WBA and CVS and others are being manipulated by the big hedge fund managers/day traders. There is no reason to have this kind of volatility short of a bunch of big traders. It's WAY past time to start taxing stock trades!
Wow! - check out today's Chicago Tribune's article "NYSE alarm yields $750K" (in the Business section, page 1) that talks about illegal high speed trading. And yes, the fine should have been much higher!
Yeah, I've been watching WBA and CVS for years now. Investing in stocks used to be fun and interesting. Now that the day traders have access to hyper-fast computers, it's all pretty much a #$%$ shoot. They just play WBA against CVS. Watch the number of shares of each traded on a single day.
...except when it goes down (like yesterday). Somebody's having a field day playing WAG against CVS!
Sentiment: Strong Buy
You spammers are a pain in the #$%$ It would really be nice to hear the thoughts of real WAG stock holders. Go blow your smoke over on CVS' board.
Sentiment: Strong Buy
The WAG & CVS activity has been curious the last several weeks. Relatively major swings on a day-to-day basis, generally without any known/obvious reason. It just makes me wonder who's making the big bucks with all of the swings.
Sentiment: Strong Buy
While $50-60 has been the split price in the past, I think it's a different world today than 20 years ago. I'd probably say it's now $75-80 and they'll have to be in front of CVS. Let's see where the next month or so brings us. Big swing today!
PRU seems to be falling like a rock and yesterday's news said that their quarterly profit tripled? I really don't understand this, nor the entire market for that matter. Anybody have a reasonable explanation besides "there are more sellers than buyers".
I am a full fledged WAG stockholder for over two decades. I like WAG stores. I have only been in CVS one time and I will never go back. That said, I've not been happy with my WAG stock for the last few years. From my viewpoint, management seems to focus on their compensation more than anything else. One of the proposals at this year's annual meeting was about getting paid cash instead of stock for bonuses! I was waiting to hear, based on recent stock performance, that management was going to take a pass on bonuses this year. I guess management's viewpoint and mine are polar opposites. With all of this in mind, I am turning from a "buy and hold" shareholder to one that will invest money in a company that gives me a "feels good" and today's WAG is not the one I knew 20 years ago. I am keeping my fingers crossed that management gets back on track and soon.
Yeah, most of the proposals (in the BOD's favor) were won by a wide margin (93% vs 7%). I suspect that a lot of shareholders just don't vote or even read the Proxy Statement. I am most ticked that the BOD/senior management proposal "to have their bonuses paid in cash rather than stock" passed. That WAG senior management even had the chutzpah to put that proposal on paper just astounds me! That move would tell me that WAG management is not very positive about the future.
If you want a really good laugh, read the section in the Proxy Statement about Hal Rosenbluth that used to be chairman of Take Care Health Systems. He's been retired for years and yet WAG is still paying for his jet-setting worldly adventures! (p 57) Give me a break!
From my viewpoint, we could get rid of the entire senior staff and BOD without losing much and could save a boatload on the generous benefits they award themselves. Where's CRW when you need him?
Yank, I listened to Mr. Wasson yesterday and I agree with you on the current "mis"-direction of WAG. Above all, I was truly amazed and disappointed that the WAG management's proposal (which passed, by the way) to pay bonuses IN CASH instead of stock even made its way to the proxy statement. Their reasoning for this seemed hypocritical as they spouted that they were really looking out for the best interests of the stockholders for the future. Looking at today's stock market performance, I suspect plenty in the audience saw right through the charade. I'd sure like to see a resurgence of yesteryear's WAG where executive compensation didn't seem to be the number one concern of management.
You wouldn't happen to be a WAG pharmacist, would you? If so, and if you are SO unhappy with the company, go find another place to work. WAG doesn't need disgruntled employees. I sure wouldn't want you on MY team!
So Tuesday (3/22) WAG is down significantly even after posting good numbers. It didn't make any sense to me and plenty of others. And then interestingly today, WAG buys Drugstore.com . And today Drugstore.com (DSCM) is up 111% with a couple of hours to go. I'd like to know if there are any investors out there that sold WAG on Tuesday and bought DSCM. Hmmm...insider trading? Maybe something for the SEC to look at?
First, I will admit I am not a financial wizard, but I do follow common sense. Today WAG is down over 7% (right now) after meeting the street's estimate of $0.80 for this quarter. Profits are up 10%! From my perspective, this stock should be up today. I wonder who's manipulating this market and why.