***Official*** 2011 Stock Market Thread

[JS80]

Anyone have quotes for N225 from home?

Thanks.

NM

http://e.nikkei.com/e/fr/marketlive.aspx

Not too bad a reaction IMO. Basically following US action, but not leading it down further.

 

[lothar]

NFLX flash crashed after hours. Who trades these names after hours?

Post 190.15/191.11 next trade is 175.50/176.20 @ 4:07:23, another mini flash crash at 4:19:30.




Now trading 200.60/.80 @ 6:45, trading these high beta names after hours is just murder...

Extend payables forever and we can create all kinds of FCF. Netflix's account systems are more complicated than a banks. Probably will short this name off the open barring some big news overnight.

NFLX seems like one of the best short candidates I've ever seen but I don't have the balls to short the stock.

I only do puts on stocks I would actually want to own if/when doing options.
NFLX doesn't fit my "would actually want to own" category.

I've been following the fight between Whitney Tilson and NFLX CEO Reed Hastings for over a month now with interest.

 

[The-Noid]

NFLX seems like one of the best short candidates I've ever seen but I don't have the balls to short the stock.

I only do puts on stocks I would actually want to own if/when doing options.
NFLX doesn't fit my "would actually want to own" category.

I've been following the fight between Whitney Tilson and NFLX CEO Reed Hastings for over a month now with interest.

xxx

 

[Imp]

NFLX seems like one of the best short candidates I've ever seen but I don't have the balls to short the stock.

I only do puts on stocks I would actually want to own if/when doing options.
NFLX doesn't fit my "would actually want to own" category.

I've been following the fight between Whitney Tilson and NFLX CEO Reed Hastings for over a month now with interest.

An 80.3 P/E ratio. LULU is at 51.7 P/E.

Both I have considered buying long and selling them after a few days, but it's a long way down if it goes after I step in.

 

[The-Noid]

xxx

 

[Imp]

<-- Owned LULU many times. Once Cramer hypes a stock I usually jump out. LULU was no exception. After good guidance, Cramer said they would hit $100 that was my exit point (average price $63.51 on 12/12 multiple basis average of ~25.).

I wanted to pull the trigger on LULU many times when it was at about $50. I still remember the Q3 2010 report day when it jumped 15-20%. They have nice clothes, but damn the stock is overpriced.

 

[rcpratt]

***

 

[snoopdoug1]

Well, F is solidly under $16 now, if anybody was still looking for an in.

yeah I think it'll come back, mine is a long term thing anyways. It just took another beating today though.

 

[InverseOfNeo]

Looks like market is starting to bounce back from Friday. Got in AMZN at about $169 this morning. My price target on it is in the high 200s, though I cant substantiate it based on anything besides opinion.

 

[IHateMyJob2004]

Lothar,

Buy anything lately? I need ideas?

Man, did I miss out on PEDH. I first looked at it a month or two ago when it was around $1. In the past 1-2 weeks it is up about 100&#37;.

Ever read about that lumber company in Canada (I've been to busy to)?

 

[DesiPower]

yeppiee!!!!! finally closed at over 12k...

 

[IHateMyJob2004]

Lothar,

I found a low volume stock that I might try to pick up. After I grab some shares, I'll post the ticker in this forum. If it were not low volume (where I might be the only buyer on a given day), I would just tell you.

 

[lothar]

Lothar,

Buy anything lately? I need ideas?

Man, did I miss out on PEDH. I first looked at it a month or two ago when it was around $1. In the past 1-2 weeks it is up about 100&#37;.

Ever read about that lumber company in Canada (I've been to busy to)?

I typed a response and was looking at a tab to the left of that and clicked close and I also mistakenly closed the tab that had my response in the process.
I'm not sure why Firefox doesn't automatically default to the last tab you looked at after you close a tab...Instead it defaults to the one on the right of what I just closed.

It's late and I will respond tomorrow morning before market opening.

 

[IHateMyJob2004]

I typed a response and was looking at a tab to the left of that and clicked close and I also mistakenly closed the tab that had my response in the process.
I'm not sure why Firefox doesn't automatically default to the last tab you looked at after you close a tab...Instead it defaults to the one on the right of what I just closed.

It's late and I will respond tomorrow morning before market opening.

I've had similar problems in the past. I understand how frustrating it can be.

One follow up. If you had a screener would any of the following be useful to you?
(total liabilities)/(5 year FCF average)
(total liabilities)/(1 year or TTM FCF)
(total debt)/(5 year FCF average)
(total debt)/(1 year or TTM FCF)

I look at those two ratios all the time. It's not common (to the avarage investor) but it does tell you a bit about how fiscally conservative a company is. Instead of FCF, Earnings or EBITDA could be used since most people are more familiar with those terms.

 

[lothar]

Lothar,

Buy anything lately? I need ideas?

Man, did I miss out on PEDH. I first looked at it a month or two ago when it was around $1. In the past 1-2 weeks it is up about 100%.

Ever read about that lumber company in Canada (I've been to busy to)?

Besidse buying COCO last month and a lot of GRVY in December, nothing new.
"For-profit" education isn't going anywhere IMO.
After looking at most of the companies in the sector from COCO, CECO, APOL, ITT, ESI, Strayer, and others, I decided to go with COCO...APOL came a close second.

PEDH? Don't know anything about it, first time I'm hearing about it...

Lumber company in Canada? Must have missed something that you mentioned earlier. Symbol?
The only "Canadian" company I own is Fairfax Financial, which I will continue holding onto the OTC pink sheets.

Lothar,

I found a low volume stock that I might try to pick up. After I grab some shares, I'll post the ticker in this forum. If it were not low volume (where I might be the only buyer on a given day), I would just tell you.

Is it the same 17 page report I read yesterday? :sneaky:
If so, then I know what stock it is.

 

[IHateMyJob2004]

Besidse buying COCO last month and a lot of GRVY in December, nothing new.
"For-profit" education isn't going anywhere IMO.
After looking at most of the companies in the sector from COCO, CECO, APOL, ITT, ESI, Strayer, and others, I decided to go with COCO...APOL came a close second.

PEDH? Don't know anything about it, first time I'm hearing about it...

Lumber company in Canada? Must have missed something that you mentioned earlier. Symbol?
The only "Canadian" company I own is Fairfax Financial, which I will continue holding onto the OTC pink sheets.


Is it the same 17 page report I read yesterday? :sneaky:
If so, then I know what stock it is.

Umm, yes it is. The report made it sound like a good opportunity. Read the latest 10-Q which doesn't say much. It's not really a gamble from what I did read so I grabbed some this morning. I wish I bught yesterday though but I had atleast do some reading beyond the 17 page report before buying. With my luck, it will drop 20&#37; now hat I own it. It almost looks like another RSKIA but not quite as good. A bought a smaller share so I could always DCA later if I have to.

I didn't know that you have a subscription at gurufocus. I know you go there occasionally but not that you subscribe.

PEDH is peoples education. They make educational materials for K-12. From a FCF perspecitive it is undervalued. The thing that kept me away was that they sell some software products and their web site had dead links for a long time. That just made me think that it was a poorly run company. I think the last annual report did not soothe my fears either. It's been a month since I looked at it but from going through it, I basically got scared. But it is definitely an opportunity. Sorry, I thought I mentioned them in the past. Give it a look and tell me what you think. 5 year FCF average is $5-$6 million with a $10M market cap. And the debt load is not bad at all.

EDIT: Regarding 17 page report stock: I got in and it shot up 70% a minute later.

 

[The-Noid]

Blah.

 

[snoopdoug1]

Umm, yes it is. The report made it sound like a good opportunity. Read the latest 10-Q which doesn't say much. It's not really a gamble from what I did read so I grabbed some this morning. I wish I bught yesterday though but I had atleast do some reading beyond the 17 page report before buying. With my luck, it will drop 20% now hat I own it. It almost looks like another RSKIA but not quite as good. A bought a smaller share so I could always DCA later if I have to.

I didn't know that you have a subscription at gurufocus. I know you go there occasionally but not that you subscribe.

PEDH is peoples education. They make educational materials for K-12. From a FCF perspecitive it is undervalued. The thing that kept me away was that they sell some software products and their web site had dead links for a long time. That just made me think that it was a poorly run company. I think the last annual report did not soothe my fears either. It's been a month since I looked at it but from going through it, I basically got scared. But it is definitely an opportunity. Sorry, I thought I mentioned them in the past. Give it a look and tell me what you think. 5 year FCF average is $5-$6 million with a $10M market cap. And the debt load is not bad at all.

EDIT: Regarding 17 page report stock: I got in and it shot up 70% a minute later.

Did your single purchase drive it up that much?

 

[lothar]

Well, F is solidly under $16 now, if anybody was still looking for an in.

Those of you buying F, what is the appeal?
Last I looked at it earlier last year, they had $30 billion in debt compared to the "new" GM which only had about $10 billion.

Isn't F still run on the old bloated UAW contracts? GM and Chrysler were able to trim the fat when they went into bankruptcy, Ford was not.
Re-negotiation of UAW contracts is due this year at Ford. Expect the UAW unions to want more of share in it's profits.

 

[The-Noid]

I am guessing based on his post he is one of the 700-1k lots though and then the 10k lot came in after him.

Either way this kind of trading makes no sense. Huge market impact costs involved.

 

[The-Noid]

Those of you buying F, what is the appeal?
Last I looked at it earlier last year, they had $30 billion in debt compared to the "new" GM which only had about $10 billion.

Isn't F still run on the old bloated UAW contracts? GM and Chrysler were able to trim the fat when they went into bankruptcy, Ford was not.
Re-negotiation of UAW contracts is due this year at Ford. Expect the UAW unions to want more of share in it's profits.

xxx

 

[lothar]

I am guessing based on his post he is one of the 700-1k lots though and then the 10k lot came in after him.

Either way this kind of trading makes no sense. Huge market impact costs involved.

That's why one should do limit orders and not open orders.

 

[The-Noid]

That's why one should do limit orders and not open orders.

Limit orders do nothing in thinly traded stocks. Only way to trade something like that is algo trading, negotiated offer or via a broker that is going to sit and trade them lot by lot and take the spread for himself.

 

[HopJokey]

Sorry to say you are confusing concepts.

A limit order becomes a market order after the price hits. It doesn't mean you will get that price.

In a thinly traded stock like that I could have a limit at 2.25 fill 1 share and the other 999 fill at 2.50.

Would doing a "All or nothing" option prevent this scenario?

 

[lothar]

Would doing a "All or nothing" option prevent this scenario?

Yes, it should I believe.