Where have you been rgargarino2001? Many industries and companies in U.S. started cutting fat by laying off staffs, closing stores and keep good inventory control to improve their operation efficiency and profit since summer 2015. As much as U.S. Shale facing pressured by the price of oil, but they have also done the same the past 6 months, by layoff, shifting from oil to natural gas, but also through mergers and buyout. I do agree the market faces big crash if we are not prepared, but we have been prepared for slow growth through 2015. U.S. is well positioned and prepared for slow growth as everyone has been warned. Banks are more careful with their lending and much more healthier through audits and stress tests. Europe has just started their Q/E and entering their improving stage like what U.S. had gone through the past few years. Market maybe rich in value and due for a correction, but don't expect a crash.
Sold all my TVIX last Friday because pigs get slaughtered. Market is extremely oversold after over 1,000 points drop in 5 days that wiped out one trillion dollars. U.S. companies have been prepared for the slower growth in the last 6 months by tightening up inventories, slimming operation costs, increasing operation efficiency and margin. Shale companies have done the same as well. Slower growth means lesser revenue, but with cost cutting, inventory control and operation efficiency and margin, stocks might face trading tight range after last week. Meanwhile, everyone will be focusing on earnings instead while TVIX goes into decay affect.
I sold all my TVIX last Friday as well. Future now is even on Bloomberg market future.
ndibari73, I will be very careful staying short after a trillion dollars disappeared last week in 5 days. All the banks in U.S. are regulated and periodically getting audited and stress tests. Don't expect U.S. market to crash like in 2008. Every country has seemed what happened to U.S. and has taken drastic measure to prevent the similar crisis to reoccur again. China has started raising the rate since 2010 for more than 3 years in the row to contain the housing value from skyrocketing and overbuilt. There is no doubt that we are facing slower growth, but importance is every industry keeps good control on the inventory control, operation efficiency and margin and overhead cost. We will be fine. I don't expect shorting the market in 2016 will get a killing profit. The market might be trading side way with occasionally volatility and hiccup by the global news. Greed is good, but pigs get slaughtered.
TVIX has jumped up nearly 77% over last week during the 1000 points drop. I think it is crazy for traders to think that we are going to have another 2008 crisis again. Banks are regulated and periodically getting stress tests and audits. U.S. economy is gong to be fine. Don't bank on system to crash.
Roll your dice to predict whichever direction is going to go. Market lost a trillion dollars last week in 5 days by dropping a bit over 1,000 points. I will not short at this point. Can't bet against the central banks and government. All the banks are regulated and receive stress tests by government since 2009. Don't expect to strike a jack pot by shorting the U.S. economy down like back in 2008.
Based on the very low P/E and strong earning per share, investors shall maintain good confidence by holding on to all shares or by adding more during this China surprise. The world is not going to cut back on protective gloves and protective suits to expose themselves for dangerous virus and diseases just because of China's Yuan took a surprise fall.
Sentiment: Strong Buy
Can't believe that we have so many big down days this week based on good job report and economic data. If China can influence U.S. market so much even if US. is doing well, where can you put money?
FS Investment (FSIC) CEO Michael C. Forman bought 85,110 shares during the past week at an average price of $8.99 per share
CFO William Balke Goebel bought 2,500 shares of FS Investment stock on Nov. 11, 2015 at the average price of $9.62
Opko Health (OPK) CEO, Chairman and 10% owner Phillip Frost, MD et al bought 20,000 shares on Dec. 30, 2015, at an average price of $10.05 per share. Opko Health was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics Inc. Opko Health has a market cap of $5.48 billion; its shares were traded at around $10.05 with a P/S ratio of 20.10. Opko Health had an annual average earnings growth of 9.50% over the past 10 years.
I especially googled David Einhorn 2016 investment update today to find that he still owns 18.6 million shares of SUNE at cost of $17.39 even after some reduction of his holding at the end of 2015. If SUNE is truly as bad as some comments from the short traders on this board, David Einhorn would sell off all his holding at the end of 2015 when he was reducing shares. I would like to think that David Einhorn knows much more about SUNE than all these short traders on the board.
Sentiment: Strong Buy
I don't feel so bad anymoe after finding out David Einhorn holding for SUNE at average cost of $17.93 for the new update in 2016. David Einhorn did reduce SUNE holding at the end of the year in 2015 for tax loss purpose. However, he still owns 18.6 million shares.
Thank you all for the input and replies. I remember Rackspace received a buyout offer early last year at $50. Do you think they made a mistake not to take it or they sincerely believe they are the company worths more than $50 a share?
Sentiment: Strong Buy
Mar 10, 2015 CHATILA AHMAD R
32,000 Direct Purchase at $22.49 per share. 719,680
I agree raybans the turmoil we have is not going to be a few days things and everything will be fixed and be ok right away. China government faces huge challenges to try to repair all the bad loans that they have been trying to cover 3 years now. The holes are just too big and too many. I knew they will eventually have to face the music back in 2011-2012, but had no way to tell of the timing. Is this going to be the beginning tip of the iceberg or not will be a good question. No way that we are even near the end of it nor they have even passed the middle of it. The market will get a temporary bandage next week, but the bandage is not going to be enough.
You can spin the way you like it if you are short. There are always two sides of arguments depending on which side you are on. Obviously you are short.