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Rickthegeek

Rickthegeek
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  • Exxon Q3 earnings, revenues fall but beat expectations [View news story]
    Don't see much positive news in the numbers.
    Nov 1, 2013. 09:30 AM | Likes Like |Link to Comment
  • On the hour: S&P +0.85%. 10-yr -1.03%. Euro -0.71% vs. dollar. Crude +0.67% to $101.92. Gold -2.35% to $1222.45. [View news story]
    The stock futures were up big at 12am up 150 points. But, CNBC says, "stocks surge on employment report". That is simply not true. Stocks basically stayed flat once the jobs report came out, now futures are down to 84 at 9:15am

    All that I wish is news stations would stop sensationalizing everything and quit lying.
    Jul 5, 2013. 09:19 AM | Likes Like |Link to Comment
  • "It's amazing how quickly bubble behaviors from the last decade have come back," says TrimTabs CEO David Santschi, urging investors to "tread carefully." The market (VTI) is in a dangerous place, says John Hussman - "heavily bullish, overbought, overvalued," with the belief tail-risk has been eliminated. It's "virtually impossible" to know the correct multiple to put on stocks (it's currently 17.6) when real rates are negative, says Jason Trennert. [View news story]
    PE is high, but it can go higher and higher. The Federal Reserve and our Governments goal is to drive the markets higher and higher. Our administration as you know has to have their hands in everything now. This is the new normal. Now that they know they can control stock prices by stimulus it will be hard for them to withdraw the 85 billion per month. Sure they can start to taper off if the economy starts to gain some steam, but if the economy is doing better it will only increase stock prices. I think it can only go higher from here, even with a pullback of some stimulus. The market can stay irrational for longer than a lot of people think.

    I am not saying there won't be some correction along the way, but the Fed has our back.
    Jun 12, 2013. 08:07 AM | Likes Like |Link to Comment
  • "It's amazing how quickly bubble behaviors from the last decade have come back," says TrimTabs CEO David Santschi, urging investors to "tread carefully." The market (VTI) is in a dangerous place, says John Hussman - "heavily bullish, overbought, overvalued," with the belief tail-risk has been eliminated. It's "virtually impossible" to know the correct multiple to put on stocks (it's currently 17.6) when real rates are negative, says Jason Trennert. [View news story]
    The new (for the time being) investment strategy is to buy at all time highs and then sell at even higher all time highs.
    Jun 11, 2013. 08:50 AM | Likes Like |Link to Comment
  • Gold will continue to trend toward $1,000 by 2015, Nouriel Roubini predicts. Key reasons: Credit crisis risks have subsided; inflation is under control despite QE; investors crave income-generating assets; the "return to the gold standard" argument is dead. (ETFs: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI[View news story]
    Warren Buffet is that you in disguise? "Be fearful when others..... you know how it goes.
    Jun 2, 2013. 09:32 PM | Likes Like |Link to Comment
  • Gold will continue to trend toward $1,000 by 2015, Nouriel Roubini predicts. Key reasons: Credit crisis risks have subsided; inflation is under control despite QE; investors crave income-generating assets; the "return to the gold standard" argument is dead. (ETFs: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI[View news story]
    Gold lower? Yes. Stocks still in play? Yes. Right now, the stocks that have gone straight up in the last few weeks will have a tendency to go straight back down, then find some happy medium and continue to go back up.

    Advise: Turn off the talking heads. Don't let them influence good investment decisions.
    Jun 2, 2013. 09:22 PM | Likes Like |Link to Comment
  • Recently, the market learned that youth unemployment in Italy hit 40% in April to go along with a 36-year record high of 12% overall unemployment. Never fear though, Italy's trade union CGIL is out with its estimate of when the Italian economy will recover pre-crisis (un)employment levels: 2076, a mere 63 years from now. (original article[View news story]
    Oh, by the way, buy stocks. Sell GOLD.
    Jun 2, 2013. 09:05 PM | Likes Like |Link to Comment
  • Recently, the market learned that youth unemployment in Italy hit 40% in April to go along with a 36-year record high of 12% overall unemployment. Never fear though, Italy's trade union CGIL is out with its estimate of when the Italian economy will recover pre-crisis (un)employment levels: 2076, a mere 63 years from now. (original article[View news story]
    Hey, don't worry about it, our beloved fed will find a way to send Italy some cash somehow, someway. This will be called Italy-quanitative easing 1. And, the fed will have to run the presses for 2 continuous shifts each day, one shift for the good old USA and 1 shift for Italy. Once the other in the PIGS start to fall then it will be 3 shifts, 24/7 money printing. Full steam ahead.
    Jun 2, 2013. 09:04 PM | Likes Like |Link to Comment
  • For those still keeping score, Tesla (TSLA) added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m. [View news story]
    I am not long or short this stock.
    May 14, 2013. 07:53 AM | Likes Like |Link to Comment
  • For those still keeping score, Tesla (TSLA) added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m. [View news story]
    In 2009, 465 million was given to Tesla and then in 2011 the San Francisco Chronicle report that more was given to them, but it was an undisclosed number.

    The statement I wrote should have been millions, but we don't really know if it was approaching a Billion. So far I have not been able to find any concrete number. Anyway, the taxpayers should not be giving out loans to private businesses without the consent of the voters. I don't remember voting to give out loans to Tesla, GM or any other bailout company. Free enterprise no longer has any meaning.
    May 14, 2013. 07:43 AM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Here is the article people:

    Tesla Motors recently announced that it recorded its first-ever quarterly profit, a very important step for the company that took government loans to develop an relatively affordable electric saloon. Whether the Model S is a truly affordable EV is another question, especially now that Tesla has pulled the plug on the 40 kWh-battery variant of the Model S – which was also the cheapest.
    Coming back to the profit reported by Tesla for the first quarter of this year, it seems that the company pulled a few strings to make it happen. According to a report from Bloomberg, Tesla urged customers who had reserved cars, but had not yet made their payments, to do so.

    In a March email sent by Tesla to a client, the carmaker asked for help in reaching the milestone that would help the company and its customers:

    “Tesla is right on the cusp of profitability this quarter for the first time in 10 years since the company started. This is a huge company milestone that will not only be great for the company, but also for our customers. In order for Tesla to be able to count your Model S for the quarter, we simply need to receive payment,” reads the email obtained by Bloomberg Television’s Cory Johnson, who said Tesla confirmed the email.

    What this means is that Tesla became profitable by receiving payments ahead of schedule, also giving its stock price a significant increase in the process. However, there could be a side effect to this move – Tesla’s second-quarter results could suffer since payments that would have been made in the coming months were made ahead of schedule.

    You can watch Bloomberg Television’s report on this interesting story below.


    By Dan Mihalascu
    May 13, 2013. 07:15 PM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Bloomberg, Cory Johnson. Go to the internet, type in Tesla Cooking The Books and read the article.
    May 13, 2013. 07:09 PM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Source is Bloomberg, Cory Johnson. What was said was Tesla was taking payments on cars that have not been delivered so that they could show a profitable quarter.

    Go to the internet and type in Tesla Cooking the books. Read the article.
    May 13, 2013. 07:08 PM | Likes Like |Link to Comment
  • My K.I.S.S. Portfolio May 2013 Update [View article]
    Really good analysis.
    May 13, 2013. 07:51 AM | Likes Like |Link to Comment
  • Qualcomm: 2 Opportunities Bears Might Have Overlooked [View article]
    QCOM nice balance sheet and they provide parts to more companies than just AAPL. QCOM at current levels is a buy.
    May 8, 2013. 11:19 PM | Likes Like |Link to Comment
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