buys stock in bulk! Stock up and save!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Absolutely agree. The one wild card here is that all of these major companies are holding a TON of cash. And, they have no problem getting rid of employees to streamline. ...Sooner or later they'll be spending that cash and when we finally do hit the bottom...maybe October - we'll see it stay flat for a bit, but when these guys start spending money...watch for Dow 15-20,000.
Drops like this have a way of bringing out 'extra' bad news.
Vix at 27+ ...good time to sell options.
Looks like a White Knight holding the price until the deal can get closed.
I would be ridiculously disappointed to see SUGO trading only at $.03-.05 with a financing. The reality is it should be at a minimum of $.015-.02 for every million in financing they get.
They get $10 Million it should be trading $.15-.20/share.
They get $20 Million it should be trading $.30-.40/share.
JMO.
Here is how the other cable companies are doing...(not good).
Financially speaking WNRC is in a VERY VERY good position. No debt! Absolutely a quality stock IMO.
CHTR Charter Communications... 48.10 -3.26 -6.35% 5.29B
TWX Time Warner Inc. 32.69 -0.88 -2.62% 34.16B
LBTYA Liberty Global Inc. 40.21 -1.03 -2.50% 11.49B
TWC Time Warner Cable Inc. 67.53 -1.94 -2.79% 21.97B
CMCSA Comcast Corporation 22.14 -0.63 -2.77% 61.03B
CVC Cablevision Systems Corp. 22.06 -1.04 -4.50% 6.35B
SJR Shaw Communications In... 22.04 -0.60 -2.65% 9.60B
VIA.B Viacom, Inc. 45.08 -1.88 -4.00% 26.38B
ICABY i-CABLE Communications... 1.79 0.00 0.00% 180.03M
DISH DISH Network Corp. 26.92 -1.88 -6.53% 11.97B
NETC Net Servicos de Comuni... 9.33 -0.33 -3.42% 3.20B
It's a market enema. Every crash is followed by a bull rally...I thought 2 days ago was the bottom...oops? The cost of options right now is ridiculous as you are paying twice of normal for Vega. Still think we close around $56 today.
Wait until the margin calls come...more down days ahead. Buckle up for a bumpy ride.
The market crashing is only going to make gold look that much better as an investment. Can only be good for SUGO.
Yes. I just closed out of my silver puts from yesterday...helped soften the loss on my QQQ calls. Just bought some 55 calls on QQQ at 55.05...looking for at least a $.50-1.00 bounce back on QQQ.
Holding with volume has been a positive IMO. Deep pockets supporting this.
That would be fine with me! Needs it. Been patiently smoking my pipe and drinking scotch to pass the time.
Bought a few August 5 calls this morning on the flash downside...sold out and took my double...still down on my overall QQQ calls, but maybe we see tomorrow go up too. Bought a few Silver Puts at the close. - Interesting market to say the least. Wouldn't be surprised to see another streak like this put together (of down days) over the next 1-2 months.
Absolutely agree...Good stuff to come.
And the largest Wall Street Companies are sitting on 2+ Trillion in cash...
I hope that the market comes back like it did in March after the flash crash, but not counting on it.
Has to...never seen more than 8 days down in a row.
Not much chatter considering the volume. Should be close to some updates.
Funny, someone pimps their horrible website domain name to get VuQo to sponsor it... VuQo is dead?
DJIA: 11972--200-day simple moving average
NASDAQ: 2703--200-day simple moving average
S&P 500: 1284--200-day simple moving average
Getting close...
I think the rating is going to be shot (75%)...but they'll get a deal done.
The rally here will be short, but sweet. Enjoy it for a day or two...then wait a few weeks and watch the bottom fall out.
As the government struggled to reach an agreement on raising the debt ceiling, the U.S. Treasury's cash balance fell to $74 billion this week. That's less than the $76 billion that Apple now has in cash.
http://www.latimes.com/business/la-fi-apple-cash-20110730,0,6198166.story
Bought 200 Calls on QQQ for Monday. August/September. I'm ready. :)
Market Cap is ridiculously small when considering where this can go. Weak hands haven't done the math here. One peice of news and this can go like a mutha.
Wild ride coming...
AAPL 85% bullish of 363 ratings
GOOG 87% bullish of 438 ratings
SIRI 80% bullish of 61 ratings
IBM 80% bullish of 40 ratings
GLD 76% bullish of 34 ratings
CAT 95% bullish of 19 ratings
EBAY 73% bullish of 15 ratings
UNP 100% bullish of 6 ratings
MSFT 76% bullish of 80 ratings
GE 88% bullish of 56 ratings
Should be a wild friday.
IMO...yes.
Spoke with Dan today. Guess he was in San Francisco this weekend looking at opportunities. I imagine it wasn't just a vacation since he was there with other WNRC management. MY guess...expansion is coming.
My gut says Reid/Boehner will make a statement tomorrow to calm the markets - rather than battle. They pretty much have to. HangSeng and Nikkei down on the news...Got a few hours to come up with a plan of action.
I could not agree more. The Republicans are going to say at least we came up with something. Obama didn't...and Reid's plan is based soley on getting out of Afghanistan/Iraq. I think Boehner should go just a little bit past what they are willing to take, then come back and meet in the middle. However, I believe they'll just do a simple raise the limit by a trillion and come back to it after the election (of course).
Trying to get shares. Probably just $3-5,000.
August-December is the golden period for news for OTC companies. IMO This can double.
Ended the day with some CALLS...hoping for a silver lining in the House/Senate vote...at least on the rhetoric. I.e. sold my PUTS at $58.20 after buying them at $58.89.
Hey...most OTC stocks have gone out of business over the last 5 years. ESFS is priced the same as it was 5 years ago. But, is actually selling product and has partners. A bit of dilution, but obviously...the company is a going concern. Sales numbers aren't too good. But, it's the same story if they can close big on a client its all good... BTW, did anyone see Whole Foods is expanding 100+ locations today?
I'm in this as a trader...anytime you can buy at $.07 and sell at $.15 it's worth it.
Just bought PUTS at 58.89 on QQQ.
BSX goes huge...when I no longer have any :(
I've lost a lot of money on my opinion...just remember that :)
Closed my puts...watching the market...might come back in for September PUTS if QQQ goes back to $58.30+
So, if all of the Seniors out there don't get a Social Security check because of a default (after the Republicans present a plan AND Obama vetos it)...do you think they'll blame Obama for not passing it? :)
Buying Put Protection on Stocks, Avoiding Bonds, and Staying Long Commodities
http://seekingalpha.com/article/282230-buying-put-protection-on-stocks-avoiding-bonds-and-staying-long-commodities
The trend is still well in place -- it only takes one look at a price chart of gold. Here's how to invest given the new realities of the market:
Shorts
IWM: The Russell 2000 is trading for 30X earnings and 3.5X book value. While all the king's men address the debt ceiling, the country spirals further into insolvency. The fiscal situation and structural employment issues are simply not bullish for already overvalued small-cap US companies that have little to no exports. Unless you are buying small-cap stocks trading well below book value or for 3-7X free cash flows, most small-cap stocks are a solid sell here on a valuation basis and based on the lax rules on monopolies in the US. How this bubble ever got re-flated to 2007 levels is beyond me.
QQQ: The Nasdaq 100 is also in a bubble and when the economy heads lower, Americans may not be able to afford that iPhone 5. Notice how the revenues are rising for many of the bellwether tech companies like Netflix NFLX), Amazon (AMZN), etc., but profit margins are declining. If the economy slips back into recession, which it very well could, the QQQ could sell off hard.
DRN: If you want to buy real estate, you should avoid buying REITs here at nosebleed levels in my view. Many REITs are trading for 50X earnings and 30X free cash flows. If rents continue to rise, people will be moving out, and many of these tenants could be pushed out onto the sidewalks of American cities. It's sad and scary, but it's also not bullish for DRN.
Longs
SGOL: Gold in a bank vault in Switzerland -- what could be less risky than that right now? Cash, you say? I say that Federal Reserve notes aren't money. Gold is one form of money that has been for some 6,000 years. We are held hostage by a fiat system and inflation.
SIVR: This physical silver ETF looks legitimate to me and seems to not carry the execution risks of an SLV. I am long the August $34 and $36 calls here with a fairly low premium to owning the fund directly which lowers the downside risks substantially. The dollar seems to become worth less on a purchasing power basis by the minute. Maybe this trend will reverse itself soon, and in my mind that will be a welcome development for the US worker and saver.
PLPT: This physical platinum offering looks to me to be the best play in the metals because platinum has not rallied as fast as silver and gold. Platinum has essentially traded flat with inflation over the past three years and has not risen like gold or silver, which are actual money. I still think platinum is money, although to me it's just a less volatile currency that Bernanke can't print.
DBA: Speaking of printing, you can't print corn or soybeans, which is why I am long DBA. I would love to go long a lumber ETF, because then I could directly leg into the printing of money bull market. Of course, QE2 is over, but the inflationary pressures are still here to stay if this summer's heat wave hurts crop yields or if the Fed prints more money when we default next week.
DIA: The Dow is cheaper than the Nasdaq, Russell and S&P 500 on a PE ratio basis and the index is up much less than its counterparts. If you back out the best performing stocks in the index, you can see that many Dow components are still 50% or so below their 2007 peaks. I like this index fund, but I would rather be long the August $122 calls and short the August $126 calls than buy the fund directly.
I don't want to scare people, I want to help them to wake up; the more money we spend on policing the globe and the more money we print to move stocks and inflation expectations up, the less our money is worth and the lower all of America's standard of living becomes. We can raise the debt ceiling and make inflation worse to appease a merit-less rating agency, or we can try to stop the bleeding right now before it gets worse. Personally, I am hoping we cap the debt at $15 trillion and put a noose around Geithner's credit card and place a cast around Bernanke's shaky print finger.
Disclosure: I am long SIVR, SGOL, DBA.
Additional disclosure: I am short IWM, QQQ, DRN
Might come in at $.06 on the bid. This stock ALWAYS has a way of running back up to $.12 and I imagine they'll be putting out news to get it back there.
Everyone has to make their own choices...but in this market I just think its topped out and we have a lot of bad news ahead of us. If it sounds like (the rumor) we get a deal done for the debt ceiling it will be time to go long some calls and sell on the actual news. But, being 10 minutes late could cost you. If they can't compromise...we are in for at least a 5-10% correction IMO. I know it sounds huge, but it's kind of a big deal. I still think we see a flash crash in August-October (5-10%). Just glad I'm all cash for now. A LOT less sweat. Just have fun money out to play now (less than 6% of my portfolio).
Keep 10% in precious metals. I seriously doubt they will crash more than 5% in any market right now...and if the crap hits the fan...well, they go UP!
At AA the US will still be a safer bond market then any other AAA. This is all BS politcal wrangling. Obama doesn't know how to work together and compromise. He only knows how to attack and berade. Listen to the rhetoric...not "working together" it's the blame game.
Those who voted for Obama hope the like the change he promised. The great experiment hasn't worked.
Lowtrade put it very well...all the companies are pocketing cash, because the government has made money available for them to do so. What do you think will happen to the already wounded housing market when rates get pushed up on a credit downgrade? You don't lose money when you cash out. Just future profit. I'd much rather be on the sidelines watching it fall with cash.
Recession will accelerate.