Wednesday, June 13, 2007
Position Updates: HANS
Finally, the company (last week) filed their 10-k. Within three weeks, HANS will be reporting numbers-- first time in a long time.
Two things:
1. I expect blowout numbers.
2. Now that the SEC investigation is done (options backdating), expect the company to resume its 75 million dollar share buyback program, which has been delayed since the investigation began.
In short, HANS is trading @ 19x 2008 numbers, which are too low anyway. Should the market give HANS a 35 multiple, the stock will go to $70.
Two things:
1. I expect blowout numbers.
2. Now that the SEC investigation is done (options backdating), expect the company to resume its 75 million dollar share buyback program, which has been delayed since the investigation began.
In short, HANS is trading @ 19x 2008 numbers, which are too low anyway. Should the market give HANS a 35 multiple, the stock will go to $70.
Comments:
<< Home
The AsShorts are gnawing off their greedy little fingers. Check it out:
http://stockheadchronicles.blogspot.com/
http://stockheadchronicles.blogspot.com/
Here's an example of the beige book eating the shorts although I'm starting to feel bad for him. Trader Tim posted his portfolio of loads of shorts and puts plays last night. I entered them in a watchlist. Here's what I have:
- 34 short positions opened
- Only 3 are down (AAPL -3.3%, GOOG -.25% and CAH -.6%)
- 31 are up with most of them strongly up.
- 13 out of the 31 are up more than 2%.
Djeez, this is like being eaten alive. Unbelievable.
I'd rather be a long! Hey, that's what I am! LOL!
- 34 short positions opened
- Only 3 are down (AAPL -3.3%, GOOG -.25% and CAH -.6%)
- 31 are up with most of them strongly up.
- 13 out of the 31 are up more than 2%.
Djeez, this is like being eaten alive. Unbelievable.
I'd rather be a long! Hey, that's what I am! LOL!
I learned a long time ago not to gloat over somebdy elses stock losses because it would always come back and bite me in the ass. Stay humble (except Fly) or else the market will get you eventually. It always does.
Right on, Tradercaddy.
After the last few days of bearishness I'm having a hard time trading on the long side today. Too skittish... This happened to me in March too.
Anyway, CROX finally is starting to show some chinks in it's armor... it's down a whopping .75!
-DT
After the last few days of bearishness I'm having a hard time trading on the long side today. Too skittish... This happened to me in March too.
Anyway, CROX finally is starting to show some chinks in it's armor... it's down a whopping .75!
-DT
A guy like Trader Tim only needs to be correct a few times every year to make money. On his option trades, his average winner is probably 10x the size of his average loser. So he can afford to be wrong 9-10 straight times and still make $$$. Its far easier being a bull but hey, if it works for him .... I would get worried though if I saw Tim buying up a bunch of calls and all of a sudden he was ridiculously bullish on the market. I'd probably short everything in sight.....
"I learned a long time ago not to gloat over somebdy elses stock losses because it would always come back and bite me in the ass."
That's what a good caddy is supposed to do - offer good and timely advice.
Should I chip or putt from here, caddy?
That's what a good caddy is supposed to do - offer good and timely advice.
Should I chip or putt from here, caddy?
Good advice Caddy. I was not gloating if you read it again. Just showed as an example of how shorts are getting squeezed today. Only facts and I do feel for him today. I know the feeling, djeez, I'm long AAPL! Tim knows his stuff and made good money last week. I admit using him as a contra indicator though and that worked again perfectly this week. I hope it's not forbidden. His time will come again and he will make a ton. Can't wait to join the bearish camp too one day. Profits are faster to get on that side.
newequity, yep, CAH down .49% and AAPL down 2.4%. And I'm down too 1.7K on those fuctard AAPL Oct calls!!! But all others plays all strongly up today which is all I care and was hoping to see after yesterday's blood bath.
damarket, Hang with those AAPL calls as the stock will likely turn on a dime and run back to new highs where big money will be made. Oct is a long way off.
neweq, oh, no sweat on AAPL, I'm in it until until I see it trading above 135. No rush. My stop is 109. Shorts are having fun now but it won't last.
Post a Comment
<< Home
