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PCTEL, Inc. Message Board

  • bodybag2006 bodybag2006 Jul 18, 2013 11:24 PM Flag

    The market in general has a lot of Insider Selling

    but not a lot of buying...FWIW.

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    • I would concur on both counts-can't find any insider buying on the stocks I follow. Even if I did, I think this market is operating on "fumes". Sales and earnings growth are miniscule, investors are paying absurdly high PEs for them-worldwide QE Ponzi scheme.

      • 1 Reply to commandor58
      • Another example of goofyness. GE's revenues were down 4% Y/Y and Operating income was down 5% Y/Y-that is not progress in my book. Why is the "market" taking up its PE. Alot of the banks this week reported: lower revenue, lower net interest income, lower net interest margin and negligible loan growth-yet their stocks were up on "good" earnings. It is all #$%$-the "public" is being duped.

        Also, starting to read consistent reporting of the job switch from full-time to part-time and that year-to-date full-time job growth has been lackluster. The "market" doesn't care, but it will have to. The NRF (National Retail Federation) came out with their back-to-school sales estimate in recent days. They are predicting a 12% y/y decline for K-12, college will be down 16%. Bottom line, industrial is weak, tech is weak , retail will be weak, Europe is weak and China is weak. Why are people bidding up PE ratios? Answer: they are nuts.

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