KITD
-
8/19/10 Midnight Report: No work and no pay makes the market a dull buy
Look out belowwwwwwwwwwwwwwwwww as the market is falling faster than Eliot Spitzer’s pants at the Mayflower hotel. Investors have finally decided to ignore the marginally good earnings data this quarter which was a lot of bottom line growth with weak toplines and instead pay some attention to macro data which is trending worse than Club
-
8/18/10 Midnight Report: Market flatter than 13 year old girl in honor of Roman Polanski’s birthday
The market was up modestly today as earnings were mixed and macro data was as non-existent as leprechauns, free will, and married women who swallow. Seriously, macro data was more fallow than Betty White’s uterus so investors were left to sift through earnings reports and finally get around to petitioning the CFA society for their
-
Small Company Update: Lets get KIT Digital, let me hear your VAMS talk
KITD reported their Q2 earnings the other day and as promised, Money McBags is here to break it down for you with the good (EBITDA), the bad (share buyback talk? ugh), and the ugly (the actual video presentation where management talked in front of a wall of TVs, one of which was showing a hot
-
8/17/10 Midevening Report: Market gets higher thanks to POT
Money McBags is back today after technical difficulties kept him from dropping some market knowledge yesterday. He’d like to say his absence was because he was busy trying to solve some of the world’s greatest problems such as auditing the recent proof of P vs NP (which showed that P does not equal NP, though
-
8/11/10 Midevening Report: Market goes down furiously, swallows long positions
Timberrrrrrrrrrrrrrrrrrrrrrrrrr. The market went down today faster than the Hummer Mom chaperoning a Boy Scout overnight. Given the months of bad macro data and the Fed warning about slower growth yesterday, the drop is about as surprising as learning that menstrual cramps may alter women’s brains (and for their next study, National Yang-Ming University will
-
7/22/10 Midevening Report: Market shoots up on earnings, hopefully it wasn’t sharing a needle with Greece
The market raced up today as if it were Icarus escaping from Crete and rapidly approaching the tantalizing Sun, though with luck it used better wings and thus will avoid the same fate. Despite more negative macro news, a growing and unsustainable debt, and more longterm unemployed people than a fast food addict has bacne,
-
7/15/10 Midevening Report: Senate approves financial reform only 5 years too late, next up, what to do about all of those indians
The Senate passed a sweeping financial reform bill today, though the only thing it is likely to sweep is more problems under the rug. After many compromises between Democrats and Republicans, the bill basically lets regulators feel the financial sector up but then caucusblocks them from going all the way. Sure there are now limits
-
7/7/10 Midafternoon Report: Bulls hit
The market was up today because we are due for a brief rally until we resume our fall in to the abyss like King Midas’ son Anchurus (only without saving the Earth) or like Alan Greenspan’s reputation. The market has reached the point where some stocks have simply been oversold and with the lack of
-
7/6/10 Midafternoon Report: Heat wave melts market rally, or maybe it was common sense
Holy crap is it hot out today. It’s so hot that the only difference between the East Coast and hell is that Jim Cramer isn’t in hell, yet. Anyway, the market was rebounding a bit after downing several vials of muscle relaxant to help cure the severe case of lockjaw it developed from going down
-
6/21/10 Midafternoon Report: China drops its peg, exposes its growing yuan
The market rallied today in the morning like a chubby chaser with a bottle of crisco on his way to a Peter Paul Rubens exhibit until it faded in the afternoon thanks to common sense and volume. Rallying the market in the morning was news that China is going to unpeg their currency from the