These marginal clients will go to a preparer that will file them with free online software and will have the address as his own, so he/she can collect a $500 fee.
I also predict a lower average refund due to IRS scaring the preparers with penalties.
Buy a put on S&P next month. This economy is in austerity mode.
With the EIC penalty of 500@ return..we will experience a 10-20% loss of those clients.(good riddance)
HRB may also lose a nice percentage. Add to that the delay of big returns. add to that the smaller paychecks of all workers resulting in them being fiscally smarter.
I know they have to go somewhere, but as i travel the 5 miles to work , i see a dozen pop up tax "offices",
for all we know they may have no efins and file thru free software or at low cost ..they will escape the eitc,sch c scrutiny.heck they wont need a ptin even.
Discounting in the past for me resulted in many crabbby cheap people...6 out of 10 were let go by me in the at future.
once i realized the mix up of ex-div date.
3.32 is low for now it should get to 3.40 to 3.46 by next week.
Had to buy more shares though.
Something tells me to hold after div payout..can't believe this stock will stay at 2.33 to 2.46 price point.
Anyone know the answer?
I own 2000 shares and wrote 10 nov 11 calls and 10 dec 12 calls..normally the stock is called away and I lose div but get any premium in the call.
Well today the 30th was exdiv but mkt was closed...so what happens? Do I luck out, keep div and still own the options? Or will they pull strings and take my div?
Wellll maybe the money is for buying out mom and pop locations.
I've received 6 letters of offers from HRB...the last one said..extra cash if you act now.
I didn't act.
But many will
Just looked at chart of ccne...it's barely above the 100 dma
That's better than vly for sure.
I will watch it for a few days and decide.
ccne ? I will look into it in more detail..Whats the right entry point?
Maybe i will lay off my plans on vly and look at ccne.
Is VLY a buy down here?
What's wrong with getting 6% while waiting for economy to improve?
Sure it can go lower, but the yield will support it at $9 or higher.
What am i missing?
Quantitative easing will keep us awash in more dollars..good for banks.
Nah..gonna circle it till it seems vulnerable.
Enjoy your days in the sun.
btw: whenever i get spam from lnkd..to discontinue the emails i have to go to lnkd and log in and then i'm free....but it's been yrs since i logged in and have forgotten psswd etc..
Wonder if visits to stop emails are counted as "visitors"
now that would be a scam.
Investors are what we will call people who did not get out.
In reality this is a horserace..every day wagers are made.
We even have racing terms like..
This one has room to run.
This one has legs.
The stock broke down.
We even have a starting bell.
We have inquiries as well.
Seriously..gamblers are gamblers and its their lot to lose eventually.
But there are dark forces that manipulate stocks, and they play to win.
They even juice up the stock with planted stories,they hype it up and ship it out to a greedy public with blinders on.
This is the stock markets real nature for us hunters.
The farmers that plant money well and wait for the seasons do better.
but they are not exciting..life is short.
As i said before, better to make money than try to guess the top.
Wait for the market to telegraph the sell signal.
I await the first huge fund to sell all its holdings, then wait for the rebound (dead ___ bounce) then short with 20% of your final position
only after a 10% affirmation do you send in another 20% etc.
LNKD may be a $30 stock in 2 yrs if its true that they have no prospects of good earnings.
Hmm Have been watching the LNKD show for a while.
Bulls have eaten Bears lunch so far, but i gotta believe that the next mkt downturn of -10% will wreak havok with LNKD...waiting patiently for a spot to short. The signal will be in high volume on a reversal or earnings day.
Until then enjoy the ride.
I have blocked all emails from LNKD..bothersome imo as in porn or viagra emails.
I don't want affiliations..."so and so wants to link with you"..what garbage...
Linked in is a resume posting play..thats it!!
But i already have a job...so go away..
I dont short the stock cause i dont care!!.
FYI...i have apple tv,ipad,ipod,iphone....use windows,adobe etc
I google every day twice on tuesdays..so i am savvy to tech but not to drechh
We see inside buying by Perlmutter 2500 shares at 10.63-10.66 on 11-10 and 11-14
Admittedly it's a small purchase but, it's a positive sign.
There have been a few 10,000 share blocks interspersed the last few sessions at near ask price.
Watch volume for more clues.