Zales is just about the very worst company in the world. But they are being bought out today for $21 per share. Do you know where ZLC traded last year? It traded about 4 bucks per share. In other words, the sages from SIG decided it made sense to buy the debt strapped retailer of diamonds for more than 5x what is was trading for last year.
Are people crazy?
Sure they are.
The problem with shorting stocks is the fact that a ZLC can happen at any given moment. Take GMCR as an example. They reported milquetoast numbers and received a token investment from a hasbeen merchant of sugar water and the stock has gone up 50% since then. Is that reasonable?
I’ll tell you what’s reasonable: to squeeze the faces of the people who are short GMCR until their heads explode. Run up the stock to $200, even $300; no one will stop you. By then, all of the shorts will be dead and you can relieve yourselves on their graves.
It’s one thing to get bearish and raise cash. But it’s a whole ‘nother story betting against stocks, praying for their demise. The odds are forever against your favour.
Despite the tepid futures quotes on my masheen, I am optimistic about today’s bounty and look forward to seeing yet another upside reversal.
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I remember seeing that via ON t.v.< first of the coded/pay stations. Hacked of course , why else would anyone watch it?
Cant short this market….
Sure you can, we may have a short term double top on the S&P and are up against massive multi year resistance on the Nasdaq. I’d say it’s easier to go short than long right here.
There used to be a chain of jewelry stores called L. Luria & Son (went Chapter 7).
Zales always kind of reminded me of Luria.
Zales is the Zayres (anybody remember them) of the jewelry biz.
Keep the markets open (or closed, I don’t care which) as I am off on another bike ride- gonna be 83 degrees and sunny today.
I was long ZLC at 6. Godammit.
Hard to hold the breakfast down while listening to some homo whine about fucking warning labels on soda. Do gooder asshat fascist.
Warning: This beverage may cause tooth decay, diabetes, obesity and really nasty stains if spilled on one’s clothing or carpeting. Additionally, the purchase of this product will cause the loss of finances in the exact amount of the purchase price of same including other applicable incidental costs such as gasoline, cab fare, etc. expended in acquiring same, not to mention the deleterious fossil fuel-effects on our delicate ecosystem.
DO NOT BUY THIS PRODUCT!
then i wonder why when you enter by feet into some big city center , on cloudy days they do not float baloons in mid air with the label Warning This Air You Breath May Well Cause You Cancer In The Long Run
How retarded is coffee right now
How retarded is coffee right now
no more then shorts today
I do love a k-cup!
Fly, has your stance on SALE changed?
Ukraine is imploding, the US has lost credibility under Obama and we are in serious trouble:
http://pamelageller.com/2014/02/obama-appoints-hamas-adviser-robert-malley-senior-director-national-security-council.html/?utm_source=twitterfeed&utm_medium=twitter
…but, never mind, let’s just make lots of money and ignore everything!