This morning easyDNS received a summary domain takedown request from the City of London (UK) police department, demanding that easyDNS take down a bittorrent search engine and redirect the traffic to an IP address that promoted competing, commercial music services, all based out of London UK.
The takedown order made veiled threats that the registrar could lose its accreditation if it failed to comply and “reserved the right” to refer the matter to ICANN.
The bittorrent search engine is based in Singapore, easyDNS in Toronto. easyDNS has declined in the absence of a legal court order.
Full story here.
Had an idea tonight which involved the string “0wo” (zero-w-o) and was surprised to be able to hand register 0wo.org. Also note that a few in this line are still available: 7wo.org, 9po.org, etc. They’re there if you look around. Not that NLL.org are worth anything but they can be useful for URL shorteners, etc.
On a related note, I’ve owned dom.org for a very very long time and will be finally putting it use. Watch this space and I’ll tell you all about it (it involves bitcoin).
[ Woops, originally posted with link to wrong article ]
I’ve been writing an article on gold over on Wealth.net which I wish I posted before today’s session, (which could be a key reversal day). In any case, since the gold crash back in April I am in agreement with the (microscopic minority) who think that we are nearing the end of a cyclical gold bear within a secular bull and have been adding to my positions for the first time since 2009 (for stocks) and 2006 (for physical).
What I found of interesting is after analyzing the major producers in the wake of the crash, they look like more compelling values now than at their previous cyclical lows in October 2008. I’ve put that in a PDF which can be downloaded from Wealth.net, but tonight I posted a general overview on the end of this cyclical gold bull.
It’s over here.
Right off the top I should caution you all “don’t try this at home”, because I almost always lose money when I trade the short side of the market or an individual equity.
That said, after my post earlier this week about taking some profits off the table in the face of what seems to be overwhelming complacency and confidence in the stock market, the evidence continues to mount. Read more »
In the face of soaring complacency and optimism I am lightening up some equity positions and taking profits. To the left we see the VIX at near lowest levels since just prior to the onset of the GFC. With markets challenging their all-time highs, I would feel more comfortable with an ascending VIX, not a descending one.
This tells me that confidence and complacency are high. I am also seeing a lot of scorn directed at those who seem to agree with me, combined with numerous rationalizations on why the markets have nowhere to go but up. For instance, some guy on twitter has deemed this “crass contrarianism” as “silly”, and people are pretty eager to agree.
So it’s time for me to take some profits off the table, including RIM – thanks for the easiest double+ ever. I once again made my cardinal investing error and wished I had bought more. I also lightened up a few of my Euro indexes and took profits on Portugal Telecom.
I should also mention I sold some of my beloved Tucows. I had a small position in another trading account I decided to liquidate for a tidy gain but I am still long and strong a much larger position within my RRSPs and plan to keep adding there when the circumstances present themselves.
Read more »
I got a few comments from my “Tech Pair Trade of the Century” post awhile back along the lines of “Short AAPL? Good luck!” and “Long RIM? Good luck!”.
So it was with interest I noted this week (13F week, when all the “big boys” file their 13-F’s with the SEC) that two very large heavy hitters are calling it quits with AAPL: Read more »
When I heard about the Mitt Romney debate gaffe on “binders full of women” immediately going viral (I didn’t watch the debate as the electoral process makes me near suicidal) I just knew that some quick thinking person was going to snag it instantly. That enterprising party was The American Bridge PAC who promptly redirected BinderFullOfWomen.com to their homepage who’s lead off story is “Romney’s Record on Women”
Still, I really wonder how much direct navigation type-in these “flash in the pan” memes can still generate in this era of social media dominance. But at the price of a hand registration, you can’t lose.
[ Update: Looks like TheDomains picked this up moments before I did. ]
Briefly, RIMM blew out expectations today with 2.9B in revenues and an adjusted net loss narrowed to .27/share. Expectations were for .47/share loss on 2.45B in revenues. Blackberry sales were stronger than expected and the company added 100M in net cash.
Read more »
I just received a short report from Citron Research (another financially uber-astute easyDNS client ) which outlines a scathing short thesis for Web 2.0 real estate darling Zillow (Nasdaq: Z).
Read more »
So far the only comment on my post about going long RIM is “good luck with that”. So far so good there.
My pet quip about value investing is that your investing thesis looks good if it passes what I call the “double idiot test”. That is, you get called an idiot for buying, and then you get called an idiot again for selling. Read more »