Thursday, November 20, 2014
Friday, November 14, 2014
This sell-off, like everything else on Wall Street, is just another paper sale farce.
When Apple, (now $800) was under $400, you heard the same nonsense--You hear it in Twitter under $40, you heard it two months ago when Whole Foods was $38.
And yesterday, you saw the folly of Wall Street, whereby P&G sold Duracell to Warren Buffett--as cash flow boring business, that the nitwits on Wall Street don't want.
As for me, I'm buying some physical silver , as I have been advertising with spot around $16.
Posted by Palmoni at 1:09 PM
Thursday, November 13, 2014
Since Pelosi can't pull out the race card, she pulled out the age card, as this out of touch House Minority Speaker said-
"I don’t understand why that question should even come up. I’m here as long as my members want me to be here, as long as there’s a reason to be here. I’m not here on a schedule, or anything except a a mission to get a job done. … It just is interesting, as a woman to see how many times that question is asked of a woman, and how many times that question is never asked of Mitch McConnell."
Jeez. Excuses for everything!
Posted by Palmoni at 3:28 PM
Posted by Palmoni at 2:42 PM
This time, Warren Buffett took it. Why not? He swapped Berkshire's 52.8 million shares of P&G for the business. And P& G threw in $1.8 billion of cash!
Wall Street thinks that no-one needs non-rechargeable batteries because of smartphones.
So what does that mean--that Christmas toys won't run on batteries? Which is why Buffett bought Duracell.
When Buffett bought Burlington Northern 5 years ago for $27 billion, Wall Street thought he paid too much. 5 years later, Burlington Northern has already earned back $27 billion.
Now Wall Street will tell you that Burlington was only able to make that much money, because the Keystone Pipeline wasn't approved, and that Nebraska stood in its way, and therefore Burlington profited by shipping oil on rails.
Of course, Wall Street won't tell you that Burlington spent $4 billion lat year on Capex, so they can continue to make their own fortune.
Now it will be the same as Duracell.
It will be a brand that will be around for ever-a perfect company for his portfolio.
And five years later, when it pays for itself, Wall Street will have another excuse!
Posted by Palmoni at 8:22 AM
Wednesday, November 12, 2014
“Reach the largest daily audience in the world by connecting everyone to their world via our information sharing and distribution platform products and be one of the top revenue generating Internet companies in the world.”
How about "Connecting Your World"
Today the stock was under $40, before reversing up.
Wall Street is fed up with the stock, but who cares what Wall Street thinks. I bought more shares at 40.52.
Warren Buffett once said something like this, "Buy a Company that an idiot can run, because eventually someone will." (Heck look at the United States--how it is doing with BO as CEO?)
And that's TWTR today.
Because even an idiot, and Wall Street won't be able to keep this stock down!
Posted by Palmoni at 4:42 PM
Posted by Palmoni at 3:41 PM
Tuesday, November 11, 2014
Sunday, November 9, 2014
So Macaulay Caulkin isn't dead. But that wasn't the story on the Internet last night! Especially for those, that have a Wall Street background and try and profit from the news!
So yesterday, I returned my daughter's Halloween costume to Vintage Diversity. I thought she would look cool as a 60's chick; but she instead dressed up as Arianna Grande. So what do I know, I'm 54, and my 12 year old knows cool.
But eventually, she begrudgingly posed for a couple pictures.
As I said, what do I know.
But while I was at Vintage Diversity, I saw a red velvet smoking jacket. I immediately thought of DeNiro in Casino.
So I had to have it.
That night, we were going out to eat with friends at Frank and Dino's, a real old school Italian place. My only concern about wearing the jacket was, that at the end of the night, looking so DeNiroish the waiter may slip the check in front of me; after all it would be fair, as Chris and Raemali had picked up the check the last couple of times!
But right before I'm leaving to go out I see the news that Macaulay Caulkin had died on the "MSNBC" website.
So dinner would have to wait a few minutes!
I furiously started buying cheap MaCauley Caulkin items on ebay. No auctions--I only bought the "buy it now" items. I went through my PayPal account, and then, each new item was charged onto my credit card hooked up to PayPal. Even my bank thought I was crazy, as they sent a "fraud alert" text to me, that I had to confirm with a text back that I was actually buying these items!
So after purchasing 36 buy it now items--I then got two emails accepting my two best offers on two other items. Then I thought why in the heck are these people selling me these items--don't they realize he's dead?
So I checked the news again. And then I see that this was just another Internet "death hoax" story.
I felt like a HFT algorithm that went haywire in the stock market!
So that night, we had a lot of laughs. No one let me forget that I tried to "corner the market" on Macaulay Caulkin items on ebay, as though I was a Hunt brother.
When I sat down, Chris said, that he would of loved to see my face after I found out that this was just another Internet hoax.
I said that it probably looked like this, as I saw how I looked in this velvet satin cuffed jacket!
I guess the moral of the story is, there's only one person whose death you can profit from!
And to quote Dolly Parton, "As Momma would say, I hope you get a blessin out of it!"
Posted by Palmoni at 1:49 PM
Wednesday, November 5, 2014
But this time, we have a pipeline explosion in Saudi Arabia; helped along by ISIS, or Putin, or whatever "they" will say...
But does it matter? Oil is going higher, it ain't going to 70 as the bond god wants you to believe!
How did he lose his mojo so badly? Look at him in January of last year, and then yesterday.
Didn't he see any of this coming?
And now, after the election the question is, "What happens to him now?"
When is he going to have his Frank Reich moment? Because now he looks like Bills fans after Bubba McDowell's pick 6 in 93.
Obama is now down so low, that if he was a stock, he would be on the pink sheets!
Posted by Palmoni at 8:44 AM
Tuesday, November 4, 2014
Carl Domino (R) is running for Congress in Florida District 18 against (D) Patrick Murphy. Murphy has the support of $6 million of campaign donations, and voted with Pelosi 84% of the time.
Carl is a man of principle, and is one of the greatest and most honorable person you can meet. The below video tells his story.
He's a Florida State graduate, Harvard MBA, and just recently at 67, he got his law degree at Nova South Eastern University and passed the bar.
He was a former State Rep for Florida, and runs his own business.
Here is the link with his debate with Patrick Murphy on WPTV.
And on March 9, 2014 at Temple Beth El in Boca Raton, Patrick Murphy said this
" I support J Street's goals and values...I support a shared Jerusalem as the capital city of both Palestine and Israel. The occupation of Palestinian lands by Israel has to be ended. The oppression against the Palestinian people by Israel must end with the creation of a free and independent Palestine. I stand as a proud member of J Street and its goals."
J Street, after his Father, is the largest contributor to Patrick Murphy's campaign. Murphy is no friend of Israel. So let's hope Carl Domino in Florida District 18 can pull off a big upset today!
Posted by Palmoni at 8:13 AM
They charged Weil with helping 20,000 clients to hide $20 billion from the IRS, and they wanted to lock him up for 5 years.
He was indicted in 2008, fired from UBS in 2009, and lost his company in 2013 after being arrested and being held in Broward's hell hole jail. Now Hollywood will finance his movie deal, because he kept his mouth shut, of which a banker is supposed to do!
Weil's parent company, UBS paid a $780 million fine for money laundering, and the US Government wanted to place the blame on Mr. Weil.
In closing arguments, Weil's attorney said, " This man's life is ruined. Let's not assassinate him further. Our Government has done that enough."
So the jury took 75 minutes to tell the IRS to go home.
And the jury took 75 minutes to tell Obama's Department of Justice to go home.
And 75 minutes later, he is a free man--and he can go home!.
Well its time for me to go and vote!
And throw some people out.
It's your turn to have your own jury trial at the ballot box!
Posted by Palmoni at 6:57 AM
Monday, November 3, 2014
In tech it's simple. GoPro and Apple.
The GoPro Hero in white is always out of stock in Walmart.
And the iPhone 6+--you have to wait for it between 28-35 days.
I know, Camera-on-a-stick and Fanboys, blah , blah, blah, which is really all the shorts can muster for a game plan.
As AAPL and GPRO keep crushing the bears!
Posted by Palmoni at 8:32 AM
Saturday, November 1, 2014
And then, Monday the fawning press will ask Tim Cook to yell "War Eagle."
But take Auburn today. Easiest money on the board!
Posted by Palmoni at 3:40 PM