Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
* Acorn International Inc (NYSE: ATV - News)
* Bally Technologies Inc (NYSE: BYI - News)
* The Buckle Inc (NYSE: BKE - News)
* Burger King Holdings Inc (NYSE: BKC - News)
* Capstead Mortgage Corp (NYSE: CMO - News)
Wonder why...Maybe because it's crap.
time for some "October Angst" maybe, thanks to GE, banks? talking macro-market, not so much value metrics like BKE. I never expect to get thru October w/o some pain.... (running late this year I'd say)
(ps, pain = buy ops, unless double dip resurfaces)
things like bke, wag, hpt, I don't loose sleep over. maybe watchful is a better word than cautious, dow 7500 ain't in the cards, except for disasters I'd guess we're a dow 10K market for a few years yet. good lucks!
You don't have to be too cautious when you own good companies. Even if the Dow tanked to 7500 I wouldn't be worried about owning BKE. This will see 35+ after Q3 numbers come out. 42-45 next year.
wise opinion I would say, makes me nervous watching the Fed pushing on a string. (I've been nervous since Reagan 3Xed the natl debt in 8 years). Still recessions come and go, liquidity, Ponzi schemes, It's Never Different This Time (unless it is)..... (strong Oct / Q4 market would hint that they've been able to reflate again, but Oct aint close to over, Very cautious)
Yeah, how do you like the new contrary thinking? Bad jobs report, higher unemployment, the market goes up. The street is looking for more fiscal infusion and quantitative easing, so bad news is good news. If the jobs report was good news, the good news would have been bad for the market. Are we confused yet? Let's not do what's good for the country. Let's keep people out of work and make the dollar worthless, and the market will be happy, for a minute. Until the next calamity is created by the MM's. That's why I take my profits and go in and out as often as possible. It's much like my favorite team, which is the one that covers the spread. I know that's kind of dark and cynical, but a reality I'm afraid. JMO.
so +64K private and -153K public jobs, not many of bke's customers, BUT not the rosy macro that might trump typical lousy Q4 market behavior. AA better, maybe all just semi typical late recession stuff, see how they spin it. (and just maybe nothing is typical anymore?)
haven't read more than the headline yet, but this -95K on jobs might get our typical Oct/Q4 dump started, dow 9500?, who knows? econ is not exactly out of the woods but rates are sure low.
don't blame the traders a bit for locking a great 1 year return in a few days....
I'll take a look at your KNDL. It's too bad TRLG doesn't give chain store sales numbers. It cost them ground in stock price. I sold 2000 shrs on 10/5, and took a $175 loss. It's 54 cents lower today then when I sold Tuesday. I like the momentum swings that TRLG used to have intraday. A real chance to pick up 50-80 cents on a 1000 or 2000 shares. Makes for a pretty good day. I did it to free up the money for BKE. BKE had an awesome day today.. I hope it holds strong for you longs. This was always a great board.