Take physic, pomp

Trading Post (epic fail edition)

Cosan (CZZ) up 1.8% at $4.57 and I didn’t get on board cos I tried to be fancysmart and fish for something $3.50ish when CZZ stood at $3.80ish last week. Moral of the story is “don’t play cute with the market, cos the market slaps faces”. Epic fail chez Otto.

Fronteer (FRG) down 4.6% at $2.50 and I shudda known it was going to happen after reading this contrary indicator at sinkingalpha today (err…”thanks” to the three people who sent the link..very funny, guys). Mindnumbingly awful piece of analysis, so remember this goden rule, folks: Exclamation mark in title of finance article = SEVERE DANGER. Oh My! Epic Fail!

Vale (VALE) down 5.15% at $18.08. Mgmt put on a brave face about it when asked and told us all that the company was solid. But a $300m net revenue miss is a $300m net revenue miss. Epic fail, and guidance on iron ore demand sucks.

Mercado Libre (MELI) down 17.5% at $23.89. First quarter results! Sales missed expectations! Epic Fail!

Capella Resources (KPS.v) down 6.7% at $0.42. This one goes out to the foulmouthed dumbass who commented (anonymously, of course) on the original exposé post about KPS, telling me all about the past sexual history of my mother and how he’d “load the f****** boat at eighty!” at the time (it was bouncing around 85c). Well dude, both my mother and I hope you took out a second mortgage on that trade. An epic, epic, epic, EPIC fail. Please write again if you want 10 bucks via PayPal.

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