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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Where is no one looking right now? Why is no one talking about something? I am away at my coastal office and I can’t get the yellow metal off my mind. There is something going on and everyone I talk to says “I don’t know how they are doing it. Nobody knows.”

I am starting to smell a huge, massive, uncontrollable bullish move somewhere. Not only that, the volatility is cheap cheap cheap. Why is it cheap? Because nobody is looking at it. When they start to, volatility will expand real quick.

How is gold being held down? Recently, it was at all time highs when viewed against the other major currencies. How is it being held down? More important, how is it being held down against the US dollar? Nobody knows. Nobody knows.

If whatever they are doing to hold it down starts to reverse, you could see the yellow metal double or triple in the matter of a month.

I don’t know how they are holding it down. But they are. And if the manipulation they are engaging in starts to reverse, they’ll be caught red handed.

Caught trying the oldest trick in the book.

Peace

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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