Very few of these main voters of Dem. Party, contribute anything of value to USA. Probably less than 30% of 0bama's people pay any income taxes to USA. And 2/3s that do are Govern. Workers, its really just a rebate of part of their income back to USA... they don't produce anything for the country.
A. a deliberately split-family, where Tamisha collects $40,000 a year of Section VIII Housing and Utility Vouchers, collects Welfare for her kids with $600 bonus-checks per month for each kid that is "special ed, #$%$, crack baby or whatever", food-stamps, free Obama-phones, and of course MEDICAID (free med. care for illegals women and 70% of Sharpton's people off taxpayers' backs). B. Her hidden husband is an illegal drugs seller or top dealer, in his modified BMW, and he pulls in $4000 a week selling Drugs, call that $200,000 a year. THIS IS THE DEM's 0BAMA's NEW MIDDLE CLASS, PULLING DOWN OVER $200,000 a YEAR IN ILLEGAL ACTIVITIES THE GUY, AND GUB'MENT BENEFITS FOR THESE FORMER SHARE-CROPPER FAMILIES FROM THE SOUTH, THAT MOVED NORTH IN late 1960s to COLLECT WELFARE AND DO MONEY-MAKING CRIMES (like Malcolm X, who was in jail at first for pimping out black women and selling drugs, before he converted to Islam and became Malcolm X)
Your guess is as good as mine. I shorted a small portion of my Apple Shares at $119. Covered at $110, happy to say. Then sold $112 call against same small portion of shares. Mostly I am holding for $120 and above, since blow-out Quarter coming.
Is that crazy anti-Semite sitting in his basement in Calif. again, that Dardalene once warned the Apple Board about?
that's 20,000 shs. of QQQ may be put to me at $102. I probably shouldn't have done it. Should have looked for another secure reasonable growth company, dominant in its premium higher priced part of SmartPhone segment, to buy stock in. Instead of taking big risk selling QQQ Puts, even though they are only good thru Friday close.
You people know me from the AAPL board since 2010. Will I survive till Friday Close, when I will be off hook for having sold 200 QQQ Puts at $102. To buy the shares would require over $2 mn. Question, will the Nasdaq and Stock Market keep plunging, or overdue for a big bounce up tomorrow?
First they knocked it down from $555 to $545 while putting in their short positions, FRONT RUNNING ahead of knowing BofA Merrill would put out a downgrade. Then came the Downgrade, it got on the news and they Panicked the Sheep. Made their money, and will do it again. Now as more sheep sell, they'll be buying, and then spike it up and "rinse and repeat cycle" to the sheep.
the lesson is I should have closed out my Short position at $112, I tried, but it sprang back too fast. I have both long and short positions.
Bozos has been pulling one of the longest Running Ponzi Schemes. He owns part of Business Insider online paper, and also part of Washington Post... so Amazon always gets GOOD PRESS.
Buying Sales, by cutting prices below where you make a profit, is not making a sale. You make a sale when you make money off the customer, not the other way round. Losing money on sales, and losing more money the more you sell, results in such as Amazon's -$1.8 billion hit to retained earnings this past year. If they were Apple with $100 billion plus stash, that's one thing. Amazon's down to its last few billion capital, before Bankruptcy Chapt. 11 will be necessary if it continues to lose money and burn thru its dwindling capital (and unless they can do a PIPE Financing' to get more capital).
If there are 4 gas stations in town, and I cut my prices 50 cents/gal. below everyone else's, I will get most of the sales. But if my profit margin was only 60 cents/gal. and I must pay the gasoline pumpers and my property taxes and other costs, I will lose money. Amazon is continuing to try and gain sales by losing money... which can't go on considering their total Retained Earnings / Capital has now fallen under $4 billion, or less than Apple makes in 1 month.
Read news under IBM. Big European Bank is using IBM, for Cloud Storage and Services. Not Amazon (blow out fire-phones 70% off and knock Retained Earnings down more), Bozos.
Did you see 6 Press Releases this morn. about "Amazon Fire Phone Sales (units sales) up 3X.... and it neglects to point out they are blowing out old inventory of written down Fire Phones that couldn't compete with Apple... so they cut the price 70%". In other words, its big losses to Amazon, losing money on each fire phone sold. Amazon, down to its last $3 billion of capital.... after -$1.8 billion hit to retained earnings in last 12 months.
when it cut price 70% on its deficient premium phones that couldn't compete with Apple, and soon quit the business. But it had 3X Unit Volume Increase blowing out at Fire-Sale Prices. Same as Amazon is now doing with its Fire-Phones.
They are growing their market share in the Online Selling segment. No-one can dispute that, bottom line. WalMart used to ignore online sales, but not anymore. And they've got real deep pockets, including the Walton Family has $150 billion, more networth than Bozos, the Rockefellers and Bill Gates put together.
Other "Spin News" by Amazon. to try and drum up more sales on Cyber Monday... includes that its UK subsidiary Amazon (UK) had big sales increases. Well what about the whole company including USA where Amazon must compete with WalMart and Target Corp's new Online Divisions? Increased competition by WalMart and Target against weak-capital Amazon, is forcing Amazon to lower prices to where it never makes any money.
Amazon has just done a PR News Release that sales of its Fire Phone are up 3X vs. Black Friday prior year. What they neglect to point out, is they had to cut the price over 60% down to less than 1/3rd what Apple sells premium phones for, and Amazon TOOK A $170 MILLION WRITE-DOWN ON ITS FIRE-PHONE INVENTORY LAST QUARTER, to do the Fire-Sale Blowout of its premium phones that can't compete at a premium price. So if you have 3X the unit-volume sold, but at 70% markdown in price, its NOT a SUCCESS. Its just blowing out deficient inventory at fire-sale prices, and Amazon took the write-off.
Other News i think are reporting Online Sales were Up. But many stores started doing online sakes in a bug way. Such as WalMart, Target.... so their online sales up alot and took away from regular Target, Sears or WalMart sales.
Yep the Economy may roll over.... n too much optimism in stocks. Should I sell even a quality money earning stock like APPLE?