If you believe this wait until earnings season gets closer to over. it is very clear right now the estimates are way to low. and we are geting a bear market / over sold rally in these.

Also sold some of my POT MOS and APA today.

shoulda prolly unloaded some of my apa calls

I bought them last friday @ 5.32 and they were going for ~7.30 at one point today. Still around 7.10. I think the stock still has room to run leading up to earnings.

Reality Check with AXP after hours, bad news for credit card companies. Here comes more pain for the banks, as last week was just a bounce.

OUCH...........AXP missed by a mile,and stock getting punished AH'ers down almost $5

SKF trading at $141

GL,
Stephen

SKF up $5 after hours. I'm also long some AAPL into the number.

anyone think AXP might have lost market share to V and MA? just a thought...maybe that caused the huge earnings miss just as much as the domestic economy did?

I agree just wanted to lock in some gains and free up some cash i had put a lot to work in those names last week.

I am looking into a WGO(winnebago) short position. It had a down day today, and is near its low but I think this stock will be among the last to recover from the housing / credit crunch. I think Aging america is a reason to be long this stock but most of those people are so scared right now and have lost money in the market that the last thing they are going out to buy is a mobil home. I think there are major headwinds for this stock

1. Price of Oil and Gas, makes this a very expense way to travel.

2. The credit crunch, buyers of these are going to have to be of the highest credit quailty out there. These are expensive assets that depreciate fairly quickly.

3. Distressed US consumer wanting to go into there bomb shelter and come out when its over and spend.

4. Increased raw matierials cost, Steel is very expensive with world wide demand making margins shirk or prices go up that will slow demand.

also you could see a flooding somewhat of the market of used winnebago's as consumers don't think they will ever use it at 3.00+ gas, which will further slow the demand for them.

My only concern is that I might be a little late to the party hear but I think there is still room to fall. with very little upside risk short term.

haha, V MA COF all the CC companies getting hammered


oh wait no "haha" im long on V and earnings are next week

Nope, just people not paying their bills. Poor forward guidance and I just saw an AmEx commercial on CNBC, more proof they are deep in trouble.

Jimbo

AAPL...................lol

Dont hold/buy stocks into EPS that arent beaten to a pulp and are expected to do well

AAPL's guidance is getting a bit ridiculous. $1?! come on.

aapl down to right around 160

rimm holding in

lol jim goldman sounds like a broken record, every aapl Q they lowball the guidance and beat the current Q and the stock sells off initially...

IIRC, V generates revenue on transaction charges and doesn't actually provide credit to customers as individual banks do that, so they likely don't have as much exposure to customers defaulting on their cards as MA & AMEX. That being said, they disappointed somewhat last quarter, so who knows.

AAPL trading at 159 in after hours...........that short at 164 is looking solid.

If it will drop to 153 or lower I'll buy some there.

Jimbo

Maybe but my bigger concern is they actually have credit risk where V and MA are just collecting the fee.

If it were me i would pick MA and if i wanted the credit risk I would wait for a pull back in WFC, or if Think retail could run and thought the losses on CC weren't going to be as bad as thought TGT might have strong upside.

and use Pair of good names instead.

yeah, just got back from NYC an hour ago. We went to per se saturday night and it was insane. Never new spending 400/person on dinner could actually be worth it but it was. That dinner ended at 1:30 am so I really wasnt in the mood for anything fancy or heavy the next day. Just met up with some ib freinds and went to a place in soho sunday night. We were going to go to A voce then just got too lazy and since we were in the area shopping anyways just stuck around there and then tribeca for drinks.

what happens to AAPL if they ever miss earnings?

I went long some COF in afterhours at 39.50, I covered my shorts here before they reported a decent Q last week and the stock stabilized and I think the AXP related sell off on COF is too much. COF with its own deposit base makes it more competitive here as well.

Steve

Will the DOW fininsh up or down tommorow????

Thoughts

You got in abit early but nice trade.I usually short right before the close(esp after that late day rally)when making an earnings play

However I didnt capitalize on it myself.....but GG

GL,
Stephen

AT & T and WALMART are both up in after hours.......although i believe this means virtually nothing, right?

It ALWAYS depends on where its trading and what is factored in prior to release.If AAPL was at 52 week low and they expected a 'bad" Q........the stock would be up $15 with this news.

DUCY?

GL,
Stephen

Correct!