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  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    I doubt that will pass
    "Guggenheim Securities LLC analyst Jaret Seiberg said there’s no political will for a transaction tax."
    Apr 4, 2014. 04:01 PM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    The people who did not believe the American economy would survive: Gold bugs, Zerohedge, Swiss bank account owners, Libor fixers, Derivative traders, etc, and actually all the people who piled on bearish trades to make quick money while they emailed bad news to CNBC, WSJ, etc. If you get enough money, you can move the markets.
    Same with politics and lying entire nations into war. If you get enough money behind it and enough time on broadcasts, you can buy elections and you can get people to lose their kids future sending them to war.
    Apr 4, 2014. 01:59 PM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    Tell me why you believe that HFT is fair? Whose money is behind it and are we at risk in any way from a supposed "fat finger" trade?
    Apr 4, 2014. 11:32 AM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    Clearly GS or anyone who can run programs every day looking through the orders can determine that stocks are going up or down, and when they are going down it's usually fast so they took out huge bearish bets. What basically happened in 2008 to March 2009 was a transfer of wealth from the average investor to the bears. And all we have to explain it is that the housing market was over-priced, a higher percentage of people were late on their mortgage payments or headed to foreclosure, and the libor rate was going up. Not much of an explanation to the average investor for the crash in my opinion. Then the crash did bring about the consequences they had been touting every day on tv. In other words, the bears won, and regulation by the government didn't happen to halt the nonsense before people's life savings, jobs, and houses were gone.
    I am not concerned about a fraction of a penny. I am concerned that the financial industry is being run by hedge fund manager types who care more about their profits than the money we have entrusted to them.
    Apr 4, 2014. 11:13 AM | 1 Like Like |Link to Comment
  • General Motors Has The Guts To Deliver Upside Potential [View article]
    GM gained market share in March and far outperformed what people expected. It is likely that April will be even better.
    Apr 4, 2014. 10:58 AM | 2 Likes Like |Link to Comment
  • Avoid Stocks With Large Buyback Programs - They May Bite Back [View article]
    Apple reduced their share count for the first time in 2013. I believe if they do this again in 2014, and get in ETFs and Mutual Funds who have buybacks as one of criteria for consideration, then Apple's stock price will rise. Apple's stock is very cheap and they should continue to buy back stock. They are still growing revenue.

    The highlight of Apple's next quarterly earnings call later this month could be moderate increases to the company's share buyback program and dividend payouts to shareholders, many investors reportedly expect.

    I am long Apple and see no reason to sell the stock at this price. Same with IBM. I would have to analyze each stock based on fundamentals and current price, but would not avoid any company strictly on the fact they have been buying back their stock. I would change the title of your article to "Avoid Shorting Stocks With Large Buyback Programs - They May Bite Back"

    The other stocks you are short are growth stocks. Qualcomm did reduce their shares outstanding last year as well, and did outperform Apple. So it may be time for Apple to catch up, but that is no reason to short Qualcomm. The other two stocks you are short are growth stocks that have increased their shares over the years and I have no opinion.
    Apr 4, 2014. 10:55 AM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    So the price of the underlying stocks during the day may not be the truth or the price determined by the market because the phantom stock trades haven't happened yet.
    A question I have had for a long time is why do stocks and ETFs appear to have a higher trade that executed after the close. I see this all the time. The stock or ETF is up in the morning down in the afternoon, and then right after the close a big bounce back up. The price usually doesn't hold but I have always wondered what is that?
    Apr 3, 2014. 11:46 AM | Likes Like |Link to Comment
  • Chanos pitches shorts on CNBC [View news story]
    CNBC gives too much air time to short sellers. I don't understand why they would want you to know their positions anyway. It just makes them look like bad decision makers. Long-term investors know that you make the most money by accumulating stocks that are cheap and out-of-favor over the long-term. If a stock hasn't done anything in several years and has a low valuation, I would think it is more likely to move up in a bull market rather than down. Just because a short seller wants the stock to go down, is no reason to sell the stock. The same bad news over and over again begins to fall on deaf ears and investors think the future has to be brighter so they do their own research on what the company is doing and begin buying. This buying squeezes the shorts who have to cover, especially when companies are buying back their own stock like CAT and IBM, and then you really get some gains. I would never short a stock that had a buyback and paid a dividend in a bull market.
    Apr 3, 2014. 11:15 AM | 5 Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    Seems to me that many people have forgotten what happened from 2007 to March of 2009. Obviously we need to understand how HFT works when people are selling and buy orders aren't coming in. We don't need computer programs short selling the stock market. The only way I know to find out the truth of what is going on in computers is to do an audit. Does anyone audit HFT programs? Or do you still believe in a "fat finger" error? I believe that was a lie to calm the market. But if one "fat finger" error can cause a flash crash, then what does that tell you about liquidity? Perhaps the HFT program doubled the sell order. I don't think anyone actually knows, and if they do, they aren't telling.
    Apr 3, 2014. 11:00 AM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    I agree with you but everyone lost money in the crash of 2009, regardless of fundamentals. Day after day it crashed with no one knowing why or telling the public what was happening.
    Apr 3, 2014. 10:50 AM | 1 Like Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    New ETF shares are suppose to be created by the close which presumes they buy the underlying stocks. And I assume selling works the same way, with selling the underlying stocks reducing the shares outstanding for the ETF by the close. Without an understanding of what HFT trading does with ETFs, your guess is as good as mine. My guess is that they jump ahead during a sell off and short sell the ETF or the underlying stocks but I have no way of proving this. And then when orders come in, jump in front of the orders buying the stocks or ETF back. If this happens then HFT is rigging the market for their profits.
    Apr 3, 2014. 10:45 AM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    REUTERS - The Commodity Futures Trading Commission is investigating deals between large high-speed traders and the two futures-exchange operators - CME Group Inc(CME.O) and IntercontinentalExchange Group Inc(ICE.N),...

    WASHINGTON—U.S. securities regulators are examining whether some rapid-fire trading firms are engaged in unlawful trading practices, Securities and Exchange Commission Chairman Mary Jo White said Tuesday.

    Ms. White, testifying before a House Appropriations subcommittee, said the SEC currently has "a number" of ongoing investigations regarding "market integrity and structure issues, including high-frequency...
    Apr 2, 2014. 12:04 PM | 4 Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    Well you haven't convinced me that the market is not rigged. When I open an order window the price begins to go up. If I am buying a lot of stock, I bring up two different platforms because I do not trust the price I am seeing. And I always use limit orders. But sometimes the buy order doesn't fill, even when I can see that the price has come down to my order limit price. They obviously want me to raise my price.
    The bigger issue is buying or trading ETFs. ETFs do not have to settle until the end of the day. So more shares are being traded than exist in real stock. If orders come in to buy or sell an ETF in large volume, the computers can jump ahead and create even more orders. Usually buying is consistent but selling is volatile. Surely you realize that computer trading created the crash in 2009 and the flash crashes we have had. People have blinders on when it comes to computer trading and I think all automated processing related to our exchange of money should be audited by companies who have no involvement in the profit from trading.
    Apr 2, 2014. 11:47 AM | 3 Likes Like |Link to Comment
  • Why Barron's Is Wrong On $75 Oil [View article]
    IBM has invented a device that can be installed on a building, much like a satellite dish, that can power the entire building. If batteries can store enough electricity for transportation needs, oil will indeed go down in price over time.
    Apr 2, 2014. 11:31 AM | Likes Like |Link to Comment
  • Cramer's Mad Money - Bursting The Bears' Bubble (4/1/14) [View article]
    Caterpillar is up 2% today so stop paying attention to Cramer. Caterpillar is up 12% ytd because it is under-valued compared to other industrials and there is 5% short float. Caterpillar has a share buyback program as well as a dividend. I don't know if it's going to $116 again or not but you may want to trade this before earnings. I'm going to take some profits on some of my shares before earnings but not all.
    Apr 2, 2014. 11:26 AM | Likes Like |Link to Comment