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daffy
81 Comments
Circuit City CEO: Come Any Closer and I'll Wreck It!
Hopefully the stock can rebound to about 4.70 so I can sell my tiny little stake and break even.
I'm out of here
Garmin: Great Run, But Is That It?!
Short Interest by Sector: Consumer Discretionary Leads
that was a well thought out play.
OK, now that I am getting old . . . I am going to get back to buying here in the morning.
E*Trade Financial: Laying the Foundation for Success
I also know the Mr. Shinnick talked about much of what you are saying. In the comments on that article there is a great discussion of the pros and cons. There is even one guy who ran a model that pointed out that eTrade's biggest concern right now is the 12.5% rate on the 1.75B.
If you are a math guy, you will appreciate the fact that this guy even ran a model.
There is also one commentor who went on a great discourse on why default rates et cetera. I think it is a good discussion.
OK, I have to get going, if you could sned me the link, that would be great. If not, I will try an sort it out with the copy on Etardes website.
Cheers
E*Trade Financial: Laying the Foundation for Success
Thanks User.
Also, have you been following any of the discussions on other SA ETFC articles?
I sold today the batch I just bought at 3.65 for 3.94. I fear for febs report. I am going to be taking a close look at your feeback et cetera before jumping back in. I just think with new economic signals coming in tomorrow and friday as well as Feb report from ETFC there is a huge potential for craziness in ETFC's share price.
Could be hugely positive and hugely negative and probably not flat.
Looking forward to what you have.
Short Interest by Sector: Consumer Discretionary Leads
On 462M shares, not exactly what I would call I big deal.
I thought it was more. My mistake.
I would be curious however to see what Laytons deal says. Did he get an upfront promise of big share stake? Don't have time to dig, anyone got that info?
Short Interest by Sector: Consumer Discretionary Leads
look at the insider trades and the pricing in January. I think they were at 4.01 and 4.06 respectively.
I will look for the numbers and report.
Short Interest by Sector: Consumer Discretionary Leads
Don't pull out too quick there short seller. Don't do anything rash.
WORST case scenario is that the price is being hammered to prepare for the Feb report which is bad so as shareholders don't see an amazing one day drop.
I am just going to keep a very keen eye on sales and and performance in the next few days. You are right, somethingis going on here, and I am going to stick it out but I do not have as much as you to loose.
Remember, the stock will bounce.
The stock will bounce.
Being rash is why the market takes bad turns, you know that and I know that. Go back and read my last comment on the other article, you now, the one where I talk about etfc and peers. I still believe that.
Think before you act here. Big money comes with some risk and sweat on the brow.
Short Interest by Sector: Consumer Discretionary Leads
Your hypothesis is interesting. I too was just watching this etfc deal as I put a sell at 3.94. I will pick up in two days. I think the price will drop again before we break 4. But here is the deal, every time I saw the price come close to my call, I saw a blocks of 100K+ shares come up. WTF? Right now there is 100K shares on the block. I have never seen that with ETFC. Your right, there is price supression happening here.
In any case, don't worry about my sale, I am coming back in when it drops back down to 3.50-3.70 range. + I am still long on other shares.
I think yeserdays action was interesting in that ETFC didn't hardly even move. I thought for sure that ETFC would have bounced to well above 4 by today. In fact, my sell was for 4.17. The only reason I sold as I think it is going to go down either tomorrow or friday. Jan's readings were read on 2/13 so I expect Febs will be out this week.
I just think there will be another big sell off this week before any big news comes out.
I really think we should have seen a bigger bounce in ETFC yesterday. CFC went from 4.36 to 5.11. CFC. Yeah, that big monster in serious trouble. ETFC just has to get rid of some pesky little interest rate (12.5%) and do something about writedowns and it should bounce quickly back to 15$. Yesterday should have given that hope a reality check for the positive.
Something is amiss here.
Stock Volatility Datapoint of the Day
Thank you Spitzer!
It will be interesting what happens on Thursday and Friday, as well as the 18th.
I agree this is just noise, but noise that will help me recover losses from the last week. Yesterday is the kind of day that you have to ignore when fitting a curve, no matter how many variables you are fitting. Fourier or wavelets won't really account for it. It might even be called a jerk if it lasts for more than a week or two.
What's Wrong with this Economic Picture?
end of story.
Fed to the Rescue
I really don't care if the market crashes wholeheartedly and then recovers brilliantly, or touches down gently and then takes off again in the same manner. Either way, there will be a bottom.
It sure would be nice to see some scenery along the way, but crashing into the cliff is not my idea of exhilirating fun.
I am more curious to see what the fed is going to do on the 18th. I imagin ethis willhave an impact on the decision. It seems that 3/4 pt. has to factored out of the equation now, but you never know.
Again, it will be an interesting week.
Stocks: Risky, But Tempting
If you buy stocks when they're going down, they might be cheap, but they're almost certainly going to get cheaper before they rebound (if they rebound).
If they rebound?
What stocks are you looking at?
Are you telling me that MSFT is going to go down, maybe to 23 and stay there forever? Maybe they might go away altogether. Maybe MSFT will just fold, and everyone who falls under the 267.2B market cap will die.
Come on Felix. Get a grip.
Everybody seems to be focused on the short term gain that they have lost sight of a simple truth. Short-term gain tax-rates jump from 15% to 28% on plays lasting less than a year. Of course that is a simplification, and just a side note. But seriously. I am curious as to how many people are out there, at age 48, are fretting the 10-15% continued downturn that might occur over the next 4-6 months in their IRA. In their IRA. Should I say it again?
I think you made another huge mistake in your article to bring CFC into this picture. Not only is the CFC deal RISKY, it may be downright stupid. CFC is going to drag down BAC with it, and the only spread there is, is the difference between BAC*(0.1822) - CFC which puts the spread at $1.78 on a CFC current price of $4.78. CFC is valued, according to my understanding of the deal, at 6.57 when I did these numbers. You have to be careful there. $7.16 is not the price right now. So, 1.78/4.78 = 37.6% gain on something that might not happen, and if it does might get revamped, and then it will only happen in 3Q 08 . . . maybe. That is why there is such a spread. I am suprised it is not more for the risk.
OK, now that there is clarification on the CFC-BAC deal, I will have to give you credit to your statement which I take as bordering on lunacy. CFC might go away. But MSFT? GRMN? RTP? BAC?
I think you need to reel yourself back in, and maybe try and take the "Death to all Mankind" out of your fear-mongering.
And just to clarify, I am not short term bullish on the market, but over the next two years, you could say that I am moderately bullish.
I think you need to lighten up Felix.
I wish my name was Oscar.
I just would really like to know when all this "sky is falling rhetoic is going to stop". Of course the sea is choppy. Do you really think we don't know that? Who are you talking to? I am still buying in, and will continue to. I could care less what my stocks are going to do in the next month or two, or 5. What goes up, might come down, and what goes down, will usually go up. Look at the DJIA over the last 20 years and you will have no choice but to agree that USUALLY trumps MIGHT every time in the previous statement.
That is for all you math people out there USUALLY > MIGHT. Notice there isn't even an equals sign udner that symbol. Unless of course you are talking about CFC.
Bad example Felix.
4 Reasons Why the Visa IPO Excites
I don't know wez, but if you and I come up with a marketable plan, then we could be paying ourselves millions each year in bonuses.
It is worth a shot isn't it?
E*Trade Financial: Laying the Foundation for Success
It will be information for all of us. Bashers and elves alike!