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Dick's Sporting Goods Inc. Message Board

  • walkets walkets Nov 6, 2003 11:22 AM Flag

    The fat little piggy is

    going to get slaughtered today and for the remainder of the year.

    If you haven't noticed, the tops are in the markets and DKS.

    Great news is being met with selling.

    A classic indicator that the trend is down.

    See you at $21.

    Suckers.

    imo

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    • "I believe the bald guy is actually Ron Insana..."

      Ron Insana, yeah...

      Probably right.

      Those names ring a bell. ;)

    • "So, conversely, if we experience deflation, these earnings would actuallly be better than past earnings, correct?"

      Yes...

      But in deflationary periods its very hard for companies to make good profits, profits tend to decline as pricing power declines.


      "Your thoughts on small caps, penny stocks during a market downturn?"

      I dont really know...often they get hit harder, as they are riskier than the solid, big blue chip companies. But it depends on what has been overvalued the most...

      Many of the penny stocks that have been speculation targets recently, and run up significantly, would go right back down again.

      There are of course small cap value stocks, and I would expect them to outperform in a decline (as value generally does when prieces are falling)

    • "Amazing at how the lemmings fell for what Maria Bartiromo or Sue Hererra or what the balding guy said (funny at how I remember the ladies, but forget the guys)"

      Is it Bob Pisani? I used to love watching CNBC, lol! Havent watched it in months now."

      I believe the bald guy is actually Ron Insana...

      Just love the fact they all end in a vowel...is CNBC mob run?

    • "However, those new earnings are not as good as the past earnings, becasue of inflation, and the interest you couldve earned on the money. So you have to 'discount' future earnings by a rate which depends on the inflation rate and interest rate."

      So, conversely, if we experience deflation, these earnings would actuallly be better than past earnings, correct?

      Your thoughts on small caps, penny stocks during a market downturn?

    • "Just want to clarify whether you are saying that 4% of that 7% came from dividends or that the market yielded 7% and dividends yielded 4%."

      Pretty sure that was 7% + 4%...

      But then you have to account for inflation.

      Of course, what it really looks like is it does nuch better in bull markets and much worse in bears...but buy and hold for the last century is 7%



      "I do not agree that the market has a "severe sell off" in the near future. Minor corrections/pullbacks/profit taking, yes, major drop (sounds like you think we'll see Dow 6,000) don't think so."

      Not many believe it...and certainly I might be wrong. If I am, hopefully my silver and gold mining stocks will make up for it. But sine I believe its coming, I want to be in areas that wll perform well in a downturn.


      "Face it, we live in a "gambling" society, and most don't have the discipline to sit on cash during a downturn, many will look to small caps to satisfy their "needs"."


      I know, I am speculating in junior silver mining companies. ;)
      I just think they are undervalued...

    • I hear that! Looks like islandwalk is back. This guy is fucking hilarious! Changes his story more than he changes his shorts. Gotta work for somebody.

      Still doing well with some pennies. OPLO has formed a nice base and is due for a pop. DBBD has doubled in the past week.

    • Max,

      Humanities 101 would be more appropriate. The way he writes it sounds like the cookiemonster has a PhD in conceit.

      Matrix

    • Ethics...sounds like a good class for you Val...

    • Lesson to be learned here Val. Alex takes the humble approach, you take the high and mighty road. Difference...folks will "talk" to Alex, they will not talk to you.

      You are still an ass.

    • Alex- wish I had more time today to dive into this, heading out of town tomorrow and need to get some things done.

      Couple of quick things...

      "the market has yielded an average of a 7% gain, with 4% coming from dividend yields"....

      Just want to clarify whether you are saying that 4% of that 7% came from dividends or that the market yielded 7% and dividends yielded 4%.

      I do believe there can be some bargains had at years end, lots of folks have seen nice gains and will be needing to sell off some of the few losers they own for tax purposes. This will drive the "loser" stocks even lower, thus creating opportunities to pick up beaten stocks even cheaper.

      I do not agree that the market has a "severe sell off" in the near future. Minor corrections/pullbacks/profit taking, yes, major drop (sounds like you think we'll see Dow 6,000) don't think so.

      Now with that said, I will be careful moving forward. I have no problem heading for the exits if I get "nervous". I also believe there are opportunities to find some hidden gem small caps/penny stocks, if there were to be an overcorrection.

      Face it, we live in a "gambling" society, and most don't have the discipline to sit on cash during a downturn, many will look to small caps to satisfy their "needs".

      Always a pleasure.

      Max

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DKS
57.08Mar 26 4:01 PMEDT