Finally went into a WFM because I was with a vegan over the weekend. These people are crazy. Egg less Egg salad?? #$%$??
They'd buy crushed up bird beaks @ $85/pound if some Bozo doctor on tv told them it was good for them.
Next week they'll tell you that eggs are the perfect food.
Overbought, no room to move up.
by bullaman•Nov 17, 2011 2:04 PM.
nutz4stocks•Feb 21, 2012 7:24 AM
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I would take the other side of your trade. HD just broke to a new 52 week high in premarket. It's been on a nice run, and 52 week high's ususally come in groups, not one at a time. Add that to all the year end..."strong stocks get stronger..weak stocks get weaker" senario, and ANYTHING even remotely positive from Europe & you're gonna be in the 40's soon enough. The SPY is already nicely above it's 50DMA and it's running.
Homie is my main housing recovery play. I figure it will turn before most everything else in housing. If people are stuck in there current home for a couple more years, just like not being able to afford a new car, they will fix the old one. Look at how the auto parts DIY market has done. Plus it pays ya more than the US T-bill rate to wait.
Bump.....Now after another new set of highs we have the 50's in our sights. What do you think? Less
Now that we've already doubled....:) :)O :) :) :) :) :) :) :) :) :) :) P :) :) :) :) :) :) :) P)
No reason to take profits just yet. New highs come in groups, not one @ a time. As Rainman said..."There's lots of them".... :) As long as the XLF keeps rising....hold on for a bit longer.
@ Im long....that's cool. To each their own. The point I was trying to make was that as a common "outside" shareholder, I prefer dividends to stock buy backs.
1) Stock dividends are "out front" where everybody can see them. Reducing them is a BIG deal so companies generally refrain from doing so.
2) Stock buy backs are very vague. They can do them when they want to..IF they want to...all @ the total discretion of management.
3) Options issuance? Management can talk all they want about being "aligned" with stockholders, but the bottom line is that stock options give mangament & insiders all of the upside with none of the downside. 99% of all stock options are excerized (sic) and then immediately sold. They don't own the stock long enough to take any risk of it going down or even collecting the dividend.
4) Does it make you feel better that management is buying back stock at full retail value as they hand out stock @ a fraction of that value? I totally understand the concept. Without some incentive why work so hard? Nobody forces the retail/little guy to buy the stock etc......but still.....
5) When APPL and other tech giants were caught back dating options, there is no other way to look @ it other than outright theft. You know that by the time the government has to answer the phone that it's pretty bad...
Margin calls coming on a drop of 15% in one day......The big boys are moving away from high divvy low growth.....
If the market is looking 12-18 months out....then you're looking at higher interest rates and modestly higher growth. Govern yourself accordingly.
I doubt it's being heavily shorted today. My guess is that it was an excuse to take profits. It's up from $15 less than a year ago.
HAWK tanked too & really has traded alot poorer than I thought it would. I had a COTP for the IPO and was originally disappointed to not be allocated any, but now? Not so much. It's already given back most of the first day pop & closed today @ $24. It feels like it wants to break the IPO price already and probably will if we ever get a few down days in the general market.
Intitutions own this heavily and you'd have to be nutty than me to short it. They're squeezin da beegeebers out of this thing and it's been on the hard to borrow list almost since the IPO.
Only if they outpace the dilution from the stock options they constantly hand out at much lower prices. In most cases, entrenched management is the real winner here, while the average holder once again takes it in the ****.
Take an hour of your time and Google all the talking heads of CNBC. It's well worth it. You might be suprised at what you find. Ever wonder why Greenberg is always so negative on everything he reports? He used to run a boutique research firm that specialized in feeding info to the hedge fund industry that specialized in short sales. Maria Bartaromo's father in law was Saul Steinberg, a famous greenmailer and corporate raider of the 1980's who died last year. She's married to Saul's son. Cramer and his crew have their own skeletons in the closet. Check it out for yourself.
You can bet that anyone that starts every show with "I'm not here to make friends, I'm just here to make YOU money" isn't exactly a choir boy.
And Obama & the Democrats are still looking for Big Foot, the unicorn, and spending cuts.
@ Starbuckster2......that page needs to be updated. HAWK used to be the symbol for Seahawk Drilling. The closing prices is correct and the chart is too, so I guess they are "working on it".
Yahoo info is delayed. The stock was priced @ $23 and traded up to $26 today. I nice pop yes, but I actually expected more. After the initial gap up to the $26 area, it treaded water the rest of the day as the general market improved. I tried to get some, but didn't. GLA...