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Picked up a first buy at $4.99
Looking for a buy shortly, $5.12 currently
Looks like FAZ might test HOD soon of $5.70, that would be fine by me.
Happy Trading!
Very nice day today, I sure hope many are Green now. I was on the wrong side for awhile but was able to make some profits today with averaging down.
Happy Trading!
Yeah this is hurting a little bit. $4.85
Wow look at the dow running today. Grabbed some more FAZ at 5.27
Seemed like there was already good news out last week, Im sure there could be more to come.
Cheers!
BPUR Small bounce of .165, I was looking for .15 might of been too conservitive well see.
Wouldnt that be nice.
Looking good so far. Nice move this AM.
Looks like its going there. Great move recently.
Happy Trading!
Dow on a tear at open, grabed some FAZ at 5.42
Morning FAZ'ers, Wow Futures up a lot this morning, not looking good for FAZ at open today.
Happy Trading!
Yeah well see, I added some at $5.62
Sony Reports Quarterly Loss, Sees Another Year of Red Ink
Sony reported a second straight quarterly loss hurt by a firmer yen, sluggish sales and restructuring costs, and it forecast a smaller-than-expected annual loss for the year ahead.
Consumer electronics makers worldwide were battered last year as the global downturn dampened demand for TVs and mobile phones. Japanese companies such as Sony, Panasonic and Sharp suffered an additional blow as the yen's strength made their products less price competitive overseas.
Sony [SNE 25.85 -0.99 (-3.69%) ]saw sales at its cellphone joint venture with Ericsson tumble, while costs to shed jobs and close plants also weighed on the company, which vies with Panasonic for the title of the world's largest consumer electronics maker.
Futures Unchanged After Wal-Mart Results
Stock futures were pointing toward a unchanged open Thursday as Wall Street worked through the quarterly earnings of retail giant Wal-Mart (WMT: 50.03, 0, 0%), while awaiting the weekly release of initial jobless claims later this morning.
As of 7:15 a.m. in New York, the Dow Jones Industrial Average futures were down 34 points, or 0.45%, to 8257 while the S&P 500 futures were down 2.2 points to 883.10 and the Nasdaq 100 futures were down 2.25 points to 1341.75.
With fair value calculated into the futures, the Dow is expected to open unchanged at the 9:30 a.m. opening bell.
Wal-Mart's quarterly results are among the last of the big companies to release quarterly earnings this season. The Bentonville, Ark.-based retailer reported a first quarter profit of $3.02 billion, or 77 cents a share, compared with a profit of $3 billion, or 76 cents a share from a year ago.
The results were right in line with estimates expected by Wall Street analysts, who had forecasted the discount retailer would report a profit of 77 cents. Revenue for the quarter came in better than expected at $93.24 billion.
Shares of Wal-Mart were mostly unchanged on the news.
For economic data, economists interviewed by Thomson Reuters expect that weekly jobless claims rose by 9,000 to 610,000 during the week of May 9. Weekly jobless claims have been falling moderately over the past four weeks, so both economists and the market will be looking to see if that trend continues.
Also on the agenda for today is the producer price index, released by the U.S. Labor Department. Economists expect that wholesale inflation rose by 0.2% during April.
In the commodity markets, oil was down $1.39 to $57.58 a barrel while gold was lower by $3.20 to $922.70 a troy ounce.
On Wednesday, the Dow Jones Industrial Average lost 184.22 points, or 2.18%, to 8284.89, the S&P 500 sank 24.43 points, or 2.69%, to 883.92 and the Nasdaq Composite dropped 51.73 points, or 3.01%, to 1664.19. The consumer-friendly FOX 50 tumbled 14.91 points, or 2.23%, to 652.99.
Company News
Department store chain Kohl's (KSS: 42, 0, 0%) reported a quarterly profit of 45 cents a share, two cents better than analysts' estimates. The company said 2009 will remain challenging.
http://www.foxbusiness.com/story/markets/futures-slip-ahead-wal-mart-jobless-claims/
Wouldn't that be great for FAZ.
I sold half of my position at $6.11, had pretty big gains from low $5's.
Cheers!
Hopefully us making making money here. Back over $6.00, SWEEET!
Not worth a whole lot of money right now, Not near what I paid for my 1.5m+ shares at .0025 a while back.
Any chance we will see this back in that price range? Prolly a long shot but still holding. Hope the company is using my investment wisely.
Cheers!
Long stuckholder here.
I think simular will happen as well. FAZ $5.81 pre market
$5.48, nice run into the close after it retraced.
These bull markets cant last too much longer, $6 by tomorrow? Fingers crossed!
Wow what a rally, sucks for us here. Short term well be good IMO.
Sounds good to me, guess im a little more conservative. Im looking for the $10 mark but that could change lol.
Happy Trading!
I have been trading this the last few weeks and right now IMO and only my opinion this is a hold for me. I have an avg of about $5.2 and i think we will see this continue upwards over the next few weeks.
Yep looking for re entry around here. I try and stage my buys looking for a bottom.
Im thinking the same thing. I took profits this morning but was looking for a re entry buts it not really pulling back to the low $5's for me. Might have to start picking up more here. IMO its going higher over the next few weeks.
Testing the water here. Picked some stock up on the bid today. We will see how it does. Hope to see this move up soon.
About time... Loving today. I think we see more of this to in the next few weeks. JUST IMO!
Best Wishes!
As long as FAZ moves higher for the short term, than well all be happy here.
Cheers!
Three big U.S. banks announced large common stock offerings on Monday and said they would use proceeds to repay funds received under the government's bank bailout program.
U.S. Bancorp said it plans to raise $2.5 billion, Capital One Financial roughly $1.75 billion, and BB&T $1.5 billion.
Capital One [COF 28.04 -3.30 (-10.53%) ] said its offering will total 56 million shares.
FAZ looking good this morning. Trading $4.88 up 8.69%
BAC on fire AH's $14.75
Looking very nice AH's. $14.30
I have had to avg down on GSL too, as my avg was about $1.92
I like your short term optimism
Making Money!
FAZ sure is looking good today. I knew markets had to turn, but I unfortunately didn't get to play this one today.
Making Money!
OPMR .86 print
Looks like a good decision .72x.7201
OPMR .69x.70 a little pull back from HOD at .77
Looking very nice off bottom, $5.62
Is this the next money maker here? I sure hope so. Grabbed some 1.93's today
Making Money!