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The latest news from the New York Shock Exchange

INTERPRETATION: ESPN's Michael Smith Co-Signs Derek Fisher PDF Print E-mail

ImageThe talk of the NBA has been the tete-a-tete between Grizzlies forward Matt Barnes and Knicks coach Derek Fisher. After receiving a phone call that Fisher was over Barnes' house and was apparently dating his estranged wife, Gloria Govan, Barnes drove 95 miles to L.A. to split his wig. Here is ESPN's Michael Smith's take on the matter and the Shock Exchange's interpretation:

Smith: I don't watch Basketball Wives. I don't watch Real Husbands of City X ... 'My name's Bennett and I ain't in it' type of stuff. This is just so messy.

INTERPRETATION: Smith says up front that he has no dog in the fight, yet he's about to get involved. His use of the word "messy" appears like an attempt to connect with women viewers. It also connotes that women have given him props in the past for using words like "messy" or wearing pastel colors. Either way this type of "female-speak" totally threw me off.

Matt Barnes Splits Derrick Fisher's Wig For Dating His Ex-Wife PDF Print E-mail

ImageAnd just when you've thought you've heard it all ... the Internet has gone haywire with reports that Matt Barnes drove 95 miles to Los Angeles to split Derrick Fisher's wig after hearing Fisher was smashing Barnes' ex-wife. The two were former teammates with the Lakers and it's a pretty unspoken rule between guys that you don't get involved one another's exes:

New York Knicks coach Derek Fisher and Memphis Grizzlies forward Matt Barnes were involved in a physical altercation Saturday night in Los Angeles during a party at the home of Barnes' ex-wife, sources confirmed to on Wednesday.

When Barnes arrived at the home, he got physical with Fisher, sources said. But Fisher did not show any outward physical injuries when he returned to practice on Tuesday. Fisher told Knicks officials he had enjoyed spending time with his children over the weekend, sources said.

It's also unspoken that if you break the first rule you will catch the fade. Derrick Fisher caught the fade and the Shock Exchange loves to see guys get what's coming to them. 

Referee Blows Call At End Of Lions - Seahawks Game PDF Print E-mail

Down 10-13 with less than two minutes left in the game, Lions' QB Matthew Stafford hit Calvin Johnson across the middle and was about to truck a Seahawks defender for the go ahead score. In a clutch play -- totally Seahawks style -- Safety Cam Chancellor punched the ball out of Megatron's hands and into the end zone. Instead of attempting to recover the fumble, linebacker KJ Wright intentionally batted the ball out of bounds. The Seahawks took possession at their own 20 yard line and eventually ran out the clock.

However, the heady Seahawks-like play by KJ Wright turned out to be not so smart after all. It was later determined that if a player intentionally bats the ball out of the end zone, that is a penalty. The ball should have been given back to the Lions on the goal line. Lions coach Jim Caldwell's reaction was:

"What can you do ... We're not gonna cry about it that's for sure ... We just have to tee it up and go at it again." 

Glencore's $18B In "Marketable Inventories" Could Cripple A Buyout PDF Print E-mail

There has been a wild day of trading in shares of Glencore (OTCPK:GLCNF), (OTCPK:GLNCY) so far today. The stock closed up 20% to $115. It was up as much as 71% in Hong Kong earlier this morning where the stock is thinly traded. In total, 199 million shares changed hands; average trading volume is about 85 million. The catalyst for the frenzied trading was a report from The Telegraph that Glencore will listen to takeover offers.

Representatives from Glencore denied knowing any reasons for the wild swings in it share price. Who's to blame? The Financial Times surmised the takeover rumors were a concoction of the media:

It took a little while for the idiocy to subside, even in London where the price jumped 20 per cent at the outset on Monday - despite Glencore itself rushing out a statement saying it had no information that might justify the rise ... So who do we blame? Clowns at the Sunday Telegraph, perhaps. Sunday business journalism is pretty much a dead business, where stories get flamed up in a desperate effort to preserve journalistic jobs.

Transocean - Tete-A-Tete With Petrobras Will Not End Well PDF Print E-mail

Petrobras (NYSE: PBR) is embroiled in a corruption scandal - "Operation Car Wash" - where executives were accused of providing suppliers with inflated contracts in exchange for kickbacks. Petrobras has reportedly blocked 20 suppliers from doing more work with the oil giant and Transocean (NYSE:RIG) could be next. Eduardo Musa, a former Petrobras executive, recently linked Transocean to Operation Car Wash:

A former executive at Brazil's state-run oil company has testified to receiving what he says were payments made by someone claiming to be a Transocean agent in exchange for a rig-operation contract from Petrobras. Transocean is investigating the allegations by Eduardo Musa, the former Petrobras executive, and will cooperate with governmental investigations, the company said in a statement Friday.

Does Florida QB Will Grier Have A Case Of The "Nkemdiche Flu"? PDF Print E-mail

Nkemdiche ... making QBs sick
In one of the biggest college football matchups this weekend, No. 25 Florida takes on No. 3 Ole Miss. Both teams come in undefeated, but for Ole Miss, it's a chance to prove they are for real. After pulling out a big 43-37 victory over SEC powerhouse Alabama two weeks ago, Ole Miss looks like the team to beat. Ole Miss v. Florida will be the most-watched came of the day; however, Florida QB Will Grier could miss the start due a terrible strain of the Nkemdiche flu:

No. 25 Florida could be without ill quarterback Will Grier against No. 3 Ole Miss on Saturday. At least 21 Florida players have been hit by the flu bug this week. Florida coach Jim McElwain said he will decide Saturday who will start at quarterback. If Grier is not well enough to play, sophomore Treon Harris would make his second start this season. Grier's father, Chad Grier, told the Gainesville Sun that he doesn't expect the illness to keep his son from playing.

Robert Nkemdiche is Mississippi's 6-5 305 lb defensive lineman. The pre-season All-American is Nkemdiche is the most disruptive force in college football. Despite consistently drawing two offensive linemen, he still beats defenders, as evidenced by his late sack of Alabama's Jake Coker that sealed that victory. He may also be the country's most versatile -- Ole Miss lines Nkemdiche up at full back or tight end on occasion. I have a feeling several SEC quarterbacks will catch a case of the "Nkemdiche flu" before it's all said and done.

Wynn Resorts Remains A Sell PDF Print E-mail
Everything about Wynn Resorts (NASDAQ:WYNN) exudes quality and luxury just like its founder Steve Wynn. Having a brand that stands for luxury may be what it takes to attract the high rollers who drive the casino's top line. Last year, I took a small short position in the stock as it traded well outside my 8-10x range for casino stocks. I also thought it would pull back once the U.S. economy turned lower. I exited my position with a small loss as WYNN kept rising amid a zero interest environment created by the Fed.
Micron Earnings - 3 Key Questions For Management PDF Print E-mail

Micron reports quarterly earnings on Thursday. Stagnant revenue growth and an aggressive Samsung have weighed on MU in the past. DRAM ASP, the mobile strategy and gross margins will likely be areas of interest going forward. Micron (NASDAQ:MU) is set to report quarterly earnings on Thursday. Analysts expect revenue of $3.56 billion. The revenue estimate is down 8% sequentially, in line with an 8% sequential decline. There are three key questions for the company heading into earnings: [I] Where are DRAM prices headed? [ii] Is Micron's mobile strategy working? [iii] Are margins key to the Micron story? Read more: 

Dispatcher In Tamir Rice Shooting Resigns Due To Stress PDF Print E-mail

African Americans have been under attack by police for years now, but in no way could one have imagined what happened to Tamir Rice. Rice was a 12 year old kid in Cleveland OH who was gunned down by police officer, Timothy Loehmann, for playing with a toy gun outside a recreational center. Everything from the 911 call, to the relay from the dispatch to the police was botched. The caller described to the dispatcher how someone -- "probably a juvenile" -- was pointing a gun at people outside a recreational center. The dispatcher never relayed to the police that the person in question was probably a child, or that the gun was probably a toy gun. The dispatcher, Beth Mandl, resigned in July after having not shown up to work since April:

A dispatcher who sent Cleveland police to a recreation center where an officer fatally shot a 12-year-old boy holding a pellet gun has resigned. The Northeast Ohio Media Group reports that records released this week show Beth Mandl resigned in July. She had sent police to the center where Tamir Rice was killed in November 2014. She resigned days after she was asked to explain why she hadn’t shown up for work since April. According to a department letter, Mandl said the job was stressful.

Dear Financial Times: Weatherford Needs Capital, But Not For An Acquisition PDF Print E-mail

Investors in Weatherford International (NYSE:WFT) recently experienced a whirlwind in the financial markets. Monday before the market opened, Weatherford announced a $1.0 billion capital raise via a mix of normal shares and subordinated notes. Analysts opined that the funding would be used to acquire Halliburton's (NYSE:HAL) divested assets. WFT fell about 17% to $8.41 in Monday's trading. After-hours on Monday management perplexed the market by canceling the capital raise due to concerns over pricing.

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