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I also bet that neither of you listened to the conference call and have any idea what revenues, GPM and EPS are going to be. Or any idea about supply/demand.
All of tech is down today on a Barclay’s downgrade.
(Now the serious conservatives are set to take power…)
Buying more RBCN today, denton. it’s based on fundamentals, not some 3 day move up or down. You gotta have a set of balls and conviction when you actually know the fundamentals and the stock’s trading in the opposite direction. We’re not daytraders here despite What’s vast knowledge of the business. remember when he couldn’t understand how only a few guys could manage a billion dollars? Many managers manage well over a billion with just one guy.
We know what this company is going to earn and the stock is very cheap.
Since revenues nearly doubled during the Reagan administration, how can anyone doubt the wisdom of his tax cuts. Yes, Congress spent too much, but that’s something else.
Only morons raise taxes during recesions. Ergo, The Democrats are morons.
Denton, I am betting that RBCN doesnt go below 25 by 3rd Fri in August. In reality, I will cover much sooner. There are a lot of people betting that RBCN will go down, therefore the puts are expensive and attractive to write. (Sell).Which is what I did.
A wise trader once told me, “it’s all dung and I am a dung salesman. When people think dung is gold, I gladly sell them dung”.
That was a wise man.
The Republicans of the 2000’s were frauds. No the serious conservatives are set to take power: the House is going to go GOP. The Senate? We can pray it does. But Obamao will still be there to veto. But at least the damage can be stopped.
I hope your puts on RBCN work out, cuz the call sure didn’t. I think it’s down about 15% since initial rec. Hey the what alsway said it was an asshat hedge fund 🙂
dibs, here’s an opposite analysis, actually a article about the stockman editorial the other day…
http://tinyurl.com/337sh3t
Reagan Republican: the GOP should file for bankruptcy
“Stockman rushes into the ring swinging like a boxer: “If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt … will soon reach $18 trillion.” It screams “out for austerity and sacrifice.” But instead, the GOP insists “that the nation’s wealthiest taxpayers be spared even a three-percentage-point rate increase.”
In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: “Republicans used to believe that prosperity depended upon the regular balancing of accounts — in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too.”