Maserati wrote:
Snapchat is tanking because it’s crap
Yes, that's why I suggested buying puts on it. Best case scenario is a buyout and if the stock price is low enough someone might make an offer, hence the $10 calls I have (which are basically lottery tickets but they were dirt cheap).
Maserati wrote:
Boeing dropped because of automatic selling by machines that wrongly windowed data.
Well, Boeing is also dropping because trade wars are good and easy to win.
Yes acquisition is the goal. I have no information on what they have nor on whether anybody is interested. You have to believe that they have something of value, so imo your bet is a decent one but not one that I will make personally.
Maserati wrote:
Yes acquisition is the goal. I have no information on what they have nor on whether anybody is interested. You have to believe that they have something of value, so imo your bet is a decent one but not one that I will make personally.
Actually I believe they have nothing of value and I hope them and Facebook die off. World might be a bit of a nicer place I think. But Snapchat in particular amazes me because it's such dogsh!t
But it's fun to put $50 in and watch it ride on puts while the market goes south. If it bounces before Friday, big deal, only $50. If I can actually sell in the money, cool. Basically gambling which I tell myself is OK as long as I don't throw more money in. Also, could the situation for GE get any worse?
GE’s problem is the GE Cap Fin banking that isn’t. They haven’t been able to let go. It would be great if they sold off certain units, but also impossible. GE is a necessary evil, tbtf—but it is spread too thinly imo.
I saw that news this morning lol gladni don’t own it
Inquiring minds want to know wrote:
why doesn't the Fed just keep interest rates at or near zero forever? There shouldn't be any worry about inflation - the Fed can control everything anywhere at anytime.
The Fed controls inflation by manipulating interest rates.
Inquiring minds want to know wrote:
And if China or any other countries need help, why doesn't the U.S. just give them Trillions of dollars or whatever it takes.
You have this backwards. It’s actually China that has loaned money to the U.S..
Maserati wrote:
GE’s problem is the GE Cap Fin banking that isn’t. They haven’t been able to let go. It would be great if they sold off certain units, but also impossible. GE is a necessary evil, tbtf—but it is spread too thinly imo.
I saw that news this morning lol gladni don’t own it
What rock have you been living under ?
On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years.
The following areas were sold:
GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Banking Corporation
GE Capital Real Estate was sold to The Blackstone Group and Wells Fargo
The majority of GE Commercial Lending & Leasing was sold to Wells Fargo. Operations in Germany and France were sold to Crédit Mutuel. Operations in Australia were sold to Sankaty Advisors.
Mubadala GE Capital, a joint venture with Mubadala Development Company, was sold to MidCap Financial, a portfolio company of Apollo Management.
GE Capital Rail Services was sold to First Union Rail, a subsidiary of Wells Fargo, and Marmon Group
GE Capital Bank was sold to Goldman Sachs.
GE Healthcare Finance Services was sold to Capital One.
GE Capital Equity was sold to Ardian.
GE Capital Transportation Finance was sold to BMO Financial Group.
GE Capital Corporate Finance - Aircraft was sold to Global Jet Capital, a portfolio company of AE Industrial Partners, the Carlyle Group and GSO Capital Partners.
GE Capital's Mexican equipment lending and leasing operations were sold to Linzor Capital Partners.
GE Trailer Fleet Services was sold to Element Financial and Arval.
GE Capital's Japanese capital finance, fleet service and vendor finance businesses were sold to Sumitomo Mitsui Financial Group
GE Capital's American restaurant finance operations were sold to First Horizon National Corporation, Wintrust Financial and Sterling Bancorp. Its hotel franchise operations were sold to Western Alliance Bancorp.
As of June 2, 2014, GE Capital Retail Bank is now known as Synchrony Bank. GE Capital was then composed only of the original commercial/industrial bank in the United States. GE Capital provided credit services solely to businesses and merchants in the United States, and acts as a multi-product commercial finance bank, and uses deposit Accounts to fund commercial loans and leases.The company served various industries, such as automotive, consumer electronics, flooring, healthcare, home furnishings and improvement, HVAC, elective health care, jewelry, landscaping and irrigation, luxury goods, marine, music, outdoor power equipment, pool and spa, power sports, recreation vehicle, sewing, sporting goods, travel, vacuum, and water treatment industries. GE Capital Bank was a member of the Federal Deposit Insurance Corporation (FDIC). GE Capital Bank was sold to Goldman Sachs in 2016.
I see the new CEO took a goodwill impairment of $21.973 billion for the quarter .
One of eight indexes on our world watch list have posted gains through Monday, October 29, 2018. The top performer this year is India's BSE SENSEX with a gain of 0.75%. In second is our own S&P 500 with a loss of 1.21%. In third is France's CAC 40 with a loss of 6.08%. Coming in last is Shanghai's SSE with a loss of 23.13%.
Porsche Cayman wrote:
Three of eight indicators on our world watch list have posted gains through Monday, October 29, 2018. The top performer this year is One Year CD at 2.65%, second the 6 Month T-Bill at 2.42% and the only equity index in third India's BSE SENSEX with a gain of 0.75%. In second is our own S&P 500 with a loss of 1.21%. In third is France's CAC 40 with a loss of 6.08%. Coming in last is Shanghai's SSE with a loss of 23.13%.
https://www.adviserlackingperspevtive.com/dshort/updates/2018/10/29/world-markets-update?&bt_ee=LppKF%2F3nN0IRdkVS4V7zb%2Btr884uuk1Dm%2FnA0T4%2Faqil3N0089SP2CGOehXWwvV4&bt_ts=1540896741997
Under the rock of buying BA at 330 and just selling it around 340. Made a thousand bucks by putting some money at risk.
Because you missed it, I will spell out for you that I was referring to the hangover in GE’s corporate culture.
I thought that “the GE Cap Fin banking that isn’t” was clear.
One misstatement i did make was that the djia would not go much above 24,5, clearly i meant below as i consider 24,5 the level they are holding. That observation looks good, too.
Skeptical how much progress we can make with AMZN drifting down on the day.
Ghost of Igloi wrote:
IBM has sure burned $Billions buying back stock and paying dividends.
They dialed back the buybacks after 2014 ; $13.679 Billion to a 1/3 or less than that amount the next 4 years , but CAPEX has remained the same $4.1+ Billion for 6 years . They have made some cloud related acquisitions , but as the Stratechery article points out , they are way behind the big three . This appears to be a Hail Mary Pass . I also wonder how many Red Hat employees are going to leave .
Ghost of Igloi wrote:
Skeptical how much progress we can make with AMZN drifting down on the day.
yeah everyone is eyeing tech to see what it will do.
on the other hand, small caps are starting to rebound a bit, up a couple percent from their lows last week
My spider sense is saying that people have been edging in yesterday and today to buy their favorite stocks at bargain basement prices. Not a flood yet, but that will come. I'm sure we'll have an up 2% day pretty soon and that will usher in many more buyers.
You read the earnings reports and companies are doing great - just fantastic numbers. So people will want to be bargain hunting.
Like the Immelt years at GE apparently Ms. Rometty made all the wrong moves.
So far...?
You know I don’t take this seriously anymore, right? I am only back in the usa and doing this at all because of the recent market dislocation. I am not interested in trading anymore, I just do these small hits for fun while waiting things out, something to do while looking at the big picture. I really wasn’t planning on trading at all! If i was, i sure wouldn’t have time to write on here.
I would venture to guess that the small pool of capital with which I have been playing just over the last 2 weeks has vastly outperformed most things this year. Actually, everything. Before tax, that is.
This type of env makes me itchy to trade again, though. Like Racket feels, there are today more than a few things that have ripened and are ready for picking. But instead i am looking at a dividend portfolio, muni’s, corporate paper, and mining funds and stocks. Getting old, i guess.☹️
AMZN looks great by some numbers, ridiculous by others. While i think they will catch up to themselves, i also think there are better prospects.
IBM is a dinosaur. They have tried, I will give them that. They used to be embedded, but now there are alternatives in some areas that they once owned. No glamour, limited potential, trying to reinvent by marrying. Still have some good ech, imo might profit tremendously if china can ever be convinced to respect ip.
Ghost of Igloi wrote:
Like the Immelt years at GE apparently Ms. Rometty made all the wrong moves.
Still waiting for Jack Welch to shoot Jeff Immelt . “I’d be shocked beyond belief, and I’d get a gun out and shoot him if he doesn’t make what he promised now,” Welch said on CNBC, a cable station owned by GE. “Just deliver the earnings. Tell them you’re going to grow 12 percent and deliver 12 percent.” 4/16/2008
Just like "those Chicago guys".
Small caps totally a momentum trade. Worst fundamentals with 60+% of the companies debt one level above junk. There are many weak business models that have been able to survive on cheap money and low labor costs. That trend is over.
la gente ésta muy loca wrote:
Ghost of Igloi wrote:
Like the Immelt years at GE apparently Ms. Rometty made all the wrong moves.
Still waiting for Jack Welch to shoot Jeff Immelt . “I’d be shocked beyond belief, and I’d get a gun out and shoot him if he doesn’t make what he promised now,” Welch said on CNBC, a cable station owned by GE. “Just deliver the earnings. Tell them you’re going to grow 12 percent and deliver 12 percent.” 4/16/2008
Just like "those Chicago guys".
Immelt failed to execute Six Sigma. Needed to read Jack and Suzie’s book.
Maserati wrote:
So far...?
You know I don’t take this seriously anymore, right? I am only back in the usa and doing this at all because of the recent market dislocation. I am not interested in trading anymore, I just do these small hits for fun while waiting things out, something to do while looking at the big picture. I really wasn’t planning on trading at all! If i was, i sure wouldn’t have time to write on here.
I would venture to guess that the small pool of capital with which I have been playing just over the last 2 weeks has vastly outperformed most things this year. Actually, everything. Before tax, that is.
This type of env makes me itchy to trade again, though. Like Racket feels, there are today more than a few things that have ripened and are ready for picking. But instead i am looking at a dividend portfolio, muni’s, corporate paper, and mining funds and stocks. Getting old, i guess.☹️
Good day to buy puts if you think the market is going down.