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Barry Crocker

Barry Crocker
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  • Alcoa Earnings Beat by Penny, Revenues Shine [View article]
    It beat due to a revised down EPS est of 12c from 16c. It missed the earlier EPS est (less than 6 weeks) by 3c.

    Cheat Sheet : )
    Jul 12, 2010. 06:56 PM | 3 Likes Like |Link to Comment
  • A solid start to earnings season, as shares of Alcoa (AA) and CSX (CSX) rise initially after reporting better-than-expected earnings. At Alcoa, sales rose 18% despite a drop in aluminum prices, and in a vote of confidence in economic growth, it raised projections for aluminum consumption. CSX was less ebullient but noted “volume gains across all major markets.” AA +3.2%, CSX flat AH.  [View news story]
    EPS of 13c beating an est. of 12c.

    The est. 6 weeks ago was 16c ?

    Have the EPS est. been revised down due to the correction ?

    CSX earlier EPS est was slightly higher than the $0.98.

    Jul 12, 2010. 05:50 PM | 3 Likes Like |Link to Comment
  • Yuan Revaluation Impact to Be Limited [View article]
    I just sold my house here in Australia ... I bought it when I was 23 in 1998 for 185K sold it for a tick over 800K after subtle changes but nothing drastic ($$$). Which sounds great but half it and most of the furniture went to my ex ... I got the dog : )

    House prices here aren't sustainable. Chinese and Indian buyers are juicing the market big time. You wonder how they can afford it only to find they're comfortable living 2-3 families per in a 4-5 bedroom house.

    The RBA is lifting rates to try and combat it to no avail. The good news is you can stick your $$$ into a savings account with no strings attached and get 6.25% for them to lend it to the Chinese and Indians for 7.5+%. In fact because most have low doc loans banks are squeezing them for 8%+.

    I can 100% guarantee you that if the mining boom ceases or pauses for an extended time our two tier economy in relation to real estate value is going to tank.
    Jun 21, 2010. 09:25 AM | 3 Likes Like |Link to Comment
  • Testy Tuesday: Are We There Yet? [View article]
    Sounds like a man crush to me : )
    Jun 15, 2010. 09:49 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Looks like the Chinese were dipping into the AUD today as well as the RBA.

    The avg turnover is 5-6 Billion on our market, nearly 10 today. On a day when only 0.2% came off only 2 shares went up for every 9 that went down or stayed put.

    Very strange but newsworthy albeit from down here.
    May 21, 2010. 09:00 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    My point is ... the 3 markets with most at risk have shrugged it off. There's so much cheap $$$ on the sidelines wanting in on the dip, any dip, anywhere and everywhere.

    The train for the next leg up, destination unknown ... possibly left the station yesterday.
    Apr 28, 2010. 09:12 AM | 3 Likes Like |Link to Comment
  • One reason the stock market hasn't sold off more aggressively in the face of all the bad news is that it's missing a key ingredient - panic. An orderly selloff can be a sign of a strong market, but some strategists are hoping for more: We need "at least a mini if not major capitulation to get rid of the last weak holders and allow for longer-term investors to acquire stocks at depressed levels."  [View news story]
    The addicts are waiting on a shipment of crack.

    If the shipment arrives lighter than hoped or not at all = PANIC !!
    Jun 4, 2012. 06:48 PM | 2 Likes Like |Link to Comment
  • Ignore Sentiment - Here's Why To Buy [View article]
    "I confess. I am a contrarian."

    You and 7 Billion others :)
    May 21, 2012. 07:19 AM | 2 Likes Like |Link to Comment
  • Nokia's Turnaround Story [View article]
    I have the N9. It's a great phone. I'm hearing good things about the Lumia from a couple of mates.
    Apr 29, 2012. 07:15 AM | 2 Likes Like |Link to Comment
  • Eurozone banks borrowed €8.64B ($11.65B) from the ECB overnight, the highest amount since March, characterizing the inability of nearly all EU banks to obtain financing in the markets. "Just look at my screen," says a trader. "I have one big European bank willing to lend and 40 banks wanting to borrow."  [View news story]
    Bonuses are on the line. What do you expect ?

    Ho Ho Ho !!!
    Dec 2, 2011. 06:44 AM | 2 Likes Like |Link to Comment
  • The beauty of the European debt crisis is that it's created an enormous amount of volatility, says Royce & Associates PM Frank Gannon. While volatility is frustrating, it also creates tremendous opportunity for longer term investors. So, during these times like these, look to add to those sectors of the market that are getting hit the hardest. That's where you'll find the best valuation opportunities. (video)  [View news story]
    I'm going long once we bounce off triple digits. Until then, duck and weave.
    Nov 3, 2011. 09:04 PM | 2 Likes Like |Link to Comment
  • White smoke emerges from a government building in Brussels as it appears EU leaders have reached a deal with banks for a 50% haircut on their Greek bond holdings. A pre-dawn press conference is set to begin shortly.  [View news story]
    Once they've sobered up from the shots of Schnapps they've been hooking into.
    Oct 26, 2011. 10:03 PM | 2 Likes Like |Link to Comment
  • "The 21st Century may be American after all," writes Ambrose Evans-Pritchard. "Re-inshoring" - the process of jobs lost to China coming back - is a new buzzword as U.S. manufacturing has subtlety become very competitive. Additionally, the country is closer to energy self-sufficiency than commonly believed, and about to get more so. Toss in the best demographics of the major economies and the continuing EU troubles, and it's advantage America.  [View news story]
    You lost me at Ambrose Evans-Pritchard : )
    Oct 23, 2011. 10:01 PM | 2 Likes Like |Link to Comment
  • "The best thing that Wall Street may have going for it," writes Paul Lim in the NYT, "is that so many investors are pessimistic." That's because sentiment is a "contrarian indicator" for future activity. Similarly for consumer confidence, which continues to slump even as retail sales rise.  [View news story]
    Oct 23, 2011. 06:38 AM | 2 Likes Like |Link to Comment
  • Forget fixed income, says Pension Partners CIO Edward Dempsey: Equities are where you need to put your money - and right now. The markets are in the process of revaluing a Lehman-like event that had been priced in but didn't take place. With so many hedge funds short and enormous amounts of cash on the sidelines, we've entered into a "vacuum," where stocks could "melt up" even higher at any moment. His suggestion: Start moving out of defensive names and into higher beta issues. (video)  [View news story]
    Easy to say when you're not gambling with your own.
    Oct 12, 2011. 07:43 PM | 2 Likes Like |Link to Comment