Twitter Shareholder Chris Sacca Goes After Shorts

Nov 14, 2015
J. Webster
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Venture capitalist and now Shark Tank judge/investor Chris Sacca has been a very vocal Twitter shareholder of late, and not too long ago he went after those who were shorting the stock. So far, those shorting Twitter's stock have been right, and Chris Sacca has been quite wrong. Time will tell, but still looks like Twitter's stock won't be soaring higher anytime soon and putting a short squeeze on the shorts like Sacca hopes. When investing in the stock market, it's usually never good to taunt or ridicule one side of a trade, it always seems to come back and

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Banana Republic Sales Drop Due to “Product Acceptance Challenges”

Nov 13, 2015
J. Webster
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People aren't buying Banana Republic clothes anymore for some reason. So an executive on the quarterly call for Gap Inc, which owns Banana Republic, said it was due to "product acceptance challenges". I'll translate that phrase for you: customers don't like the clothes Banana Republic's making so they aren't buying them. Why not just say that, Gap Inc.? Trying to sort of blame poor sales on the customers with the phrase, "product acceptance challenges" makes it sound like eventually the customer will accept these products at some point.... Perhaps customers are instead buying more sport and leisure wear, whether that's from

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Donald Trump Very Happy to See Macy’s Stock Crash

Nov 13, 2015
J. Webster
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Donald Trump, former host of the reality TV show The Apprentice and Presidential candidate, loves to tweet about the stock market from time to time - usually to scare folks out of stocks, is very pleased that Macy's stock is getting hammered. Actually, Trump is claiming that he's the reason Macy's stock is down so much. Yes, Trump is taking credit for Macy's stock crash. As though he put some kind of curse on them. As though since Macy's stopped selling his Trump line of clothes and ties they've become "losers". And Trump is still urging people to boycott the

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SunEdison Wants to Become Boring

Nov 11, 2015
J. Webster
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I like this quote by SunEdison CEO Ahmad Chatila on wanting to become boring, but is it too late. Shares of SunEdison are getting hammered again today, down over 16%, and under $5 a share. Six months ago it was a $30 stock. SunEdison has a tremendous amount of debt, due to trying to expand too fast, and what with the drop in oil prices, solar in general is taking a hit. It seems like someone is going to have to come in and save this company. Someone with a lot of cash sitting around. So for SunEdison it's going

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Man Who Bought Modigliani Painting Made Fortune Trading Stocks

Nov 10, 2015
J. Webster
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So the Chinese man, Liu Yiqian, who bought the Modigliani painting made his money trading stocks...? Please, can you tell me how he did this exactly....? Yiqian was a taxi driver then a stock trader who made billions and started buying art for crazy prices. The New Times piece about Yiquian mentions his "stock trading" but doesn't give any more details about just how he made his money trading stocks. I mean, to buy a painting for $170 million, he had to have done some ingenious stock trading, right?
Mr. Liu, who made his fortune through stock trading in the 1980s

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FireEye CEO: Need More Chinese Hackers…

Nov 5, 2015
J. Webster
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Why did FireEye shares get crushed? Not as many Chinese hackers hacking companies or governments....not enough to the FireEye CEO's liking. It's almost like the dentist saying you kids need to eat more candy so I can make some money filling in your teeth. Well, not exactly, but you know, it's kind of silly to blame a bad quarter on a lack of Chinese hacking when there seems to be more hacking attempts from all kinds of different groups all over the world these days. And you'd think companies or governments still want to have protection from hacking attacks if

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Remember When Google Tried to Buy Groupon

Nov 4, 2015
J. Webster
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Right now, Groupon is surely wishing they'd taken that offer from Google to get bought out for $6 billion. Instead, Groupon thought they were worth much, much more and went public. And for Google they're surely glad they didn't buy Groupon for $6 billion, as these types of coupon deals just don't seem to be working anymore. Three years ago this was a $20 stock, now it trades for about $3 per share, with a market cap of less then $2 billion. Full story on why Groupon didn't take the offer from Google is here at the WSJ

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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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