I was kidding when I said I'd sue. I THINK the 1st amendment probably covers juvenile Yahoo posts and verbal diarrhea.
That's because you have no life outside this board, which just proves my point. (I'd sue him for libel in my fantasy world of Alice and Wonderland, that's what.)
Well here I will defend you. MMM your accusation is baseless. You only have to look at his posts to see he trades both sides of wlt and if you ever claimed I was paid to post on this board I would sue you. That said, he still needs to get a diary and stop posting every trivial thought that comes into his head.
That's a good point. I should have said "lousy old-lady clothing." They tried to rebrand younger and it didn't work. They should have focused on finding a better product formula for their existing customers because once a solid brand means there's still some brand equity. Consumers are always open to change if you get it right.
The only thing they have in common in unsubstantiated claims of fraud in their accounting practices and earnings statements based on phantom suppliers, unsupported margins, inflated earnings and the like. They couldn't be any different in terms of their businesses and the specific alleged abuses. But traders often see trading in oversimplified terms so you will find similar patterns in how these stocks traded: huge one-day drop, big second-day drop followed by same day or next day recovery and 2-3 more days of short covering as the claims could not be corroborated. Personally I think Tile Shop's business is much easier to understand and the claims against it more suspect than NQ, which operates entirely on the other side of the globe in a sector that seems more likely to attract bad actors. But that's just my opinion. The chart on NQ looks ready to pop, for what that's worth, assuming no new claims or problems arise. Stock is still down 40% from the drop. TTS could be back in the mid 20s in a month if claims do not get substantiated b/c they started shorting it in the high 20-s.
Agreed. The fundamentals of the business are actually improving with the loyalty program and shift to more profitable hotel stays over airlines. They missed by a lousy penny and actually beat on revenues but this thing has been down almost every single day since then. Naked, relentless shorting. I'd look for a strong bounce off the low 6 dollar support level.
This is a binary outcome: buyout or bankruptcy. I say it's 50/50. What's the difference between accumulation and speculation? Maybe they're only accumulating based on a shot in the dark?
That's a fair argument but you are obviously speculating and should not make declarative statements like you know what's going to happen.
why do you assume AT and Talbots stories will be replicated with CWTR? It was a strong brand at one time but has been decimated by a horribly run business. They never got out of the old-lady clothing model. Why would anyone want to rescue them?
Don't agree. I think it was speculation on the long side. No news re: LBO = run for the hills. This is a binary outcome: either bankruptcy or buyout. I think it's a toss-up. Good brand (at one time) that could be worth reviving, but a terrible business that may not be worth rescuing in this retail environment.
Agreed but in the short term momentum stocks will get hit harder. MHR is part speculation part momentum in a good sector to be in medium to long term. The fundamentals haven't caught up just yet. They will.
"As bad as I've been hearing . . ." I love it. You have very well placed sources, I'm sure . . . in the company men's room.
I think you're giving JC too much credit. I think it's more likely GE wanted to come on the show to bolster the investor day and perhaps blunt any negative sentiment from earnings tomorrow. For me the kicker to get out short term (I'm waiting to get back in) was there was no follow through from analysts with buy recommendations after the conference. Barely a peep of news. If it was so "bullish" as Cramer suggested why didn't any analysts speak up?