Stocks (GNBT)
- Thread starter Joey
- Start date
I don't think folk should be investing unless they got a coo emergency fund stashed somewhere, especially in this economy. Make sure you got at least 3-6 months of living expenses saved up before you start throwing extra money into either trading or investing. And those are two different things fa sho, check up on which you want to do and run with it. Personally, I usually don't even look at fundamentals if I'm trading, I trade almost 100% on indicators.
And stay away from stocks that get thrown around online, cuz I guarantee that most of em are being put out there by folks paid to pump it up so you get left holding a piece of shit while other folks get money.
In the stock market, you only make money cuz somebody else lost money, when it comes to trading at least. With investing it's a little different, but for the most part folks that's trynna make some real money is only making it cuz a lot of fools lost big money.
And stay away from stocks that get thrown around online, cuz I guarantee that most of em are being put out there by folks paid to pump it up so you get left holding a piece of shit while other folks get money.
In the stock market, you only make money cuz somebody else lost money, when it comes to trading at least. With investing it's a little different, but for the most part folks that's trynna make some real money is only making it cuz a lot of fools lost big money.
You guys should watch BAC. They went on a huge run but just got sued by the SEC. There may be a nice pullback this week. If it falls back into low 14's it is a STRONG BUY!!!
I just bought a bunch of CITIGROUP today, kind of an interim hold, hopefully I can flip it for a little bit of cash and get back into BAC
I just bought a bunch of CITIGROUP today, kind of an interim hold, hopefully I can flip it for a little bit of cash and get back into BAC
You think BAC is a good buy with the recent news of them cutting back branches and slashing jobs?
I understand the CEO stated it`s a move to save money with more customers banking online and via mobile, but companies cutting jobs and closing branches in this economy might not bode well for the stock. At least for right now.
Maybe sit on the fence a little longer on this one and see if it dips further???
What`s your take?
I understand the CEO stated it`s a move to save money with more customers banking online and via mobile, but companies cutting jobs and closing branches in this economy might not bode well for the stock. At least for right now.
Maybe sit on the fence a little longer on this one and see if it dips further???
What`s your take?
Been there, done that 
Ticker is C, btw, not citi.
I'm big on dividend stocks now, because....fuck it, that's why. Most Large caps are not trying to show any weakness right now, so except for Banks, they're all paying regular dividends even with slumping revenues. Fine by me. The stock prices will artificially go up and down, but in the mean time, I'm getting paid....instead of sitting back waiting 6-12+ months for gains.
Ticker is C, btw, not citi.I'm big on dividend stocks now, because....fuck it, that's why. Most Large caps are not trying to show any weakness right now, so except for Banks, they're all paying regular dividends even with slumping revenues. Fine by me. The stock prices will artificially go up and down, but in the mean time, I'm getting paid....instead of sitting back waiting 6-12+ months for gains.
finance.yahoo.com
fool.com
You don't need much else. Buy names that you couldn't imagine the country doing without (Coca Cola, Wal-Mart, Apple, etc.), and you'll do fine. Don't over-analyze it and end up buying some pharma or investment bank stock because you got conned into it. Only buy stuff you've heard of and hear about on a weekly (if not daily) basis, and you probably won't go wrong. Save the long-shot plays and deep-research ones for when you have money to lose and/or time to waste.
fool.com
You don't need much else. Buy names that you couldn't imagine the country doing without (Coca Cola, Wal-Mart, Apple, etc.), and you'll do fine. Don't over-analyze it and end up buying some pharma or investment bank stock because you got conned into it. Only buy stuff you've heard of and hear about on a weekly (if not daily) basis, and you probably won't go wrong. Save the long-shot plays and deep-research ones for when you have money to lose and/or time to waste.
Is This Rally Out of Sync with the Economy?
By Simon Maierhofer
On Monday August 3, 2009, 12:07 pm EDT
http://finance.yahoo.com/news/Is-This-Rally-Out-of-Sync-etfguide-2678982285.html?x=0
In the good old days, farmers knew better than to yoke a bull and an ass together to plow the field. The yoke would be uneven and no good would come from it. How about a bull and a bear, would those two harmonize?
We shall find out soon. Unknowingly, investors have been watching a bull and bear work together simultaneously. We have a stock market bull and an economy bear. How so?
For nearly five months, the major U. S. indexes such as the S&P 500 (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC), along with international stocks (NYSEArca: EFA - News) have been climbing higher and higher. Simultaneously, economic numbers continue to disappoint. In other words, the stock market bull is thriving, while the economy bear is diving.
Full of confidence, the stock bull is vivacious and obvious to all while the economy bear is ashamed of its dark existence. It thus makes sense that bad news is hardly broadcasted, in some instances one even has to search for it.
Just because the bad news hasn't been presented with neon lights doesn't mean it isn't there. In fact, the prevalence of bad news would ironically be good news, because as we know, new bull markets climb a wall of worry. The fact that worrisome data isn't making it to the front page of newspapers and prime financial television should worry the stock market bulls.
Doing the dirty work
Since few others are doing it, we will do the dirty work and lay bare the economy's Achilles heel. Knowing the bull and bear can't cohabitate the same economic turf, we will discuss the resolution of this conflict.
Disappointing earnings
As earnings season nears its end, it is eye-opening to take a look at the composite results. Even though a good portion of companies have beaten their earnings estimates (Intel, Goldman Sachs), we shouldn't forget that those estimates were low-ball estimates. Profits were not the result of new sales; they were the result of cost-cutting, or Chinese stimulus money. Of course, cost-cutting equates to employee cutting and a higher unemployment number.
Despite their cost reduction efforts, low-ball forecasts, stimulus money, and incentives like cash for clunkers, 39% of companies (according to Standard & Poor's data) were not able to meet their forecasts. Revenue of S&P component companies is down more than 10%.
Dismal jobless reports
The 9.5% unemployment rate does not reflect the 4.4 million people who've been unemployed for more than 27 weeks, or the employees who've been forced to work less and make less. As part of the above mentioned cost-cutting efforts, companies cut the hours worked by a record 2.3% to an all-time low 33 hours. The 'all-inclusive' unemployment rate published by the Bureau of Labor Statistics is 16.4%.
For a moment, suppose you are a company executive. If the economy gains momentum (that's a big if), would you hire new employees or simply increase the hours worked by current employees back to a normal level. There is no light at the end of the tunnel when it comes to better unemployment numbers.
Bank lending
An unemployed consumer doesn't spend or borrow money. This is the essence of a Wall Street Journal article which reported that the total amount of loans held by 15 large U. S. banks shrank by 2.8% in the second quarter. More than 50% of total loan volume came from refinancing mortgages and renewing credit to existing businesses.
Banks have realized that there is no benefit in lending out more money. As credit worthiness decreases, loan defaults increase. For once, financial institutions (NYSEArca: XLF - News) and banks (NYSEArca: KBE - News) are actually doing what's right, even though it seems wrong.
Consumer sentiment
The most recent University of Michigan Consumer Sentiment Survey revealed the following:
Confidence slipped from 70.8 to 66
Income expectations fell from 113 to 120 (50% of consumers fear losing their job)
Home-buying intentions melted from 157 to 147
Car-buy intensions faltered from 139 to 133
This sentiment is perfectly understandable considering that wages and salaries have declined at a record pace.
No more help from baby-boomers
The hopes for a continued bull market, or a bull market resumption, has often relied on the financial stamina of the baby boomer generation. Baby boomers were responsible for nearly 80% of the spending growth from 1995 to 2005. Needless to say, plunging prices courtesy of Dow Jones (NYSEArca: DIA - News) and S&P 500 (NYSEArca: SPY - News) have not helped their retirement plans. In fact, nearly 70% of baby boomers around age 60 now say they are financially unprepared for retirement.
Those hoping for retirees to come and buy stuff' may soon find that retirees are competing for jobs. The 100,000+ monthly new entrants into the labor market will soon be competing against seasoned veterans.
Valuation metrics
Looking at Wall Street and trying to figure out the fair value of the Dow Jones reminds me of KPBS's 'Antiques Roadshow.' Many analysts own all kinds of stocks, all believed to be undervalued until it turns out that they paid way too much. On December 16th, 2008 for example, Morningstar ran the article, 'We Think the Dow is Trading at a 30% Discount' pegging the Dow's real value at around 12,500.
On the same day, TheStreet.com featured the piece, 'You're witnessing the Stock Sale of the Century' claiming that the bear market that ended on November 20th was phony and shouldn't have happened. It didn't happen and it was far from over at the time.
In contrast, the ETF Profit Strategy Newsletter considered financial companies a 'downward spiral with no stop-loss provision' before the real meltdown actually started and recommended short ETFs in September 2008, and once again in early January 2009.
Discerning the true value for stocks is actually quite simple, if you are humble enough to stick with a simple concept. During prior bear market bottoms of historic proportions, P/E levels, dividend yields, and mutual fund cash reserves have always reached levels indicative of a market bottom.
Unless those indicators provide their stamp of approval, the market is overvalued and any rally will turn out to be short-lived. Based on those indicators, the market is grossly overvalued, still.
What fuels this rally?
During the Great Depression, the stock market declined in steps. A 48% decline was followed by a 48% rally. The next 47% decline was followed by a 23% rally. This process continued until the Dow Jones lost over 89% of its value.
Investors who jumped back in after the initial 48% decline saw their portfolios dwindle by yet another 60%. Investors who thought they were 'bargain hunters' after the second rally, found out that their bargains were a money pit. The cycle continued until the market had destroyed the financial existence of many.
This rally is simply here to relieve investors' pent-up urge to buy and recreate an environment that will drag the maximum amount of money back into the losing vortex.
The ETF Profit Strategy Newsletter foretold a huge rally for Q1/Q2 previously in October 2008. After recommending short ETFs above Dow 9,000 in January, a Trend Change Alert sent out on March 2nd, signaled the beginning of this expected rally. The alert recommended to load up on broad index ETFs, dividend ETFs like the SPDRs Dividend ETF (NYSEArca: SDY - News) financial ETFs, leveraged ETFs like the Ultra S&P 500 ProShares (NYSEArca: SSO - News), and the Ultra Financial ProShares (NYSEArca: UYG - News).
As the discrepancy between the stock market bull and the economy bear is becoming more pronounced, it won't be long before the market's action validates a Trend Change Alert. The bull and bear will not be able to peacefully cohabitate. The roar of continued economic deterioration will at last be heard, shaking stock prices and the market, like a bear shakes an apple tree.
The August issue of the ETF Profit Strategy Newsletter includes target levels for the ultimate market bottom based on an analysis of P/E ratios and dividend yields, along with practical tips to survive and thrive in the coming years. Hopefully this will prevent you from becoming unevenly yoked with your portfolio.
By Simon Maierhofer
On Monday August 3, 2009, 12:07 pm EDT
http://finance.yahoo.com/news/Is-This-Rally-Out-of-Sync-etfguide-2678982285.html?x=0
In the good old days, farmers knew better than to yoke a bull and an ass together to plow the field. The yoke would be uneven and no good would come from it. How about a bull and a bear, would those two harmonize?
We shall find out soon. Unknowingly, investors have been watching a bull and bear work together simultaneously. We have a stock market bull and an economy bear. How so?
For nearly five months, the major U. S. indexes such as the S&P 500 (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC), along with international stocks (NYSEArca: EFA - News) have been climbing higher and higher. Simultaneously, economic numbers continue to disappoint. In other words, the stock market bull is thriving, while the economy bear is diving.
Full of confidence, the stock bull is vivacious and obvious to all while the economy bear is ashamed of its dark existence. It thus makes sense that bad news is hardly broadcasted, in some instances one even has to search for it.
Just because the bad news hasn't been presented with neon lights doesn't mean it isn't there. In fact, the prevalence of bad news would ironically be good news, because as we know, new bull markets climb a wall of worry. The fact that worrisome data isn't making it to the front page of newspapers and prime financial television should worry the stock market bulls.
Doing the dirty work
Since few others are doing it, we will do the dirty work and lay bare the economy's Achilles heel. Knowing the bull and bear can't cohabitate the same economic turf, we will discuss the resolution of this conflict.
Disappointing earnings
As earnings season nears its end, it is eye-opening to take a look at the composite results. Even though a good portion of companies have beaten their earnings estimates (Intel, Goldman Sachs), we shouldn't forget that those estimates were low-ball estimates. Profits were not the result of new sales; they were the result of cost-cutting, or Chinese stimulus money. Of course, cost-cutting equates to employee cutting and a higher unemployment number.
Despite their cost reduction efforts, low-ball forecasts, stimulus money, and incentives like cash for clunkers, 39% of companies (according to Standard & Poor's data) were not able to meet their forecasts. Revenue of S&P component companies is down more than 10%.
Dismal jobless reports
The 9.5% unemployment rate does not reflect the 4.4 million people who've been unemployed for more than 27 weeks, or the employees who've been forced to work less and make less. As part of the above mentioned cost-cutting efforts, companies cut the hours worked by a record 2.3% to an all-time low 33 hours. The 'all-inclusive' unemployment rate published by the Bureau of Labor Statistics is 16.4%.
For a moment, suppose you are a company executive. If the economy gains momentum (that's a big if), would you hire new employees or simply increase the hours worked by current employees back to a normal level. There is no light at the end of the tunnel when it comes to better unemployment numbers.
Bank lending
An unemployed consumer doesn't spend or borrow money. This is the essence of a Wall Street Journal article which reported that the total amount of loans held by 15 large U. S. banks shrank by 2.8% in the second quarter. More than 50% of total loan volume came from refinancing mortgages and renewing credit to existing businesses.
Banks have realized that there is no benefit in lending out more money. As credit worthiness decreases, loan defaults increase. For once, financial institutions (NYSEArca: XLF - News) and banks (NYSEArca: KBE - News) are actually doing what's right, even though it seems wrong.
Consumer sentiment
The most recent University of Michigan Consumer Sentiment Survey revealed the following:
Confidence slipped from 70.8 to 66
Income expectations fell from 113 to 120 (50% of consumers fear losing their job)
Home-buying intentions melted from 157 to 147
Car-buy intensions faltered from 139 to 133
This sentiment is perfectly understandable considering that wages and salaries have declined at a record pace.
No more help from baby-boomers
The hopes for a continued bull market, or a bull market resumption, has often relied on the financial stamina of the baby boomer generation. Baby boomers were responsible for nearly 80% of the spending growth from 1995 to 2005. Needless to say, plunging prices courtesy of Dow Jones (NYSEArca: DIA - News) and S&P 500 (NYSEArca: SPY - News) have not helped their retirement plans. In fact, nearly 70% of baby boomers around age 60 now say they are financially unprepared for retirement.
Those hoping for retirees to come and buy stuff' may soon find that retirees are competing for jobs. The 100,000+ monthly new entrants into the labor market will soon be competing against seasoned veterans.
Valuation metrics
Looking at Wall Street and trying to figure out the fair value of the Dow Jones reminds me of KPBS's 'Antiques Roadshow.' Many analysts own all kinds of stocks, all believed to be undervalued until it turns out that they paid way too much. On December 16th, 2008 for example, Morningstar ran the article, 'We Think the Dow is Trading at a 30% Discount' pegging the Dow's real value at around 12,500.
On the same day, TheStreet.com featured the piece, 'You're witnessing the Stock Sale of the Century' claiming that the bear market that ended on November 20th was phony and shouldn't have happened. It didn't happen and it was far from over at the time.
In contrast, the ETF Profit Strategy Newsletter considered financial companies a 'downward spiral with no stop-loss provision' before the real meltdown actually started and recommended short ETFs in September 2008, and once again in early January 2009.
Discerning the true value for stocks is actually quite simple, if you are humble enough to stick with a simple concept. During prior bear market bottoms of historic proportions, P/E levels, dividend yields, and mutual fund cash reserves have always reached levels indicative of a market bottom.
Unless those indicators provide their stamp of approval, the market is overvalued and any rally will turn out to be short-lived. Based on those indicators, the market is grossly overvalued, still.
What fuels this rally?
During the Great Depression, the stock market declined in steps. A 48% decline was followed by a 48% rally. The next 47% decline was followed by a 23% rally. This process continued until the Dow Jones lost over 89% of its value.
Investors who jumped back in after the initial 48% decline saw their portfolios dwindle by yet another 60%. Investors who thought they were 'bargain hunters' after the second rally, found out that their bargains were a money pit. The cycle continued until the market had destroyed the financial existence of many.
This rally is simply here to relieve investors' pent-up urge to buy and recreate an environment that will drag the maximum amount of money back into the losing vortex.
The ETF Profit Strategy Newsletter foretold a huge rally for Q1/Q2 previously in October 2008. After recommending short ETFs above Dow 9,000 in January, a Trend Change Alert sent out on March 2nd, signaled the beginning of this expected rally. The alert recommended to load up on broad index ETFs, dividend ETFs like the SPDRs Dividend ETF (NYSEArca: SDY - News) financial ETFs, leveraged ETFs like the Ultra S&P 500 ProShares (NYSEArca: SSO - News), and the Ultra Financial ProShares (NYSEArca: UYG - News).
As the discrepancy between the stock market bull and the economy bear is becoming more pronounced, it won't be long before the market's action validates a Trend Change Alert. The bull and bear will not be able to peacefully cohabitate. The roar of continued economic deterioration will at last be heard, shaking stock prices and the market, like a bear shakes an apple tree.
The August issue of the ETF Profit Strategy Newsletter includes target levels for the ultimate market bottom based on an analysis of P/E ratios and dividend yields, along with practical tips to survive and thrive in the coming years. Hopefully this will prevent you from becoming unevenly yoked with your portfolio.
Well I would definitely NOT buy into this rally right now. I would wait until it bounces back into the 14's and then possibly pick it up. I do think BAC is a good buy right now because they are sitting on a lot of cash, more than most banks, and rumors abound that they will pay TARP back soon. In the long term, the acquisition of ML will make them a lot of money. In short, they aren't going anywhere. If you buy it, sit back and enjoy the ride.
Drug groups to reap swine-flu billions
The Financial Times
July 21, 2009
Some of the world’s leading pharmaceutical companies are reaping billions of dollars in extra revenue amid global concern about the spread of swine flu.
Analysts expect to see a boost in sales from GlaxoSmithKline, Roche and Sanofi-Aventis when the companies report first-half earnings lifted by government contracts for flu vaccines and antiviral medicines.
"Speaking of GSK, it is turning itself into a one-stop shop for doctors’ influenza-related needs.
Not only is it one of the few outfits ginning up the very limited supply of vaccine, its Relenza is one of the only two proven flu remediation drugs currently available to the public. And just to dot the “i,” GSK is introducing this fall’s newest hot fashion accessory: a line of flu-shielding masks.
… And the 523% Payoff for Being Prepared
When the analysts totted it all up, they slated GSK to bring in some $2.53 billion in H1N1-linked revenue over the next six months. GSK shares have already gained more than 42% since a decadal low last March, a rise that has pushed the options I recommended to WOW readers back in April to gains of 165%.
I anticipate GSK more than doubling (at the very least) before the dust settles. That additional increase in shares could push a carefully selected option purchased today to gains as high as 432%.
And before you say that gains like that are unreasonably speculative, I should like to point out that WOW readers’ Ford calls crested 523% last week." - Taipan Daily:by Adam Lass, Senior Editor
The Financial Times
July 21, 2009
Some of the world’s leading pharmaceutical companies are reaping billions of dollars in extra revenue amid global concern about the spread of swine flu.
Analysts expect to see a boost in sales from GlaxoSmithKline, Roche and Sanofi-Aventis when the companies report first-half earnings lifted by government contracts for flu vaccines and antiviral medicines.
"Speaking of GSK, it is turning itself into a one-stop shop for doctors’ influenza-related needs.
Not only is it one of the few outfits ginning up the very limited supply of vaccine, its Relenza is one of the only two proven flu remediation drugs currently available to the public. And just to dot the “i,” GSK is introducing this fall’s newest hot fashion accessory: a line of flu-shielding masks.
… And the 523% Payoff for Being Prepared
When the analysts totted it all up, they slated GSK to bring in some $2.53 billion in H1N1-linked revenue over the next six months. GSK shares have already gained more than 42% since a decadal low last March, a rise that has pushed the options I recommended to WOW readers back in April to gains of 165%.
I anticipate GSK more than doubling (at the very least) before the dust settles. That additional increase in shares could push a carefully selected option purchased today to gains as high as 432%.
And before you say that gains like that are unreasonably speculative, I should like to point out that WOW readers’ Ford calls crested 523% last week." - Taipan Daily:by Adam Lass, Senior Editor
3 signs you should sell a stock
Successful investing is about avoiding disastrous losses. Here's how to spot clunkers before their prices tank.
Many times, checking a company's earlier quarterly reports for telltale signs that something is amiss will alert you to future problems. Those checks are vital because, in the market, such shortfalls often spell big trouble for shareholders.
Here's how to identify three of those telltale signs, or red flags, that warn of future bad news. You can do the checks using the financial statements on MSN Money. You'll need a calculator, but the calculations are easy. Once you get the hang of it, you'll be able to do the analysis in less than five minutes.
Margins
Margins are the profit a company makes on its sales. For example, a 25% margin means the company is making 25 cents for every dollar of sales.
Gross margins are a measure of profit before a company accounts for overhead, marketing, research and development, interest and taxes. Rising gross margins tell you a company is reducing production costs or raising prices. Conversely, deteriorating margins say either that production costs are increasing and the company can't raise prices proportionally or that the company is cutting prices in an attempt to maintain market share.
Operating margins are a gauge of profit after a company accounts for overhead, marketing, and research and development. Rising operating margins generally indicate the company is operating more efficiently. However, falling operating margins signal something is amiss. Often, operating margins drop because the company has to increase advertising and other marketing expenses to maintain sales growth.
Margins tend to move in trends. That is, if margins rose in the previous quarter, they will probably be even higher in the current report. That's good news because rising margins usually lead to positive earnings surprises. Margins might fall for innocuous reasons, such as expenses related to a new product's introduction. However, falling margins, either gross or operating, often signal a declining competitive position. Thus it's important to check both.
Read the rest of the full article HERE on MSN MONEY
Good read for those getting into the market.
Successful investing is about avoiding disastrous losses. Here's how to spot clunkers before their prices tank.
Many times, checking a company's earlier quarterly reports for telltale signs that something is amiss will alert you to future problems. Those checks are vital because, in the market, such shortfalls often spell big trouble for shareholders.
Here's how to identify three of those telltale signs, or red flags, that warn of future bad news. You can do the checks using the financial statements on MSN Money. You'll need a calculator, but the calculations are easy. Once you get the hang of it, you'll be able to do the analysis in less than five minutes.
Margins
Margins are the profit a company makes on its sales. For example, a 25% margin means the company is making 25 cents for every dollar of sales.
Gross margins are a measure of profit before a company accounts for overhead, marketing, research and development, interest and taxes. Rising gross margins tell you a company is reducing production costs or raising prices. Conversely, deteriorating margins say either that production costs are increasing and the company can't raise prices proportionally or that the company is cutting prices in an attempt to maintain market share.
Operating margins are a gauge of profit after a company accounts for overhead, marketing, and research and development. Rising operating margins generally indicate the company is operating more efficiently. However, falling operating margins signal something is amiss. Often, operating margins drop because the company has to increase advertising and other marketing expenses to maintain sales growth.
Margins tend to move in trends. That is, if margins rose in the previous quarter, they will probably be even higher in the current report. That's good news because rising margins usually lead to positive earnings surprises. Margins might fall for innocuous reasons, such as expenses related to a new product's introduction. However, falling margins, either gross or operating, often signal a declining competitive position. Thus it's important to check both.
Read the rest of the full article HERE on MSN MONEY
Good read for those getting into the market.
I'm doing very well with C. Check out this article:
http://www.reuters.com/article/hotStocksNews/idUSTRE5752E420090806
In terms of a VALUE stock, I would say C is the hottest thing on the market right now. A massive short squeeze is coming soon; tomorrow, many shorters will have to cover their positions. If you take a look at Level 2s (shows time & details of shares bought and sold) institutions are slowly accumulating massive amounts of shares before close. Buy orders are queued up like crazy.
Under $4, I would say C is an excellent buy and a good first stock for one to own. Once the government gets its hand out of the honey pot, this baby will go to the moon.
http://www.reuters.com/article/hotStocksNews/idUSTRE5752E420090806
In terms of a VALUE stock, I would say C is the hottest thing on the market right now. A massive short squeeze is coming soon; tomorrow, many shorters will have to cover their positions. If you take a look at Level 2s (shows time & details of shares bought and sold) institutions are slowly accumulating massive amounts of shares before close. Buy orders are queued up like crazy.
Under $4, I would say C is an excellent buy and a good first stock for one to own. Once the government gets its hand out of the honey pot, this baby will go to the moon.