Friday, July 6, 2012
07/06/12 Don't mean a thing if it ain't got that bling
Bullshit. Any bling this morning won't mean a thing to those still unemployed, which happens to be a ----load of Americans. Most of the time we're able to 'see' improvement in the jobs report before it gets reported- the report itself is a lagging indicator. I don't expect a great number. If we get a great number, you'd still have to slap me on the back and ask why I'm not cheering.
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illini,
ReplyDeleteI have a small long position in Gasfrac from a much higher level. It's a speculative position and one I think will either be a big winner or big loser.
If their technology can gain even a strong niche, let alone become mainstream, it will do really well. Look at Poseidon Concepts in frac fluid management - was a sub $1 stock as part of Openrange before it got spun out and now it is $12.
SQNM - Word is, ruling from injunction hearing weren't in SQNM's favor.
ReplyDeleteSo manufacturing was the bright spot?
ReplyDeletepicked up some more DECK at $45.4 at the open.
ReplyDeleteNo relief from the heat is in sight, day ot night.
ReplyDeleteJVA looking perky.
ReplyDeleteAPKT...guidance...Wonder if we might be seeing a trend here.
ReplyDeletemaybe...the stock was too expensive relative to earnings and potential growth, though. STX meanwhile...I don't know how people are selling that one off. Trades at like 3 times earnings? I guess it's a cyclical stock...wonder what the average EPS is for the past 5 years.
DeleteJust when I'd begun to think it's time to short T's...
ReplyDelete7/6/12: 06:38:00 MARKET TALK: Might Further Stock Buybacks be Coming at Deckers?
ReplyDelete9:38 EDT - Susquehanna suspects Deckers (DECK) might opt to substantially increase stock-buyback efforts as the footwear maker's shares have slumped 40% this year. "We suspect at these levels management is considering more aggressive options to support the stock," says the investment bank, which lowers its price target to $65 from $80 while halving 2012 international sales-growth estimates and lowering EPS views. Susquehanna adds, "We believe management feels the best use of cash is its stock."
Buy the dips again? I don't think so. Not right now- although I'm turning more bullish.
ReplyDelete1,340ish should be some decent support if you're watching the overall market.
DeleteVIX almost flat, I think we might get a little more downside and then a rally to new highs potentially. Could be setting up exactly as OT posted about.
ReplyDeletePicked up some more DECK at $45.2.
DMND - It's green laddie, WTF?
ReplyDeleteoversold. See GMCR
DeleteYeah, only natty's been oversold longer. ;)
DeleteAnything worth buying on this day of weakness, or should we be thinking of getting out instead?
ReplyDeleteI guess the bad news is factored in, it's no secret the economy is attempting to claw it's way back...
DECK bro! Then again I like the long term valuation on this so I would only recommendation buying in bits.
DeleteMost oversold stocks are setting up...JVA and GRVY look decent.
I've got my eye on DECK, believe me. And if SQNM tanks I'm hoping this coincides with an entry opportunity (lateral move). The way they sold DECK to $44 seems stupid to me, wonder how much more stupid is still there giving their money away?
DeleteMakes you wonder if the two downgrades today on the stock weren't done to help clients get in the stock cheaper after yesterday's pop.
DeleteJJG - I'm surprised to see grains off today, but it's been a decent run, thus...
ReplyDeleteI've gone to Slopeofhope several times and seen him mocking certain social networking stocks or internet stocks at times...and I'm pretty sure every single time he does this it marks a bottom. So is it time to buy GRPN?
ReplyDeletehttp://slopeofhope.com/2012/07/isnt-he-just-precious.html
Umm...OK...
ReplyDeleteCEO Elop says "nothing is wrong with Nokia" working hard on "extracting value for shareholders"
"extracting value for shareholders"
DeleteAre you sure he didn't say "from shareholders" as opposed to "for shareholders"?
AAPL is murdering everyone, taking no prisoners?
What's the net cash position (i.e., after subtracting debt) on that sucker? It's over $2 right?
DeleteDECK - I get it now maybe, rally into earnings?
ReplyDeleteSo, I've raised my stink bid to $44.01 from $42.50 just in case they take it back to this support level.
Looks like the trend day is over. Was setting up to look ugly into the close but it looks like that MIGHT be over with a higher high just now.
ReplyDeleteFeel free to ignore that!
Delete$135 SPY needs to hold up, else I guess we get a chance to buy lower.
DeleteRIMM - Someone's buying this thing? Really?
ReplyDeleteStressed corn crop means less COW to go around?
ReplyDeleteJNPR - Another one that's been plenty beat up lately.
ReplyDeleteDECK - This sucker's really hanging strong once today's weak hands bailed, what a difference in characterization!
ReplyDeleteYeah I still think the bottom is in. Keep in mind that they have had 3 huge temporary factors kill it's business:
DeleteEuropean recession
Hottest winter on record
Highest sheepskin prices in 20+ years
I think it's a testament to how strong the company is that they were able to grow revenues and still should earn $4.50 to $5/share. When those factors go away in a couple of years and they continue buying back stock you know that the momo crowd will be back on this thing and by then earnings could be $10+ per share. Do the math - 10 EPS x 20 = $200.
Ummm VIX is about to go negative. Rally into the close?
ReplyDeleteWDC - This one seems not too interested in going lower.
ReplyDeleteLMT - Wins $17B contract.
ReplyDeleteTGIF, time for a beer run!!!
ReplyDeletenew post
ReplyDelete