I don't think NRF is buying shares. The stock popped from being oversold from tax loss selling and hedgies dumping. Why would they buyback stock and then let the bid fall again? You've accomplished nothing by doing that.
NRF is being consulted on the timing of purchases and will wait until the tax loss selling and shorting has dried up.
I did answer you. He hides behind the ignore button and every price level has been a 'table pounder'. If you notice I am not the only one.
Why do you feel you have to fight his battles for him? Why does it bother you that people criticize his calls? You only want to here one side? He puts them out there. Answer my questions.
If you actually really did sell good for you for thinking for yourself, but obviously you didn't agree with Dar's 'table pounding' calls either.
When you see a stock break major technical levels that's a clear sign its going down. Maybe you should take a course in trading...lol.
You can insult me all you want but the fact is you just sat and watched your position plunge over 50%, a typical 17 year old rookie mistake.
Well he isn't as smart as Dar though. Dar knows more than Wall Street, as he keeps saying' down 50%.
I own BRK.B shares 5 years ago $80 today $135. Buffet only buys what he understands and I doubt he'd touch anything like NRF.
bye the way, you started with all the nasty personal insults along with Dar. What do you expect you'll get back?
Kudos for what? Losing more than 50% of your position. I haven't seen many kudos on here lately. Are you happy losing over 50%? Kudos for his 'table pounding' calls all the way down....lol. I am so jealious that he didn't lose me money.
You have to ask yourself, after all the profit you've lost maybe you shouldn't blindly follow a stranger's advice on the internet.
Hey. Why don't you lend me $100,000 and I'll give you $50,000 back? Go deal...lol.
Do you think Buffet would just watch his position get cut by more than 50%? Wow! Do think at all before you hit post? If you actually have read anything about Buffet's companies you'd know they use option and futures to hedge all the time. He owns insurance companies. Now what do they use options and futures for?
I outperform the market regularly with my strategy. What's your's? Why don't you actually share some insight and knowledge for once yourself?
You keep calling me stupid and to get a life. Maybe you should take you own advice.
If you don't like it put my on ignore like your chicken little bum buddy Dar.
and then make another 'table pounding' call like you've done 20 times before. Drip purchase are not going to get this back to $40 nor will a buyback. You might know fundamentals, but your trading and technical knowledge is very weak if not bad.
You crack me up the way you trash any opinion other than your own. You make 'table pounding' calls all the way down, lose money for yourself and others and hide behind the ignore button. That is not being brave or a stand up person. I have never put anyone on ignore. I don't hide from my mistakes and own up to them. You use to crow about the value of your NRF position but I notice you don't do that anymore since you've lost over 50%. SA authors have just as much if not more credibility than you and at least they admit when they're wrong.
You've been saying 'table pounder' all the way down. Has that been good advice? If you were a professional you would have many unhappy clients, would get sued and would lose your job. Someone prove to me I am wrong. Its fair game to criticize you and I've done it respectfully. Unlike you and your followers.
You've become a cliche. You hide behind the ignore button and you don't answer for your calls. I don't tell people to buy or sell anything just what I am doing.
Your fundamental analysis is very good so just stick to that.....
Buybacks artificially increase nav and cad so management can more easily hit their bonus targets which are linked to their very generous recent compensation plan.
I am not a big believer in buybacks and much has been written of them to not be as effective as people think. Just Google to see. Apple has been initiated the biggest corporate buyback in corporate history and the shares have been struggling. IBM the same.
The shares should settle down here as there was lot of tax selling and hedge funds re-balancing. Just my guess so call me stupid.....again.....lol.
The market was very oversold after Friday. NRF even more so and a bounce was coming. You have to make up your own decision to buy.
of repair work needed on chart. Like I said in a post Friday an oversold bounce was coming. Bought back my Calls and look to sell more again at $20 where there's a lot of resistance.
Bring on the haters and the bashers...lol.
You just don't like to hear the truth. You might not like what he says but hopefully you've learned a valuable lesson. You listened to the opinion of others that you do not know and didn't do your own DD and now you are paying for that mistake.
If terms of negative or nasty posts, I guess what you wrote also applies to Dar or anyone else pro-Dar who writes a nasty and sarcastic response. It goes both ways ya know?
I use a covered call strategy so often my shares get called away. Its forced selling and takes the emotion out of it. I have posted many times here that i have been doing this with NRF. I don't understand why you guys with such big positions don't hedge at all?
Sure I am losing in the market today, but I hedge for insurance.
When i see a stock declining on big volume and breaking technical levels, I don't think, I follow my trading rules. Am I 100% right No., but I don't think i know better than the market.
I also like coming here and bugging you guys....lol.
I agree, but they also artificially inflate eps and hit higher bonus targets with the very generous compensation plan they put in place. I'd like to know how much they're actually saving.
NRF has too much debt to pay 90%
Share buybacks are great for management artificially inflating eps so they can hit their bonus targets, but NRF needs funds buying to really move the needle. The buybacks will probably create some consolidation but you will have overhead resistance of people who did not sell but want to. Look at IBM. What has their share buybacks accomplished?
The shares are very oversold here so expect a pop. I have continuously hedged any long position I might have with covered calls.
I think Hamo is fleecing shareholders again...