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Author:

Jam ok

Subject:

Off Topic

Date:

06/27/16 at 1:33 PM CDT

 

 

READ: 3

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

OT - couple of things

<p>Last post - The board is relatively silent - sticker shock? I looked into news on NOK, INFN, CIEN. I see nothing negative about any of them. Nomura started INFN with a 'buy' on June 3rd and a pretty reasonable rationale. Around June 20th there were a number of positive stories for CIEN and INFN. </p> <p>BTW, Jim Rogers, who I know Bullseye (remember him?) thought was a wing-nut, prophesized that what will happen here is 'the biggest bear market you've seen in your lifetime.' He cited debt in the 2008 debacle, and we all know that world-wide debt is much higher now. I kinda like Rogers, as he is sometimes right on the money (1980's - said China was the place to invest, and they would be the dominant economic force in the 21st century). People said, "That's crazy'. His 'timing' is often lousy, but his macro sometimes 'works'. It also kinda makes sense as a possibility to me. I keep wondering - what will be the sign that these crashing prices are too low? The only thing I come up with is that if the next earnings season is pretty good, the market might hang its hat on that as a sign things aren't as bad as the indexes are showing.</p> <p>Also, I see ERTS at $71.50. I wonder whether that's a buy - or a 'drive by'. Yeah, they're in the general market decline. But except for FIFA, I don't see why videogames will necessarily suffer. Except if Europeans can't afford FIFA, or the euro currency exchange is so low that people might as well be paying in bitcoins. There are bargains somewhere in this market, I just can't seem to identify them.</p>

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