That's one of the few that did not halt their dividend. Nice going. I own two other banks and one shot up nicely yesterday. I think this is just the beginning for this beaten up sector.
Cramer told everyone to buy YHOO at 37-38 and all the way up to $40.00. Look at it today. He's getting worse. He also pumped some bio techs which have also lost $5.00 a share just this month. He knows nothing-just guessing like the rest of us.
Joe Nacchio of Quest is out of jail after scamming all the people working for the phone company. They lost their retirement.
I will do this again. I sold out at $35.95 and only kept 200 shares (all profit) in my IRA and 67 shares in a regular account. That makes 5 trades in and out in 3 weeks but I bought 1000 shares each time. I have a buy in at $32.50 but don't know if it will fill. Glad I am not holding the bag on this one. I will get back in SGEN too but in the low $33.00 range. The swap would have worked out if you sold YHOO for a buck gain. 1000 shares with one buck is not bad for a few hrs. or even if you have to wait a day.
So why would MSFT want to buy YHOO when they can just slowly take them down? I agree, MSFT a better run company and will continue to gain market share.
Call me old fashioned or just plain old but I have no idea what you are talking about. I have been trading stocks since 1987 in my IRA and do my own research. I control my retirement fund 100% through Scottrade so "TELEPROMPTER" just cracks me up. I hope this isn't the average mentality of the posters on this board but I'm afraid it is. LOL
I think people are catching on to the BABA hype that is all bull and they are cashing out. Even Cramer is saying it's not going to be as big as they first thought. Coming from his mouth is hilarious since he was pumping this as BUY-BUY-BUY when it was $35.00 and well beyond; he said load the boat. You think there's a selloff now, just wait until the day of the IPO. Either way people will either sell if the stock goes up and take profits or sell if it is tanking so they don't lose too much. Too much hype before the real knowledge.
People get paid to read screens? What? Who's paying them? You can read a screen with minimum risk? What are you even talking about?
MM said it's going to take YEARS; not a couple. Smoke and Mirrors just like 1999.
I can't believe everyone is blaming Yellin for all bios that went down. They are a scam and all have a negative EPS. You expect to make money on a stock that is bleeding cash? That's why these stocks have 2nd offerings. The only ones making money are the insiders who pay themselves huge monthly salaries and award themselves free shares and sell only to leave bagholders with a loss. Check out the history of DNDN and look at their chart. These bios are a dime a dozen. ISIS-SGEN-RARE-all the same B S.
Listen to the video of Cramer today saying now everyone thinks BABA is not going to go waaaay up as previously forecast. Another China sham.