Good work Stoney! Keep it up. I checked FHC. It is already ran up. My buy point should be $2. It is at $3 now. I would have loved to know about this company on Nov 21 when I called the bottom here on ET and on RFT's riskfreetrading. I would have gotten it at around $2. Others: LUk: good at $14. CME: ok at $152, better at $80 Aviva: $29 to $30
I think I'll go ahead and try a Barron's subscription and see if I can get it on Saturday. I pull the Market Week section out and throw away the rest. Abelson's writing is so flowery it's hard to follow along with. I've been watching media stocks fall for some time now so when I noticed Viacom in the Charting the Market section it caught my eye. They said they are cutting 7% of their workforce as CBS struggles with weak sales and MTV loses viewers. Media companies are going to have to get used to smaller workforces and profit margins as they move to the internet. Some newspapers will not survive the next couple of decades.
CME and LUK?? What are you, stoned? Fugetaboudit. Your two strongest are AVAV and FHC. For ZALE do you mean Zale's Jewelery, ZLC? I think retail stocks are going to do well, but I ain't so sure about Zale's.
So remember folks when you urge to merge and need to bank or just want to go bankrupt! Use Merrill Lynch when you can & Citigroup when you can't. Use them on both sides of the deal and your wishes will come true... just look at Tribune Corp. Of course get your own " Fairness Opinion " first from Morgan Stanley before you act. This message had been brought to you by" Solvency Opinion " specialists Valuation Research Corportation- working hard to put hard workers out..... And now without further delay... HERE HE IS THE BARRONS GAME!!!!!!!!! Thank you Wink. Ok folks thanks for your feedback. My first compulsion this week was AVAV, they have a little wind division and this where I get off track, but they have a division not profitable but growing that puts little wind turbines on skyscrapers! How cool is that! Complete pie in the sky stuff! but eventually a reality....and then I read through the message board chatter- always a big mistake to go to Yahoo folks.. there Cramer is being bandied about- apparently he likes the name & that gives me pause. More pause. Great earnings- few upgrades, Why? I had to dig- Revenue surged 22% to a record $65.8 million. Operating margins raced ahead of management's long-term goal of 12% to 14%, weighing in at a beefy 19%!!!. Earnings? Those jumped 71% in comparison to last year's second quarter. On the post-earnings conference call was this cautionary statement from management: Just because AV earned great margins in the first half of fiscal 2009 doesn't mean we'll see the same in the second half. Management said the above-trend operating margin in the first half was "primarily due to higher gross margin and lower selling, general, and administrative expense." Expect this to reverse in future quarters, however, as the company "plan to increase investments in IR&D, SG&A and infrastructure throughout the second half. These investments should bring our ... operating margin in line with our original targets for the year." In other words: 12% to 14%. Not 19%.... next! How about a female condom! How great to be able to say that in a public setting! I have reservations here and this is why I have learned that the reason they are in front of the FDA is for off label stuff they want the free boost of the HIV angle making it more medical... less about population control...the only problem is this new product is made from something different than their first female condom which was ok'd by the FDA-- now they want a more lofty packaging claim and yet they do no studies and change the material???? Next. And here is where it gets interesting. Despite any brief feelings of rest here the economy looks so bad you have to be thinking beer stocks or beer cans.... BALL CORP!!! I've been thinking at night about this name... they do a lot of soda can stuff they are a recession friendly stock- City just today said pricing was strong in Eueope; the stk is the best positioned technically of any in the Barons game this week, sitting just above a clearly defined range in the range in the launch zone... The gut feeling here is that we buy a non traditional less beta name... I'm thinking very much BLL is the winner.... ~ stoney
The horizontal channel is a charting formation that is commonly used by short-term traders. It is formed during a period of consolidation and is recognized by its unique shape. As you can see from the chart below, the pattern is constructed by drawing two parallel trendlines that connect a series of highs and lows. Both trendlines act as barriers, preventing the price from heading higher or lower. Once the price breaches one of these levels, the period of consolidation is over and a sharp move usually follows..... that's from some site Wikipidia investing site I just found.... That aforementioned Sharp Move looks like it's about to happen to Ball. back to Wikipedia- - Taking a look at the daily chart of BLL, you'll notice that the price has been confined within a horizontal channel since early October. The horizontal trendlines have acted as strong levels of support and resistance, but as you can see, an interesting opportunity was triggered today because of a close above BLL's nearby trendline. Breakout traders will use today's close as a sign that the stock is positioned to move higher and many will set their target prices near $46.
Well I used a lifeline! And here is the response from the hedge fund I will note as always the idea is less than 100% endorsed and leaves the choice to me... -BLL - have liked in the past. Probably a good point given commodity prices and somewhat stable demand. But lots of European exposure where demand might not be as stable and there is a currency issue. Buy it? And so it is done and in SIZE to boot. Or should I say to bottle. This edition of the barron's game may take longer than a week to play out BLL In approx $37.25 And happy to wait for that $46! Hope You All Are Playing Along. And we'll update you on the condom outcome for sure. Ladies & gents, investors of all shapes and sizes- That's It! Until we meet again at the Roundtable End Of Year Edition- This Has Been The B*A*R*R*O*N*S Game. ~ stoney
SELLING BALL!!!!!! HELLO LADIES AND GENTS! Due to the largeness of Citigroup and an upgrade today on our Ball Corp- BALL CP(NYSE: BLL) Real-time: 40.48 2.00 (5.20%) 9:52am ET We are walking away today $3 or $4 THOUSAND DOLLARS RICHER!!!! WE DID IT AGAIN!!!!! HOLY CRAPPOLA!!!!!! The Barrons game has returned over 5 GRAND in two weeks for an $10 investment (actually $5 by subscription) You can't get that return in T Bills!!!!!!!!!!! Now I've been scrutinizing the rules of the game and I am allowed now to go into Female Health if I want to play the condom story.... or I could reach back for a different stock on today's list... or the prior game and I'll have to search for that... VISA would be the move here... We wrote the name up at $49 and I think I may have seen something in Barron's recently on the CC companies.... ONXX is revving but that's not in the issue (yet) probably this week they will report on all the upgrades, that would be front running Barron's but that works too... GRMN would be a nice play here and their INSIDER buying will probably be profiled this week... I'm crazy about APPY but no one will talk about that.... Back soon! ~stoney
This is a little tricky folks... there is a Dec 10 Online mention of Insider Buying at VISA... we can extrapolate then that there is a near 100% certainty that these transactions will be in the next isue, in the Insider area... so on a predictive basis we could buy Visa now... although Barrons has not done a CC story, I was wrong about that.... A little help here from the judges please!~si WEDNESDAY, DECEMBER 10, 2008 INSIDE SCOOP Buying in the Cards for Visa Execs By TERESA RIVAS | MORE ARTICLES BY AUTHOR The CEO and CFO bought over $700,000 in the credit-card firm's stock. IN UNCERTAIN TIMES, one has to give insiders at Visa (ticker: V) credit for putting their money into the stock. Last week the two top executives bought more than $700,000 in shares, their first open-market purchases since the credit-card company's March initial public offering. On Dec. 2 Chairman and Chief Executive Officer Joseph Saunders purchased 10,175 shares for $513,462, or $50.46 a share. The purchases were made indirectly through a trust and his son. The shares Saunders bought represent the entirety of his indirect holdings. He also owns 114,838 shares directly. On Dec. 3 Chief Financial Officer Byron Pollitt Jr. purchased 4,000 shares for $192,000, or $48 a share. He now owns 23,281 shares directly. These are the first purchases for both men since March, when they bought stock in connection with Visa's IPO, and the largest purchases at the company since that time. Only one other director has bought and held Visa stock since late March. Both executives own less than 1% of the San Francisco-based company's class A stock. Visa's ownership guidelines for executives note that the CEO must have shares valued at five times his base salary while the financial chief must have four times his base salary. The executives have a number of years to fulfill the requirements. A spokeswoman for Visa declined to comment on the transactions. The insider purchases came less than two weeks after Visa shares fell to a 52-week intraday low of $43.54, dipping below their $44 IPO price. The stock had more than doubled to $89.84 in May. On Tuesday the shares fell $2.63 to $53.53. Visa is off 32.7% in the last six months, holding up better than both the Dow Jones U.S. Consumer Finance Index, which has lost 41.7%, and the Standard & Poor's 500, down 34.6%. Ben Silverman, director of research at InsiderScore.com, notes that while Pollitt may have been buying the stock cheaply in order to meet his ownership guidelines, he still has four years to reach the required levels. And Saunders had already reached his ownership guideline well ahead of schedule, signaling that he thought the stock was undervalued. "He is an experienced executive, and he has done a good job at Visa," says Silverman. "With the buy, Saunders put nearly half his annual cash compensation back into the stock." Silverman says that while the shift away from cash to credit is a positive global trend for Visa, in the near term the softening economy and increasing consumer pullbacks and defaults are obvious headwinds. In late October, Visa managed to top fiscal-fourth-quarter earnings forecasts, but struck a somber tone looking forward, saying revenue for the next three years would come in toward the low end of guidance due to the global economic malaise. Visa also warned that it could incur "significant" charges in fiscal 2009. Yet, analysts remain optimistic about Visa's future. Those polled by Thomson Reuters on average rated Visa at Buy or the equivalent, with a 12-month target price of $70. After the earnings announcement William Blair analyst David Long wrote in a research note, "Despite slower volume growth as the global economy teeters on recession, Visa should continue to post relatively good results." Long, who has an Outperform rating on the company, also wrote that he expects the company to begin actively buying its own shares in the near future.
the silence is deafening! Can't do Visa I don't think, though I left it at the hedge fund's discretion.... Female Health has been at the FDA since 8 THIS MORNING! Lots of volume for the name.... Dangerous though two outcomes nail you (1) Sell the news (2) rejection... it's the third outcome I worry about that it EXPLODES... what to do there is still time. I don't leave the table for another ten minutes and THEN I'm back for the last hour.... weird the stk is not frozen pending news.... Is anyone else in stockland thinking about female condoms today or just me>? ~stoney