The succession of news stories coming out about FST rhyme with the death pangs of Eastman Kodak.
Within the month, management will issue a press release than they are consulting a large law firm which specializes in reorganization and management will reassure bagholders in the press release that this is only a "consultation" so that the company can assess its options should it not be able to renegotiate with creditors. Play the daily momentum but don't buy this and put it away in the metaphorical drawer to cash in upon your retirement in a decade or two.
er um, because he has to pretend to look Presidential especially since there are midterm elections this year. ;-) ;-) Once the election cycle passes, he can play golf for the last 2 years of his term then move to the house in Hawaii that the wealthy Chicago heiress purchased for he and the family.
Just an FYI, apps 100 people died in Ukraine and about 6 times that many were badly wounded according to many news outlets here and overseas. Like I said, just an FYI.
As for AOL Wednesday - what time does this thing start going down again? Also, does the S&P open up then plunge, open down then head for new galaxies, open up and keep going up, or start down and stay down all day? Opinions as to where we head after today's silly trading session?
Aruba, the cusip on this bond issue is 346091AZ4. You can pull all the info you need about this rating change through your online broker.
er um, the stock is down big time from last week…. that's not short covering, that's selling. Short covering is what pushed this thing up into the 50's. Maybe you need to take the Scottrade basic investment course so you understand the basic trading mechanisms in the equity markets.
Last week the #$%$ of the week was Meyer, this week Armstrong. Who will it be next week?
PS: Just wait - I'll lay bets that within 5 years, all the large corporations make their employees become Obamacare-ites.
My favorite Cramer pump and dump: STV - October 7th, 2007 (I remember it because it was my birthday), Cramer says "buy, buy, buy". The stock had hit a high of 54 or so on that date. If I remember right, the thing dropped like a rock down to $5 within a year, never looking back at 54ish. I just looked up STV - it is trading at 2.27 after spending most of the last few years between $1 and $2.
Years ago (2005) I listened to a rant or three of his on Amgen. I remember sitting in this POS for longer than I ever wanted to. When I got back to break even, I sold. I never felt so lucky to get out of something in my life after that.
...wait a minute, now Cramer is saying that MSFT will buy Twitter as well. Wow, and I thought that Nadella was looking for "NEW"?!
you forgot to mention the $70/ share which Cramer predicts… MSFT needs to stick to software and fix Win8.1; after all, Bing and MSN are just terrific successes.
926a update - and Cramer loves the stock and if I heard him right, he says that MSFT will be acquiring AOL for $70/share. Now, if Cramer says it…..
… but, but, but …. Ads, Ads, and Ads… and of course, the wonderful Huff Po … then there will be all that widely viewed original content… give AOL a chance for it will soon be a behemoth on par with GOOG, YHOO, FB, etc. after all, don't you click on all those ads and watch all those forced videos on your phone everyday??? C'mon buddy, AOL isn't a Radio Shack story - almost, but not yet.
Agreed… and the pop yesterday was because Eric Jackson (who pumped the buyout while he purchased then quickly sold April 55 calls) purchased July 50 calls to replace what he sold (and pumped and dumped) earlier in the month. Yahoo is a mess and the hatred for Marissa Meyer (whether deserved or not) is rising. Yahoo has to tend to the weeds in its own garden right now. If it picked up AOL, Meyer would meet a guillotine type end to her career at YHOO and there wouldn't be enough engineers at YHOO to weed AOL's current garden of products.
You will see the dividend, then another entry for "foreign tax paid" (which you can take off your US taxes in 2014) and you'll probably be charged a fee by your brokerage company for holding this ADR in your account.
Actually, MT held up pretty well today given the fact that Bloomberg and CNBC were preaching that it is TEOTWAWKI. I'd love a one day pullback in MT to the 12-13 area where I'd load up. The world is not coming to an end - the a stock market is just due for a major correction. I'd also like EEM back at 27-33 for a load up. If we have a crash, it will be quick and deep, but like the last one, we'll crawl out of the hole nicely. I don't think this little pullback is the beginning of a crash and suspect that if nothing horrible happens over the weekend that Monday will be a rebound day.
[just to finish from my post of a minute ago]…. as for this hedge fund guy, I saw him on all the news outlets today then Forbes reran an updated article with his byline reiterating his stance on a YHOO/AOL melding. Er um, there's such a thing as "the hard sell" and this guy has been pounding his position since last week. For all we know, he is Mr. April 55 trying to jack the price up and sell off his bet to sheeple prior to April without regard for the fact that if his prediction doesn't come true (and if earnings are a yawn) that the suckers he sold his calls to prior to expiry will get a royal you-know-whatting.
We'll see in the pre-mkt. A/H was a snoozefest unlike last night where the spike was forewarned by the an actual whacky high trade of all of 10 shares. Who knows, John might be right and this might go to the moon with a buyout offer. My gut says NO, but like I said, I've been wrong or overly cautious all the way up the hill on this ride.