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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
RumblingRosco
Member
Ether_Snake said:
If it doesn't pass, we can expect shit to get very crazy very quickly on all stock exchanges.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
As a bonus, the SEC extended the short-sell ban
Ether_Snake
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I'm losing money on HON and BHI, never lost so much so quickly after I bought something. So I really want things to settle down. But it's never possible to tell if we're close to a bottom. We could go to 9000, even with the bailout IMO.
NTDOY down another 3% on the nikkei overnight - should open at ~47.00. This is a screaming buy, as long as the "rescue plan" passes. Sales numbers indicate that nintendo haven't been been affected by the economic slowdown - should hit earnings out of the park again in October.
gkrykewy said:
Just a warning - my experience with Nintendo earnings is universally negative. They make more money than God, but without fail they release an overly-cautious outlook that sends the stock down. If this bailout package goes through, the value of the dollar is going to suffer and that will weigh on Nintendo since a lot of their sales are overseas. They've noted the same thing before in their earnings reports. I agree that the price is very attractive at the moment though.
Looks like things are shaping up to be another shitty day. No one has confidence in anything right now.
kathode said:
Actually I don't agree - I believe this was the case with the most recent earnings report, but during their two big runups (through December 2007 and again through July 2008), they consistently outperformed estimates and guided higher than consensus.
kathode said:
I don't agree with this either - when the bailout package looked like a done deal last Monday, the Dollar soared against all currencies. 700 billion dollars is pennies compared to the impact of economic health on the value of the dollar.
But I agree that the period before/after earnings is likely to be volatile, and I will consider selling pre-earnings rather than post.
gkrykewy said:
It consistently beat estimates because nobody foresaw the success of the Wii. The stock has run from $16 to $60. A lot of good news is baked into the price. If they talk of any sort of headwinds ahead it could punish the stock severely.
Look at RIMM. They missed by a penny.
sonarrat said:
I know what a put is
. A put does not give you the ability to "short sell." It gives you the right, but not obligation, to sell a stock at a predetermined date at a predetermined price. There's a big difference. In fact, because of the short sell ban, you could see put premiums increase.Ether_Snake
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Bah, I'm not even gonna look. Gold is down, everything is down, bah.
RSTEIN said:
I generally agree - the stock was hit hard after last earnings because of this. However, you're a little off - wii's success was well-established last winter, and certainly by the run back up to 70 in spring/summer. BTW, the run was $16 to $~80 - I sold at 78.50 last November.
RIMM was already vulnerable because of iPhone and Android expectations.
EDIT: NTDOY seems to be tracking with many export-heavy japanese firms (SNE, etc) since mid-summer.
EDIT2: Holy fuck, am I glad I got out of POT. Now below 100!
RSTEIN said:I know what a put is
It is short selling if you don't own the stock. The only reason why it isn't covered by the ban is because the exercise date is outside the dates of the ban.
sonarrat said:
Yes, that's true. When you don't have the stock in your inventory then you can end up with a short position (which can be tricky with the ban on short sales). However, you can simply buy the stock and sell it upon expiry. That's the key difference. The main point is that a put option does not force you into a short position. It gives you the right to sell at a certain date at a certain price, that's all. The rest is up to you. Anyways, only a small % of options are actually exercised.
So wasn't the Senate passing the bill supposed to help the market? What happened? :lol Funny thing is that I dreamed the market would be down while I was half-asleep between about 5 am and 6:30 when the market opened.
It sucks that my puts and calls are both negative. Market isn't volatile enough.
It sucks that my puts and calls are both negative. Market isn't volatile enough.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
I thought it would, but according to finance.yahoo.com, it fell because of "a seven-year high in jobless claims". Also, it fell on "fear that the government's financial rescue plan might not be enough to ward off a recession."sonarrat said:
I do regret selling off shares of Wachovia Bank (WB) yesterday. I bought in at $3.55 tuesday and today it jumped to a high of $4.50
Ether_Snake
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I dreamed I was buying a lot of gold :lol
But wtf everything is down by so much, ATVI down 7%, ABX.TO down 9%.
...
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!
But wtf everything is down by so much, ATVI down 7%, ABX.TO down 9%.
...
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!
gkrykewy said:
Were you an owner? You can look back through this thread and see my reactions to price action after multiple earnings reports. Bad bad and then some more bad. There might have been one good one in there, but quite a few bad ones. I can't complain though. I bought in around 38 and sold around the high 60's if I remember right.
Just saying, do what you want, but I'm not convinced that they're a sure bet. I also think that for the holiday season, while they'll still sell gangbusters, that expectations might be ridiculously high, and I don't think they have a lot going on for them game-wise at the moment.
kathode said:
Yes; I was an owner last year - bought in June/July IIRC and sold in November. I simply don't share your recollection of earnings results - they always jumped on earnings because their prior quarter's guidance guidance was always conservative (and still is). The only exception was the most recent earnings, when they cut forecasts (and then revised them higher again at the beginning of september).
Still I agree that it's not a sure-thing at this point - they haven't fallen quite as far from their peak as, say, apple has, which I view as a peer stock.
Ether_Snake
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ABX.TO down 12%, STP down 16%.
China's Suntech solar plans to triple US sales
Ho-fucking-ray. Seriously. Makes perfect sense!
China's Suntech solar plans to triple US sales
Ho-fucking-ray. Seriously. Makes perfect sense!
Ether_Snake
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CGT down 10%.
This is my worst day ever.
But whatever, bring it!
This is my worst day ever.
But whatever, bring it!
RumblingRosco
Member
Bad day for the entire market, translates into a bad day for me! I am curious as to where NTDOY will go after all these big announcements over the past 24 hours.
Soka said:
As Ether_Snake noted re: STP, this market appears to be news-proof. The only news that matters is economic news. Re: NTDOY, just hope for the bailout to pass tomorrow, and hope for optimistic earnings at the end of the month (their last forecast adjustment was very optimistic).
I believe it's oversold (obviously I do, as I own it at a small loss right now), but it could still take awhile to regain its footing. I will buy more if it falls further to the low 40s.
Right now it is mostly tracking both the Dollar-Yen and other Japanese exporters like SNE since July/August.
Bah, nintendo down another 9% on the nikkei tonight! Should open at ~43 tomorrow. I wish I'd waited :lol . This is all about expectations of US slowdown and its impact on exporters. Personally I don't expect much impact on nintendo, but I can certainly understand the concern.
RumblingRosco
Member
gkrykewy said:
Didn't you get the memo? shidoshi bought it, Nintendo is going out of business soon because of his reckless buying habits! :lol
Ether_Snake
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gkrykewy said:
Well actually there is a reason. The economy is obviously heading down, and this can only lower the purchasing power of every American. It makes government incentives to renewable energy less likely, investment in said sector from companies themselves, even if it means saving money down the line, is also less likely, people buying Wiis or games etc. will do so in smaller numbers, less people in the theaters, people won't go and buy that new pair of shoes, people will try to save more money regardless of their situation.
And this today was the bullet:
http://biz.yahoo.com/ap/081002/wall_street.html
There is ample reason for concern. Even I don't feel directly affected yet, but I'm starting to look for ways to cut my expenses in my daily life, and I'm not even in the US.
Who's gonna buy an iPhone or a new iPod now or in the future? Already people are seeing their expenses under a different light right now, imagine if things get worst?
It's logical, it could get worst, it just pisses me off.
And really, I'm a guy who saves his money and I work hard and do a good job, but the markets go down taking my good investments with them, and then I'm unsure about my professional future because it seems that at the company they promote people based on how many years they've been there instead of getting feedback on who's actually doing a good job (it works by project, and the ones that are in charge of promotions are NOT on said projects, nor do they ask feedback from the managers).
Blargh, tough times. I hate this uncertainty. First time I feel like my opportunities are limited, and for reasons out of my control at that.
Heck, even gold AND oil are falling.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
Ahh, somebody slap me silly.
Wachovia Bank is being rescued by Wells Fargo. Share price is $6.90, why did I sell at $3.55?
Wachovia Bank is being rescued by Wells Fargo. Share price is $6.90, why did I sell at $3.55?
toxicgonzo said:
Who could have predicted that? It's like a lottery drawing. What makes me cringe is that there was an older retired woman on some news program who lost a lot of money selling her wachovia shares monday for $1.xx. That really sucks.
Ether_Snake said:
I understand, but assuming the bailout passes, this can still be a recession rather than a depression.
Ether_Snake
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Let's hope so.
UBI down 5% right now. Back to where it was a year ago, at 45, after having gone all the way up to 70 euros.
UBI down 5% right now. Back to where it was a year ago, at 45, after having gone all the way up to 70 euros.
Ether_Snake
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You can watch it on c-span.org
toxicgonzo
Taxes?! Isn't this the line for Metallica?
It was reported early this week that Citigroup and Wells Fargo were bidding for Wachovia. It didn't matter who won just so long as somebody would rescue Wachovia.gkrykewy said:
^5. Got any other good stock tips?onipex said:
Oh, by the way, be advised:
Yahoo Finance said: