The Vix Had Quite the Interesting Day

Oct 28, 2015
J. Webster
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So the Vix dropped and then popped today after the Fed announcement that they're learning towards a rate hike in December, most likely. Would you bet on the Vix maintaining a calm and cool pace in the next few months or would you bet on some volatility? While we most likely won't see anything like the Great Recession again for some time, do you buy the Vix now when things are seemingly good...? Yes. However, who really knows what lies ahead for the stock market. Yet, there will be ups and downs and, if you consider where we've come from

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Understatement: Apple Has a Lot of Cash

Oct 28, 2015
J. Webster
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This is how much cash Apple has. Yes, Apple has so much cash that everyone calls it a cash hoard. When interest rates go up, eventually they will, Apple will make more money just from interest than a lot of companies make selling products.

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All Skechers CEO Robert Greenberg Has Been Doing Is Selling Shares

Oct 26, 2015
J. Webster
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All Skechers CEO Robert Greenberg has been doing is selling shares. Well, that's what it seems like anyway. As GuruFocus points out, Skechers CEO Robert Greenberg has been doing a lot of selling the past few months. And with a few particularly well timed sales near what looks like the recent top for the stock - he's done quite well. Greenberg sold a lot of shares before Skechers poor quarter, when the stock dropped 20 points. Greenberg sold 300,000 shares at right around $153 a share. Now, with Skechers' stock trading for around $90 a share, if you

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Doug Kass Is Short Apple’s Stock Into Earnings

Oct 26, 2015
J. Webster
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Who is short Apple's stock? For that matter, is anyone brave enough to short Apple into their earnings report? Well, Doug Kass is short Apple's stock going into earnings. This takes some guts. Apple reports tomorrow after the closing bell. Who among us is willing to short Apple, with their $200 billion of pure cash. And into earnings, when all it takes is the announcement of a larger share buy back plan to send Apple's stock higher....Doug Kass, you have some guts, sir.

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Ringo Starr Can’t Save Skechers’ Stock

Oct 24, 2015
J. Webster
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Skechers' stock got slammed on Friday, down 31%, as it missed "Wall Street's consensus revenue estimate". It looks like Ringo Starr isn't the savior for Skechers shoes after all. Maybe Ringo Starr or another one of their brand ambassadors can step in like Oprah did with Weight Watchers and actually buy a stake in Skechers. That might boost the stock. But Ringo doesn't have Oprah like money, nor do any of the other Skechers celebrity brand ambassadors. Oprah, do you happen to like or wear Skechers shoes...? Skechers has a long list of stars who've been spokesman for the shoe company

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Andrew Left of Citron Research Has Some Interesting Memorbilia

Oct 23, 2015
J. Webster
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Great background story on the short seller Andrew Left who's taking down Valeant's stock right now. Mr. Left compared Valeant to Enron, which is never, ever a good thing. In some ways, the WSJ story makes you think of Andrew Left of Citron Research as a Wolf of Wall Street like character...but his short selling firm has had some great and legal success over the years. One thing's for sure though, he's got an interesting collection of memorabilia, including some Enron chairs and a famous rapper's lyric print:
Mr. Left runs Citron out of a plush home office full of memorabilia

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The Stock Market’s Short Term View: See Netflix & Amazon

Oct 23, 2015
J. Webster
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I still say if you really want to make a lot of money in the stock market then you have to hold on to your stocks longer then a day or two or even a few months. Sure, you can hit some homers now and again on the short term side, but really, when you add in capital gains costs, long term holdings of stocks must win out. As Henry Blodget points out, the stock market focuses on the short term, one might say the day to day noise, and doesn't look out to the future. So who held Netflix

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Bill Gates Certainly Didn’t Tell Warren Buffett to Buy Shares of IBM

Oct 19, 2015
J. Webster
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Why is Warren Buffett buying so many shares of IBM? Did Bill Gates tell Buffett to buy shares of IBM? No, I'm sure if Bill Gates told Buffett to buy any tech stock he'd tell him to buy shares of Microsoft. But it looks like Warren Buffett should have stayed away from tech stocks, even IBM. So far his investment in IBM is a poor one. And Bill Gates certainly wasn't the one telling Buffett to load up on shares of IBM. In fact, Gates doesn't like IBM as a company - he said it wasn't even a tech company anymore.

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Oprah Is $80 Million Dollars Richer Today Thanks to Weight Watchers

Oct 19, 2015
J. Webster
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Oprah Winfrey bought a 10% stake in Weight Watchers today which caused the stock to go up over 114% and making her a cool $80 million dollars richer. I'm sure there a lot of other companies who'd like Oprah to buy a stake in their company.... And I thought the Oprah effect was all about books she suggested and her book club. For Oprah though, Weight Watchers isn't about losing weight it's about fatten her wallet....but I'm guessing her buying that 10% stake has some caveats to it, as in she can't flip her shares like a day trader. Who knew

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GoPro CEO Nick Woodman on Stephen Colbert

Oct 16, 2015
J. Webster
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Has GoPro's stock bottomed...? A year ago the stock traded at about $86 a share, now it's near $28. I have no idea if the stock has bottomed, but it might be close. What with Christmas around the corner are kids stockings going to be stuffed with FitBits, Apple Watches or GoPro cameras...? Is there another company that makes active wear type sports cameras....? This was quite the free advertising opportunity for GoPro, as founder and CEO Nick Woodman busted out all the GoPro cameras (including a waterproof camera one) for his interview with Stephen Colbert. Update:

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