Guess how I voted except for the auditors. Remember last year when the outside firm wanted to get their people on Walter's board I pleaded with people to vote for the outside firm and against Walter's nominees how you feeling right about now if you voted for Walter's people. No maybe it may not have made a difference or maybe it would have but it would have sent a message to the board members who have run this company into the ground and those who overpaid for the acquisition a few years ago.
The action has been strange after the morning I don't think it's news as much as it may the HFT's. I sold yesterday's buys a bit too soon before that $8.86. I think it drops back to those $8.55-60 again by later.
Possibly you are short I short almost half of my trades that I do now I don't know about his target anything is possible but if China gets back on it's feet in the next year you will see GM's earnings grow and theses shares will be in the $40's at some point they were there after the dividend announcement and at this point how much more down side is there from here? They will kitchen sink everything in the next few days as far as bad news goes and when the hearings finish this stock may be back around $36+. What must be watched is the hit to sales in the near-term and how bad or not so bad it will be.
It kind of looks that way. The market maybe looking at him fighting with all these boards as a sign of weakness in his investments causing IEP shares to struggle or on the other hand maybe just traders manipulating the shares which would not shock me.
His CNBC interview moments ago with David Faber may have done that it appears but the day is young. Bass said this was political which does make me chuckle a bit but he said this will be a $50+ stock in 12-18 months that I might agree with when all this negative press fades.
Might be some support once Putin stops f-ing with the world. They are hitting his market again I hope they destroy it that will make him back off from whatever his final goal is. MU is hanging in there for now.
Funny how they can do that while the market was essentially flat in the first half hour. I believe the Kerry Russia/Ukraine press conference may be the biggest key today as silly as it seems. The were shorting MU below $24 earlier so if the market does move up later you may see a little extra buying. Zacks but a strong buy on this yesterday and now you this steady weakness in the shares. This market is so contrarian at times.
Spot on I'm not saying PAY can't go higher over time they have straightened the ship with the new CEO and the stock has doubled in the past year but like you said you try to avoid buying tops and wait for pullbacks the market always gives you a chance. Cramer works for his ego he is continually slammed on chat boards and social media there has to be a reason why.... no?
Not talking about URI are we. He also pumped JDSA a few years ago, DMND and $87 in 2012. SHLD in the high $100's a bunch of years ago and so on. Anyone can be right half the time. Cramer has no skin in the game and more money that he knows what to do with. If you believe Cramer is out to help you and me I have a bridge to sell you here in NY. Cramer works for Cramer's ego and he has never severed the ties with his WS pals and his hedge fund buddies. This weekend run to one of his book signings and praise him.
Pumped it to $34 and his hedge fund pals were hitting it near $34 and they are still shorting it now below $33. Besides SBUX and EBAY maybe I'll buy it too. There isn't a cell big enough for him.
Schwab does that on specific stocks overnight from time to time I've noticed. I sometimes think these brokers analyze their clients accounts search for those that are either close or at a margin call then they do this to make people sell stock.
$100-$150 million so far.
Most analysts are schills for their firms book but this guy made some good points and at this point less downside than upside for GM going forward. We are heading into car buying season with better weather on the way. GM has lost over $4 billion in cap the last few days I don't think the legal bill will be that much and unfortunately for the families involved this will not get settled for a few years.
Hoping for $36+ tomorrow. The auto analyst on CNBC awhile ago made some good points....those were primitive vehicles not made anymore that were the problem not todays autos and they have ample liquidity to handle whatever happens.
I agree with you somewhat but like the market people have short memories and the buying public figures that problems will be fixed and in this case the models involved were years ago. Planes disappear from the sky yet they are still jammed. Car sales including GM's have more to do with economic conditions and we just went through a winter that wiped out more than two months worth of activity in at least half of the country so eventually buyers will come out from hibernation. This stock was near $38 a few days ago with stories of it being one of fund managers favs. You buy when their is blood in the streets and the past few days GM had some stab wounds this will be between $36-$37 next week I believe.