Wall Street Manna

An irreverent look at Wall Street

Friday, June 25, 2010


NEW REGULATORY AUTHORITY: Gives federal regulators new authority to seize and break up large troubled financial firms without taxpayer bailouts in cases where the firm's collapse could destabilize the financial system. Sets up a liquidation procedure run by the FDIC. Treasury would supply funds to cover the up-front costs of winding down the failed firm, but the government would have to put a "repayment plan" in place. Regulators would recoup any losses incurred from the wind-down afterwards by assessing fees on financial firms with more than $50 billion in assets.

FINANCIAL STABILITY COUNCIL: Would establish a new, 10-member Financial Stability Oversight Council, comprising existing regulators charged with monitoring and addressing system-wide risks to the nation's financial stability. Among its duties, the council would recommend to the Fed stricter capital, leverage and other rules for large, complex financial firms that are judged to threaten the financial system. In extreme cases, it would have the power to break up financial firms.

VOLCKER RULE: Would curb propriety trading by the largest financial firms, though banks could make de minimus investments in hedge and private-equity funds. Those investments would be limited to 3% or less of a bank's Tier 1 capital. Banks would be prohibited from bailing out a fund in which they are invested.

DERIVATIVES: Would for the first time extend comprehensive regulation to the over-the-counter derivatives market, including the trading of the products and the companies that sell them. Would require many routine derivatives to be traded on exchanges and routed through clearinghouses. Customized swaps could still be traded over-the-counter, but they would have to be reported to central repositories so regulators could get a broader picture of what's going on in the market. Would impose new capital, margin, reporting, record-keeping and business conduct rules on firms that deal in derivatives.

SWAPS SPIN-OFF: Would require banks to spin off only their riskiest derivatives trading operations into affiliates, in a late-night compromise struck to scale back a controversial provision championed by Sen. Blanche Lincoln (D., Ark.). Banks would be able to retain operations for interest-rate swaps, foreign-exchange swaps, and gold and silver swaps among others. Firms would be required to push trading in agriculture, uncleared commodities, most metals, and energy swaps to their affiliates.

CONSUMER AGENCY: Would create a new Consumer Financial Protection Bureau within the Federal Reserve, with rulemaking and some enforcement power over banks and non-banks that offer consumer financial products or services such as credit cards, mortgages and other loans. The new watchdog would have authority to examine and enforce regulations for all mortgage-related businesses; banks and credit unions with assets of more than $10 billion in assets; pay day lenders, check cashers and certain other non-bank financial firms. Auto dealers won a hard-fought exemption from the Bureau's reach.

PRE-EMPTION: Would allow states to impose their own stricter consumer protection laws on national banks. National banks could seek exemption from state laws on a case-by-case, state-by-state basis if a state law "prevents or significantly interferes" with the bank's ability to do business - a higher bar than federal regulators currently must meet to pre-empt state rules. State attorneys-general would have power to enforce certain rules issued by the new consumer financial protection bureau.

FEDERAL RESERVE OVERSIGHT: Would mandate a one-time audit of all of the Fed's emergency lending programs from the financial crisis. The Fed also would disclose, with a two-year lag, details of loans it makes to banks through its discount window as well as open market transactions - activity the Fed currently doesn't disclose. Would eliminate the role of bankers in picking presidents at the Fed's 12 regional banks. Would also limit the Fed's 13(3) emergency lending authority by barring the central bank from using it to aid an individual firm, requiring the Treasury Secretary to approve any lending program and prohibiting the participation of insolvent firms.

OVERSIGHT CHANGES: Would eliminate the Office of Thrift Supervision, but after a fight, the Fed retained oversight of thousands of community banks. Would empower the Fed to supervise the largest, most complex financial companies to ensure that the government understands the risks and complexities of firms that could pose a risk to the broader economy.

BANK CAPITAL STANDARDS: Would set new size- and risk-based capital standards, including a prohibition on large bank holding companies treating trust-preferred securities as Tier 1 capital, a key measure of a bank's strength. Would grandfather trust-preferred securities for banks with less than $15 billion in assets, enabling them to continue treating the securities as Tier 1 capital. Larger banks would have five years to phase-out trust-preferred securities as Tier 1 capital.

BANK FEE: Would mandate the Oversight Council to impose a special assessment on the nation's largest financial firms to raise up to $19 billion to offset the cost of the bill. The fee would apply to financial institutions with more than $50 billion in assets and hedge funds with more than $10 billion in assets, with entities deemed high risk paying more than safer ones. The fee would be collected by the FDIC over five years, with the funds placed in separate fund in the Treasury and would not be usable for any other purpose for 25 years, after which any left-over funds would go to pay down the national debt.

DEPOSIT INSURANCE: Would permanently increase the level of federal deposit insurance for banks, thrifts and credit unions to $250,000, retroactive to January 1, 2008.

MORTGAGES: Would establish new national minimum underwriting standards for home mortgages. Lenders would be required for the first time to ensure that a borrower is able to repay a home loan by verifying the borrower's income, credit history and job status. Would ban payments to brokers for steering borrowers to high-priced loans.

SECURITIZATION: Banks that package loans would, broadly, be required to keep 5% of the credit risk on their balance sheets. Would direct bank regulators to exempt from the rules a class of low-risk mortgages that meet certain minimum standards. Regulators could permit alternative risk-retention arrangements for the commercial mortgage-backed securities market.

CREDIT RATING AGENCIES: Would revamp the credit-rating industry, establishing a new quasi-government entity designed to address conflicts of interest inherent in the credit-rating business after the SEC studies the matter. Would also allow investors to sue credit-rating firms for a "knowing or reckless" failure to conduct a reasonable investigation, a lower liability standard than the firms were lobbying to get. Would establish a new oversight office within the SEC with the ability to fine ratings agencies and empowers the SEC to deregister a firm that gives too many bad ratings over time.

INVESTMENT ADVICE: Would give the SEC the authority to raise standards for broker dealers who give investment advice after the agency studies the issue. Would permit, but not require, the SEC to hold broker dealers to a fiduciary duty similar to the standard to which investment advisers are held.

CORPORATE GOVERNANCE: Would give shareholders of public corporations a non-binding vote on executive pay and "golden parachutes," and would give the SEC the authority to grant shareholders proxy access to nominate directors.

HEDGE FUNDS: Would require hedge funds and private equity funds to register with the SEC as investment advisers and to provide information on trades to help regulators monitor systemic risk.

INSURANCE: Would create a new Federal Insurance Office within the Treasury Department to monitor the insurance industry, recommending to the systemic risk council insurers that should be treated as systemically important. Would require the new office to report to Congress on ways to modernize insurance regulation.


At June 25, 2010 at 7:42 AM , Anonymous Anonymous said...

mgol is delisting. What is going on? Is this company a total scam?

At June 25, 2010 at 7:47 AM , Anonymous Anonymous said...

mgol is delisting. What is going on? Is this company a total scam?

At June 25, 2010 at 9:16 AM , Anonymous Anonymous said...

Are we crashing today, because it sure feels like it?

At June 25, 2010 at 9:38 AM , Anonymous Anonymous said...

palmoni, the correction now is suuuuurely over, right? Riiiight. Buy X and HP, mu-ha-ha-ha

At June 25, 2010 at 10:08 AM , Anonymous Anonymous said...

Hey Palmoni,

It's seems the higher volume the past few weeks on MGOL were those who were aware of the proposed delisting. From the news release the company is considering restructuring as a private company. Do we hold or fold them Palmoni?

At June 25, 2010 at 11:30 AM , Blogger whydibuy said...

MGOL crashing.

Another P tout stock. A 100.00 stock you say??

This last rebound sucker rally had him confusing luck with genius.
There is no genius component here. Just a run of dumb luck.

C'mon guys, give me another lecture about foolish bears like me are.

And lastly, where is that S&P 1440 you touted by June '10?? You're guess was more wrong than the bears claiming 800 by June. Bears were closer.

At June 25, 2010 at 11:57 AM , Anonymous Anonymous said...

Palmoni, any update you can give us on MGOL...you were in FL a few weeks back...did they just screw teh investors?

At June 25, 2010 at 12:28 PM , Blogger whydibuy said...

In fairness, it looks like MGOL mgt is going to cut out the public.

First, kill the public market for the stock.

Then, with little market, grab up 51% control cheap.

After they have control, its easy to be rid of the remaining hardcases. Offer them pennies in a take it or nothing deal. Otherwise, assets get shifted to a private entity for nothing for shareholders.

Welcome to the dark world of screwing the public. Public holders never really have any say in public companies. And can be ripped off in a moments notice.

At June 25, 2010 at 12:32 PM , Anonymous Anonymous said...


Make your call please. What stocks were we to short in anticipation of s&p 800? Im trying to recall your picks. ah yes, you've made none. You merely bitch and complain like a, well, bitch. Your vajayjay doth reek, sir.

At June 25, 2010 at 12:51 PM , Anonymous Anonymous said...

Minatura International LLC owns over 70% of MGOL. The public owns a very tiny amount of the company so them trying to kill the market and stealing the ownership for pennies on the dollar doesn't make sense. I heard there's only 42 investors so the ownership is really tight.

I do not know what their plans are with this announcement, but I've spoken with a few original shareholders and they said don't look at the markets and just relax. I know that doesn't help those who are invested but that's the best I can get at the moment.

At June 25, 2010 at 1:20 PM , Blogger whydibuy said...

No, MGOL mgt will own 100% rather than 70%.

And if they are successful finding gold, they can always have an ipo at a much higher price.

They didn't mention going private in the press release for no reason. Just bringing it up to me says its a done deal. And why go private unless mgt wants all the big early gains for themselves??

No, its screw the current holder with a private deal now and then screw the public again with a higher ipo later when there is real production to tout. This is classic wall street dealing.

At June 25, 2010 at 1:30 PM , Anonymous Anonymous said...

P: Can you give us your take on mgol? Do you still think this company is worth averaging down?
Thanks for sharing your thoughts!

At June 25, 2010 at 1:33 PM , Anonymous Anonymous said...

The stock float is only a few 100k shares. A lot of the original shareholders bought MGOL on the open market so I don't see how they will screw themselves over. But yeah it seems going private is what will happen.

At June 25, 2010 at 5:08 PM , Anonymous Anonymous said...

Who gives a fck about MGOL.

Banks a buy here? Tech a sell here? Materials a buy here? China a sell here? European equities a buy here? US equities a sell here?

Pal - what do u think?

At June 26, 2010 at 9:07 AM , Anonymous Anonymous said...

Hey Palmoni,

Can you please comment on what's happening for the Colombian co.? Are the public shareholders getting wiped out? It doesn't make sense what they are doing after their efforts of trying to inform these shareholders with their new website. Please tell us. If you can't share that information can you at least say if we'll be okay or not? Thanks.

At June 26, 2010 at 11:24 AM , Blogger Settembrini said...

hey pal--how about some names that can actually make money? Like NE, TOT.S.A. MGOL? Who in the hell is MGOL?

At June 28, 2010 at 9:41 AM , Anonymous Anonymous said...

Palmoni, please enlighten us and tout something! We are eagerly awaiting your prognostications about the market and particular stocks like X.

At June 28, 2010 at 9:48 AM , Blogger whydibuy said...

Oh, man.

P must have owned a boatload of MGOL with as much sudden silence as we are seeing. No taunting, no OH My's, no bear pics, nothing.

As I said before, his run of dumb luck ended and has now culminated with a monster bath in MGOL. The way he pumped it, with long winded and lecturing posts, he had to own 40k shares at least.

At June 28, 2010 at 10:39 AM , Anonymous Anonymous said...

What's going on here? Ghostown.

At June 28, 2010 at 10:41 AM , Anonymous Anonymous said...

Well I called up a few shareholders and they said the company will soon be distributing the MGOL shares to the International holders. The company will also be getting the results on their drilling program which possibly explains why they are delisting in order to prepare the company to get on a different exchange. I know the shareholders in the international company do not want to sell shares and MGOL was created as a vehicle to sell a small portion of their ownership to receive income. Only a small percentage of the land held in the international company had been transferred to MGOL.

I'm waiting for a phone call back from some individuals, but this is what I know so far. It does not make sense if they are trying to merge the assets back into the international company since the purpose of MGOL was to allow for some shareholders to sell out while keeping their ownership in the international company. The company already have an estimate on the reserve in the ground so why spend money on proving this out unless it was meant to show to the public and bring a real valuation to the properties from outside shareholders. Remember only the properties in MGOL are being proved out while the company is dead quiet on their other holdings.

If this is true, this will greatly explain why Palmoni is dead silent right now, because there is potentially the buy of a lifetime underway.

At June 28, 2010 at 10:59 AM , Anonymous Anonymous said...

Scam of a lifetime is more like it. If they have something good, there is no need to delist. Just let the stock run.

At June 28, 2010 at 11:24 AM , Anonymous Anonymous said...

Anno- thanks for teh update...so with a "buyer" of a lifetime are all the holders of MGOl wiped out?

At June 28, 2010 at 11:33 AM , Anonymous agent70777 said...

P must have owned a boatload of MGOL


Surely, you meant to say he owned a boatload of "Boatopia" which is what MGOL germinated from on to the stock market.

I mean just exactly how shady was this whole MGOL deal????

I never understood what P was talking about regarding MGOL, and never cared for him to elucidate either.
Now we have anonymous 10:41 AM trying to explain what's happening but excuse me, I don't even get that "explanation".

Total scam.
The real question here and now should be how much has P made or lost with MGOL?

At June 28, 2010 at 11:42 AM , Anonymous Anonymous said...

Never invest in low volume penny stock scams.

At June 28, 2010 at 11:53 AM , Anonymous Anonymous said...

The real question here and now should be how much has P made or lost with MGOL?
who the hell cares?

At June 28, 2010 at 11:57 AM , Anonymous Anonymous said...

i think we would all just wnat to hear from him...it's okay if it's a bust but it would be nice to hear from him

At June 28, 2010 at 11:57 AM , Anonymous Anonymous said...

how many shares did you guys own?

At June 28, 2010 at 11:59 AM , Anonymous Anonymous said...

Who the hell cares????
I'll tell you who the hell should?

The jackasses who visit this blog to get his latest "touts" !!!!
Personally I would really love to know how much he made or took a hit with MGOL, the way he "touted" it as the ultimate tenbagger.

At June 28, 2010 at 12:29 PM , Anonymous Anonymous said...

This blog is dead, but the comments are still moving.

At June 28, 2010 at 12:43 PM , Anonymous Anonymous said...


At June 28, 2010 at 1:03 PM , Anonymous Anonymous said...

Who the hell cares????
I'll tell you who the hell should?

The jackasses who visit this blog to get his latest "touts" !!!!
I think next post will be "MGOL is delisted! Oh my!"
I never noticed any touts about MGOL, i apparently have not reached the level of jackass-ness that is required to know all his "touts"

At June 28, 2010 at 1:27 PM , Blogger whydibuy said...

Hopefully, MGOL mgt at least gives the public bagholders some K-Y jelly to go with that screw over.

And then P should offer it up to any followers of his pump jobs as well.

He's got a history of pumping and then when a tout like APWR starts sinking, to simply ignore it and any requests for info from the sheep followers. He just doesn't know anything about that tout. Kinda a Judas like denial for this religious blogger.

Karma's a bitch. After laughing at and taunting the bears like Roubini and M. Whitney, he gets his up the *ss.

At June 28, 2010 at 1:36 PM , Anonymous Anonymous said...

Speaking up the ass, he may be at the gay parade in san francisco?

At June 28, 2010 at 2:02 PM , Anonymous Anonymous said...

All of you so critical of Palmoni - do you share any your money making ideas with readers? Its easy to bash someone when things are not going we projected. Its harder to project and good ideas that may help others though.

At June 28, 2010 at 2:04 PM , Anonymous Anonymous said...

Palmoni made a call to buy BUCY at $50.39. Did anyone else buy then and made a profit since?

At June 28, 2010 at 2:04 PM , Anonymous Anonymous said...

Yeah but they lost it all on MGOL probably.

At June 28, 2010 at 2:14 PM , Anonymous Anonymous said...

Alright guys I got in touch with some individuals (not going to name them) and what I said earlier about what I think was happening was about right. Those who are in MGOL will be fine and this is simply their process of moving on to the next stage, I'm not going to say what it is but you can connect the dots.

I understand completely why Palmoni hasn't said a word, because quite frankly I wouldn't say anything either if I knew what the company had planned. I shouldn't even be saying anything myself, but for those who got involved this should be able to calm their nerves. This is all I'm going to say.

At June 28, 2010 at 2:18 PM , Anonymous Anonymous said...

Anno- so can you say that we just need to hold/? if wer're fine shouldn't we buy?

At June 28, 2010 at 2:24 PM , Anonymous Anonymous said...


how much did you make on mpg falling up .60 a share since your call that it was headed way down. your no better than anyone else. everytime the market kicks up, you are no where to be seen.

If pali lost on mgol then tough tittie for him. but im gonna guess he has a few more irons in the fire. i follow his blog but never buy into stocks that are so speculative. but if you have the cash for it, i think you have to take risks some times. and if you take risks, sometimes your gonna lose. i would think any trader, bear or bull knows this.

pali was touting this mgol last year. if people dont watch their investments and pay attention to the companies they invest in, then sorry, but thats how people lose money. i know everyone wants to blame pali for losing cash. but in the end, its your own fault, change your pantie liner and move on.

At June 28, 2010 at 2:30 PM , Anonymous Anonymous said...

Anonymous @ 2:14
these are the kind of comments that confirm MGOL is nothing but a scam.
Basically, you're not saying anything.
The company is shady and the way P introduced us to this stock, via intricate puzzles and numerological bullshit, was shady itself...

At June 28, 2010 at 2:37 PM , Anonymous agent70777 said...

The company never planned anything. And it is outrageously ridiculous to be claiming that after something like a 90% price dive from levels when P began touting it last year, that the company management and/or major shareholders "have something planned" and "are moving to the next stage"

After what? After outrageously trying to f$$k the public up the a**????

So the "Company" do that and then on to "world domination"???

I think no matter what you say, Anonymous 2:14, that the price has told us the real story.
MGOL is yet another third world-based alluvial mining scam.

I never purchased a single share because I could never understand P's abstruse reasons for buying this piece of dog crap.

As they say, do your on DD, and all that ...

At June 28, 2010 at 2:47 PM , Blogger whydibuy said...

ANON 2:14 can't be serious.

Posting some unnamed source about some master plan is about as silly as a pump gets.

MGOL is going private. Public holders will get a few pennies if mgt is generous. Mgt controls the co so why make others rich when they can pocket it all themselves??

P is afraid to comment. Damn right. And its not because he has some inside info either. He got a lesson in humility.

At June 28, 2010 at 2:50 PM , Anonymous Anonymous said...

Ano- do you still own AMRR that is now ARR...?

At June 28, 2010 at 2:59 PM , Blogger Settembrini said...

"All of you so critical of Palmoni - do you share any your money making ideas with readers?"

That's a good quote

At June 28, 2010 at 3:00 PM , Blogger whydibuy said...

Hey anon 2:24

Exactly how much did P followers make as mpg went from 3.8 with the initial pump to 3.2 ?? Oh, thats .60 loss.

Just like P, anon picks his points and forgets about the tout levels that are now underwater.

At June 28, 2010 at 3:34 PM , Anonymous Anonymous said...

im talking about your call, not pali's. you called mpg to shitcan, and check it out, its up. nice call, i hope no one had shorted listening to you.

At June 28, 2010 at 5:12 PM , Anonymous Anonymous said...

Well, P has made us money on many of his calls; so what if a few of his calls did not go the way he expected. Happens to everyone...
Remember that he had mentioned that MGOL was a speculative investment! Hope noone got badly burned following the events of the last few days...

At June 28, 2010 at 6:17 PM , Anonymous Anonymous said...

I have made and lost money following P's tips. I am thankful when I made money and blame myself when I lost money. How can I blame Palmoni for my loss? I am responsible for my action not mention and I didn't pay Palmoni for anything to begin with. Some of the comments here are getting ridiculous and rubbing off others the opportunity to hear from Palmoni. I suggest that anyone who couldn't wait to criticize Palmoni must also show us some winning tips.

At June 29, 2010 at 12:00 AM , Anonymous Anonymous said...

I have made and lost money following P's tips. I am thankful when I made money and blame myself when I lost money. How can I blame Palmoni for my loss?
it is not that he makes bad calls, everyone makes them. And it is even possible that he made more good calls than bad ones. But he is still an asshole. If you are right on the market direction there is no need to make fun of others and laugh at the ones who lost money (say bears in this case). Cause than karma shits in your food and you got to eat it. How is it tasting Palmoni, it is nice is not it?

At June 29, 2010 at 1:04 AM , Anonymous Anonymous said...

Don't ever trade penny stocks!

At June 29, 2010 at 9:20 AM , Blogger whydibuy said...

Runs away like a schoolgirl when karma kicks him in the ass.

What?? No OH MY??

No calling Whitney porky pig??

You mean she might be right on the money regarding these banks??

Anybody who read back blurbs from '07 and '08 would show how clueless this guy was about economic events. And if he actually followed his own advise, he would have been busted out more than a few times.

At June 29, 2010 at 9:43 AM , Anonymous Anonymous said...

Market appears to be crashing, taking down just about everything. Oh my!

At June 29, 2010 at 10:04 AM , Anonymous Minatura Management said...

Our company share price is down 25% today.
Don't worry. We, owners of Minatura Gold previously known as Boatopia Limited, have a plan to grow the share price 10000 to 100 thousand percent.
We cannot share with you beloved shareholders the details, as one of our agents, oops, marketeers, told you yesterday.
FYI Palmoni is safe and sound asleep at the 5 star hotel we have built for special shareholders that overlooks our beast of a gold mine in the Colombian jungle.
No, the markets are not crashing. Just our company share price. That is where the true crash is and has been since the end of last week.
We know what we are doing!

At June 29, 2010 at 10:05 AM , Anonymous Minatura Management said...

I forgot to add:


At June 29, 2010 at 10:16 AM , Blogger whydibuy said...

He harangued El Erian over his sugar high economy.

Well, it sure looks like the gov sweetened economy bump is crashing back to reality.

No credit growth = no economic growth. Its that simple. Someone, either the gov or the people have to be going deep into debt to keep the eco expanding.

Mr clueless P had no understanding of reality. And as Sam Zell said this morning, cos have big cash these days not because things are great but because they see no growth and are not spending on cap improvements.

At June 29, 2010 at 1:52 PM , Anonymous Anonymous said...


Are you talking to yourself? You're a fucking dork. This comment will bother you b/c you know i'm right. Anyone else that reads your drivel will agree. I'm guessing you're about 35 years old, been trading 5-6 months, love video games, jerk off plenty, hate it when your mom yells at you from up stairs, NEVER, NEVER been laid. but man you sure do hustle this blog. so cool. yes its me, and i still dont give a fuck about spelling. make your call on a stock, assfuck

At June 29, 2010 at 2:33 PM , Anonymous Anonymous said...

Jesus....... someone sounds very bitter.
Very fucking bitter.
and it's definitely not whydibuy.....

At June 29, 2010 at 2:42 PM , Blogger whydibuy said...

Sounds right, anon 2:33.

Looks like anon 1:52 lost his ass following P's pumps who has now abandoned him.
First his butt buddy leaves him and then P. This poster exhibits such girlish emotional hysteria that it must be a she man. Life is bad these days for anon 1:52.

At June 29, 2010 at 2:54 PM , Anonymous Anonymous said...

bitter? I'm not the one commenting with a known handle and then repsonding to myself with anon. I traded MPG off P advice and made a killing once, twice, three times. I dont get why you come here over and over to comment. So P is an assclown, great, you've siad that. now get lost.

what really happened? Whydibuy has been burned so badly that he feels the need to come back again and again. nothing else makes sense. blogs i dont like, i dont visit, unles there is an emotional connection. YOU HAVE NEVER MADE A CALL. YOU JUST RUN YOUR MOUTH OVER AND OVER AND NOW APPARENTLY COMMENT TO YOURSELF. cough fag cough cough

At June 29, 2010 at 2:57 PM , Anonymous Anonymous said...

yeah whydidbuy, anon 1:52 did call you out.

you havent ever made a call. why is that? are you scared?

At June 29, 2010 at 2:58 PM , Anonymous Anonymous said...

yeah let see your call. you always point out Ps mistakes. give us a call of yours.

At June 29, 2010 at 3:00 PM , Anonymous Anonymous said...

oh whydibuy,

shre some of that sunshine wiht us. We have ben abandoned by the great P. We need a new leader. you are chosen. If you had only made one call, maybe we could follow you. woe is me

At June 29, 2010 at 3:03 PM , Anonymous Anonymous said...

i like whydibuy. he keeps P in check. Every group needs that. You know, somebody to point out everybody else's mistakes.

and its fun to treat somebody like a bitch. thx for being that guy whydibuy. anon, leave him alone.

At June 29, 2010 at 3:24 PM , Blogger whydibuy said...

Wheres Waldo, er, I mean Palmoni.

Did he quit, retire, buy some hollow points, what??

He can't taunt and call Whitney Porky Pig, I guess he just can't handle the reality that she was/is right.

I'm getting the impression that some of these anon posts might be him hiding. Afraid to use his own handle like me he goes incognito.

At June 29, 2010 at 3:25 PM , Anonymous agent70777 said...

I don't know about whydibuy being "that bitch" but that anonymous who keeps abusing him is out of line and in my not so humble opinion, the REAL biooooooootch, with likely psychological issues.
Advice to that person: Learn to navigate the markets without someone to "lead" you, for the love of ...

At June 29, 2010 at 3:28 PM , Anonymous agent70777 said...

One more thing, anyone who bothered to peruse the older posts of this blog, prior to the much "as advertised" March 666 bottom last year... They'll learn that Palmoni from the birth of the credit crisis in summer 2007 made SO many outrageously wrong and loser calls. I'm talking some medium and long term calls.
He's a permabull. Enough said.

At June 29, 2010 at 3:29 PM , Anonymous Anonymous said...

this is that anon. i actually work a real desk. my market closes at 230. P would get respect on the floor. whydibuy would be ridiculed. doing analysis and coming with a bunch of research isnt trading. making calls and acting on them is. whydibuy is a coulda, shoulda, woulda fucking bitch. anon is not P.

At June 29, 2010 at 3:50 PM , Blogger whydibuy said...

Anon 3:29 Bullshit!
You don't work any desk other than in your mammas basement.

Anon 3:28 gets it. P is nothing more than an Abbey J. Cohen permabull with a attitude that anyone pointing out flaws in stocks is ( insert rude name here ).
He doesn't deserve any accolades for making dozens of bull calls back to '07 which turned out to be disastrous to idiot followers.
He used the same forget the bad calls technique all so called pundits use. Yeah, he called 666, but he made lots of calls of a bottom all the way down too.

I'll call a bottom everyday and eventually I'll be right and tout how I called it.

At June 29, 2010 at 3:55 PM , Anonymous Anonymous said...

make your call pussy.

At June 29, 2010 at 3:59 PM , Anonymous Anonymous said...

OH MY!!!!
OH MY!!!!!!!!!!!!
anon 9:16 AM third comment:
Yes we are crashing. It sure feels like it!

OH MY!!!!!!!!!!!!!

At June 29, 2010 at 4:00 PM , Anonymous Anonymous said...


i am not sure if that guy really works a desk or not. But one thing i'm sure of, is if you made a call, he might shut up. See I think he is rude and probably lying about trading, but he does make a great point: you have never made a call and that makes you worst of all.

At June 29, 2010 at 4:06 PM , Anonymous agent70777 said...

anonymous 4 pm

You just don't get it, do you???
What are you, a goddamm newbie?
A lot of us Palmoni followers are sick of Palmoni talking about what he pumped and advertised and touted. While he runs and hides when shit blows up in his face (MGOL) or simply chooses to ignore everyone who brings up stocks that failed to do what he thought they might do.

Ok, you want people to just make a call?
Go buy GRGR.PK.
Now fuck off.

At June 29, 2010 at 4:13 PM , Blogger whydibuy said...

Sorry, I've made many calls that got P's panties in a bunch.

I said HUSA was a scam back around 14 in Nov. I got a lecture post in rebuttle. P knew nothing more than the co line about so called big reserves. His so called research omitted the fact SK Energy had given away 50% interest in this alleged great field for a few mil.
HUSA is under 10 and now Mark Cuban has a significant short position in that pump. I'll follow Cuban over P anyday.

Along with highlighting MPG founder R, Maguires stock sales I said GKK was a cesspool of cdo's and bad real estate. It was around 3

I got another lecture post about how Tepper has a position in both MPG and GKK and he is a genius. I pointed out, someone has to be the bottom tick buyer in some stocks and for the moment, Tepper gets to be the genius of the moment.

GKK is 1 and change now. And MPG is not walking away scot free from properties. They lose significant cash equity they had payed out to aquire those properties.

Ps research is about as good as my dogs.

At June 29, 2010 at 5:37 PM , Anonymous Anonymous said...

Palmoni, could you please reply to shut everyone up?

At June 29, 2010 at 5:56 PM , Anonymous Anonymous said...

This is his mother. P should be back in the country by tomorrow.

At June 29, 2010 at 6:09 PM , Anonymous Anonymous said...

agent 007,

i am anon 4pm. i sit on a desk fuck face. i was a newbie 12 years ago. thx for your call. i wont mock it nor trade it. I dont need a guide, but i also dont want to hear shitbagwhythefuckdidibuy making fun of P. P has pissed me off plenty. nobody likes cocky, but they hate 20/20 hindsight know it alls. if you defend whydibuy, then you encourage his douchbaggery.

i come here to pass the time. if you traded for real, you would know how boring it is and why i troll the same 50 website all day.

whydidbuy, telling what wrong with Pal's trades isnt making a call.

this has attracted the rags now.

whydidibuy should start his own blog, and fuck off. i think he already might have. i think P mocked his why's blog and that the thorn up his ass.

At June 29, 2010 at 6:12 PM , Anonymous Anonymous said...

why did i buy = denninger. me thinks

At June 29, 2010 at 6:32 PM , Anonymous agent70777 said...


Yeah I trade for real, homo.
But I don't troll 50 websites. More like 10 at most.
I found this blog interesting for many reasons, but mainly because I love to see newbies make the same mistakes I made during the Jurassic Era when I "followed" gurus.

As for my call GRGR.PK. It's a sad joke meant to echo the bullshit P spewed regarding MGOL, it's scam pink sheet cousin.

I'm pretty sure P's gonna resurface from that Colombian jungle soon and blog again. Mission accomplished for him, I suppose. Nice, very nice, pump job!

But we love him anyway. I never touched his fundamental plays like MGOL because I'm happy raking in coin using my own methods.

Good luck to you, douchebag!

At June 29, 2010 at 6:38 PM , Anonymous Anonymous said...

awesome, so the support for whydibuy comes from where? you trade for real? for your living? not retired, not a side a job, etc. so you know how a position has to be a managed? how easy it is for at any time an outsider to say "i told you so". how many times have you bought in and had something rocket to the sky? rarely, it has to be managed usually. every single trade you make is based on great fundamental analysis? or you recognize that it often doesnt matter? that your gut really is a good indicator? THEN WHY DO YOU TOLERATE WHYDIBUY? i am confused.

At June 29, 2010 at 11:35 PM , Anonymous Anonymous said...

guys, guys, take it easy! i know where P is and what is he doing. He s*cks dick at the moment and wil start posting soon.

At June 30, 2010 at 1:17 AM , Anonymous Anonymous said...

Manna Banana?

At June 30, 2010 at 3:35 AM , Blogger Palmoni said...

at least whydidibuy was right on MGOL...and he was right on ownership....so i'll give him his dues..a huge attempt to try and screw public shareholders...we'll see how that plays out...either merge assets from private company (MINTL) into public shell or merge public shell into private company--so stop becoming a reporting company and the stock tanks--and now the public company has "no value" even though the geological work was good on the properties?

and then underline that you may become a private company?

and if the value of the properties aren't valued correctly by the marketplace--then f em...value them completely ridiculously and then screw the public shareholders over completely..

back on board tomorrow or thursday

Sent from my iPhone

At June 30, 2010 at 7:49 AM , Anonymous Anonymous said...

Hooray, the force is back!

At June 30, 2010 at 8:21 AM , Anonymous Anonymous said...

So Palmoni, do you think we've bottomed or much more pain to come?

At June 30, 2010 at 9:30 AM , Anonymous Anonymous said...

so Palmoni, Palmoni, Palmoni, is the correction over? It has to be over right? You said it already days ago. But is it? Is it?

At June 30, 2010 at 11:18 AM , Anonymous Anonymous said...

Hey Palmoni,

So we are going to the Toronto stock exchange, ahh never liked those Canadians but I'll take it over the penny stock exchange lol!

At June 30, 2010 at 11:32 AM , Anonymous Anonymous said...

Aron @ 9:30am and all others alike - could we be more constructive to focus on sharing valuable investment ideas here? This kind of endlessly ridicule seems rather childish to me and does not help anyone at all. When I disagreed with the blog owner over some of his comments, I made posts to let him know that and move on.

At June 30, 2010 at 11:33 AM , Anonymous Anonymous said...

Can't help it. They lost money on MGOL and now they have all the time in the world to complain.

At June 30, 2010 at 12:09 PM , Anonymous Anonymous said...

anyone know why CCME is down to $9?

At June 30, 2010 at 4:07 PM , Blogger whydibuy said...

Well, don't expect P to comment on CCME.

Once a tout of his starts sinking, he ignores it and any requests for advice.

You should know that by now.
As well as CCME, I'm sure MGM will be on the ignore list. Yes, that 21.00 target stock now at 9 and change is officially persona non grata. P said he bought it back at 13 but now I'm sure he'll tell us he sold out much higher without informing his dumb followers. After all, its a trading market. Especially if you tout something to readers so you can dump it.

At June 30, 2010 at 7:21 PM , Blogger Palmoni said...

whydidibuy--if you really think you have something constructive to say, then I'll post it--unless of course, you just need a place to rant..the good thing about the internet--at least how I see it--is that it is free--and you let everyone have a voice...

but it seems that somehow you just want to clog up the airwves--so if you really want to say something--put a good constructive post out--on where the market is going--why Rosie Roubini and Whitney are right--put some meat on your posts--and show us what you have--

I'll post it--and then, we'll see where things are later--

and MGOL--myself I picked up some the other day at .33 at this point I've lost so much that it doesn't matter, so I might as well go in for some more--the biggest risk on the stock was if they wouldn't merge the MINTL into the public shareholders so we will see----

but really, if you can't contribute anything substantial, why don't you go somewhere else to troll

I really don't what to have to delete your posts and your anonymous posts talking to yourself, because I believe in internet freedom and an open discussion..

so maybe try and elevate your discussion a bit??

At July 5, 2010 at 11:30 AM , Anonymous Anonymous said...

so maybe try and elevate your discussion a bit??
palmoni, like you were trying to elevate your discussions making fun of bears you old fart. Hows shit tastes in your mouth?

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