

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Now, lets look at the 15 minute chart of PLD from Septembert 19th. Remember, that was the first day of trading after they announced the ever ominous….”We won’t make earnings, but we are raising our dividend.” Back then, we saw the same scripted short squeeze at the end of the day.

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Don’t be swayed by short term market manipulations. This one is a zero. The math cannot lie. The math cannot play cover up.

For more analysis on PLD, especially the truth about their new credit facility, see Richard Woon’s blog, Stripnomics.

Speaking of manipulation, as stated here, there is no Chinese Wall in Investment Banking. The fact that there is an attempt to convince the public otherwise is a public relations gimmick.

Peace

Sometimes a buyer, sometimes a seller

As stated in my bio, Warren understands the intricacies of buying and selling premium.

Warren is the house

Jim Cramer lays out the win win situation of Warren Buffet. Warren is the house, and the house never loses. Truer words hath never been spoken.

Listen to Ken, he has quite a few points on the board

Ken Griffin of Citadel Capital issues a rare note. Video.

I will be away for a few and I may or I may not post sporadically. Be Well.

Peace

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Probe of Lehman collapse escalated: report

This collapse was easy to see and I have written on if extensively in other forums.

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On to other things…I want to tell you about my pal, Ida. Ida is a golfer. She took up golf in her forties. Ida has 11 hole in ones. Quite a large number for a golfer. She is 97. I can hear her now saying….”I’m gonna get one more.”

The other night I finally asked her. How do you do it? How do you get so many?

She says, “oh, you just hit it down the middle, say a few hail marries, and it goes in the hole.”

That rang familiar with what I wrote here. Dream it, see it, do it, repeat.

While I am away, take some time to read one of my all time favorites. Bobby Evans definitely has a place in the volatilist hall of fame. He was optioning movie scripts that didn’t even exist while head of Paramount. He created a derivative market in the movie industry. What an unbelievable story. It also translates well to film. I am looking forward to having lunch with Bobby.

Peace

Bobby Evans