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Posted
You want donuts...

"Krispy Kreme Doughnuts Inc. (NYSE: KKD) 9.99% LOWER; the latest filing in a shareholder lawsuit against the firm charges that they routinely padded sales by doubling shipments to wholesale customers at the end of fiscal quarters. In addition, KKD announced the decision to restate financial statements."

 

are cops wholesale customers - hahahhaah

 

 

If the Fraternal Order Of Police calls for a boycott by its members, KKD will be DOA.

 

Go long Dunkin Doughnuts! "TIME TO MAKE THE DOUGHNUTS!"

 

Sweetening sales numbers by stuffing the channel resulted in more dough being salted away by insiders. Considering how many times CNBS featured the CEO of KKD, both in studio and on live remote (in return for a few boxes of doughnuts for the crew) makes them co-conspirators in the pump and dump scheme. The Shill Network lives up to it's name, once again!

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Posted

Just like the Boston Market mania.

 

At least KKD has a viable product, overpriced though it may be. They may have erred in making it so readily available at other outlets, which has devalued the "uniqueness" factor (and freshness factor) when people have to buy it at KKD stores. By the time I get a room-temp KKD, you can taste the fat. Not that there's anything wrong with that.

 

I wonder how long till they'll have to cut prices?

Posted
Enjoy the rich parallels to 1999/2000. The Fed started hiking rates in mid-1999. After about the 4th or 5th hike in early 2000, the market started to suffer. But the Fed whacked it with another hike in May 2000 ... and held rates there until Jan. 2001.

 

And they're about to DO IT ALL OVER AGAIN. The Fed Funds futures predict that the Funds rate will reach 3.00% in the spring ... that's THREE MORE QUARTER-POINT HIKES.

 

What it will amount to, is a 200% increase in less than year ... the fastest rate of rise EVER, expressed in those terms.

 

The yield curve -- basically the subsidy for Banksters and HedgeHogs -- has been catastrophically compressed. No more free lunch!

 

Unfortunately, there is no painless way out. History shows that the Fed will hike until the sound of shattering glass is heard ... then rush to the fatal accident scene with sirens blaring and lights flashing, offering emergency rate cut medicine ... after it's too late.

 

Al Leeson for coroner!

 

 

 

 

MH  :ph34r:  :ph34r: Mr. Market was a pillar of our community.

==== But he suffered terribly from bipolar illness. Maybe it was a blessing in disguise.  :mellow:

 

Magnificent! "Al Leeson for coroner" :lol: :lol: :lol:

Posted
The funny thing is that in a blind taste test here, the testers all picked the cheapest doughnut, from a gigantic local bakery that supplies the major grocery stores.

 

I finally broke down and tried one. They're good, but not 75 cents good. And I do like the local bakery ones better. Except that I can't get 'em any more -- replaced by KKD at the grocery store.

 

Here's how the scam worked...

 

At the end of the month, KKD would double or triple ship to grocery stores around the country. Grocers, overstocked with doughnuts, would return ship the stale doughnuts at the beginning of the new month. KKD booked the shipped doughnuts as Sales, but failed to book the returns in the following month. Do this one month, and you need to keep doing it in order to keep your (apparent) sales growth rising in order to push that stock price ever higher.

 

When Semi-conductor companies stuff the channel in this way, at least they get back a product that can be sold in the future at some price. In this absurd example, KKD had the extra cost of manufacturing, packaging and shipping too many doughnuts...round trip, and disposing of the returned doughnuts...all of which was apparently more lucrative to the executives (in the form of stock options) than simply running a successful company with a great brand name.

 

These guys are going to prison. Greedy idiots.

Posted

Another horrible part of that: why didn't the jerks just donate the left-overs to food shelves and homeless shelters? There's an organization called Second Harvest for exactly that purpose -- so that the donors don't have any insurance risk if someone gets sick on their product. Think of the hungry people who could have had a treat at no cost to those greedy S.O.B.s.

Posted

Talking about the devious and scheming Fed and other central banksters, a couple of months ago MH and others were talking about Peter Warburtons book "Debt and Delusion."

I've managed to find a couple of new copies through a friend in the book business. I am keeping one for myself (I've started reading through it, and can see why it is a cult classic).

Any stoolie wants to buy the extra copies I have, feel free to email me.

 

 

Enjoy the rich parallels to 1999/2000. The Fed started hiking rates in mid-1999. After about the 4th or 5th hike in early 2000, the market started to suffer. But the Fed whacked it with another hike in May 2000 ... and held rates there until Jan. 2001.

 

And they're about to DO IT ALL OVER AGAIN. The Fed Funds futures predict that the Funds rate will reach 3.00% in the spring ... that's THREE MORE QUARTER-POINT HIKES.

 

What it will amount to, is a 200% increase in less than year ... the fastest rate of rise EVER, expressed in those terms.

 

The yield curve -- basically the subsidy for Banksters and HedgeHogs -- has been catastrophically compressed. No more free lunch!

 

Unfortunately, there is no painless way out. History shows that the Fed will hike until the sound of shattering glass is heard ... then rush to the fatal accident scene with sirens blaring and lights flashing, offering emergency rate cut medicine ... after it's too late.

 

Al Leeson for coroner!

 

 

MH  :ph34r:  :ph34r: Mr. Market was a pillar of our community.

==== But he suffered terribly from bipolar illness. Maybe it was a blessing in disguise.  :mellow:

Posted

I can't imagine a more dangerous financial terrorist than Mr Magoo. The pontification out of the Fed Soviet today was the real reason we began to see good fear sell this thing down, otherwise we would have drifted at much higher levels.

 

However imo, as stated on the day board, the Market will bounce tommorrow. Taylortrader.com trusty indicator has us in a tight 24hour time window for a good bounce, dead cat or whatever, who cares? Remember when that incompetent made his irrational exuberance comment in 96'? The Market sold down an hysterical 40 points to 1300. The next day it rallied 29 points then a few days later it bounced from a higher low and took off. There is no way that I will ever predict out a few months or a year where in the world this thing is headed. Why bother? I can't manage prediction most of the time for next day's action. I still beleive however that we have a 5th wave in this bull cycle and until that plays out its anybodies guess.

 

These two days feel like an intense shakedown with lots of profit taking and great shorting opportunities based in the trick of selling all winners in the new year. Unfortunately I concentrated instead on buying the losers from 04'. there is always, always a wrinkle that will always without fail create missed golden opportunity. There are thousands of permutations to this game that remain unknown to me but are commonplace to others. This remains the single most frustrating thing about trading. The learning curve is extremely steep and cluttered with all manner of tricks,trends and games.

 

Lets hope for a rough and scary open, then comes the spike. Who knows? buddha

Posted

Did you see the Thomson Financial underwriting report for 2004?

 

http://www.thomson.com/financial/investban...rchive_debt.jsp

December 31, 2004

Global debt and equity underwriting reached a new record of $5.69 trillion during 2004. Global debt underwriting grew 4.3% year-over-year to $5.19 trillion. Asset-backed securities increasing by 41.7%.

 

Equity got back on track with a 29.9% increase over the $389bn raised in 2003. IPO's increased nearly 220%.

 

I made a neat little overview at Wikipedia:

http://en.wikipedia.org/wiki/Debt_levels_and_flows

Posted

Thanks for filling in, Hiding Bear.........

 

Still hanging with shorts on CSCO and INTC.

 

McClellen Osc. is at -50, and we've had two 70% down days in a row.

 

Volume was huge today, confirming the break, so all bounces from now on are to be sold..........

 

Banks, brokers, and homebuilders finally cracked, also confirming the the move to the downside..............

 

Waiting for a couple days worth of weak bounces to sell into..........

Posted

First trading day of New Year provided:

 

1. sharp opening rally in stocks for the big boyz to get short -- I'm with them, shorting RIMM, SHOP, Dow and S&Pee futures, MSO, FNM, etc. -- and will keep adding all the way down to the fair value price, short more at the undervalued price, short more at the ridiculously undervalued price, short more at the insane price, then cover only in the deepest darkest moments of head-shaking hand-wringing ledge-jumping despair, below book value, below cash value, because trends respect no price levels, and the trend is now down in stocks, time to sell 'N' hold, switched IRA back to RYVNX on close Monday

 

2. sharp shakeout in gold for the big boyz to get long -- now seriously, which is more scary from 430, to be long and risk a sudden $75 drop, or to be short and risk a sudden $75 spike up (or two)? :ph34r:

Posted

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Posted

cool, Google now inserts ads right in the middle of posts

 

I gave it very careful consideration, but I decided to Pass on the Pristine Premier Platinum Suite for $750 a month, and instead I'll dollar-cost average into $750 per month of, uhm...PLATINUM

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