Browsing articles tagged with " doug kass"
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Doug Kass is staying long the stock market and buying any dips.
Twitter feed Doug Kass announced he was shorting Groupon: "I am short Groupon today" he said in a Tweet below. And it looks like it was a wise move, as the stock was hanging around $30 a share only to drop down to $26 at the close. The knock of course against the Groupon IPO is how they released a small number of shares, and that's why the stock shot up, jumping 50% at the open. However, the big issue with Groupon is will they be able to stay in business when big players like Google
Kass's gnome is always hearing takeover rumors and the like. The latest rumor is the ever talked about take over of Yahoo. And again, not surprisingly, Microsoft's name was floated around. Yahoo turned down Microsoft over three years ago, when their stock was trading at around $33 a share. However, Kass's gnome dismissed that rumor - saying that Microsoft would be interested in only parts of Yahoo. Earlier in the week the gnome said a more likely takeover scenario of Yahoo would
gun to his head and listens to a gnome from time to time, is saying his biggest long position in the stock market is ETrade. The stock ticker is ETFC. Why is he long the stock? Well, he believes ETrade will be bought by TD Ameritrade or Charles Schwab by the end of the year. Here's his tweet saying just this: If ETrade is bought out at $15-$16 per share, that's nearly a double, as it's trading at close to $9 a share today. What do you think? Are
wise little gnome, Doug Kass also has a gun to his head from time to time. Yes, Kass, is in the stock trading business and not a cop or fighting some war or a drug dealer. The gun to his head metaphor is his way of saying, 'If I had to say something about something right now, if I was forced to make a choice since there was a gun to my head, I'd say this.' And usually he's right, about the highs and lows of the day in a certain sector or
who exactly is Doug Kass's gnome, but if you're worried about him during hurricane Irene, don't be. Kass says his gnome is far away from the East Coast and in the Alps somewhere. So, sleep soundly now and know we will hear again from his famous gnome when the stock market is back in full swing.
Every now and then Doug Kass, of Seabreeze Partners and The Street.com, and more famously known through his frequent appearances on CNBC's Fast Money, will refer to his legendary 'gnome' sending him some kind of message. He'll tweet something like, "My gnome is hearing now..." or "My gnome is telling me...". So, who exactly is this gnome. Is it just Doug Kass's gut feeling and the gnome is nothing more than a representation of that? Or is it a real Smurf like gnome, perhaps more greenish than blue, though, and maybe a bit taller? Or, is his
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