Tuesday, November 20, 2012

Meg Whitman blows HP's money

Meg Whitman spent $144 million of her own money running for Governor of California, before losing to Jerry Brown. Look how she looks when she thinks she's going to be Governor.

Before voting for herself for Governor, she hadn't voted in 28 years.

She also was on Mitt's finance team in 2008.

So she left politics to run Hewlett Packard, in September of 2011, after being on Hewlett's board since January of 2011.

The acquisition of Autonomy, closed on October 3, 2011, for $10.2 billion.

When HPQ announced the acquisition of Autonomy, the market reacted by chopping $12 billion of shareholder value instantly from HPQ.

Apparently no one at HPQ understood what that meant.

Today HPQ took a charge of $8.8 billion for the Autonomy acquisition.

So Meg, in 14 months, at the helm of Hewlett Packard, took an $8.8 billion charge on a failed acquisition  and was CEO while HPQ, lost over $30 billion of shareholder money!

In 14 months.

And she wanted to run California????

It still looks that the only beat Meg can do for HPQ, is on her headphones, as she blames her predecessors for the mistakes!

(You know what that means? Her next run is for President!)

The only winner on HPQ?

Jim Chanos.

Monday, November 19, 2012

BO and the PM of Thailand seem to be getting along!

 And the market also gets infatuated with AAPL today as it adds 30 points--which is "As Advertised."

Now once again, bears, tell me why you sold AAPL under $530?

Because you were stupid?

But to commemorate THE END of the pullback in stocks, I decided to pick up some "Bear Artwork" titled "Bear Market" or "Too big to fail."

I always liked irony.

He's an artist in DC, and like Blum buying Warhol, Campell Soup art for $1,000 in 1962--you can pick some of Matt Sesow's art for the same price!

Because artwork, like stock needs to be bought when they are giving it away!

And speaking of giving it away--I picked up some Deckers (DECK 33) at 31--just so the shorts can say "Uggghhh!" like the morons who sold AAPL under 537, or those who sold ANF at 31, or LVS at 37 etc etc...

The Market Selloff is OVER!!!

Friday, November 9, 2012

Buy AAPL at 537 with both hands!!!

Apple has now corrected enough to buy. And I can tell you to buy it here, since I was touting Apple in the high 80s in January of 2009.  Yesterday, Cramer was on television telling you to sell it, because the fate of AAPL rests in the politicians hands, because the tax rate on capital gains is determining the fate of AAPL.

Well, if you believe that, you deserve to lose. Apple's value is not determined by a pundit on television, and AAPL has now corrected to a price that you can sell at the money puts and collect the premium from the Chicken Littles who are afraid of their own shadow.

Oh My--The sky is falling! Not! Unless of course, you follow these pundits predictions!

Because selling AAPL at these prices is just stupid!

Wednesday, November 7, 2012

Four more years

Four more years.