What about Hindenburg Omens? How many of those have appeared over the last few years?
@ By Brett Arends Published: Aug 13, 2015 12:56 p.m. ET I call B.S. on the “death cross” bearish stock market omen. So the 50-day moving average of the Dow Jones Industrial Average DJIA, +1.60% is below its 200-day moving average. So what? All that means is that stock prices in the past 10 weeks have been lower than they were in the previous 30. Big deal. There was a death cross in 2011. Stocks went up. There was a death cross in 2010. Stocks went up. There was a death cross in 2004. Stocks went up that time too. After people started talking about the death cross this week, I looked at all the data for the Dow going back to 1900. On at least 27 occasions a death cross failed to indicate any correction at all. In most of these cases the stock market promptly went up. Some instances were particularly egregious. The death cross in December 1914 got you out of the stock market just before it went up 80%. And in 1929 the death cross was triggered in November — after the infamous crash was over, and just before shares started rallying. This technical indicator, like most others, is just hocus-pocus, based on the selective use of data and some bad logic. Almost every major bear market sees a death cross, usually early on. That’s just math. By definition, a period of falling stock prices means recent levels will be below those from six or nine months ago. But just because a bear market causes a death cross doesn’t mean a death cross causes, or even indicates, a bear market.
So the Congress summer break is over and still no announcement on KXL So much for this senator's 'sources' huh...
Put up or shut up. We'll know their intentions by Sept 14.
@09/03/2015 | 03:27am LONDON (Alliance News) - The Middleby Corp on Thursday noted the announcement by the UK Takeover Panel to put a deadline on Whirlpool Corp's potential rival takeover bid for AGA Rangemaster Group PLC, saying its own bid remains on track and asking AGA shareholders to question why Whirlpool had made its offer. AGA agreed to a GBP129.0 million takeover offer from Middleby back in July and that deal has been progressing towards completion, with AGA Rangemaster and Middleby shareholders both set to vote on approving the deal next week. On Tuesday, however, Whirlpool, the US home appliances manufacturer, confirmed that it has made a cash approach to buy AGA, adding a twist to the takeover saga for the company, which makes the AGA and Rayburn range cookers and Fired Earth kitchen and bathroom products. On Thursday, Middleby said it "encourages AGA shareholders to consider the motivations of the approach by Whirlpool, in particular why it has waited until this late stage in the process to approach AGA," adding AGA shareholders should be "wary" that there is no certainty that Whirlpool will make an offer. Its statement comes after the UK'sTakeover Panel on Wednesday said Whirlpool will have until September 14 to make a firm bid for AGA or walk away.
I think the market is pricing in uncertainty in future performance of SAN's LatAm operations given the economic situation there.
Dividend cut may be coming for SAN in 2018 if you believe these analysts. I don't.
@(Reuters) - European banks are likely to face a capital shortfall of as much as 26 billion euros (18.88 billion pounds) if regulators succeed in launching uniform capital ratio requirements by the end of 2018, analysts at J.P. Morgan Cazenove said. JP Morgan's analysis showed 13 out of 35 banks may fail to meet minimum capital needs, with regulators' harmonization efforts likely to reduce average common equity tier 1 ratio for the sector from 14 percent to 12.1 percent in 2018. Credit Agricole, SocGen and Santander are most likely to cut dividend to address the capital shortfall, JP Morgan analysts said. Others are likely to reduce risk weighted assets and lower leverage exposure.
I figure the bottom on SAN is ~4.90 which is support from the 2009 and 2012 crisis lows. I have a difficult time believing it would get there without a new world crisis though. But if it does, I'll be adding a lot more.
What's much more sad is that you are posting about that guy's profit/loss instead of posting YOUR trades on OLED. C'mon waterboy step up to the plate...
Hmmm... looks like he actually bought 200K shares - 100K on Aug 27 and another 100K on Aug 28.
SEC Form 4
Aug 28 16:30:41
Aug 28 2015
SSTK Oringer Jonathan CEO, 10% Owner 100,000 Purchase at $34.02 $3,402,000 16,256,327 direct
Aug 27 16:31:21
Aug 27 2015
SSTK Oringer Jonathan CEO, 10% Owner 100,000 Purchase at $32.56 $3,256,000 16,156,327 direc
Did you maybe get caught with a bag of pricey ARIA shares on buyout speculation? PS: A buyout of ARIA would likely not be big enough a deal to stop SHPG from its potential move on BXLT.
Several stocks I follow had similar fire sale prices on the open Monday. I think the only way you can ever hope to get an order filled at such a deep discount price is to put in a GTC limit order for stocks you want to add to, with a buy price based on what you think would be a stop limit from the chart T/A in the event of a market panic crash.
I can only assume that WY is buying back shares at the current depressed prices. A $500M buyback was recently approved by the BOD.
@FEDERAL WAY, Wash., Aug. 27, 2015 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a dividend on the company's common shares of $0.31 per share, reflecting a 6.9 percent increase from the prior quarterly dividend of $0.29 per share. With this increase, the company has grown its dividend by 107 percent since 2011. Additionally, the board has authorized a new share repurchase program of up to $500 million of the company's common shares. The new repurchase program commences upon completion of the existing $700 million share repurchase program authorized in 2014. As of June 30, 2015, the company had repurchased $610 million, or 87 percent, of its $700 million authorization.
Danger zones impacting production but presently no fires on WY properties
@Worst wild fire season on record threatens Weyerhaeuser's productivity Aug 26, 2015, 8:05am PDT Updated Aug 28, 2015, 5:44pm PDT As wild fires rage throughout Washington and Oregon, Washington’s largest forest products company is struggling to maintain production. Federal Way-based Weyerhaeuser Co. (NYSE: WY) is one of the world’s largest private owners of timberlands, owning or controlling nearly 7 million acres. Nearly 2.7 million of those acres are in Washington and Oregon. Some of its tall timber was burning as part of the Chiwaukum Creek Fire near the Okanogan/Wenatchee National Forest. Though, Weyerhaeuser spokesman Anthony Chavez says that no fires are currently burning on Weyerhaeuser properties. Other areas, because of high fire dangers, are off limits for logging. During Weyerhaeuser’s July earnings call, company executives said that most of the company's acreage is under some level of fire restriction and said that the outlook for the company’s third quarter earnings from its timberlands segment would suffer due to lower harvest volumes as a result of the prolonged fire season.
In USA, trade cases were filed over the summer by US steelmakers. A positive ruling could slam the door shut on steel imports. Not likely to affect MTL directly since they export primarily into the EU, but China could redirect products blocked from US markets to the EU in competition to MTL. Of course, EU steelmakers are also filing trade cases.
@We added U.S. Steel to the U.S. Analyst Focus List at Overweight as we think the pending steel trade cases could act as positive near-term catalysts to more than offset the headwind of a strong U.S. dollar. Several domestic steel producers, including U.S. Steel, recently filed trade cases targeting unfairly traded hot-rolled sheet, cold-rolled sheet, and corrosion-resistant steel. These pending trade cases cover nearly all carbon sheet products and a significant percentage of the U.S. sheet market supply