The profits are up for the total 11 months of this year. One month does not make a trend anyway. It's just one month. Besides, their labor force wages continue to rise and many companies are going to cheaper sources/ countries or even bringing jobs back to the USA.
Not near as many are shorting the stock. The shorts raised the volume by shorting short term and covering. On 9/15/2014 short interest over 138M on daily volume of nearly 85M shares, the short interest now at 12/15/2014 is a little over 54M with average daily volume of a little over 54M shares. Less interest in shorting = less volume and higher price.
Do you really believe that only incompetent or unethical employees work for small accounting firms? That's truely stupid. Small companies would never become large companies if that's the case. A large accounting firm will find the same facts as a small one, but it will give more legitimacy to the accounting. If something was wrong with Ebix's books, either someone in the various accounting firms or government agencies would have found something. Whistleblowing is very profitable if legitimate, and someone with a reputable reputation would have done it by now. Whistleblowing is very profitable too when not legitiment when the purpose is to defame a company.
Traders had their fun with the market. They needed to take the market down to make money to pay for Christmas. Everything pretty much up from here. DOW at 18,000 by year end. AAPL maybe $120.
He owns one? I thought that he used the library's while he warms up and takes a bath in the restroom sink.
Yes it is. Most of this market sell off is stupid. November was the biggest consumer buying yet. Big buying of autos and electronics. Cheap gas puts money in everyone's pockets. Huge Christmas this year.
Right. The latest stock market downturn is stupid. Mostly caused by the price of oil? Stupid, stupid, stupid. Everyone will have more money to spend. Consumers spent big time in November on autos and electronics. It will continue and Christmas will be the biggest ever. It will be better than most can imagine.
By then the new chairman will bankrupt Samsung.
About half and half, half are told what to say and the other half is stupid. Same goes for the financial media. Maybe one or two percent know anything and are honest.
I was out Black Friday and regretted it. So many people I couldn't turn around. I'm not one to shop on Black Friday but wanted some things at Home Depot. I spent a hundred dollars there and had a hard time moving the cart through the crowd up front. The mall was so crowded that I had to fight for a seat in McDonalds to sit down at 3:30 pm. Even with bad cold wet weather here in Seattle area. I can't see why the news is filled with.awful shopping when people have been buying all week on early sales. Internet sales are up 15% too. With gas prices down and consumer sentiment high, expect to see big sales figures for the holidays. Buy stocks on this stupid dip. The news is a plant for traders to make money for Christmas.
Doug Kass of Seabreeze Partners states in his new book that it's a non-starter for him if the short interest is over 7% of the float or more than 1.5 times the average daily trading volume. He says that he has had the scars from not heeding those rules. A short squeeze will be coming for Ebix; shorts broke those rules.
Best investment I ever made, buying near the bottom. More upside to come. No brainer.