except at Best Buy (just kidding). The internals were weak also but it will be ignored because if the shutdown and Fed printing money until we are all six feet under. I've been saying I believe the rally runs out of gas after Thanksgiving and I still believe it. Happy Thanksgiving shorts & longs!
They were written mostly by The Motely Fool and Seeking Alpha daily who helped get BBY shares to where they were along with the never ending parade of upgrades by analysts. In fact one of the writers who almost guaranteed a dividend increase in September was an older gentleman based on his photo. I'm noticing that both groups have not really been heard from since the last earnings release. Based on BBY's recent action with the Dow up almost everyday recently it would appear the mojo may be gone from the shares after that report. Even Cramer's ranting on his Friday evening show about buying BBY on Monday has faded.
This was a gift.....from Tiffany. Back near mid $55 by Friday- Monday. A lot of fluff moved this today. Wish I still had the cheaper shares I bought after earnings but I have made more in other trades elsewhere but I do like COH eventually on the turnaround story further out.
According to some of the articles here on Yahoo a few months ago the writers almost guaranteed that BBY was supposed to raise the dividend and repurchase shares. The CFO told us otherwise. The .17 dividend is no longer a monster reason to buy shares up at these levels. Try SPH or APL if you want the same price range. SPH is a bit safer I believe I have been buying and following them for a bunch of years now.
You got a nice Thanksgiving. I'll bet when you woke up today you never would have imagined this move Tiffany or not. I think you will get that $55 in a matter of days.
The HFT's own it for now. When they change the software direction watch what happens. This was up near 5% on the back of TIF. WS having fun around holiday volumes. Look at S today the same is going o there.
No not yet but I am watching this $57 area maybe to start some shorts this is the market having some fun but this will fade based on Coach's recent reporting history. By Monday this will be in the low $55's. Hedge fund and HFT's are using this to trade with TIF for now
COH was downgraded today. This pop will fade back to mid to upper $55 by the close. They are playing with COH, S and a few others on my screen on now news just lighter market volumes around the holiday.
For a trade I could not agree more this is coat tailing TIF's report. What changed overnight at COH? They have been missing now for a bunch of quarters and are in a transition they say. This was at $49 after their earnings it has no business being up here at this point other than following the Fed driven rally. This will be back under $55 by Monday. This is a momentum driven short squeeze and just took another leg up during lunch time. This will fade there is no real conviction in these trades today other than to catch shorts in a light volume week.
Amazing how WS can do whatever they want and sometimes follow the direction of bigger option plays. Three weeks took away a few months of upside work. With lighter volumes around Thanksgiving the moves may get crazier. The shorts are trying to shake out weak hands to a lower price before year end to scoop up shares on the cheap for a 2014 move higher once again.
Why all in if that's true? Diversification? Take some tax loss at the end of the year and wait here until this bottoms soon and buy more to offset the higher cost factor but do it before you take some tax loss ("wash rule"...buy before you sell for the loss). There are thousands of stocks to buy most better than NUAN's track record. Good Luck!
This is going to be sold soon for tax loss for funds and individuals as the year comes to an end. I have gains this years and I have to start selling my losers for 2013 soon. If I was long this stock I would probably take the loss now before this hits the $12's by year end.
Agreed but if the analysts do what you say it will be more than a one day event. Watch to see if it closes on the lows tomorrow if so it goes even lower on Wednesday. Nuance had better hope Icahn does not sell for a tax loss since it's near that time then the shares will drop to newer lows if that happens. He has an $800+ million gain on NFLX alone this year. Boy did he miss with this one. All these guys make mistakes just like the rest of us.
I'm not short or long nor traded this for awhile now but this report was horrible. I got attacked on this board a couple of reports ago with similar results when I was critical of NUAN I believe the stock was near $18-$19 then. The after market lows tonight will be taken out tomorrow they almost always do it with reports like this the next day. Without Icahn this would be at $12. I will put it on the screen tomorrow to watch the action and maybe start a position over the next few days.. This was Bad!