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OT: I think 80% of my connections on LinkedIn are people I work with. I have no idea why collegues, that I already know, want to be connected. Baffling.
On the plus side, I've used it to post job opportunities and have gotten pretty good responses.
The emails I get are usually automatice deletes.
Tanker AYI.
WOW. That's ugly.
HOGS: Too funny. Here I thought my seemingly limited resources would limit my ability to put down millions. Who knew.
Short ideas from @trending123. I just started following this guy this morning. Interesting chart setups if you think the markets are starting to turn. I like his charts and especially his annotations.
http://chart.ly/ephjjn7
And Happy Easter everyone!
10 Tips If You Are Losing Money In This Market.
http://bclund.com/2012/02/28/10-tips-if-you-are-losing-money-in-this-market/
I read this blog regularly. Usually a good read.
JCP: Clearly you're not cut out for the business world . If he could have worked in some "synergies" and "ecosystems" I'd be all in. But , that was some pretty good BS as BS goes.
JCP: JC Penney Is Firing 10% Of Its Corporate Staff
Around 600 of the 5,900 employees from JC Penney's headquarters in Plano, Texas, are getting fired, reports Maria Halkias at the Dallas Morning News.
It's another step in the management restructuring plan that CEO Ron Johnson put in place in January. JC Penney says that it expects about $200 million in savings from its HQ.
Not only is JC Penney doing it to save money, but it's also making a culture shift.
Here's what Johnson had to say in the press release:
"We are also transitioning from a culture based on management to one based on leadership. We are going to operate like a start-up. We are going to extend the reach and span of control of our very best talent. We are going to be nimble, quick to learn, quicker to react and totally committed to realizing our vision to become America's favorite store. Often in business, companies must streamline in order to leap forward."
Read more: http://www.businessinsider.com/jc-penney-fires-600-employees-2012-4#ixzz1rBbJWUoK
Read more: http://www.businessinsider.com/jc-penney-fires-600-employees-2012-4#ixzz1rBbDgA7z
OT:SHLD: So I'm looking to buy a new dishwasher and went to sears this weekend. Felt a little bad that I was shorting them; well, not really. We found one we liked, but decided to see if it would go on sale in the near future. I just went to their site and they have a "follow price" button, and I thought perfect. To follow the price, you can use your twitter account. Again, I thought perfect as I keep a pretty good eye on my twitter stream. Here's the catch - if you give them access, they can tweet for you (see image below). So I can post charts shorting SHLD, and then they can tweet on my behalf. Too funny. Suffice it to say, I'm not giving them access.
AAPL: I think you're right. Trying to grab some weekly 630's.
SHLD: thinking the same thing. more room to the downside me thinks. thought about shorting that initial strength at the open today. it's been doing that lately - showing some strength at the open and then plummeting.
SINA: Shares Of Sina Are Tanking After China Goes On Weekend Censorship Rampage
Read more: http://www.businessinsider.com/shares-of-sinacom-are-diving-pre-market-after-china-goes-on-censorship-rampage-over-the-weekend-2012-4#ixzz1qsyaGf79
GPN: you guys have any experience with this type of play? Just read an article about the breach and it looks really big - maybe 10M cards affected.
SHLD: great job AD. boy do I know when to pull the trigger. sheesh. take it down to 30 where it belongs.
NFLX/AD: Yeah, I shorted it at least 5 times on the way down, and never for a real nice gain. Think I actually lost money once. Go figure. Good idea, poor execution.
SHLD: closed my short in it yesterday. Took half last Friday. I'll keep an eye on it, but the high short interest coupled with the 3-4% gain spooked me.
edit: getting spooked has been a theme with me. looking back I shorted NFLX at 300 and my oh my had I just held. never seem to quite have the conviction that I do on long plays.
GMCR/AD: we have the reusable cup and I think my daughter regularly uses it for tea. I personally use the disposable k-cups as I like the variety. My wife has us stocked for armageddon. If there's ever a coffee shortage, I'll make a killing.
Good choice. That explosion was probably just a rogue meth lab anyhow.
Just caught this from Benzinga: Boise, ID Police Spokesperson Says $MU Facility Explosion Was Minor, 2 Floors Below Ground, Did Not Disrupt Production Facility
Just a simple, ordinary, run of the mill explosion. Nothing to be worried about. Happens all the time. Sheesh.
MU: thanks for the chart manti. I don't see a whole lot in it outside of a wedge forming, but I'm no professional that's for sure. Not sure what's got the big monies attention.
MU ... I have no idea; just watching the big money. Very interesting.
GMCR: We've had a keurig for 3+ years and love it. I agree that it's not green, but I make up for it by recycling every weekend. Didn't stop me from shorting GMCR a while back though
MU: check out the call buying today. Over 96K $10 Apr calls. Somebody know something?
SHLD: I couldn't get borrows either, so went with the Apr 70 puts. And I probably wouldn't be in the trade had I not seen Mikeys post!
If it gets much below 71.3, I don't think it has much support until 69 and then 63 ish. All JMO.
Tanker SHLD. Too much to ask for? Am I being greedy?
iHub needs a "like" button. Well said IMO.
SHLD: starting to really roll over now. Wouldn't be surprised to see a move to $75 ish.
SHLD: That was a good read. I went very small on my position, but the chart does look ugly on multiple timescales. Wish I could have found shares to short.