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Raymond James Financial, Inc. Message Board

  • razzledazzle5050 razzledazzle5050 Apr 19, 2005 7:59 AM Flag

    The Close

    I'm short RJF but I didn't like the close. Somehow the CEO on CNBC made the earnings sound like they were just fine. Tough comparisons and one less week to achieve the results! DAH! Like they didn't know b/4 the Q that there was one less week? THEY MISSED!
    Still spooked by the close. I'm not looking for $25 but would be happy to see it.

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    • This aint the one to short boys! This stock is tightly held and thinly traded. Very little institutional ownership and thus not a big mover after earnings announcments be they good, bad, or in between. You do have to love the way Tom talks about earnings though, the man is a genious in so many ways! My theory is that 99% of outstanding shares are owned within 50 miles of the Home office...

    • You shouldn't be concerned -- that downard volatility was rather clear -- also, Marketwatch put out the wrong headline for the earnings & didn't fix it until after the close , it said that RJF increased earnings by 19%, not decreased. This thing missed big time, and the current market tortures companies that do this --- CEO was babbling nonsense , I heard it on CNBC ; he also was quoted saying "I expect continued (market) volatility for the rest of the year," he added. Which essentially mean, we will most likely be missing earnings significantly but we'll blame it on the markets. The is a slow mover, but it actually broke 1 million yesterday which is a feat for this stock, and all on selling volume. This will sell of big time, and $24-$25 is almost guaranteed pretty quickly, IMO. Otherwise there is some really shady stuff going in with the trading of this stock. This is the biggest miss I've seen in a long time --- other stocks would be down 20% in one day on bad news like this.

 
RJF
55.70-0.37(-0.66%)Sep 19 4:05 PMEDT

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