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Moon Kil Woong

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GEL, GEN, GEO, GEOI, GEOY, GERJ, GERN, GES, GEVO, GEX, GF, GFA, GFG, GFI, GFIG, GG, GGB, GGC, GGCRF.PK, GGG, GGGG, GGN, GGP, GIFI, GII, GILD, GIS, GITLF.PK, GKM, GLBL, GLD, GLDD, GLDX, GLJ, GLL, GLNG, GLRE, GLTR, GLW, GM, GMC, GMCR, GME, GMF, GMM, GMMB, GMO, GMRRQ.OB, GMXR, GNCMA, GNK, GNW, GOLD, GOOG, GORO, GOT, GPC, GPK, GPL, GPOR, GPRE, GPRLF.PK, GPRO, GPS, GR, GRA, GRDOW, GREK, GRH, GRID, GRMN, GRPN, GRS, GRT, GRU, GRZ, GS, GS.B, GSC, GSFVF.PK, GSG, GSH, GSI, GSK, GSPC, GSS, GST, GSVC, GT, GTAT, GTIP, GTIV, GTLS, GTS, GU, GULF, GUR, GVA, GVI, GWL, GWMGF.PK, GWR, GWX, GXC, GXEXF.PK, GXF, GXG, H, HAIN, HAL, HALL, HAO, HBAN, HBC, HBC.A, HBM, HCA, HCBK, HCC, HCHDF.PK, HCN, HCP, HD, HDB, HE, HERO, HES, HEV, HFC, HGIC, HGSI, HGT, HGYMF.PK, HHH, HIG, HIMX, HK, HL, HLF, HLT, HLX, HMA, HMC, HMIN, HMY, HNBC, HNP, HNSN, HNT, HNZ, HOFT, HOG, HOGS, HOKU, HOLX, HON, HOO, HOT, HOTT, HOV, HP, HPF, HPQ, HPS, HPT, HRB, HRBN, HRL, HS, HSOL, HSP, HST, HSY, HTCH, HTCIF.PK, HTS, HTZ, HUM, HUN, HURN, HW, 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JPM, JPP, JPS, JRCC, JSC, JSN, JVA, JW.A, JWN, JXHLY.PK, JXI, JYF, JYN, K, KB, KBE, KBH, KBR, KBW, KBWB, KBWD, KCAP, KCE, KCG, KCI, KEF, KEP, KERX, KEY, KF, KFT, KGC, KGJI, KGN, KIOR, KIRK, KIROY.PK, KKD, KLAC, KLIC, KMB, KME, KMGB, KMI, KMP, KMPR, KMTUY.PK, KMX, KNCRF.PK, KND, KO, KOF, KOG, KOL, KPELY.PK, KPLUF.PK, KR, KRA, KRC, KRE, KRLTF.PK, KRNRF.PK, KRO, KROO, KRY, KSKTF.PK, KSU, KT, KTCC, KWHIY.PK, KWK, KWT, KXI, KXPLF.PK, KYO, LAD, LAMR, LANC, LAZ, LBIX, LBLCF.PK, LBND, LBRMF.PK, LCC, LD, LDK, LDN, LEA, LEAP, LECO, LEH, LEH.F, LEHMQ.PK, LEMB, LEN, LF, LFC, LGF, LGZ, LH, LHCG, LHMAF.PK, LIFE, LINC, LINE, LINTA, LITHF.PK, LIWA, LLL, LLNW, LLTC, LLY, LM, LMCA, LMNX, LMT, LNCR, LNG, LNKD, LNMIY.PK, LNN, LNVGY.PK, LNY, LO, LODE, LOGI, LOW, LPL, LPNT, LPR, LPS, LQD, LRCX, LRLCF.PK, LSCC, LSGGF.PK, LSI, LSTZA, LTD, LTPZ, LTUS.OB, LUK, LUKOY.PK, LULU, LUV, LVLT, LVOL, LVS, LXK, LXRX, LXU, LYB, LYG, LYSCF.PK, LZ, M, MA, MAA, MAAFF.PK, MAC, MAG, MAIN, MAKO, MANT, MAR, MAS, MASC, MAT, MBB, MBG, MBHI, MBI, MCCC, MCD, MCF, MCGC, MCHI, MCHP, MCK, MCO, MCP, MCRL, MDAS, MDC, MDP, MDR, MDT, MDVN, MDY, MEE, MEOH, MER, MERC, MERMF.PK, MES, MET, MFA, MFB, MFC, MFE, MFG, MFGLQ.PK, MFN, MGA, MGAFF.PK, MGM, MHP, MHS, MHVYF.PK, MI, MIL, MILL, MINT, MITEY.PK, MITSY.PK, MJDLF.PK, MJN, MKL, MKSI, MLHR, MLM, MLN, MLPY, MMI, MMM, MMR, MNGGF.PK, MNI, MNKD, MNST, MO, MOAEY.PK, MOBI, MOGLF.PK, MOH, MON, MOO, MORN, MOS, MOSY, MOVE, MPC, MPEL, MQBKY.PK, MRAAY.PK, MRK, MRO, MRVL, MS, MSFT, MSI, MSTR, MT, MTB, MTCEF.PK, MTG, MTH, MTK, MTL, MTLQQ.PK, MTOR, MTU, MTW, MTZ, MU, MUB, MUNI, MUR, MUX, MV, MVG, MVL, MW, MWA, MWA.B, MWV, MWW, MXI, MXIM, MYGN, MYL, MYY, MZG, MZN, MZO, N, NABI, NAT, NAV, NAVB, NAVI, NBF, NBG, NBIX, NBL, NBR, NCC, NCIT, NCR, NDAQ, NDN, NDSN, NE, NEI, NEM, NEPT, NETL, NEU, NEWN, NFG, NFLX, NFX, NFYIF.PK, NG, NGD, NHRKF.PK, NI, NIB, NIHD, NILE, NILSY.PK, NKE, NLC, NLR, NLY, NMG, NOC, NOG, NOK, NOV, NOVL, NOVUF.PK, NPTN, NRBAY.PK, NRG, NRN, NRP, NRSRF.PK, NS, NSANY.PK, NSC, NSIT, NSM, NSP, NSPH, NSRGY.PK, NSTC, NT, NTAP, NTCXF.PK, NTDOY.PK, NTES, NTRI, NTRS, NTXFF.PK, NTY, NU, NUAN, NUCL, NUE, NUGT, NUVA, NVAX, NVDA, NVLS, NVO, NVR, NVS, NVTL, NWBO.OB, NWL, NWLNF.PK, NWS, NWSA, NWY, NXG, NXPI, NXY, NYB, NYC, NYF, NYT, NYX, NZ, NZT, O, OAS, OB, OCANF.PK, OCLR, OCN, OCPNF.PK, OCZ, ODP, OEF, OGEM, OGXI, OGZPY.PK, OI, OIH, OII, OIL, OLO, OMG, OMI, OMVKY.PK, OMX, ONB, ONCY, ONEQ, ONNN, ONP, ONXX, OPELF.PK, OPEN, OPWV, ORCL, ORCT, OREX, ORI, ORLY, OSG, OSI, OSK, OSKFF.PK, OSTE, OSTK, OTR, OVTI, OXBT, OXY, OZRK, P, PAAS, PAF, PAG, PAGG, PAL, PALAF.PK, PALL, PALM, PANL, PAR, PARL, PAY, PAYX, PBCT, PBD, PBE, PBEGF.PK, PBI, PBKEF.PK, PBR, PBR.A, PBW, PBY, PC, PCAR, PCBC, PCCC, PCEF, PCGLF.PK, PCH, PCL, PCLN, PCP, PCS, PCX, PCY, PCZ, PDLI, PDS, PEET, PEG, PEI, PEIX, PEK, PEP, PER, PETD, PEY, PEZ, PFCB, PFD, PFE, PFF, PFG, PFI, PG, PGB, PGF, PGJ, PGM, PGN, PGR, PH, PHB, PHG, PHHMQ.PK, PHI, PHK, PHM, PHO, PHYS, PIE, PII, PIN, PIO, PIP, PIR, PJB, PKB, PKN, PKOL, PKT, PKX, PLAC, PLB, PLCE, PLCM, PLD, PLL, PLLVF.PK, PLTM, PLUG, PLW, PLX, PM, PMI, PMNA, PMR, PMT, PMTC, PMTI, PMY, PNC, PNG, PNNT, PNPFF.PK, PNQI, PNRA, POAHF.PK, POAHY.PK, PODD, POL, POOL, POT, POWI, PPA, PPC, PPDI, PPG, PPH, PPHM, PPL, PPLT, PPO, PPP, PPRTF.PK, PPS, PRA, PRE, PRF, PRN, PROJ, PRPCF.PK, PRPX, PRRR.PK, PRTDF.PK, PRU, PRWT, PRXI, PRXL, PSAU, PSCC, PSCD, PSCE, PSCF, PSCH, PSCI, PSCM, PSCT, PSCU, PSEC, PSI, PSJ, PSLV, PSP, PSQ, PSR, PST, PSY, PSYS, PT, PTH, PTM, PTR, PUDA, PVH, PVI, PVR, PVTB, PWE, PWER, PWND, PWRD, PWX, PWZ, PX, PXD, PXE, PXH, PXJ, PXP, PXQ, PXR, PZA, PZE, PZG, PZT, Q, QCLN, QCOM, QCOR, QEP, QID, QIHU, QLD, QLGC, QQQ, QQQC, QRM, QSII, QSURD.PK, QSURF.PK, QTEC, QTWW, QUAD, QUIK, RAD, RAH, RAI, RAIL, RAS, RATE, RAVN, RAX, RBCN, RBL, RBS, RBXLF.PK, RBY, RCD, RCI, RCL, RDEN, RDN, RDNAF.PK, RDS.A, RDS.B, RDY, REDF, REE, REGN, REMX, RENN, REPYY.PK, REV, REW, REZ, RF, RFLMF.PK, RFMD, RGA, RGC, RGLD, RGR, RGS, RHDC.PK, RHHBY.PK, RHI, RHT, RIG, RIMM, RINO, RIO, RJA, 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SLV, SLW, SLX, SM, SMA, SMB, SMBL, SMFG, SMFJY.PK, SMG, SMH, SMRT, SNBC, SNCR, SNDA, SNDK, SNDXF.PK, SNE, SNI, SNN, SNOFF.PK, SNP, SNSS, SNV, SNX, SNY, SO, SOCL, SODA, SOHU, SOL, SONC, SOXX, SOYB, SPB, SPF, SPG, SPLS, SPLV, SPN, SPPI, SPRD, SPWR, SPXU, SPY, SQM, SQNM, SQNS, SQQQ, SRCL, SREV, SRS, SRZ, SSCC, SSN, SSNLF.PK, SSO, SSP, SSPXF.PK, SSRI, SSTI, SSW, ST, STB, STD, STEC, STEM, STI, STIP, STJ, STLD, STM, STMP, STO, STP, STPZ, STR, STRA, STRI, STT, STWD, STX, STZ, SU, SUB, SUN, SUNH, SVA, SVLF, SVM, SVNT, SVU, SVVC, SVVS, SVYSY.PK, SWC, SWCEY.PK, SWDBY.PK, SWFT, SWK, SWKS, SWN, SWY, SXRZF.PK, SY, SYK, SYMC, SYNA, SYNM, SYNO, SYT, SYX, SYY, SZE, SZKMF.PK, SZO, SZR, SZYM, T, TAL, TAN, TAO, TAOIF.PK, TAT, TBAR, TBF, TBT, TC, TCAP, TCEHY.PK, TCK, TCO, TD, TDC, TE, TECD, TEF, TENZ, TEO, TER, TEVA, TEX, TFI, TFSL, TGB, TGH, TGI, TGIC.OB, TGP, TGT, THC, THD, THI, THMR.PK, THOEF.PK, THOR, THQI, THS, TIBX, TIE, TIF, TIN, TIP, TIPZ, TITN, TIVO, TJX, TKOMY.PK, TLAB, TLB, TLCTF.PK, TLEIY.PK, 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YUII.PK, YUM, YXI, YZC, Z, ZAGG, ZION, ZIOP, ZIP, ZIV, ZMH, ZNGA, ZOLL, ZSL, ZSTN, ZUMZ
  • CenturyLink's New Cloud Focus Will Push Stock Higher [View article]
    The data center craze is a lot of cloud hype that is over pricing brick and mortar businesses. Save Rackspace I'd avoid them all. The PE ratios are not warranted, the properties are easily duplicate with those who have money, and the services are nothing really new.

    Given that Telcos that already have business by CO's should naturally step in. Century Link and Verizon are right to eat into this business.
    Apr 13 09:43 PM | Likes Like |Link to Comment
  • Is It Possible That We Are Too Bearish On Netflix? [View article]
    Netflix is hardly bearish. It still sports a very high PE along with high expectations. It's fall is just the popping of a big bubble, but its still quite richly valued.
    Jan 5 02:02 AM | Likes Like |Link to Comment
  • The T-Mobile Merger Will Still Get Done [View article]
    The problem is not the business model, its AT&T which is the most hated telecom in the US and for good reason. Give them a virtual monopoly and watch everyone suffer.
    Nov 28 07:45 PM | 2 Likes Like |Link to Comment
  • Netflix Dodges Facebook Bullet [View article]
    A cabal of cross fertilized board members of tech companies will not save tech companies from competition. Just look at Microsoft. For one thing they are vested in just about everything already. For another thing they are just about as clueless as you can get being the OS leader.

    Netflix's competition will come from Amazon, Apple, and a slew of entertainment, media, and telecommunications companies. You can rest assured the war has not really begun for online downloadable media content. The players aren't even defined yet and the gambling is starting. Netflix will be involved but dominant through the decade is still not a guarantee even if investors are bidding the shares up like it is.
    Jun 24 02:01 AM | 2 Likes Like |Link to Comment
  • Market Saturation Makes Netflix a Risky Bet [View article]
    Haha no one is buying this for the intrinsic value it is a categorical hype/trend stock. As such it is dangerous to short it. It is also dangerous to bet against a company that has access to quick cash at its stock price to venture into other avenues of business. The closest example is Google. Clearly Google was a hype stock which couldn't justify its value on advertisers alone when it began. But it more than made up for it venturing into every other monetizable business surounding its business model and then some.

    The bigger question is management's savvy and their tech savvy which is debatable. Certainly, arguing with posters on SA is not one of their better uses of time. Especially when his refutation was no better than the original argument.
    Dec 28 05:57 PM | 7 Likes Like |Link to Comment
  • Whitney Tilson: Why We're Short Netflix [View article]
    Good comments and interesting article. Netflix is right to charge a base fee for streaming content. That is the right model and why people are bullish on them. They are ahead of the curve on this. Others are slow or delinquent to follow even though it is the future (much like music).

    However, their content is weak and the media is breeding both competitors and fighting the inevitable trend. It may not work out for Netflix. In the meantime, they are still also dependent on their DVD disk maining business which should be heavily discounted on their valuation. Because of this, they are probably over-valued. You only pay high multiples for the new streaming content, not the garbage legacy DVD business that is doomed.

    Other than that, I have been bullish on Netflix but see, like their CFO, many hurdles including their potential inability to remain on top of their streaming business. I put technology advances as #1. As far as I can tell they are having scalability problems and their service can suffer as a consequence. They actually need a tie up with an advanced Internet service provider which may be costly in terms of their demands for an equitable relation in terms of their customer's bandwith demands.
    Dec 19 04:57 PM | Likes Like |Link to Comment
  • The Battle for America's Living Room [View article]
    Underestimating Netfix and more broadly Internet based distribution has been the fall of the traditional music industry and will be the same for TV if it is not careful. There is no monopoly on content. If anything, the cable model has proven that content can be generated by many sources and leads to richer programming. I laugh at the days when the big 3 ABC,NBC, and CBS thought they owned TV and you couldn't get science channel, history channel, National Geographic, etc.

    In fact, the less you watch the garbage generated by big media the better you probably are. I look forward to what content the web will serve up and almost hope the big boys refuse to play. That creates a sandbox for new providers to grow up in. As for news, I can get that all on the Internet without having to plod through hours of non-news spin and diatribe. We can think for ourselves. We no longer need big media to dictate our worldview and control our entertainment.

    Guys, buy a Sony EX2 and start filming. There's a wanted sign on the Internet for new video content. And that desire will only grow.
    Oct 9 01:30 PM | 2 Likes Like |Link to Comment
  • Mobile Apps: The Wave of the Past [View article]
    Over time apps migrate to all the devices like bees pollinating flowers. It is not that the app dies or becomes less important. It's that the app becomes so ubiquitous that you take it for granted.

    Mobile apps are not really the wave of the past, they are the inevitable future that you will not imagine going without. The author may be right that they might not be the giant money centers in the future. But really, there hasn't been a Google of web apps really. So I don't really expect an app driven market crash.

    As for the need for people to destroy proprietary coded walled gardens, I'm all for it. But please start with Microsoft not Apple.
    Sep 28 11:27 PM | 3 Likes Like |Link to Comment
  • Netflix: This Stock's Story Is Over [View article]
    I would not short it. If blockbuster goes under it will add to the hype. It is too rich for value investors but that's pretty obvious.

    I commented before that Netflix was a great company and the stock was reasonable. I only feel that it's a bit rich on hype right now. The company is great and some version of their model is the future. If they can keep on growing they will catch up to their stock price, but the market is liable to adjust their value back to some normalcy long before that.
    Sep 22 06:44 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Doubleguns is right, Chris Dodd must go to get any real reform. The Democrats are their own worst enemy.

    As for the Volker rule, it is a watered down Glass Stegall because the financial lobby is too strong to think you can ever go back to Glas Stegall.
    Feb 4 05:47 AM | 1 Like Like |Link to Comment
  • Emerging Dominance in Cellular, TV and ISP Markets [View article]
    AT&T remains their own worst enemy. However, frankly I was impressed with the way they handled iPhone service. Sadly, I think it was at the cost of the rest of their service which is filled with very unhappy customers.
    Jan 21 06:50 PM | Likes Like |Link to Comment
  • The Future of the Cable-TV Business Model [View article]
    There is always the chance that all entertainment is forced to move to the Internet and downloading like music and news is moving. The boob tube is great for the baby boomers, the new generation is used to downloading and watching at their leasure what they want at any time in their rooms or offices. Right now they often have to suffer image degradation, but that may not be the case forever.
    Jan 19 12:42 PM | 1 Like Like |Link to Comment
  • John Paulson on Bonds, Equities and Inflation [View article]
    Zero interest rates are a huge tonic... This is undoubtedly a fact. Or better said it's a huge giveaway to banks who actually have access to it.

    Federal Reserve hopes will happen: that easy money will lead to asset price reflation We already have it. However, commodity and equity asset inflation does not easily translate into more jobs, better quality of life, or actually more things made or sold, just higher prices, inflation, misallocation of resources and bubbles galore.

    Paulson is probably right about inevitable inflation and bubbles being formed. But I would not say it's fundamentally bullish for America. To me his gamble is that the US is addicted to easy government money and he doesn't expect the government to end the gravy train until the cupboards are completely empty. He has a point.
    Dec 9 09:01 PM | 4 Likes Like |Link to Comment
  • Another Bear Turns Bullish [View article]
    Fund and money managers have no choice but to enter the fray with your money. they must keep up with the index they are tracked to. Thus, in essence they have turned your money into little lemmings. Not that they care, 1) it's your money 2) they get paid for performance even if you loose after a year (they'll already have pocketed commisions for the synthetic gains), 3) and the investors can't complain they are doing what you asked for with your money.

    Thus, perma bears will have a tough time getting the index to new lows anytime soon. Those fund managers with money have a lot of catching up to do if they missed the first silly circus rally. They will be more than happy to be the clean-up clowns for the second act.
    Aug 11 10:02 PM | 1 Like Like |Link to Comment
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