Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 Galyan's is gapping up AH so high above the chart, you can't even see it. Up $5.60 AH The employee's out by the mall I'm at are probably across the street at Magiano's drunk as a skunk, in the virtual realty machine at Games Works or at Lord and Taylors buying anything in site that has leather on it..... My wife an I had been in there a couple of times and it was so friggin huge we both said how in the heck can they handle the overhead....they did have a 0 foot rock climbing wall in there and we watched kids flail on the thing in harnesses for a while then left.... I know the short interest in this one is massive... Ag Link to comment Share on other sites More sharing options...
Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 (REUTERS) WAL-MART <WMT.N> SEES JUNE SAME-STORE SALES "AROUND" LOW END OF 4-6 PCT RANGE REUTERS *** end of story *** But wait.... (COMTEX) A: Wal-Mart shoppers can use MasterCards again ( AFX-UK ) Jun 21, 2004 (AFX-UK via COMTEX) -- CHICAGO (CSB.MW) -- Wal-Mart shoppers can use their MasterCard signature debit cards once again after the two companies ended a nearly five-month stalemate. On Monday, Wal-Mart and MasterCard said they had reached an agreement that will go into effect immediately at all Wal-Mart stores. Ag Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 "large mouth bugg eyed wall street shills " "fistfull of buy tickets " "at Lord and Taylors buying anything in site that has leather on it..... " you guys are killin' me, laughin' so hard it hurts Link to comment Share on other sites More sharing options...
Sudaca Posted June 21, 2004 Report Share Posted June 21, 2004 35% of the NDX's market cap is weighted in the top 10 stocks. The only two holding up the NDX the last 3 trading days is MSFT and NXTL. If the other 8 stocks break out of their downtrend lines, then the NDX is going up another 1000 points. If MSFT and NXTL break off to the downside to follow the others, then Look Out Below...... Top Nasdaq Hookers AMZN, TYC & NXTL alone make up over 20% of Bill Miller's Legg Mason Value Fund. The recent runups have helped him eke out a gain for the year. These puppies should see a decent bid until end of month. Link to comment Share on other sites More sharing options...
An Ant Posted June 21, 2004 Report Share Posted June 21, 2004 I wonder why KWR didn't show up on breakdown. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted June 21, 2004 Report Share Posted June 21, 2004 Galyan's is gapping up AH so high above the chart, you can't even see it. Up $5.60 AH The employee's out by the mall I'm at are probably across the street at Magiano's drunk as a skunk, in the virtual realty machine at Games Works or at Lord and Taylors buying anything in site that has leather on it..... My wife an I had been in there a couple of times and it was so friggin huge we both said how in the heck can they handle the overhead....they did have a 0 foot rock climbing wall in there and we watched kids flail on the thing in harnesses for a while then left.... I know the short interest in this one is massive... Ag Out at Woodfield 'ere ya? Link to comment Share on other sites More sharing options...
Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 AMZN, TYC & NXTL alone make up over 20% Sudaca, Value Fund ? Probably right though...all it takes is "control" of the stock and some buttons... Calling it 'value" though is like Jamdis's First One Out Value Fund.... New name : Foghorn LegHorn Mason "It's Not My Money" Fund Ag Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2004 Report Share Posted June 21, 2004 Damon Vickers going long on homebuilders here...... "Trading Buy on Builders" Link to comment Share on other sites More sharing options...
Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 Out at Woodfield 'ere ya? Yep if you are from the hood you know it well,,,shop till you drop city...you need body armour and a stun gun when you go to Akai on the weekend... Galyans sits on the site of the Bk'd Montgomery Wards store...the strip mall they were in failed once already but is flourishing....for now..... Ag Link to comment Share on other sites More sharing options...
RockLedge Posted June 21, 2004 Report Share Posted June 21, 2004 Galyan's is gapping up AH so high above the chart, you can't even see it. Up $5.60 AH The employee's out by the mall I'm at are probably across the street at Magiano's drunk as a skunk, in the virtual realty machine at Games Works or at Lord and Taylors buying anything in site that has leather on it..... My wife an I had been in there a couple of times and it was so friggin huge we both said how in the heck can they handle the overhead....they did have a 0 foot rock climbing wall in there and we watched kids flail on the thing in harnesses for a while then left.... I know the short interest in this one is massive... Ag Yeah, there's one in my hood. I had the exact same thoughts you did. I was there pricing a high end paintball gun for my son. Whatta racket.. EBAY will galdly sell you one for at least 60% off their prices. A huge, multi million dolllar building, with mutli million dollar inventory, being ran by teenagers. " Yeah, ... why not, give me one those 100.00 book bags & throw in 2 pair of those 300.00 dollar sunglasses too. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 Yeah, ... why not, give me one those 100.00 book bags & throw in 2 pair of those 300.00 dollar sunglasses too. Rock, unreal ain't it....how about a box of those Pinnacle X-Outs and a gold plated Fibreglass Canoe.... You'd have to see the thing in person to know what we are talking about....my guess is they want the building and land.... I'm gonna do some digging out of curiosity on this one....there has to big some big money behind this for a particular reason and I don't think it' to sell 200 dollar high tops.... Ag Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2004 Report Share Posted June 21, 2004 FNM trading at $71 AH, up .52 Today's selloff was probably another one of those bear traps, so 990N can buy at cheaper prices. The time to short will be after 5 days of wire to wire meltups, when the QQQ has 5 white hot candles in a row, and all the Mo-Mo Junkies are dryhumping the IBD Breakout list...... Link to comment Share on other sites More sharing options...
Ags Nightmare Posted June 21, 2004 Author Report Share Posted June 21, 2004 (REUTERS) UPDATE 1-Dick's to pay about $305 mln in cash for Galyans (Recasts, adds details, share activity, Limited Brands statement, changes dateline previously LOS ANGELES) NEW YORK, June 21 (Reuters) - Dick's Sporting Goods Inc. <DKS.N> will buy outdoor equipment and clothing retailer Galyans Trading Co. <GLYN.O> for about $305 million in cash, the companies said on Monday. Dick's shares rose in after-hours trading following the announcement that the company, a chain of sporting goods stores, agreed to pay $16.75 per share for all 18.2 million outstanding Galyans shares. That price represents a 51 percent premium to the stock's Monday closing price of $11.10. Dick's will also assume about $57 million of the Plainfield, Indiana retailer's debt. With the addition of Galyans, Dick's said it will operate 216 stores in 32 states. But Dick's Chairman and Chief Executive Edward Stack said in a statement the company would close some stores from each chain "due to overlap or financial performance." Holders of about 55 percent of Galyans outstanding shares have entered into agreements in favor of the deal, Gaylans said in a statement, adding that its board has also approved the transaction. Dick's, based in Pittsburgh, said the acquisition will help it earn between $1.28 per share and $1.30 per share for its fiscal year 2004, up from the company's previous forecast for earnings between $1.27 per share and $1.28 per share. For fiscal 2005, Dick's expects to earn between $1.70 and $1.75 per share, excluding merger integration costs. The company also expects the deal to result in cost savings of about $20 million a year beginning that year. Wall Street anal cysts, on average, had expected the company to report earnings of $1.51 per share, according to Reuters Research, a unit of Reuters Plc. Limited Brands Inc. <LTD.N>, which holds a 22 percent stake in Galyans, said it will sell its 3.9 million shares as part of the deal. Columbus, Ohio-based Limited said it expects to record a one-time gain of $18 million before tax for the sale. It expects the transaction to be completed by October. Dick's shares rose to $30.27 on the INET electronic brokerage, up from its $28.60 close on the New York Stock Exchange. (Additional reporting by Ben Berkowitz in Los Angeles and Anupama Chandrasekaran in New York) ((Reporting by Nichola Groom; Editing by David Gregorio; Reuters Messaging: [email protected]; Tel: 646-223-6016)) REUTERS *** end of story *** Ag Link to comment Share on other sites More sharing options...
Sudaca Posted June 21, 2004 Report Share Posted June 21, 2004 AMZN, TYC & NXTL alone make up over 20% Sudaca, Value Fund ? Probably right though...all it takes is "control" of the stock and some buttons... Calling it 'value" though is like Jamdis's First One Out Value Fund.... New name : Foghorn LegHorn Mason "It's Not My Money" Fund Ag I listened to the guy once at a presentation in which he described his "value" approach. Basically, "value" was anything he wanted it to be. The rest of the world just doesn't get it. At the same presentation, one of the guys at the panel was pulling his leg for having argued that Microsoft would never belong in his portfolio because it was way overvalued... back in the early 90s... Link to comment Share on other sites More sharing options...
Brisbane Bear Posted June 21, 2004 Report Share Posted June 21, 2004 I am sticking to my guns...Its over,real estate IS going to bring down the whole HOUSE of cards,IF Greenie raises interest rates next week,its over there as well,consumer spending will collapse and all those giant super stores and little stores for that matter wont be able to pay their wildly inflated rents,let alone anything else... I think the Daily Reckoning crew must be readers of M2M,check out todays rant about real estate...even using the same example we used last week.... As I keep saying...the numbers are way too big....the people at the bottom of the ladder in society have to be able to get a foot on the bottom rung of the ladder to keep the pyramid scheme going,they cant at these prices... anyway heres a couple of snippets from todays DR... House prices rose nearly 40% in San Diego County last year. Rentals, by comparison, are cheap. The Greenspan Fed continues to encourage the fantasy that high consumer debt levels don't matter; houses are going up in price, they say, so the debt declines as a percentage of assets. But just imagine what would happen if all houses suddenly rose over $1 million, more than 4 times today's average price. Householders could double - or even triple - their debt and still be okay, right? Just one problem. How would they pay it? An average man with a house could only realize his 'wealth' by selling his house. But then... where would he live? And whom would he sell to? At 6%, the interest alone on a $1 million house would be greater than the entire man's salary. Already, houses are becoming a burden. The median house in California has risen to $453,000. You need a minimum income over $100,000 to afford it. But only 20% of Californians have household incomes greater than $100,000. The safest bet is probably to sell the $453,000 house... and rent one just like it for $2,500 per month, or less. The problem, generally, is that capital assets - including stocks and houses - are expensive. The risk of owning them outweighs the potential upside reward. Something will happen and they will fall in value. And because so few people expect something to happen, the cost of insuring against something is low. Stocks went nowhere last week. They went nowhere this year. They've gone nowhere in the last 6 years. You give up no capital gains by not owning them. Nor do you forgo much in the way of dividends. At less than 2% - let someone else take the risk. Houses, on the other hand, are going up. But unlike stocks, they can't go up much more - people of limited means have to be able to afford them. And, like stocks, either inflation or deflation, will knock them down. Inflation leads to higher interest rates, which brings housing to its knees immediately. Deflation puts people out of work - so they can no longer afford to buy houses. As in Japan, houses have risen for 4 years following the break in stock prices. As in Japan, it is now time for houses to give way too. Why take the chance? Rent; let someone else take the capital risk. and this.......... - Despite the sharp rise in rates, however, buying real estate with barrels full of borrowed money, especially money that's borrowed at "low-cost" adjustable-rate mortgages (ARMs), remains a winning strategy. But we suspect that the armies of ARM-toting consumers are marching toward their Waterloo. Rising rates will break their ranks like the Charge of the Scots Greys. In a desperate attempt to buy homes they can ill afford or to maintain spending habits their incomes alone cannot sustain, millions of Americans have assumed the risk of floating-rate loans, also known as adjustable-rate mortgages (ARMs). As long as these loans adjust lower, all will be well. But if they begin to adjust higher, trouble will ensue. - Consider young Robert Cromer, a "Tycoon in the Making," according to CNN/Money. The prospective land baron intends to amass his fortune by borrowing at low short-term rates and investing in long-term assets, specifically, houses. Many have attempted this daring financial feat, but few have succeeded. - Cromer's family, which earns about $175,000 in a good year, has deftly accumulated $3.2 million worth of housing assets over the last six years by also accumulating $2 million worth of mortgage debt. What's the man's secret, you ask? Simple daring-do, or what we here in New York call chutzpah. To buy their various properties the Cromer's have accumulated mortgage debt totaling $2 million, "predominantly in the form of 5-year interest-only adjustable-rate mortgages," explains Martin Hutchinson in a column carried by UPI. - "The rents receivable after expenses on the family's properties are $3,100 per month less than the interest payments," Hutchinson continues, "and their payment outflows will increase by $20,000 per annum for each percentage point rise in interest rates. - "The Cromers have alleviated their cash flow problems so far by going into the residential real estate sales business, thus increasing their earnings to $175,000 per annum in this buoyant market. Of course, that doesn't actually reduce their exposure to a real estate downturn!" - What becomes of our tycoon-in-the-making if interest rates should fail to cooperate with his plans by going up, for example, instead of down? Or what becomes of his dreams if property values should fall instead of rise? Or, to imagine the unimaginable, what happens to the Cromer Party if interest rates rise while property values fall? The buoy to which Mr. Cromer has moored his family's financial future might then metamorphose into an anchor. --------------------- Link to comment Share on other sites More sharing options...
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