ezpecially ven you lik my yayas....oh oh oh dont
stop round my butthole....yes YANI, let your tongue
roam where it may....oh now GO GO GO take it all the
way in....oh za za za sa sa see my yayas on your
chin....you are one good chrysalis...MMMmmmmmmmm ... go to
the moon yabababab..... talk dirty to me --- scream
to me Cendant sucks like a Yani with a 10" engorged
sausage in front of him. Lickity split those lips of
yanis...wowowowowowoow away I go and here ze cums to you Yani. What ze
good little puppy man....lappity it all up...not waste
a drop.....owowowoow ze ze ze
I love you so
much man. Keep yup ze good vork and Daddy buy yu new
vibrator for your short ass. Piece of advice, don't bring
a knife to a gun fight.
There are a couple of real SCUMBAGS that are
getting on my nerves....OPTS....who the hell is this
guy??? been here 2 weeks and my guess he is just a
PUNK...some day he'll get his ass kicked...or maybe he was
BEATEN as a child.....I Don't care what people believe
or don not believe.......Things are as they are????
right........CASH FLOW IS GOOD, Earnings are Good, Less stock
outstanding, Sold off businesses that do not fit our CORE,
CREDIBILITY is and will be further enhanced by WEDNESDAY, BY
cash flow alone we ought to be trading at $28-32
range.....even if our Growth rate was half of what it is
projected to be???Can never project what the MARKET is
going to do Tomorrrow but, add all of the above plus
THE STREET upgrades and we have the makings of a BLOW
OFF for CD!!!!!Still looking at the following:
by end of AUGUST
$30 by january 2000
suits are resolved...don't see above $30 til this
unless EARNINGS growth rate BLOWS us
OPTS if you read this you are PUNK!
This evening and look at the HAMMERING I am
taking for my post to TINCUP.....No lies, no CRAP, I
tell it like it is! You guys know it....Yes i am
loaded up but this is not my only holding......Less than
1/4 of total investment holdings
But lets forget
that for now.......What I do with my time is my
business......Watch CNBC, Research and read while I'm
WATCHING/LISTENING To the TV.......I Believe when you DO the proper
research and BELIEVE in the company and its FUTURE you
take a substantial position!!! and continue to ADD to
it when others FAIL to see the same things you do
......THEY WILL EVENTUALLY if you are CORRECT.....AND IN
THIS CASE I AM and have been correct.......The others
have had their vision clouded a little longer than
some of us........NOW they are JUMPING on the
BANDWAGON!!!!! Is that not how you make MONEY???? SEE something
before Others do and CAPITALIZE ON IT........THE
AMERICAN DREAM< CAPITALISM!!!!!!!!!!Read all of my
posts from the last YEAR.....I trade a little and BUY a
LOT!!!! No BULLsh*t here but there seems to be a BUNCH
from the SHORTS and those who are relatively new at
INVESTING......Think what you want, believe waht you want, ........but
the facts are I have made a LOT on this stock and as
I have said before.......THIS IS JUST THE
That is something I had not considered... but I
find it unlikely.
Trades are not posted until
executed, and once executed, they are posted immediately to
the system. That much I know.
So in theory,
someone could have put in a buy request at the time the
stock was around $22 5/8 and it got misplaced and not
executed until later. But if this happened, the trader
does not go back and say "Oh my, when this was
actually requested at 1 pm the stock was at a much higher
price... let me give the investor that price. No way.
It would get executed and posted at the market price
when the guy finally got around to executing it. And
there is no such thing as a misplaced posting - it is
automatic / computerized upon execution.
say "time order" there is no such thing as far as I
am aware that an investor can put in an order that
says "buy CD at 2:12 EDT at whatever the price is at
that moment", and that the broker can just have such
requests pile up, and then at 4:00 say "Oh, never
fulfilled that one... let me see what the price was at
2:12". No way. Bad for the investor, bad for the trader.
What if the stock announced a merger and jumped 10
points while the "time order" was "mislaid". The broker
would get creamed.
CD Fair Value 28.00
Barbara Marcin, Gabelli Asset Management
Marcin has been a "Wall $treet Week With Louis Rukeyser"
panelist since 1996. She is a mutual fund manager for
Gabelli Asset Management, which she joined in 1999. She
has also worked for Fiduciary Trust and Citibank.
Martin Zweig (Zweig Funds)> In this environment are
there some stocks you like.
Barbara Marcin >
Yes there are, CENDANT (NYSE:CD) which was formed by
the merger of HFS & CUC. Has really been through a
ringer last year. They had discovered stiff improper
They have very important
properties like Avis, Cold Well Banker.
They have tremendous cash flow, and the recovery is
not reflected in the stock price.
Corporation NYSE Symbol CD �In S&P 500 11-JUL-99
Services (Commercial & Consumer) Summary: This major
provider of consumer and business services was known as
CUC International prior to a December 1997 stock-swap
merger with HFS Inc.
Recent Price 20.63..52 Wk
Range 22.56 - 6.50 Yield Nil..12-Mo. P/E 24.6
Quantitative Evaluation: Outlook (1 Lowest - 5 Highest)
Fair Value 28.00
1999, we look for revenue to be up 16%, to about $5.9
billion. However, CD's expected divestiture of
non-strategic businesses could cause this projection to be
changed. Before unusual items, we estimate operating cash
flow (EBITDA) growth of 24%, to $1.9 billion.
Including about $360 million of non-cash
depreciation/amortization, and roughly $200 million of net interest expense,
net income is expected to reach $880 million, or
$1.05 a share. Excluding a variety of non-recurring or
unusual items, this compares to about $705 million, or
$0.80 a share, for 1998, including some businesses that
may be divested in 1999. In September 1998, the
company restated its earnings for 1995-97, including an
adverse impact of $0.26 a share on 1997 results, related
to what CD termed accounting irregularities and
errors. Directors have authorized a $1.6 billion stock
Many time orders are logged out of sequence....
prices don't have to correlate to bid/ask.
did hit 22 5/8... then that order was simply logged
out of sequence. like maybe it was sitting on
somebody's desk or was incorrect and then corrected or what
not. Nobody has to buy or sell anything to paint the
You also have to remember that specialist are making
a market like nasd MM but are working on a
I don't claim to be an expert in this area (like
some people on this board who are millionaires and
experts at everything). I will try to find out from
people I know on the Street.
I am familiar with
Tape Painting as follows:
If for some reason
the market maker or other market forces want a stock
price to appear higher, they can arrange to purchase a
small amount of shares at a price higher than the true
Of course the player has to be powerful enough to
influence the market maker, or be in cahoots with the
market maker. If a stock is at $22 and you put in a buy
order at $24, of normally they will give it to you at
$22 (or say $22 1/4 to be greedy).
If a buy order
is put in higher than market price you get it "at
the market". This is a law to prevent brokers from
ripping you off. Still happens in maybe 1/8 increments,
The trader is not supposed to sell you shares at a
higher price even if you ask, BUT, if someone tells him
"No, I REALLY want to pay $24!" he "can" make it so.
Hence the last trade of the day goes off at $24 and the
stock "closes" at $24.
Normally, the text day,
the real market ebb and flow returns the stock to a
proper valuation. Stock opens down.
Why not paint
the tape to say... $40? Uh uh. It has to be
reasonable / defendable from the trader's point of view.
Because it is illegal. A huge gap the SEC would
investigate, and the guy would have no defense. So most tape
painting is of the less-than-$0.50 variety.
tape paint? I can't say for sure. Influence the sheep
in the market to maintain the higher price on the
open next day? Stock option expiry?
I guess I
don't know because it does not influence the small
investor like myself. Usually tape painting is an
after-hours phenomenon, and like someone else on this board
said "Sure the close is $22 5/8 for CD today, but just
try selling your shares at that price".
already checked. If you as a small investor wanted to
sell your CD shares Friday after the close, they were
offereing $21 3/4 - 7/8. Credit tape painting for the other
3/4 on the close -which is a surprising gap up.
Someone could get in trouble for it unless they have a
VERY good explanation why that trade was made at that
price, in small volume after the close. But this
probably happens 200 times a day on various stocks, the
SEC cannot investigate them all.
and have been long the stock since shortly after
it tanked last year. I have a modest position, (now
15% of my portfolio), which I added to after the
auction announcement. We (longs) should expect two
First: the share price should
Second: as it does, posts from all the losers, (yani,
et.al) will decrease :)
Best regards to all...