we have a new twerp troll on board. watching tape would be so boring without the message boards.
i think the market will focus on EPS, and in that respect it was another home run.
Up and down is a very diplomatic assessment - where it lands, nobody knows... HPJ is a really strong small cap, but the market is extremely unpredictable right now. You know what they say: "all ships with the tide". If you see yourself as a long investor, HPJ is a dynamite, small cap buy; if you're a trader, always jockeying for a better position, then maybe this is a good time to sit on the fence. I'm a trader - I do this for a living - not to pad my RSP, so I have finished the day with zero positions. If the S&P bounces tomorrow, I'll buy HPJ hand over fist.
Truth is I'm more interested in BBRY tomorrow, and i think it's a short.
Technically you're right of course. But i think the chances we'll be entering another full-blown Iraq war, just before or after (depending on which schedule provides greatest political traction) midterms, are increasing dramatically. Meanwhile, we'll be hearing a lot of ISIS chatter on the airwaves. It's all a #$%$ shoot at this point where we go tomorrow and next week. I want to keep some powder dry for a BBRY short ~ i don't think Jon Chen has much spin left if Blackberry misses again.
What is really worrisome here, is not even a dead cat bounce off of S&P 1975. We were supposed to test the MA, not fall thru the bottom of a wet paper bag.
The S&P dropped as low as 1968 today. The 50-day moving average was 1975 and it hasn't been that low in about a month. It's a bloodbath for pretty much any small cap outside of our comfy HPJ shell.
Well, here's cause for outrage... there are about 140 million people infected with chronic hepatitis C worldwide, and Gilead has the only fully effective, noninvasive (pills) cure; the 10-week therapy goes for $94K in the US (about $600 a pill). In fairness, Gilead has recently authorized generic production for the "developing world" at a fraction of the cost, while holding its price at $94K in America.
The S&P 50-day MA has officially been crushed. HPJ is holding up well enough and, if you're self-righteously concerned about Ebola, you might be glad to learn Dr. Sacra is now virus-clear. Meanwhile, TKMR is down 5% ~ I'm sure they could use some extra market cap for research.
Agree... but do it in the 7.50s today unless the S&P bounces, and it's not bouncing yet. The President is on TV right now whining about Ebola, when he's not talking "coalition".
If Foxconn were actually making this thing, it could mitigate the impact on BBRY earnings. Unfortunately Passport is another misguided attempt to manufacture in Waterloo.