Archive for July 2008
eBay Is A Bargain At These Prices
The number that I and everyone else will be focusing on is the GMV number, which was disappointing with only 8% growth.
- John Aiken (subscription required), Analyst, Majestic Research
eBay (EBAY) reported 2nd quarter earnings after the ...
Posted by Greg Feirman · No Comments »
SEC Tries To Intimidate Short Sellers
July 16, 2008 · Category: Business Culture and Current Events
What do I think is really going on here? I think that regulators are very, very concerned about the collapse of the stocks of major US financial institutions and are grasping at straws as to ...
Posted by Greg Feirman · 1 Comment »
Intel 2Q Solid As Usual
July 15, 2008 · Category: Stocks, Market Commentary
Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year. As we enter the second half, demand remains strong for our microprocessor and chipset products ...
Posted by Greg Feirman · No Comments »
Today Is The Bottom In The Financials
One thing that's essential is enormous volume. With gigantic volume you can read the markets true opinion - we will need outsize volumes to be able to say 'Okay, the bottoming or topping has occurred'. ...
Posted by Greg Feirman · 2 Comments »
IndyMac Depositors Line Up To Get Their Money
In a modern financial system, nothing is more frightening than a run on the bank.
- Tom Petruno, "When faith is frayed", July 12, 2008, LA Times
As most of you know by now, the Federal Government ...
Posted by Greg Feirman · No Comments »
Why I Bought Financials Today
If you're going to be a trader, and you don't have to be and trading is not the core of what I do, at some point you have to pull the trigger. We always want ...
Posted by Greg Feirman · 2 Comments »
Too Big To Fail
The access to credit via the Treasury and Fed means the implicit guarantee on the GSEs' debt is now explicit.
- Ian Shepherdson (subscription required), Chief US Economist, High Frequency Economics
Capitalism without failure is like religion without ...
Posted by Greg Feirman · 1 Comment »
The Current Leaders Will Be Taken Out Back And Shot Before It’s Over
July 8, 2008 · Category: Stocks, Market Commentary
Sooner or later in a bear market, even the glory stocks start to come apart.
As a bull market ages and becomes a bear market, stock groups turn down one by one, until even the strongest ...
Posted by Greg Feirman · 1 Comment »
VMware Worn Out
July 8, 2008 · Category: Stocks, Market Commentary
VMware (VMW), last summer's hottest tech IPO, is getting smoked today after announcing a CEO change and a slight downward revision to its 2008 revenue forecast (VMW Press Release).
When they reported 1st quarter earnings on ...
Posted by Greg Feirman · No Comments »
Pawn Shop Business Booming
July 7, 2008 · Category: Macro Economics, Stocks
Cash America (CSH), operator of about 500 pawn shops in the United States, today significantly increased their expectations for 2nd quarter earnings.
Pawn shops make money by lending money that is collateralized by the borrower's personal ...
Posted by Greg Feirman · 1 Comment »
