Finisar Tanks

Mar 9, 2011
J. Webster
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I think the message here is tread carefully into earnings. If a stock has made a nice, slow and steady climb upwards, it's a good idea to take some off or all off ahead of earnings. And especially when the market is at fragile place, what with oil prices causes gas prices to soar and the worry about the Middle East in general. Good to take the whole overall market situation into account. "Finisar plunged nearly 40 percent in pre-market trading Wednesday after the fiber optics company issued disappointing fourth-quarter guidance, pointing to slowing business in China. The company said

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Yahoo Finance Message Board: Urban Outfitters (URBN)

Mar 8, 2011
J. Webster
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Update: As I write this URBN is down 16.29%. There's always some interesting posts in the Yahoo Finance message board, especially when a stock is getting hit after hours on an earnings miss. Such is the case for URBN, Urban Outfitters, the retail stock, most known "funky" fashion and almost kitchy type of products, is down over 10% right now. Urban Outfitters (URBN 33.33, -4.66, -12.27%) shares slumped 9.6% to $34.33 following the Philadelphia-based company’s report that fourth-quarter net earnings were $75.2 million, or 45 cents a share, down slightly from $77.7 million, or 45 cents, in the

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Some Wisdom: Great Stock Market Quotes

Mar 7, 2011
J. Webster
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If you're having a tough trading or investing week, say you've made some bad decisions, it's always good to take a look at some quotes from some investing legends. Here's a few quotes that you use to guide you when you're making big decisions: Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. – Warren Buffet "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren

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Lloyd C. Blankfein Will Speak

Mar 4, 2011
J. Webster
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Lloyd C. Blankfein could be a possible witness in the insider trading trial of Mr. Raj Rajaratnam. The Goldman Sachs CEO could be called to discuss Rajat K. Gupta, who was on the board of directors at Goldman Sachs and allegedly fed insider information to Raj Rajaratnam. Gupta fed info like how Goldman Sachs was going to lose money one quarter or how Warren Buffet was going to invest in Goldman and Rajaratnam then went and traded on that

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Oliva Munn Rings Closing Bell at NYSE

Mar 3, 2011
J. Webster
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Posting this just because.

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LECG Gets Crushed, Stock Down 80%

Feb 28, 2011
J. Webster
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Update: Here's Whitney Tilson's response to why he bought LECG and how they were more or less just unlucky. If you’re feeling bad about something, say a bad stock trade you made, where you lost a few thousand dollars, there’s usually someone out there feeling much worse. For example, take a look at Yahoo’s message board for the stock LECG Corporation (XPRT), where one user had this to say after XPRT dropped nearly 80%: The title of the message board: I just lost $50k in this TODAY
I am so depressed right now Bought at .30c, sold at

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“Inside Job” Wins Oscar for Best Documentary Film

Feb 27, 2011
J. Webster
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The documentary about the financial melt down, directed by Charles Ferguson, won an Oscar tonight for best documentary film. Andrew Sorkin, over at DealBook also has a good Q&A with the

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Is Netflix a Short?

Feb 27, 2011
J. Webster
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Only time will tell, but who's going to be right about Netflix, the short sellers or the longs. One major short seller, Whitney Tilson, has already bailed out, conceded that he just can no longer fight the tape as a short seller of the stock even if he thinks it's over priced. Here's Tilson's conclusive reason why he covered his Netflix short
At today’s closing price of $222.29, Netflix is trading at 75.0x trailing EPS of $2.96. In more than 12 years of managing money professionally, we can’t recall an instance in which we paid more than 20x

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Warren Buffett’s Annual Letter Enthusiastic

Feb 27, 2011
J. Webster
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Buffet's positive view on the American economy could boost market:
"Money will always flow toward opportunity, and there is an abundance of that in America," said Buffett, who has run Omaha, Nebraska-based Berkshire Hathaway since 1965 and is now one of the world's richest men. "The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential ... remains alive and effective." He also forecast a recovery in the housing market "within a year or so" and that "America's best days lie ahead." Given that Buffett owns the entirety

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50 Cent Pimping H&H Imports

Feb 27, 2011
J. Webster
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I'm sure everyone has heard by now about rapper 50 cent and his Tweeting about a stock he owns. The company is H&H Imports and sells 50 Cents' Sleek By 50 headphones. The stock symbol is TVG, 50 cent owns 30 million shares of the penny stock. This is what he tweeted:
TVG's stock went from 5 cents to 10 in one day. You can double your money right now. Just get what you can afford.
The trouble is, that the company is in debt and could go under: The company lost $1.3 million last quarter and

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