I wanted to comment briefly on the whole Goldman Sachs thing. The accusation, if you aren’t familiar, is that Goldman, with the help of or on behalf of John Paulson, created these mortgage CDOs that were basically setup to fail. That would allow John Paulson and Goldman to short the CDOs while at the same (more…)
Got an email from the friendly folks at ycharts.com. I’m sure you all have your favorite chart sites and tools. Most of these sites don’t offer much more than the basics or hide some stuff behind fees. So I almost didn’t look at YCharts. However, their charts are really nice, and they can chart some (more…)
via Crossing WallStreet: For about 18 months, the share prices of Apple (AAPL) and Goldman Sachs (GS) followed each other pretty closely (though Apple has many more shares outstanding). As recently as six months ago, both stocks had the same share price. Today, however, Apple’s stock is worth $85 more than Goldman.
Just got an email from the guys at shareports.com (like “share reports”) about the launch of that site. It looks pretty interesting. You can browse and buy financial reports or … upload reports of your own to sell. Worth a look.
The folks behind the new documentary Stock Shock: The Short Selling of the American Dream asked me to share the trailer with our readers. This would be an interesting movie for any of you who at some point owned shares in Sirius (SIRI) or XM (XMSR) Satalite Radio.
(trailer and more after the fold)
We received an email from Melissa Minkalis of the National Foundation for Credit Counseling (NFCC). They are offering a Free DVD about avoiding foreclosure.
I did not order the DVD or know much more about it. I did quickly verify that the NFCC is a legit organization and doesn’t seem to be simply harvesting contact info, etc.
(more info from the email we received after the fold)
This is a paid review… I haven’t been doing many paid reviews lately, but have a couple extra minutes and could use the $15 (or so?) for InvestorGeeks and this site looks pretty cool anway. Wall Street Survivor is a free fantasy stock market game. You’ve probably seen many of these around. CNBC does a (more…)
Daily Kos is a left-wing political blog, but they have a pretty good writeup of what is happening with these “credit swaps” and AIG, etc. It reminded me of reading about mortgage-backed securities about this time last year, just as the shit was hitting the fan in the mortgage market. Now I’m learning about credit (more…)
At $35, Google Finance puts the Garmin PE at ~8.5. That’s just too low for a company with 25% annual growth.
I made some money riding this stock from about $45 to $80. I kicked myself for not holding it to $120. I bought some up there and was quickly stopped out for a small loss. And now I’m glad I haven’t owned it for a while and have a chance to back up the truck.
Before I do so, I wonder if anyone out there can tell me what I’m missing. Here are some reasons for the low GRMN price I’m reading on message boards and blogs:
On March 23, Mike from UglyChart.com announced that he had “Absolute proof that the Efficient Market Hypothesis is incorrect, that Technical Analysis works, and that I wasted too much time on inspectd.com“.
Here’s a bit of a time line before and since:
March 20, 2008: Inspectd.com is listed in the “links for” post at UglyChart.com.
March 21, 2008: TechCrunch posts an article about a new “Time Waster” called Inspectd.com, and the rest of us notice this site that “has been around for a while”.
March 22, 2008: Ugly posts How to turn $100,000 into $6 Billion+ on inspectd.com, including this video:
[video after the break]