I like AAPL and EBIX. I guess that I like noisey stocks. I guess that's why I sold JNJ and MSFT and bought Apple and more Ebix. I'd rather have value than a quiet stock with a PE greater than 20 like FLO. And why isn't it spelled Flours Foods instead of Flowers Food?
I haven't looked at HPQ in a long time. Every time that I do look, I just don't have a good gut feeling about its future. I see that their hopes now lie with a management restructure and increased aquisitions to transform the company. I don't think that is a good mix for a better future since it could lead to overspending for aquisitions that don't lead to profits. They are still too dependent upon PCs. With so many alternatives to PCs, their sales will continue to be unstable as their competitors take market share. To be more competitive they would have to reduce margins which they have refused to do. Printers have seen better times too. A turnaround, if it comes, won't come any time soon. With the CEO stating that growth is unlikely in the next year, I'd take her word for it since last May she had more confidence. My gut feeling still says no, but that's my gut for you. So I'm still not interested at the price. I just don't see enough reward for the risk.
I retort, the price of a hair cut has never been higher. He should work on that instead.
Investers don't look too fearful today. I guess that the new home sales drop gives them cause. I think interest rates have peaked or are peaking. Lower interest rates are needed for the economic recovery to continue.
Well, it looks like things can get complicated. I read that several hundred thousand potential wash trades occur a day on futures exchanges, and it's hard to determine whether two different parts of a firm are doing the trading or even just one is doing the trading on its own. Then it has to be determined by authorities to be intentional. Firms contend that it is never intentional of course, and wash trade filters have so far not been effective. New rules are put in place and high frequency traders find ways around them. At best HFT are always on the borderline of illegal activity. When other HFT computers detect this activity, they join in.
And yet the short was too stupid to walk away in victory. Instead he stood above the long, got bit which caused gangrene, and died in pain. The long's arms and legs were reattached and eventually he went home in victory. God save the king from the pretenders and usurpers. Death to them all.
Do you believe everything that analysts say? Of course it can go to over 12% like it did in 1981, but don't count on it. It ranged from 1.95% to 2.90% between 1935 and 1956, a total of 21 years. There is no reason for the interest rate to rise to 4 or 5%; it could even drop back down again. Interest rates rise and fall for reasons and not to fulfill analysts predictions. Even the best economists have never been able to predict the direction of interest rates nor magnitude. At 4 or 5%, the economy has to improve precipitously.
Buy index funds and stick with them. If you have a 3% loss, keep them. If you have a 10% loss, keep them. If you have XX% loss; keep them. That's the best advise that I can give you. Or average into an investment.
Shorts have thrown everything at Ebix and Raina including the kitchen sink. Ebix, Raina, and his foundation have been accused of every crime short of murder. They have pestered every government agency to investigate. It looked like they were soliciting another reporter on July 8th, but that didn't take. Their old tricks are done. They either have to come up with a new trick or out and out lie (such as Raina hauled off to jail) or take it down by pure shorting. That would be a difficult task to accomplish. They need the hope and dream of real bad news and I do mean the real thing to do any real longer term damage. But I do agree that there is some strange things going on with options. These people are what Dr. Phil calls BAITERs (Backstabbers, Abusers, Imposters, Takers, Exploiters and/or Reckless people) and they are intellegent. So there's always the necessity for caution. However, the options activity may just be a trick on their part to create additional fear.
I was at the mall on Saturday. It looked more like Christmas shopping. People were buying. Retail was overdone in this selloff. I bought more Chico's stock today.
Don't be a dumb ace, the government is going to pay most of the insurance bills of the younger less prosperous population either on a monthly subsidized basis or as a tax rebate. Subsidies for individuals making up to 400% of poverty level. Very little will come out of their own pockets for those who can least afford it. And your tax/fine is way off base.
I never believed that shorts are borrowing enough shares to short Ebix at opportune times. I was wondering about the ways around RegSHO, so I did some research. So now the SEC knows at least some of the methods that they are using to avoid observation. I wonder how many other techniques that are being used that haven't been detected yet. For every roadblock put up by the SEC, these guys will find a way around it.
Do your kids lie a lot? My mall looked like Christmas last weekend. I had a very hard time finding a seat outside of the stores to wait for my wife. I had to sit much further down the way than I wanted.
$80M in free cash flow last quarter. Comparable store sales up so far this quarter. Store traffic is increasing. And the stock is cheap cheap cheap again. Consumers are spending on clothing again after a lull in sales due to other purchases. Revert to the norm is happening, now. Chico's competition are not in good shape and will not be a problem. The company is buying back stock. CHS will be back to $20 before the end of year.
This crew doesn't care about good numbers. They want CHS to die. ahaveworkingforhavenots is that you Rocky? It sounds about like the old Rocky.
I'd cover tomorrow early. It will open higher, maybe as high as $16.15. That drop at the end of the day was synthetically caused.