I think the answer is that he realizes that most of the posters on the board are longs. So the constant reminder that the stock price is dropping is akin to hearing someone tell you daily that you need to lose weight. In both cases, while the message is true, it's generally acknowledged that it takes a certain type of knucklehead to seemingly take pleasure in making the announcement. Add to that the fact that he spends a large amount of time on this message board and you have the recipe for why folks might not view him in a favorable light. Note that virtually every message board has at least one gasman.
The expected price of oil, the quarterly report and guidance, the stock downgrades, etc. From this point on, it's just piling on. You know when Cramer chimes in that the contrarian meter is at a peak. And so the stock is priced accordingly. We go up from here ! HOP got in at 27.13 near the end of today's trading, and looking for a quick 10% return. Interestingly, it was a year ago right after RIG announced their dividend that the stock price decline began. It was $51 in Nov 13 2013, and never got higher than that.
The dividend announcement is out. ZUG, SWITZERLAND-November 4, 2014-Transocean Ltd. (RIG) (RIGN.VX) today announced the schedule for the payment of the third installment of its U.S. dollar-denominated dividend. The installment is $0.75 per share, totaling approximately $272 million based upon the number of currently outstanding shares
NEW YORK (TheStreet) -- Michael Kors (KORS) , Mattel (MAT) , Chesapeake Energy (CHK) and Transocean (RIG) were among the list of 15 worst-performing stocks in the S&P 500 last quarter. HOP
goskiing99 - I detect some healthy sarcasm in your post, indicating you're well aware of this phenomena. The best paper on this topic can be found by using your favorite search engine : "Window Dressing in Mutual Funds" by Vikas Agarwal, et. al.
OK, the books are not fixed. Thankfully, the quarter is over and tomorrow we turn the corner. HOP
The other key parameter is the Dollar/Yen exchange rate. On Jan 6, it stood at 104.8. On April 14, it was 101.6. And, on June 6, it was 102.5.
Let's take a look at three key points in time in order to draw some conclusions, shall we? The first point will be the 2014 open, the second will be the Nikkei low for the year, and the third will be the most recent close. On Jan 6, the Nikkei closed at 15909, and DXJ closed at 49.44. The Nikkei low for the year occurred on April 14, when it closed at 13910; the DXJ closed at 45.46. And, last Friday (June 6), the Nikkei was on the rise closing at 15077, and the DXJ closed at 48.97. So, if we compare the return from the beginning of the year to the low point of the year, the Nikkei was down 12.6% while DXJ fell only 8.0%. If we compare the return from the beginning of the year to yesterday's close, the Nikkei has fallen 5.2% while the DXJ has fallen only 1.0%. If we want to look at a time when the Nikkei was rising, then lets compare the return for the period from the low point of the year to yesterday's close: in this case, the Nikkei is up 8.4% while DXJ is up 7.7%. So, from just this information alone, you would conclude that DXJ has performed much better than the Nikkei index when the NIkkei was falling and almost as well when the Nikkei was rising. Not bad, DXJ ! HOP
I just learned a whole lot by reading the summary prospectus. In a nutshell, the (-1x) factor works on a day-to-day basis. But over a longer period of time, for a variety of reasons, the correlation factor varies wildly. The volatility of the T-Notes has a dramatic impact on the fund return.
RTPIX is suppose to provide returns that correspond to the inverse (-1x) of the daily price movement of the most recently issued 10-Year U.S. Treasury Note. When I compare 10 Year Notes movement with RTPIX, I see that they are correlated but not by the -1x factor. For example, the 10 Year Note on 1/2/14 was 3.92 and RTPIX was at 18.30. As of 5/28/14, the 10 Year Note was 3.29 (down 16%) but RTPIX was at 17.05 (down only 7%. Even factoring in the funds fees, it is difficult to understand how they can claim they are -1x correlated. If that were the case, RTPIX should be down ~16% as well. Does anyone have an explanation for this?