Suspicious Information Issued Tonight $SPX, $DJX

Check for any new press releases today after 16:00 New York time. timed after market close and when most eyes and minds are away from the market a lot of suspicious news will be disseminated by the unethical. It will be legal and investor toxic.

Tonight check the news feeds. Scan in your stock tickers before it runs you over when market opens.

George Gutowski writes from a caveat emptor perspective.

Thanksgiving Day Trading Dangers $SPY, $VIX, $VXX, $DJX

Many investors are travelling and emotional levels are heightened. If you have reached the point of frustration where something needs to be hurt if not killed than short selling is probably not the best investment idea for you. Just go to the bar. Order an expensive cocktail. It will be expensive at the airport. Contemplate the selection of drinks available versus what is being ordered. Backtrack to the bottler, distillery, vintner or purveyor and determine if you are identifying a viable trend. Order a second round to confirm suspicions err analysis.

Then WTF just watch the news crawl and don’t do anything stupid.

George Gutowski writes from a caveat emptor perspective.

Thanksgiving Day Trading Risks $XRT, $DJX, $SPY, $VIX, $VXX

Thanksgiving Day creates its own set of trading risks. Today Wednesday before is one of the biggest travel days. All forms of transportation are stressed and many people away from the desk. If you are at the desk to many people away from the desk to make substantive decisions.

Therefore do you trust the trading volume. Even with the plethora of mobile devices many will not be in a position to trade. The price action and volume you are looking at does not fit the norm of two standard deviations.

This will also be true on Friday with limited market participation.

George Gutowski writes from a caveat emptor perspective.

 

Mortgage Fines Reveal Board Room Stupidity at $BAC and $JPM, $C, $WFC, $XLF

We all knew billion dollar fines were coming. We now know that they are just speeding tickets. Bank of America, Wells Fargo, JPMorgan and others thought they were getting strategic assets at bargain basement levels. Turns out take-overs were not worth it. Big money spent should have been kept inside. Billion dollar fines will always be a bad use of capital.

The banks will survive because they are too large to fail.

However  you have to ask “How smart was that board of directors to buy a pig in a poke” what will they do next time. What grand strategy will they have.

Banks are the most difficult investments to analyze. So you decide to follow good management. Except you cannot find good management. When they had the chance they bought crap.

George Gutowski writes from a caveat emptor perspective.

Google still does not know where the chop sticks are. Is that Bullish or Achilles Heel $GOOG, $FB, TWTR, $BIDU, $YHOO

Google (Nasdaq:GOOG) is surging, charging and bulling; creating a lot of excitement. Longs and Bulls are making money. Today. Just remember while you guzzle victory’s champagne. Google still does not have China figured out. They still have not recovered  from what Beijing views as intransigence.

If they cannot establish a large foot print in China they will be missing a critical piece which others will capture. Global scale means global as in planet earth. Global does not exclude China. If Google can skate that one on side than $2,000 a share will be cheap.

Google does not know where the chop sticks are.

George Gutowski writes from a caveat emptor perspective.

$GM burns US tax payer for Ten Billion. Just what did America get for this?

General Motors (NYSE:GM) will finally shed the US Federal Government as a shareholder. The market expects Uncle Sam will take a haircut of $10 Billion. Roughly the cost of a small cheap aircraft carrier.

Assuming a population of 230 million that’s $43,478 per man women and child within the public debt which needs to be repaid eventually.

God Bless America. But the devil controls the treasury.

George Gutowski writes from a caveat emptor perspective.

JC Penney Dangerous Score with Jewelry and Maybe Gold $JCP $GLD

JC Penney (NYSE:JCP) is showing some encouraging signs of a pulse. While Q3 was expected to look ugly, Oct same store sales were up. JCP hasn’t seen up for a long time. The market is excited.

One of the categories doing well has been jewelry. The price of gold is off and it looks like JC Penney has not been caught with olde over priced stock. The question becomes does the value conscious shopper keep buying jewelry when the price of gold goes up? What will happen to the category? Price elasticity will skewer the shopper. Will this negatively impact same store sales in the future.

JC Penney does not compete with Tiffany’s (NYSE:TIF) or other high-end jewelers. But it will need to engage and retain their fleeting customer base. Disappointments will not work.

George Gutowski writes from a caveat emptor perspective.

$QGen recommendation from Citigroup. Suspicious Set Up.

Qiagen NV (Nasdaq:QGEN) forced Citigroup to drink some Kool-Aide and upgrade their stock recommendation from Sell to Neutral. The olde target price was $18.00 new target $24.00

Current price is round OMG just under $24.00. Lets face it Citigroup does not believe in the story but got run over by the market.

Not that I’m cynical or anything but watch for a big rethink resulting in Citigroup going bullish and then maybe some iBanking fees coming in.

Short Ratio 8.43%  Percentage of float short 2.56%. Citigroup is probably servicing the short side.

George Gutowski writes from “A Caveat Emptor Perspective”

CFO Abandon Ship Selling Their Own Stock $AFSI, $GKSR, $KEX, $MCO, $ODP, $VRTU

Insider trading is always a strong signal. Latest insider trading reports indicate the following Chief Financial Officers have sold significant blocks of their own stock.

Leading the list is

Linda Huber CFO Moody’s Corp who sold very close to $2.5 million. You think she needed the cash?

Significant others include

Ronald E Pipoly Jr CFO Amtrust Financial (Nasdaq:AFSI)

Jeffrey L Wright CFO G&K Services (Nasdaq:GKSR)

David Grzebinski CFO Kirby Corp (NYSE:KEX)

Michael Newman CFO Office Depot (NYSE:ODP)

Ranjan Kalia CFO Virtusa (Nasdaq:VRTU)

George Gutowski writes from A Caveat Emptor Perspective.

Salesforce Volatility Suspect $CRM

Salesforce (Nasdaq:CRM) is hours away from their earnings release and the stock is dropping. Last minute nerves before this closely followed stock opens its kimono and reveals.

Earnings releases after close of trading are difficult. The numbers are hard but still secret. The possibility of a leak or someone getting it wrong is all too real.

Short interest rose ever so slightly on the last report. At this print the stock is off 2.19%. This is not a short squeeze. Negative sentiment rules.

Buckle Up

George Gutowski writes from a Caveat Emptor Perspective.