Seeking Alpha

Rickthegeek

Rickthegeek
Send Message
View as an RSS Feed
View Rickthegeek's Comments BY TICKER:
Latest  |  Highest rated
  • Shares of Joy Global (JOY -0.9%) fall for a second day in a row on a report by Anonymous Analytics yesterday that suggested fraud at Joy's IMM unit. William Blair thinks the impact may be overblown, saying that although the report was very detailed and credible, IMM accounts for less than 5% of JOY's earnings. The bigger issue for JOY and other industrial names like CAT are weak mining markets[View news story]
    Fraud dating back to 2009? And, this was a Jim Cramer pick from "mad money"? I guess Jim needs to brush up some more on his off the top of his head stock picks.
    Apr 13, 2013. 11:28 AM | Likes Like |Link to Comment
  • Sell Your Gold And Silver Now [View article]
    Nice article and need to elaborate on the ending badly for the markets. Once the money printing comes to the end, the market will take a nose dive. For now, many are enjoying the ride.

    The market has been and is going through an artificial stimulation, propped up by money printing by the Fed. The "true value" of the stock market at this point is an unknown value. This is actually a dangerous market for investors because since values are artificial, we do not know the fair value of the market and certain stocks. Of course there are some exceptions.

    Never before in the short history of the United States has this much "money printing" and liquidity by the Fed entered into the markets. This is an experiment we are all watching unfold on a daily basis, the outcome is also an unknown but there have been some discussions of what road we are heading down and what we could possibly expect:

    1. Devalue of the dollar.
    2. The dollar loses it's reserve currency status.
    3. Inflation.

    The US Dollar is the worlds reserve currency. If we lose that, we will lose the way of life we are use to. The stock markets rise is due directly to money printing. This will continue to make the dollar decline, people's money being worth less and people are forced to put their money into stocks or riskier assets to get some yield. (you can't make any money by keeping it in cash, by keeping your money in cash, your return for the past 4 years has been negative). So, people are forced into buying stocks. We can thank the Fed for that.

    Your article brings home many truths about other countries buying safety assets like gold and silver. When you are an outsider looking at our countries "great experiment", you get a different perspective. These other countries you mention, see what the path of our country is and they are preparing themselves. Our country, for the most part, has blinders on.

    For now, it is risky to buy Gold, Silver and any of the miners. As long as stocks continue to climb, Gold and Silver will decline. I expect there to be a 5 to 10% correction in stocks in the next month or two. But, we should continue to see stocks rising in the long term, that is unless the Feds money printing machine gets turned off, which shouldn't be anytime soon.
    Apr 4, 2013. 11:58 AM | 2 Likes Like |Link to Comment
  • 3 Stocks With Recent Intensive Insider Selling [View article]
    Long for about 5 years, plan to keep my position. Have taken some profits but keep a nice base position. No plans to short it.
    Mar 5, 2013. 07:35 PM | Likes Like |Link to Comment
  • 3 Stocks With Recent Intensive Insider Selling [View article]
    Nice article, very good information. My personal favorite is XOM.
    Feb 27, 2013. 03:12 PM | Likes Like |Link to Comment
  • More on the gold miners (GDX): Admitting you have a problem is the first step. Barrick Gold (ABX) and Goldcorp (G) have begun reporting "all-in sustaining costs" for the first time, with the result averaging $941/oz. from $626 previously. "Miserable capital allocators," writes Liezel Hill, the managements' moves show an effort to focus on margins and costs, rather than boosting output. (previous[View news story]
    How low can GDX go? GLD is close to support levels at around 150. If it moves below 150, there could be a bigger plunge.
    Feb 27, 2013. 03:03 PM | Likes Like |Link to Comment
  • "High above the Alps my Gnome is hearing a rumor that Apple will announce a stock split at tomorrow's shareholder meeting," tweets Doug Kass. The rumor has led Apple (AAPL +1%) shares to spike higher. Update (2:24 PM): Kass is using the post-rumor spike to sell part of his trading position in Apple. [View news story]
    Does it really matter? A broken company is still a broken company.
    Feb 26, 2013. 02:30 PM | 5 Likes Like |Link to Comment
  • January Nonfarm Payrolls: +157K vs. consensus +160K, 196K previous (revised from 155K). Unemployment rate 7.9% vs. consensus 7.8%, 7.8% previous. [View news story]
    Fantastic!! This is great news! The unemployment rate ticked up, more people out of work. Yes, the higher the unemployment rate, the better it is for the markets. Wall street loves this. This means we do not have to worry about the government turning the printing presses off any time soon.
    Feb 1, 2013. 09:28 AM | 4 Likes Like |Link to Comment
  • The Amazon (AMZN) bull case has pivoted to a story of margin expansion from revenue growth after the company surprised analysts with better-than-expected profit margins during Q4. A number of firms are out with price target increases, citing margin expansion as a major factor. PT hikes: Barclays to $260 from $245; JPMorgan to $333 from $245; Baird to $325 from $300; BofA to $315 from $300; Credit Suisse to $334 from $301. AMZN +8.3% premarket to $281.62. [View news story]
    The numbers came out and were not that good. I thought maybe I missed something. Then sitting here watching CNBC (for entertainment purposes, it is fun to see the talking heads move markets one way or the other) David Faber was trying to get people to come to their senses about AMZN.

    The reality is, it should be down 10% not up 10%. Are we seeing an over-exuberance in the markets? Even when companies miss?

    Looking at the overbought charts, we are expanding the bollinger band on the upside to extreme overbought territory. The retail investors may come in for the next few days and this would be a good time for you to sell your winners. (the retail investor has a habit of buying at the top and selling at the bottom) Right now would not be a good time to add to any positions. You could, but hold your breath and brace yourself.

    Right now, I am on the caution end.
    Jan 30, 2013. 09:26 AM | 2 Likes Like |Link to Comment
  • Criteria To Consider For Apple's Q1 FY13 [View article]
    Thanks for the article, very good and useful information. What bothers me is how little research most stock investors do when it comes to owning a stock and how little they pay attention to it. That is why most people who call themselves stock investors wind up losing money.

    It does not matter what stock you own in your portfolio. The laws of buying and selling apply to them all. For example, with COKE, if the company reported today that their sugar orders to make COKE were down 50%, most people would sit up and take notice. The stock would sell off.

    If Goodyear reported that their need for rubber to make tires was down by 50%, you can bet their stock would be selling off.

    Apple reports that the orders for components to make it's iphone5 are down 50%. The stock barely sells off. If this was any other company without the halo Apple has, this stock would be down 30% to 40% to around 300 to 350 per share.

    This news is based on:

    1. Competition is catching up and taking away business.
    2. People are no longer infatuated with the product and there are other products which can do the same thing for less.

    Apple is experiencing this now.

    Disclosure: I am neither long or short AAPL. I just hate to see hard working people get burned.
    Jan 16, 2013. 04:13 PM | 1 Like Like |Link to Comment
  • Criteria To Consider For Apple's Q1 FY13 [View article]
    Nicely done.
    Jan 16, 2013. 03:33 PM | Likes Like |Link to Comment
  • Worrying Wednesday: How Low Can Apple Go? [View article]
    Thank you.
    Jan 16, 2013. 03:15 PM | Likes Like |Link to Comment
  • Worrying Wednesday: How Low Can Apple Go? [View article]
    I guess you don't keep up with the news.
    Jan 16, 2013. 03:14 PM | 1 Like Like |Link to Comment
  • Dear growth investors: Earnings growth is getting hard to find and is increasingly concentrated to fewer big firms (last year: financials). If Fed help is less effective, where to find growth in 2013? Sectors that might see better sales-boosting chances: consumer discretionary (on rising consumer optimism), and those that get their revenues from China and emerging economies, like GM and industrials, as well as those based in emerging markets. [View news story]
    The extra 2% tax hurts everybody, no matter their income. I guess our government thinks everything is fine so they allowed the Bush payroll tax cut to expire, which is a mistake.

    The truth is our Government is broke and they know it. Obama claims that this recent aversion of not going over this mini-fiscal cliff (part 1, stay tuned for part 2 and 3) that he just helped the middle class. He continually says his concern is for protecting the middle class, this is simply a lie and not the case. The only thing Obama is concerned about is his own pocket, so his wife and family can continue to take vacations on the taxpayers money.

    Most of the people out there (not anyone here) don't even understand what happened because nobody has spelled it out for them.
    Jan 6, 2013. 11:52 AM | 1 Like Like |Link to Comment
  • This Could Be Why Apple Shares Are Down [View article]
    Nice article. This is exactly my point. More people are becoming aware of this now. There will still be people out there who believe Apple is impervious to the laws and dynamics of the business world. Apple in reality, no longer sits at the top of the pedicel alone.
    Jan 4, 2013. 07:05 PM | Likes Like |Link to Comment
  • Friday: Dow Up 500 Points To Start The Year - Should We Quit While We're Ahead? [View article]
    True. If you missed the first 5 minutes of trading of the first day of the new year, you missed it. 300 points Wednesday (about 250 in the first 5 minutes or less and another 50 or more points the rest of the day) and another 170 or so on Monday. Yes, 500 points in 2 trading days. Even in the pre-market, stocks were already to high. Of course you could have traded pre-market, which technically would have given you a 2 and 1/2 hour window to trade, but there were no bargains even early on. The overseas markets got our news early and had an opportunity to buy before we could.

    At 1 am Wednesday morning, the Dow futures were +250. If you don't take profits here, you deserve to get slaughtered.
    Jan 4, 2013. 11:01 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
118 Comments
75 Likes