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Symantec Corporation Message Board

  • long_term_tech_investor long_term_tech_investor Nov 7, 2012 12:56 AM Flag

    Election Outcome Not Favorable to Symantec

    Some forum members may have noticed that I've tried to keep the warning flag flying recently with the shares at the current over-inflated levels the last few weeks, but have backed off saying much beyond that. This was by intent because I had hoped there may have been a temporary Romney rally to be taken advantage of, possibly even adding further baseline support. However, this obviously is not happening given the outcome of tonight's events. SO....we have some concerns that investors need to now be aware of, which are now important given the very real risk to the shares with potential downside volatility.

    First, there is going to be four more years of gridlock in congress, more spending and borrowing, and very possibly another recession. At a minimum a very slow and anemic recovery is now very likely. Not just in the US but around areas of the world. One potential positive is the perception of the Fed keeping QE3.x flowing, but that has really been largely baked into the markets and may actually have unexpected side effects. Worst of all there is the fiscal cliff, and the possibility of further downgrades of the US, and huge tax increases that are already law and going into effect January 1. Cap gains tax increasing 25% (to a rate of 19%) due to fine print in Obamacare, and then the possibility of huge additional increases to cap gains and dividends depending on what agreements are reached or not in fiscal cliff negotiations and future policy.

    Point being, while the election is over and uncertainty is now lifted, the outcome is not something that is going to exactly bode well for international companies who's stock is on the high end of their range (or over-inflated trading on hope & speculation like Symantec currently is).

    So investors need to take all these things into consideration, do your own homework and be prepared to make sound investing and planning decisions.

    Good luck,

    LT

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