***Official*** 2012 Stock Market Thread

[Pliablemoose]

It was actually a serious question. If they have beaten the street every quarter for years on end, there is a concern worth investigating. Not saying it is Enron. Saying it is something to investigate as an investor.

It's because they traditionally give very conservative guidance.

Enron was a criminal organization versus a company giving conservative guidance. If your knowledge base is really that poor, you might want to consider an indexed fund or mutual funds, and laying off individual stocks investing.

 

[IHateMyJob2004]

Pliable,

Enron cooked the books to beat wall street analyst expectations on a quarterly basis.

What Enron was doing had nothing to do with their own guidance and everything to do with analyst expectations.

That is the inference I am making. I'm not sure where the confusion is. I am simply asking if Apple has constantly beat the number wall street expects, not their own guidance.

You're normally more mature about things. Avoid personal attacks.

 

[IHateMyJob2004]

Back to why I came here.

Target is down today on laughable news. Bought in for 47.54.

 

[Pliablemoose]

Pliable,

Enron cooked the books to beat wall street analyst expectations on a quarterly basis.

What Enron was doing had nothing to do with their own guidance and everything to do with analyst expectations.

That is the inference I am making. I'm not sure where the confusion is. I am simply asking if Apple has constantly beat the number wall street expects, not their own guidance.

You're normally more mature about things. Avoid personal attacks.

Um, that was a particularly stupid question, and it was a heartfelt response.

Many of those funds have an impressive return and frankly it's hard to beat a room full of geniuses that do high frequency trading.

 

[Imp]

Back to why I came here.

Target is down today on laughable news. Bought in for 47.54.

Sweet. Thanks for the tip.

This one's approaching it's post-Aug low and bucking the market rally trend for everything else. I'd have bought in around $47.50, but I'll wait another day or two.

Also, funny thing is Loblaws (Canadian grocery chain) is also taking a dump and approaching buy territory. TGT is opening stores here and increasing competition on Loblaws.

 

[darkxshade]

Dang, looks like OCZ is making its climb towards earnings call. I was hoping I'd get a change to get in some more.

 

[IHateMyJob2004]

Forgot about a limit order to sell USG. It sold at $11.25 or so. Now $11.60.

MAS keeps on marching up after I sold.

And same sob story with WFC.

Come on bear market, where are you?

EDIT: Pliable. My knowledge base is not poor in regards to companies I give two shits about. I couldn't care less what is going on with Google, Apple or MSFT. I asked a simple question. And amazingly, no one has answered it. So, I guess I am the one with the "poor" "knowledge base". If I owned Apple, I'd atelast give a shit about looking at the history of wall street estimates (not company guidance) and actual reported numbers because everyone ekeeps saying they beat estiamtes. Also, Apple's FCF numbers look good. Apple has no debt. And has alot of shareholder equity. I doubt it is an Enron. That doesn't mean you assume bliss. People did that with Enron and where'd it get them?

 

[akshatp]

Gee so glad I sold all of my DNDN holdings at 7.51 yesterday for a measly profit... up 40% today and more in after hours trading. FML

 

[Imp]

Gee so glad I sold all of my DNDN holdings at 7.51 yesterday for a measly profit... up 40% today and more in after hours trading. FML

Welcome to the casino...


Started small position in TGT. Expecting/hoping it hits $46.

 

[akshatp]

Welcome to the casino...


Started small position in TGT. Expecting/hoping it hits $46.

You going to buy TGT on the expected drop?

 

[Imp]

You going to buy TGT on the expected drop?

Going to buy more as it drops, hoping it goes back to it's ceiling for the past few months, which IIRC is $55-ish.

 

[IHateMyJob2004]

Ya, I have the same TGT thesis. Back to $55. Done it with TGT once last year. It's undervalued as is. The dip was just opportunity.

Actually, I'd sell at $52 but only time will tell what I do.

 

[IHateMyJob2004]

Yayyyyy,

Unemployment at 8.5%. Buffett is turning out to be right! He has a friendly $1 bet with some professor in NYC that is fairly famous. Forget who though. Buffet said the bet is that unemployment will be under 8% by election time. Later it was coaxed out of him that the exact bet is at 7.2%.

 

[SunnyD]

Yayyyyy,

Unemployment at 8.5%. Buffett is turning out to be right! He has a friendly $1 bet with some professor in NYC that is fairly famous. Forget who though. Buffet said the bet is that unemployment will be under 8% by election time. Later it was coaxed out of him that the exact bet is at 7.2%.

Yay, holiday and YOY retail reports coming in showing (as I said) most retailers LOST money last year.

This year is going to be financially horrible for the stock market. Unless of course we manufacture a war - which given North Korea and Iran/Middle East is actually rather likely.

 

[KB]

Yayyyyy,

Unemployment at 8.5%. Buffett is turning out to be right! He has a friendly $1 bet with some professor in NYC that is fairly famous. Forget who though. Buffet said the bet is that unemployment will be under 8% by election time. Later it was coaxed out of him that the exact bet is at 7.2%.

Don't bet against Buffet. He has enough money to hire enough people to get the unemployment rate to 7.2%. Personnally I think the number is off and perhaps its being artifically lowered to help encumbants in the next election.

 

[IHateMyJob2004]

Kb,

Rail time indicators year to year are better right now. Especially when you look at lumber numbers.

Point is, it is not a conspiracy. More things are occuring right now and even housing looks to be making a turn. (Lumber numbers)

 

[The-Noid]

Don't bet against Buffet. He has enough money to hire enough people to get the unemployment rate to 7.2%. Personnally I think the number is off and perhaps its being artifically lowered to help encumbants in the next election.

Labor force participation rate. Cut 4% off the labor force participation rate and unemployment will go to 0%.

The household survey is a worthless indicator anyway. 3 month lag of payrolls is fairly accurate post final revision. 1 year with birth/death adjustment and raw data is extremely accurate.

These forecasts that come out the first Friday of the month are good for a few S and P handles here and there that is it.

Europe closed == market Green even with the Euro down 60 pips or so. Quite intriguing.

If the economy is getting better as judged by equities, why isn't credit performing well this year? Call me confused. Good economy = good risk credit = good equities market. One is not like the others...

 

[Imp]

Ya, I have the same TGT thesis. Back to $55. Done it with TGT once last year. It's undervalued as is. The dip was just opportunity.

Actually, I'd sell at $52 but only time will tell what I do.

Shit. Reversal from drop already happening. TGT making its move up. I'll probably double my position (not that much) at the end of the day maybe... Or just ride this rally with my small amount up and wait for other things to die...

 

[IHateMyJob2004]

Imp,

Don't cost average on the way up. That's when you sell. I'm thinkingabout just pocketing my gain and moving on.

Not at all shocked at the quick reversal. Then again, I wouldn't have been shocked if it dropped for a few more days.

 

[The-Noid]

Buy high, sell higher!

 

[IHateMyJob2004]

Pocketed my TGT gain. Didn't sell at the days peak but I can't complain.

 

[Imp]

Don't cost average on the way up. That's when you sell. I'm thinkingabout just pocketing my gain and moving on.

Not at all shocked at the quick reversal. Then again, I wouldn't have been shocked if it dropped for a few more days.

True. But I like to add if I expect significantly more upside - only expecting to hold for a few weeks max. I've been burned a lot of times by not adding when it started going up, and it went up non-stop for an additional 5%.

Right now, I don't think I'll be adding. The upside from this point is okay-ish, but with the overall market about to head down (fingers crossed), I think this may be more of a blip up, than a rally for TGT. Oh, and the historic chart shows TGT has a habit of blipping up for a day or two before heading down even more.

Die market die...

 

[JEDI]

last year nasdaq trailed the other 2 indexes. i sold all my QQQ last week of Dec.

this week nasdaq soars past the other 2 indexes.

WTF?!

Mostly because of AAPL?

 

[Arachnotronic]

I don't think you're gonna see the market death you were hoping for. Lots of high profile earnings reports soon -- and I think they'll be good.

It'll be a long, long wait for the crash =/

 

[Arachnotronic]

Nobody's trading stocks today?