Portfolio of the Week

[jiesen]

Jiesen up 9% on GMSV short after potentially disastrous start

better performance than the market

billyjoe

I'll say... I was down 700% at one point. I thought it was a mistake in the scottrade quote, but I verified at OTCBB that indeed someone bought 75000 at 0.009 today. Good thing this wasn't a real trade, or that might have caused a margin call to cover at a penny... a good reason I'd never touch this stock with real money.

We're beating the market because more than half of us are more than half short. and the market sucks right now.

[billyjoe]

Jiesen,
I saw that and also thought it was a mistake. That's got to be the greatest comeback . Can anyone top a 709% reversal in one day?
billyjoe

I believe you shorted 5,000,000 shares in our contest

[scifos]

I believe you shorted 5,000,000 shares in our contest

Wow, do they even have that many shares issued?

[New-born baby]

Shorting GM

BillyJoe,

GM is trying to 1). divert attention away from their Fiat folly and 2). shore up the stock price by surprisingly unveiling a fuel cell car today in New York. It worked. I'm in the red on my GM short, but we'll see how long that lasts in this market.

[jiesen]

Wow, do they even have that many shares issued?

maybe. the CEO likes to issue billions of shares without informing the rest of the shareholders because doing so would be too costly for the company. you see, he needs to have access to this capital... (you think I'm kidding, don't you?)

[billyjoe]

What is the market cap? I think I have enough $ to start such a business.
billyjoe

[New-born baby]

We're beating the market because more than half of us are more than half short. and the market sucks right now.

Jessie Livermore said,"There's not a bull side of the market; there's not a short side of the market; there is only the right side of the market." It shows good sense to be on the right side of the market.

[billyjoe]

New-Born,
Fiat's have been notorious for years. There always were lots of low mileage ones for sale because they never ran long enough to accumulate many miles. When they broke down you couldn't get parts or find anyone to work on them. A friend left his Fiat convertible with the top down in downtown Cleveland with the keys in it and nobody would steal it.
billyjoe

[New-born baby]

Fiat is Italian for "junk."

BilllyJoe,

Fiat's are awful. I can't understand why Rick Wagoner signed a put agreement with Fiat. Fiat has until 24 July 2010 to exercise their put, too! It's an $8 Billion put, and the company is nearly bankrupt. It may bankrupt GM. That's awful management! And that's very bad for the US because GM has 200,000 employees. Soon, there will be no US car companies.

[New-born baby]

10 Worst Cars sold in the US

Forbes Magazine's: (MSN yesterday)

1. Kia Rio--death machine, 2 star safety rating
2. Mitisubiti Lancer--2 star safety rating
3. Nissan Sentra--death machine, 2 star "safety" rating
4. Ford Ranger--rolls over in 30% of accidents
5. Madza pickup--a rebadged Ford Ranger. 30% rollover rating!
6. Lincoln Navigator--181% more repairs than average US new car! Its the new Edsel!
7. Ford 'Exploder' (Explorer) pickup--high repair/34% rollover!
8. Lincoln LS--worth only .20 on the dollar of new in five years.
9. Dodge Neon--worth only .18 on the dollar of new in five years!
10. Chrysler Sebring--worth only .19 on the dollar of new in five years.

[jiesen]

Forbes Magazine's: (MSN yesterday)

1. Kia Rio--death machine, 2 star safety rating
2. Mitisubiti Lancer--2 star safety rating
3. Nissan Sentra--death machine, 2 star "safety" rating
4. Ford Ranger--rolls over in 30% of accidents
5. Madza pickup--a rebadged Ford Ranger. 30% rollover rating!
6. Lincoln Navigator--181% more repairs than average US new car! Its the new Edsel!
7. Ford 'Exploder' (Explorer) pickup--high repair/34% rollover!
8. Lincoln LS--worth only .20 on the dollar of new in five years.
9. Dodge Neon--worth only .18 on the dollar of new in five years!
10. Chrysler Sebring--worth only .19 on the dollar of new in five years.

note absence of TM's vehicles from the list.

[New-born baby]

Not making junk.

note absence of TM's vehicles from the list.

And GM's absence, too.

But of course, so is Hyundai, and VW, Honda, etc.

But there are five, count 'em! five Fords on that list.

[jiesen]

GMSV.OB market cap

What is the market cap? I think I have enough $ to start such a business.
billyjoe

good question. the calculation is pretty tough, as it involves limit approximation (the number of shares is very quickly approaching infinity and the price is approaching 0 even faster) as the CEO tries (and fails) to issue stock faster than the OTCBB MM's can short it. at this point, nobody knows how many shares he's issuing in a given month, as he's stopped informing his shareholders when he's going to issue new shares or declare his splits. (that was the whole point of his latest merger/name&location change)

[billyjoe]

Mid-day movers:

Scifos
TRA +4.23%

Gatorman
CMN +2.83%

Jiesen
GMSV.ob short +20%

Jiesen, Good job on GMSV. I can't find anything good about this stock. Even the penny stock publications say it is worthless. This slime is really bottom of the barrel. How did you happen to find it?
billyjoe

[jiesen]

Mid-day movers:

Scifos
TRA +4.23%

Gatorman
CMN +2.83%

Jiesen
GMSV.ob short +20%

Jiesen, Good job on GMSV. I can't find anything good about this stock. Even the penny stock publications say it is worthless. This slime is really bottom of the barrel. How did you happen to find it?
billyjoe

I first saw it mentioned on the XING message board, when they released their infamous "bamboo PR" which compared investing in GMSV (then AFRD or AFRC or AFRN, I forget which) to planting a bamboo shoot. I read through their filings, and thought this had to be the worst scam company I've ever seen.