Ha, ha! I saw that one the other day too and had to read it a couple times. I'm thinking that would be the same thing the rest of us call "toes"??
Perhaps, but you see how it takes a +100 point down day on the DJIA to get a 5% upward movement in UVXY. And there will be a +100 UP day in there somewhere which will wipe out several 5% up days.
Would that be the May 20 expirations? Those option prices swing so much and I did not look that hard at the option premiums last Friday.
One up day in the market destroys the value of this POS at about twice the rate of one down day of equal magnitude. In order for this POS to actually make a meaningful move up, we will need to see several consecutive down days, IMHO
Wild swing today that's for sure - to me that sounds like "volatility"!!! We'll see where this goes next week.
If I recall correctly, the stock proceeded to tank after the passing of the record date the last time they did the special dividend. Hard to imagine the same thing is not going to happen this time as well.
He did the same thing with food stocks - HRL, CPB, TSN. Then in the next breath he'll advise folks not to buy stocks when they are at 52-week highs.
I find a lot of similarities between the TSLA bulls and those who used to tout 3-D printing stocks back when they were at bubble levels as well.
Sentiment: Strong Sell
Please do not portray that you possess inside information that is not known to others. Have they developed a sandwich that cures cancer or something? The fact is here, that it's a restaurant chain with a PE of 37.
I don't disagree with that suggestion, however in my opinion it doesn't matter what they call it because it's a pretty crowded space and I do not think it has much chance of success.
Sales versus the prior quarter have fallen now for 3 straight quarters. So how does HRL improve margins on declining sales? It's because they are still essentially a commodity business that rises and falls with live hog prices and grain costs. They talk about value-added blah, blah, blah but that's really just window dressing. They've done a good job of creating this image of a high-margin packaged food company (these earnings releases read like a product marketing flyer), as opposed to a slaughterhouse which would be more accurate. The stock has a PE of 35!!