I was really surprised by the sales
because the company was trying to bring
I thought same store sales would be in
single digits not the teens.
I think this shows the
market that this
company knows its market and how to
under difficult conditions
Tend to really take off when conditions improve.
Either somebody is cooking the books, or this is another
GAP in the making. I'm betting on the latter, I plan
to hold all the shares I can afford to accumulate
for a good long while...
And this is coming
from a guy who get's antsy to sell whenever he sees a
quarter point or more gain to be realised. I've been in
and out of this stock 5 times since it was last 16,
when I first bought in, and I could have made more
just by holding on to each and every share I'd
Sure, I'll sell if it gets WAY ahead of itself too fast
(like too high price to sales or price to earnings
ratios), but only because I know there'll be a correction
and I can get back in cheaper. Long term, I'm
beginning to view this as my money market account...
Shorts have been having a field day this season
after earning are announced, cause everyone is so
nervous about the market.
Either they play games
in after hours/before hours market trades, and spook
everybody into thinking that, on the day of the earnings
release, the company fell short of expectations and is
headed down(as they tried to do with Cisco this time
around), - or - they collude to manipulate the price way
down for 5 minutes at the start of a day, a day or two
after the stock price rises, to trigger all the stop
loss trades and pick up shares cheap. That happened
with Acclaim today.
So, don't panic if there's
a short term sell-off after earnings are announced,
and don't use automatic stop losses with your on-line
broker. If you really are in it for the short-term and
don't want to risk loosing your profits, put in a GTC
limit order to sell while it's up! Also, MM's waited a
full week after earnings were released to digest the
news and come to a decision in the case of Acclaim, so
don't be surprised by a slow response to the news here,
if it is as good as you hope.
You can read
the details if you're more interested, on the Acclaim
board, posted Thursday (today). Just a friendly warning
from someone who got a bit singed, but not
This stock was at 40 before the money managers decided
the sky was falling. It probably had gotten a bit
ahead of itself then. But most stocks whose fundamental
earnings did not get beaten down by the asian problems
have mostly recovered their value, I wouldn't be a bit
surprised to see it back around 30 in a couple more months,
as Christmas numbers begin to be
Good luck to the longs! It's fun to see the shorts
scramble for cover!
With the announcement today, you know that
revenues are up 21.6% for the quarter or $96.7 million.
Last year the profit margin was about 10%. To get to
$0.51 the profit margin needs to have gone up to 11.6%.
And call it .50 That puts BKE well on track to
make $1.50 for the year. Multiply in a conservative
20x PE, and I get near $30 as fair value for this
stock. There are 4 more trading days till earning are
released (I assume they'll come out in the
That means another point/day rise next week. Somebody
I note there is very little short
interest in the stock, looks like the bears aren't
convinced it's peaked, either.
No more trading in
and out for me, I'm taking this elevator to the top
Good Luck to all.
My broker offers a number of unique options.
Besides the normal limit and market orders, they offer
the forward 52 week high sell limit, forward 52 week
low buy limit, intra-day high sell limit, intra-day
low buy limit, and of course the highly useful
bull-run limit, which can be used to insure you don't get
off till the top floor!.
Ok, more than a $1, like 1 3/8ths. 6 up days in a
row, any side bets we can make it 7? 8?
Elevator ride getting a little bumpy, running into some
Wonder what this stock could
do when the S&P or DOW are up?
Sure is quiet
Although I have not used this thread before, I
think now is as good as time as any. I have owned BKE
three times previous. All have been good. I just got
out today and will be ready to get back in should
stock dip on profit taking. This has been its course
recently. Additionally, seems when ever it get above 19 PE
some smart analyst downgrades, only to be proven wrong
by the numbers. BKE is a well-run and efficient
company. With no debt it is directly insultated by any FED
move. This company just makes money. By the way, I live
in Kearney....so I might be somewhat prejudice. Good
Well, I am hoping that the movement will continue
this week as earnings are coming out on Friday. I
jumped in today at 25 1/2 and plan to see on Thursday
(or sooner if it looks like it is going to tank). I
wouldn't be surprised to see this one continue right on
past earnings into the 30s, though. Even though I am
getting out, my wife is a long-time holder of this