it's called rocky mountain high...got it in Denver. ;)
hold it in their funds for a couple of years optimizing Greek assets, discarding non-essential liabilities, collect their 2% annually then sell and 20% profit when the job is done.
:) :) :) Happy 4th....
btw, need not necessarily redeploy into equities with cash, can just benefit from holding cash balances when rates inevitably rise from near zero levels since crash...no risk with the interest income play.
fyi, I do NOT have all my eggs in acas basket, so this hiccup and, i agree, it IS a very frustrating hiccup but coming after a big run-up from 2008-2009 so this is NOT so problematic for me. Cash hoards in taxable & ira accounts, waiting to redeploy into equities with any 'significant' downside anomalies, and another big p/e winner gives me the capability to ride this out calmly & cooly ala Ralph Kramden...pins & needles, needles & pins it's a happy man that grins... LOL :) BTW, I think that blankwillie is in a great, trending biotech sector. In addition to his pick, I would look at symbol JUNO and will keep an eye on BP as the price of oil slides with IRAN pumping oil again. GE too on continued restructuring to get their debt manageable and to get industrially rather than financially focused. Nice dividend too....
survived to thrive and to diversify!!!! GL
i'd rather have acas pay in options rather than cash!!!! duh!!!
Willie...then likely the SEC would need to get involved and open an investigation into suspected illegal trading practices and colusion by market makers and short traders on this board!
should give us some room to run!
U.S. short-term interest-rate futures contracts rose on Thursday as a weaker than expected government report on jobs prompted traders to put on bets the Federal Reserve will wait to raise interest rates until next year.
Futures contracts show that traders now see January as the first Fed meeting when a rate hike is more likely than not, based on CME FedWatch, which tracks expectations using its Fed funds futures contracts.
Traders see just a 49 percent chance of a December rate hike, down from 57 percent just before the report was published. The report showed a drop in the U.S. unemployment rate to 5.3 percent which reflected an exit of workers from the labor force rather than a strengthening of the jobs market.
The Fed has kept short-term rates near zero since December 2008.
way to go malon & Co....converting the market-specific decrease in acas share price into a
POSITIVE going into Q3!!!
options timing 'speculations'....you should have gone to atlantic city or las vegas instead, at least there you'd get free drinks...
actually, all mikey has to do now, even if he's been burned by acas in the past and i'm not sure how that is even possible after 2008, is to BUY at these bargain-basement prices. company-specific risk is the lowest it's been here since 2008 but market specific risks are other stories...greece, fed, interest rate risks, etc. are all big question marks. I will sit and wait it all out...this too shall pass.
mike, please don't worry about long-term acas shareholder's, we've been well cared for and will be again soon enough.
yes, yours for short & distort stock manipulation...except a letter from the SEC in the mail "shortly". ;)