Yes, TRMR should go up from here....rejected lower prices on the 5th and 6th and then last week printed clustered closes followed up by today's strength. Broke thru the downtrend Looks like it's gunning for 4.71 or 5.06 or even 5.20. But I'm not in yet so I'll have to wait for the pull back. Thinking 4.33 should be the floor but I may try to pick some up at 4.44.
Got my big pop today and I got out and made some very nice gains... you know I'm an options guy and seldom trade stock, but this one was priced like and gave me gains like one :)
Technically, the stock did put in an intra-day reversal, but closed terribly. Will have to wait and see...
"Well first off, the February gap does not have to get filled".
I understand that... but, the stock never traded at these levels ever and generally those kinda gaps get filled eventually.
"The big boyz got out and/or shorted leading up to that gap-down."
Nopes... Institutional ownership is still at 80%
"The shorts covered at the bottom of the gap down, at $1.09. "
Not really, SI is still around 42M shares.
Be careful with CLF... Most of it's peers have set lower lows than in 2009 (WLT, BTU, ANR, ACI) and i don't see a reason why CLF won't do that? A double bottom @ 15'ish level looks weak considering the broader market is ready to roll over...
Well first off, the February gap does not have to get "filled". The big boyz got out and/or shorted leading up to that gap-down. They don't need to take it all the way back up there. The shorts covered at the bottom of the gap down, at $1.09.
If you're convinced they are not going BK, then the 1st step is for the selling to stop, You need to see some sort of stopping action; plain and simple.
I don't have a count on NIHD. But I can tell you that CLF's count is looking good for a buy on the Ex-div date Wednesday, May 21st.
Just living up to my ID...LOL
In my years of experience, contrarian plays have been the most profitable for me. All the left for dead stocks turned around PBR, JCP, GMCR, HPQ, FSLR, CHK and the list goes on... I've seen WS play these games too many times.
They also have some 7B-9B in assets and cash to survive till early to mid 2015. Anyways, what would you like to see technically for the Feb-28th gap to be filled? Also, what wave in the downtrend do you think it is in?
I always had a problem with stock grants until a company shows revenue growth and positive earnings. They just diluted the stock Friday. Earn your money executive staff and board for goodness sakes. #$%$ is Alden getting more stock for? He is getting it because he must be controlling Hoby at this point. That is not a good sign...
Covered for the weekend. Profitable but not very satisfying. Short at 7.45 on May 14, out today May 16, at 7.25. Looked like the boyz were holding it up today; the bears couldn't get any traction. This and the market looks like it wants to bounce a little.
Wow Picker that one has got to be your biggest challenge yet. Technically what is there to see? A downtrend into the abyss? And for good reason....look at how much money they are losing quarter after quarter. Last quarter it traded at 70 cents a share and showed a quarterly loss of $2.19 per share. What are youuuu thinking?
You did get your test today, but, it's in a downtrend....it can just keep on falling....supply has already proved itself and it doesn't need any rhyme or reason to go down. I wouldn't give it anything. If it doesn't start working, I'd just get out. On the other hand, this could be the beginning of a trading range between 0.58 and 0.77. and you seem to have luck on your side with these fallen angels.
My PBR trade from a few months ago worked out really well... Anyways, I'm looking at a new name now.
NIHD (Wireless communication in latin american markets) could be another "Sprint" kinda story.
Normally, I play all stock via options, but when the stock PPS is itself priced like an option... Well you know :)
I've a nice sizable position @ 0.6 average. What do you think technically? I think today was the retest of low volume and with some positive news it might eventually close the gap from Feb-28th.
On the fundamental front no surprises, liquidity concerns and declining membership. The company has about about 2.4 B in cash and 5.8 B in debt.
81% (UBS with 14 M shares yet to report) as of Mar-31st. Nothing much would have changed since then as the volume has dried up. Black rock doubled down on the decline...
The only risk I see is that it holds just above the $7 strike for Op-ex. It pushed another lower low today, Thurs May 15, with what should be heavier daily volume, and trends don't end on increasing volume. The MM, UBSS, is a seller I think, with 50 lots sitting on the 6.95 bid all day and selling on the other side I'd venture.
The S&P is finally falling apart, the small caps are continuing their descent and the consumer discretionary spider, XLY, is sitting just above a break down line.
NIke divest part of Affiliates.
Nike backs Hurley
The U.S. Open. Shop-eat-surf file photo.By TIFFANY MONTGOMERY
Nike said today it is divesting two brands in its “other” business group and despite industry rumors, Hurley is not one of them.
The company will sell high-end footwear maker Cole Haan, which is acquired in 1998 and soccer brand Umbro, which it bought in 2008.
Nike said in a release it wants to focus on its highest potential opportunities – Nike, Jordan, Converse and Hurley.
Nike CEO Mark Parker said that the company sees “significant potential” in Jordan, Converse and Hurley, which have “unique relationships that complement the Nike brand,” he said.
The company is just launching the sale process and believes it will complete the divestiture of the two brands by May 31, 2013.
Two former industry executives are likely working on this news. Former Hurley CEO Roger Wyett is now President of Nike Affiliates and oversees Nike's "other" brands.
Hoby Darling, formerly of Volcom, joined Nike in 2011 to lead strategy and planning for Nike Affiliates.
PPR CEO Says Volcom Acquisition Shows Scope of Future Lifestyle Deals
By Andrew Roberts May 2, 2011 6:00 PM ET
PPR (PP) SA’s agreement to buy skate- and snowboarding clothier Volcom Inc. (VLCM) for $607.5 million is indicative of further acquisitions the company may make as it develops its sports and lifestyle division, Chief Executive Officer Francois-Henri Pinault said.
Jason Hodell is the Chief Financial Officer of Skullcandy. Mr. Hodell has over 15 years of experience in corporate finance, operations, technology, digital commerce, and turnarounds, having served in a number of leadership positions with both private and public companies. He joined Skullcandy directly from Shopzilla, one of the largest families of comparison shopping engines in global internet retailing, where he also served as Chief Financial Officer.
Prior to Shopzilla, Mr. Hodell was Chief Financial Officer and Chief Operating Officer of Move Networks, an internet protocol television technology pioneer, which was acquired by EchoStar Corporation. Earlier in his career, Mr. Hodell was Senior Director of Business Operations at Digex, a publicly-held managed IT services and complex web-hosting firm, now a division of Verizon Communications. In addition, at Digex he led the recapitalization and restructuring of the AVP pro beach volleyball tour and was later promoted to Chief Executive Officer. He was also a member of the technology investment banking group of JPMorgan and a portfolio manager with Plainview Capital.
In June 2005, Shopzilla was acquired by The E. W. Scripps Company for $525 million and was part of its interactive media division.
In June 2011, Scripps sold Shopzilla to strategic private equity Symphony Technology Group for $165M.
Good trade OP ! Was reading the 10k and looking up the characters. I never in a million years thought that Samsung would smoke budz, & Jay-Z may be a leach suckling off the corporate teat, but I decided to get flat for the weekend. Too much risk to turn a 142% gain into 70% loss. GLTA
Lessons From the Jay-Z Business Model
The nature of those rules was revealed in the spot’s final second, when the words SAMSUNG GALAXY flashed on the screen. Viewers were directed to a website, where they could make out—amid stylized redactions—directions that allowed Samsung users to download a free app, which would in turn give them the album five days ahead of its general release. Samsung paid $5 each for a million digital copies, assuring the album of platinum status before it even appeared, while also giving Jay-Z the benefit of free advertising. The Wall Street Journal valued the partnership at $20 million—a figure that shocked an industry battered by piracy and declining revenues.
Went short again this morning, May 14th, at $7.45. Currently trading at $7.23. Intraday it has established a trading range between 7.22 and 7.30 with springs down to 7.21. With supply in the background the springs should fail and the LOD should hit near 7.11.
On a daily basis could see $5.34 coming if the AB=CD plays out. A=8.94, B=6.72, C=7.58, then D=5.34.
The C-point, 7.58 was a 38.2% retracement of the A to B move. Since that seems to be all the bounce it could muster, good chance it will extend the full 100% down to 5.34. The volume to the downside today is looking good. Going to want to see some heavy volume when it comes down into the B-point at 6.72. If not, could build more cause in the trading range between 6.72 and 7.58.
Beats has inroads into Android phones as a music service. This opens the door for AAPL to cross into that market . There will be some buzz here with SKUL. ALWAYS sell on the news!!!
First of all congrats to all still holding SKUL stock! You have a great opportunity to play a Pop again. Apple is purchasing Beats for three reasons (all that SKUL has failed miserably at)
1) a dominant brand name (10x the popularity and loyalty of SKUL)
2) a streaming music service (20 million song catalog = Pandora)
3) strong presence in Chrysler and Fiat autos (which would allow AAPL to start migrating its technology into on board / in-dash control systems
The headphone business is totally not the play here by AAPL.
Hoby is o where near getting SKUL even close to a music experience (streaming) or into any partnership with a major auto manufacturer. They tried with Toyota and that was a dud.
This stock may get some play, but it will fall back into the 6's again soon and is a buy in the mid 5's (as a speculative play).
Good luck to all...