Just buy the dips and its been going on forever! It doesn't matter about the economic conditions, political landscape or all these other macro issues. You have 1 billion new middle class consumers around the globe and eventually spending & consumption will come back. This will drive corporate profits and justify higher valuations. Right now we are stagnating with limited growth, but demand will pick up and the stock market is going to go up based on future growth projections. Inflate or Die is the mantra by central banks and you really are banging your head against a wall at this point.
Yahoo msg board overrun by the shorts which usually is a great contrarian indicator. On the other hand the iHub board is full of rampant bulls discussing all the things they will buy with their profits. Tomorrow should be interesting and let the games begin.
Here is the problem ibdman15 about your logic. It won't work when Abe is easing in Japan, Draghi is deploying QE this summer in Europe and Yellen is more dovish then Ben. Wait until Janet says no more tapering. We might have some sell off in April (5-7%), but that would be it. We haven't even had a 10% correction in over 2 years. JMO
My thinking is the entire qtr has been silent, so something has to be up. I spoke to IR about a month ago and the guy (Blake?) was very hush on numerous questions. Only answer I received was that the quarterly would be 1st or 2nd week of March. Asked about investing the cash, paying a dividend, monetizing real estate through a sale, and a host of other ?'s. I know he can't say much, but was basically mum on everything. I asked him at the end, if he could at least throw me a bone and tell me things are positive & proceeding in a good fashion. His comment was wait for the 8K.
Good volume on Friday and seems to have found support in this area. Though I'm disappointed that we literally have heard nothing for 3 months. March is upon us and Falcone has to report, so keeping fingers crossed we hear something this coming week. Just strange they haven't at least put out a PR to announce the earnings call date? Well let's hope they get us some real good substantive news, so we can participate in this market.
Blatant lie on your behalf as JWN sent back substantial amounts of their XMAS inventory. They are having sales and DECK has resorted to selling through Costco. Stock DOA just like LULU as it has many low cost competitors. I think they are a decent company, but more like $40 then $80. Expansion opportunities could be good down the road, but initial outlays and acceptance takes time. Downward spiral has just begun. JMO
Today was a perfect example of the manipulation in the markets. At about 3:45 Art Cashin says there is a sell imbalance of $1 billion into the close. This imbalance would normally cause a big sell off into the close. We actually went up slightly from the levels at that time. No way we go down unless we have some event that is so horrible it causes a global catastrophe. Very few times they mention this type of imbalance and every time I have heard it we drop significantly. Crazy #$%$ market
Though I do like this part of her new contract. Might be a sign of selling the company? It could be a reason they still haven't announced a date for the earnings call and have been so quiet?
The following material terms and conditions are changed from the prior employment agreement:
Ms. Roberts' prior employment agreement did not contain any change-of-control language, whereas the new agreement incorporates a change of control provision that is identical to the change-of-control provisions of similar employment agreements issued by the Company.
Nice contract, big severance and overall package for Lisa Roberts. Sure hope she can live up to those numbers and help get this stock moving. Not exactly the type of news I was looking for from MMAB. Though they snuck in in after the market closed on Friday.
Its all fantasy that you are trying to beat (FASB 157, non-Gaap vs Gaap, one time charges, stock buy backs, etc) and they can make the numbers whatever they want. In addition, they keep lowering the estimates, so everyone screams 70% of all S&P companies report a beat for the quarter. Now the earnings season is over and they will slowly walk them up based on low volume and taper vs non-taper because of fictitious gov't numbers. They want the market higher and that's a fact because the market is the economy.
I will say we are at another top and Art is probably right about this week, so do they fizz out (which Friday looked like it from the daily high) or do they bust through that 1850 number? It will be interesting, but right now you are fighting against the death star and its not easy. Luke Walker vs Darth Vadar "let the force be with you" and this time the force is on the bullish side,
cpa.kevin you are exactly right because you really shouldn't be a publicly traded company with this small a portfolio, while not communicating with your shareholders. I think Falcone is a bright guy and I'm not questioning his integrity, but we need to be kept apprised of the current situation. I was 100% behind his leadership until the stock was halted for over a month. You just can't allow that to happen when your the CEO of a publicly traded organization. Now we get silence in a market that is booming.
I don't agree with several of your statements, but it isn't going to achieve anything countering your comments. Even If I assume the economy and non-residential construction is on the rise we still can't unlock the value until we sell some of those key assets. Secondly, the stock has stagnated for the last 9 months, was delisted for 30 days and the company hasn't said anything in over 3 months. We also have a bloated staff of employees based on the current portfolio. Unlocking shareholder value is key and right now management is collecting a nice paycheck and not rewarding shareholders.
This stock isn't about earnings anymore. Its really what they will do with the cash and other assets. Leaving us shareholders in the dark for 3 months is ridiculous, but I also believe they must be orchestrating one of several scenarios. 1.) an outright selling of the company like CLNH did a year ago at about 4 times the current price.
2.) Selling off of real estate holdings that are at low levels on their current book to generate more cash and increase the overall value of the company. 3.) Put together some dividend payout to shareholders. To me the only logical next steps IMO. I hope we don't have to wait until earnings in March for some news? Throw us a bone Michael. We have been patient.
These guys really need to step up and get something done. Patiently waiting and even bought more today. Let's hope we get a deal like CLNH did when they were bought out.
I'm going with GSK because Sierra Worldwide Equity says so and she has a nicer #$%$ then stockbrokerjoe.
In all seriousness the 10% raise on the open market, the preferred shares, investment by Blackrock, upcoming conferences, inevitable partner(s) and the continue ramp of sites for PIII makes this stock one big announcement from a quick double. I didn't even list all the pending events. Good Luck longs.
I thought the judge was definitely ruling this month on royalty and a cease and desist injunction against QCOM? Do I have the right month? Sure looks like something is coming based on last weeks action. Selfish on my end because I hold Feb call options. Just trying to be transparent and do own 5000 shares long as well,
I think the price tells us we are 6-8 weeks away. Most volume and action is in the April calls. Yesterday was an anomaly in the February calls because of a rogue blogger post. Looks like they are going to take their time and insure the right transaction. Though I will admit that deals like this can happen real quickly, if one player feels they are getting squeezed out and then they offer the number the seller originally requested. I am surprised that we aren't trading at much higher prices just based on all the speculation surrounding partnerships and buyouts.
Interesting that your blog generated the ridiculous volume we saw today in stock and options? Also, what time did you blog that piece because we surged in the morning and then pulled back, but finished strong at the end of the session? It seems strange that a nobody (no offense) blogger could cause that type of volume and move. Again did you blog that in the morning or afternoon?
Every time over the last two years we have broken below the 50 DMA we have bounced to new highs. Usually you see a 3-10 day period fighting to regain the 50 DMA before the market makes its next new move higher. Nothing right now tells me we won't see the same scenario play out again. As long as rates stay low and companies keep buying back stock its a bull market.
Retail sales were awful and its the only thing that worries me at this stage as the cold weather probably has made it even worse this quarter. Though they will use it as a crutch in the next earnings session.
Pretty disappointing that we head into our 3rd month with no information being shared with shareholders and our 4th month since the stock was shut down for 30 days by the SEC. Well looks like management will do as they please, collect some nice salaries and leave us all in the dark until they are good and ready to share some type of business strategy pertaining to the cash and assets on the books.