2914 days ago
Today's Bearcast contains bad language. Brokerman Dan Levi is not the only four letter word used. In it I cover Avocet Mining (AVM) and Waz Shakoor, Rose Petroloeum (ROSE), Outsourcery (OUT), Golden Saint Resources (GSR), Wishbone Gold (WSBN) and bullshitting by Brokerman Dan, New World Resources (BWR), African Potash (AFPO), the china fraud Jiasen (JSI), Blenheim (BNR) and Andalas (ADL) and bullshitting by Flip Flop Ben Turney, Big Gib and other rampers. As ever they are talking cock.
Postscript: I now have Wishbone Gold on the record. No placing is underway. It looks like the bank robber wins today's bullshitting contest.
3010 days ago
There are some folks out there, notably on the LSE Asylum, that think that an unlisted Daniel Stewart (DAN) which is almost out of cash is actually worth anything? Think again, morons.
The Great Northern Bear Waz Shakoor went short at 2.25p
3420 days ago
You will note that the by-line on this article is mine. Just as it was on yesterday’s where I then reprinted the words of my pal Waz Shakoor. Presumably all the bears of Audioboom (BOOM) will now go attacking me too. What follows is actually a response from Audioboom CEO Rob Proctor. It is a response I asked him to pen.
I would advise my “friends” at Audioboom that penning a sensible rebuttal of an article you disagree with is how grown up companies operate. Having the CEO slag off someone who did not even write the offending words (i.e. me) by email and the COO attack my professionalism on twitter is imbecilic. It is not even playing the man not the ball, it is Cantona kicking a bloke in the crowd.
On a normal day
3421 days ago
My pal Waz Shakoor has posted a precis of why he has gone short of Audioboom (BOOM) over on TMF. As ever his research is detailed and interesting. The Great Waz writes of a company which at 11.5p is valued at £62 million on the AIM Casino:
3430 days ago
I could not have put this better myself. Posting on the Motley Fool, the incredibly astute Waz Shakoor (who is short of the stock) explains it in the clearest terms. This is going to 0p. Hat tip to Waz who writes:
Writing an RNS can be a real art form, as can interpreting what has been written. That is why the initial reaction to a seemingly positive RNS can often whither away as more experienced investors get their teeth into the exact words that have been used. In the case of AIM, one also has to bear in mind what the NOMAD (if it has any sense of responsibility) will put its name to.
Today's RNS is a classic from Quindell:
3674 days ago
This may surprise you but I reckon shares in Gulf Keystone should bounce – perhaps to 120-125p – in the short term. That to me would be the time to short again as this company’s equity remains grotesquely overvalued as I shall explain.
3681 days ago
Not deterred (in fact spurred on) by my death threat last night I offer up two new insights for those unlucky enough to own Gulf Keystone (GKP) shares. I do not delight in your misery just suggest that you consider cutting losses before they become even greater. As they surely will. First to the bond market.
It has been suggested that the secondary market in the existing $325 million of bonds is so illiquid that the price means nothing. Au contraire. It is the price of shares, set by buying and selling by –very often – uninformed investors which is wrong.
An interesting tweet emerged yesterday from Waz Shakoor, a man with an amazing record of buying deeply distressed bonds at the right price – he made a killing buying Greek bank debt. How many folks can say that? Waz tweets:
