Doubt it but if that happens, I'll be a buyer at that level as well.
Look what happened today was that CMG beat estimates (thx to their recent price increases) but 2015 guidance was very weak.
I think they're overstating it a bit, but then again I could be wrong...wouldn't the 1st time if I was but we'll just have to wait and see.
I've already done that using options... So if she tanks I should be OK.
Besides my present position in CMG is quite small--only a fraction of what I held in this stock the previous year at this time. Right now I have more riding on BWLD.
Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings, which means today's decline cost him $1.06 billion.
Glad to hear that you're finally making some $$$... Remember the trend is your friend, so keep buying & scratching those tickets since panhandling proved to be less than rewarding for you.
THX. When I heard the 20% figure earlier today I almost choked... Still I gave it credence after seeing what happened to NFLX last week.
...@ 368.39 earlier today.
Now watching to see what AAPL & CMG will do after reporting later today.
Experience says, not much as far as AAPL is concerned yet CMG is a wild card...
If it tanks like NFLX did, watch for other high beta stocks like NFLX to feel the pain as well tomorrow, but we'll see. Hopefully that will not be the case.
Hopefully it won't be a repeat of last week's NFLX disaster.
Now who's insinuating? I never said I was short anything... In fact, the opposite was true. I’ve been long NFLX since the Icahn announcement…even bought a few more shares just prior to the earning announcement this week... Thankfully, I also hedged with options which more than covered my loses to date. But options are something I know and I've also been around long enough to know how the game is played. So, I find it a bit odd that he would wait to make such an announcement today—weekly options expiration, unless it was intended to take advantage of the increased volatility it would create for personal gain.
Maybe I’m wrong … Maybe it was just a coincidence after all. I suppose in some weird alternative universe thinks like that might even be possible, but not in this one… Then again, I also don’t believe in Santa Claus or the Tooth Fairy either, do you?
I guess anything is possible at this point... Just find it odd as well as question the timing—especially in light of options expiration today. That’s all.
If by “tips” you’re implying some sort of insider information, than I fail to see how that’s even ethical at the very least or even legal. But I’m no lawyer so I’ll leave that for others to determine the merits of.
Also, I fail to see how the absence of any sort of fairness, whether that’s comes in some sort of a level playing ground (as you put it)or even the mere impression of manipulation which only adds to the public’s already growing mistrust of elites like Cuban and of these markets benefits anyone—least among us the average retail investor?
I’m sorry but what Cuban did today was pure unadulterated manipulation with the intended result to enrich himself even further, and given his past track record and SEC complaints it wouldn’t have been the first time either. He knew he had the advantage from the very start given his fame & name recognition, as well as access to major media outlets (unlike Steve above) and that guaranteed he could manipulate the stock’s price long enough to gain from the volatility.
To me what he did is no different than what famous penny stock pumpers like the Bugatti-driving 26-year-old, John Babikian did in the past. The only difference is the FBI is still looking for him.
He pumped the stock earlier in order to manipulate the weekly call premiums which isn't that hard to do seeing that they ALL expire today, as well as to establish a better re-shorting opportunity for himself and his friends... Probably made million$ on this trade today selling those worthless calls to the sheeple. .
I fail to see how a posting by an anonymous individual like Steve above on this or any other BB has the same desired outcome as far as “protecting your investment” goes, which you claim was the purpose of Cuban’s tweet. Or for that matter a buy recommendation from someone like Cramer whose soapbox is live TV and the backing of the so-called financial media? Please explain…
However, if Cuban’s true motive was to manipulate weekly call premiums so he can profit from the volatility which I suspect was his real motivation, then I have to agree with Steve above… What Cuban did boarders on illegality IMHO—and if not, it should.
How is the market tanking? It’s presently up +270... And will probably close over 300 today once the traders return from their lunch breaks. Cuban and his ill-gotten ilk are trying to manipulate this stock today for purely self-serving reasons… I wouldn’t get too giddy here. But I do agree this to will fade and NFLX will slowly trade lower from here once the bogus rumor is dispelled.
Not with the market up 300 pts...sorry. Anyhow, hope those puts you bought don't expire today.
A buyout candidate @ 350? Hardly. Maybe @ 160.
The fundaments no longer justify an offer @ this bloated level.
In fact, I actually unloaded the rest of my shares yesterday...
Now simply trading option.