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GaryintheBronx

GaryintheBronx
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  • When Predicting Isn't An Option [View article]
    Well now the mix has gotten rather interesting lately. If you were in at $6.90 and had almost 9k shares..... What would you do? (Besides gnaw your fingernails off)
    Nov 27 05:34 AM | Likes Like |Link to Comment
  • When Predicting Isn't An Option [View article]
    Well it's been some weeks - it was at 2.80 closing out August and now it's at 2.58. Earnings are upon us. What's your guess?
    Oct 16 11:37 PM | Likes Like |Link to Comment
  • When Predicting Isn't An Option [View article]
    Mr. Joyce seems to be a big reason many of us haven't abandoned the ship. His name carries all the positive adjectives. Dormant software that mysteriously came alive and nearly ruined an established financial services company would be so farfetched it wouldn't be a believable story - unless you were holding 8500 shares - then it's a living Poe poem. If anyone can turn things around though, I understand that he's the guy.
    Aug 29 07:12 PM | Likes Like |Link to Comment
  • When Predicting Isn't An Option [View article]
    Author writes, "I've written many times that I consider myself to be a terrible stock picker." I can definitely relate.....KCG is an ongoing numbing experience for me - It's surreal to watch so much value disappear with forward outlooks looking worst than the present disaster. It's a figurative cluster of migraines. Even when it rallies 4% during the trading day it still closes down from the opening price. How can this have happened from a software glitch?
    Aug 29 02:05 PM | Likes Like |Link to Comment
  • Knight Capital (KCG +6.7%) is bouncing sharply as the company reportedly discovers the cause of its software glitch that distorted trading in hundreds of stocks. Two sources told Bloomberg that KCG inadvertently triggered an old software program as it was implementing a new one; the mistake multiplied trades by 1,000x and flooded the market with orders. [View news story]
    Solid organization proven by decisive moves. The good news will stack up - all well deserved.
    Aug 14 11:11 PM | Likes Like |Link to Comment
  • Knight Capital (KCG) held around $7B of stocks at one point during its IT malfunction last week, but managed to sell $2.4B by the end of the day, the WSJ reports. Knight then offloaded the rest of the portfolio to Goldman Sachs after turning down a bid from UBS, but still took a loss of $440M from the whole disaster.
     [View news story]
    These guys at Knight seemed to have handled the situation properly. They made arrangements, attracted their clients back and now they can build. Even the shorties will stick for this one.
    Aug 11 03:12 AM | Likes Like |Link to Comment
  • The Ramifications Of Knight Capital Group's Trading Technology Glitch [View article]
    There's nothing fun watching an honest company gasp for air. When guys like Knight can face what they're facing from a 4am glitch what exactly are we (all) at the mercy of?
    Aug 3 07:33 PM | Likes Like |Link to Comment
  • The Ramifications Of Knight Capital Group's Trading Technology Glitch [View article]
    I would sleep easy - it's never been this low so you are spelunking but keep in mind that last year around this time it put on 30% in two months until August came. Where the bottom is on this occasion is anyone's guess but the p/e is strong amongst peers so support (and your bounce) should be worthy.
    Aug 1 07:16 PM | 1 Like Like |Link to Comment
  • The Ramifications Of Knight Capital Group's Trading Technology Glitch [View article]
    Take a moment before bashing the author - From December until February was great. From April until now has been quite the opposite. Started July heading to 12, started August headed to 6? People error, computers error - that's why "The do-over" was invented but it is sliding again after-hours. Thinking about where the floor is $6.87 was my inaccurate guess.
    Aug 1 05:22 PM | Likes Like |Link to Comment
  • hhgregg: 5 Reasons We Think The Trend Will Be Down [View article]
    5 Weeks later....Author Andrew, did you order that crystal ball from Amazon? You nailed the warning, the reality, the reasons and even the $6.80 "play area" (That's where I got in). You're better than the Dos Equis beer guy (see Youtube). Wow -. Long on HGG.
    Jul 20 07:16 AM | Likes Like |Link to Comment
  • Amazon's Newest Victim: hhgregg [View article]
    HH may give 50 times the training of BB: They carry a smaller range of items compared to BB and Amazon. Taking a look at the three sites and comparing just the cameras: Best Buy now has cameras that cost three times as much as HH's top $ DSLR camera. Amazon still has the best assortment from throw away units to bellows units to Hasselblad Ferrari cameras. I'm long into HGG but it's more to do with the hiring news releases. If they need 40 employees per store and can open 8 (or more) stores they will be making a very positive impact - hopefully it will trend. BestBuy is trimming it's geek squads. Also, hopefully they (HGG) can expand their offerings through vendors and come up to the B&H store level. If you've ever been to the B&H in Manhattan you know that it is a ultra-efficient site to behold.
    Jul 20 06:30 AM | Likes Like |Link to Comment
  • 3 Stocks Poised To Move Higher Next Week And 2 To Avoid [View article]
    Finally, the need to carry cash or cards is seeing it's sunset. Surprisingly, hardly any merchants I've spoken with (maybe 30) in NYC even know about paying with Paypal or the near future of NFC technology. Somebody needs to hire on some commercial door to door staff and start (expedite) making people's lives more convient. From Haircuts, Bars, Wine stores, Bagel shops Pretzel carts and Pottery class add-ons, they will all be payable with phones - or other jewelry. Very much looking forward to that.
    Jul 13 06:20 PM | Likes Like |Link to Comment
  • eBay Q2 Earnings Preview: Expect A Robust Quarter; Continued Ramp Up From PayPal [View article]
    If Paypal is adding significant numbers, would a small dividend to reward the currents and attract the futures logical?
    Jul 12 07:19 PM | Likes Like |Link to Comment
  • Amazon's Leases Are Not Debt [View article]
    On the fly, What would Ebay's price be if it traded at a pe179?
    Jul 12 07:45 AM | Likes Like |Link to Comment
  • Q2 Earnings Preview (Part I): It Could Get Ugly [View article]
    I thought the same exact thing when I read that. Funny how lately the new catch phrase seems to be "Slipped on sympathy". Then again, ducks do fly in formation - and they rotate the lead duck.

    I think the biggest problems for sales are still yet to come. Buying gadgets at a brick and mortar was all the norm until Amazon Prime arrived. For $80 a year ($.22 a day) an entire household gets free shipping, no salesperson, no check-out line, access to thousands of free books, at-your-door-delivery, free wireless updates that synchronize all your devices, it's insanity. Not to mention the savings in personal mileage and the steady business Fedex and UPS can count on. With that said, hhgregg tumbled 36% Tuesday - a new entry with potential value has shown up.
    Jul 12 02:09 AM | Likes Like |Link to Comment
COMMENTS STATS
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