Which broker do you guys use? I have accounts with Sharebuilder and Zecco. I am a light trader and most of my holdings are with Zecco but now they seem to be scamming their users. I'd like to bail. Preferably no monthly dues and minimum.
They have their referral service which awards you $75 if you sign someone and that person must transfer $500 into the account. Most people who met the requirements don't even get a penny. Zecco changes their pricing policies w/out notifying users. For example, they recently made the change to charge $700+ for you to sell OTC stocks. And there are countless activities that I question if they are even legal. A lot of bait and switch tactics.how is zecco scamming users?
i have some holdings at zecco but haven't traded with them in ages. i primarily use sogotrade.
I can answer this. Lots of speculation and many things.
This merger will only save about $1 billion in efficiencies/synergies according to management. Is it really worth it? Not sure if it is or not, but saving $1 billion on $110+ billion worth of revenue (0.9%) doesn't really mean much. These contracts are negotiated on a multi-year basis. I don't expect to see the $1 billion worth of savings anytime less than within the next 3-5 years. Investors of CVS/Caremark have gained NOTHING since their own merger, but that's a long story that should be discussed another time.
Will the regulators allow this to go through? If I remember correctly, the FTC prevented ESRX from buying Caremark in 2007 due to monopolistic concerns, which lead to CVS automatically winning Caremark. After the merger is completed, they would be #1 and have a 31% market share.
This business will now be about a 31% dominant player, a semi-dominant 15% player, another player around the 8-10% range or so, with dozens of local/regional players in the 4% range or less that amount to essentially nothing.
Full Disclosure: I own stock in ESRX and have for many years. It's one of my top 10 positions. Do a search of "ESRX" here on the forums and you will see all my posts associated with it dating back to 2007-2008. ^_^
I doubt employers, patients, and healthcare plans will see any realized "savings" from this merger.
I am "neutral" on this deal and will keep my stock in ESRX. I wouldn't go rushing to buy MHS despite the fact that it's trading at a steep discount from the merger price due to regulatory risk since I already own ESRX and can use that as leverage, but that strategy won't work for you since you don't own it?
No, I don't own ESRX. I see the name mentioned as both a long and short holding so I could never really justify owning it long (shorting things just makes me nervous!)
I read about some of the merger risk, but the articles I read said people still expect that the deal will go through. The only thing that made me nervous was the mention of no breakup fees being attached to the deal which means both sides are somewhat concerned about the deal going through. Maybe I jumped the gun a little, but I did grab myself a tiny position of MHS at $62. If the deal does go through, I'll make some good money and if it doesn't, maybe somebody else steps in and makes another offer...
Classic. MSFT reports rising profits, but stock goes down post earnings (pre-market so far at least). No one likes the 2% drop in Windows sales...
Same thing happened to Intel yesterday. They beat the analysts on double-digit PC demand growth and by 8 cents on earnings per share but the stock still fell because their revenue, which beat analysts expectations, didn't beat it by enough. Sometimes I wonder why I keep a stock until its earnings days. Sell the day before seems like a safer bet.
Who else is jumping on the Rambus bandwagon? Some articles have said they could reach $45 - $105 share. Hard to deny that gamble.
Who else is jumping on the Rambus bandwagon? Some articles have said they could reach $45 - $105 share. Hard to deny that gamble.
I mentioned SD a while back. Just informing people that Prem Watsa is selling it now. He made a nice chunk of change on it. SD is in the mid-low $11s right now.
Same thing happened to Intel yesterday. They beat the analysts on double-digit PC demand growth and by 8 cents on earnings per share but the stock still fell because their revenue, which beat analysts expectations, didn't beat it by enough. Sometimes I wonder why I keep a stock until its earnings days. Sell the day before seems like a safer bet.
I might be selling my shares soon. Just need to wait till the middle of August so I only have to pay 15% cap gains tax.I mentioned SD a while back. Just informing people that Prem Watsa is selling it now. He made a nice chunk of change on it. SD is in the mid-low $11s right now.
ajikan,
With fear comes opportunity. I personally want the Dow to break 13,000. If it drops 500 points, who cares. It's only a 5% move. just don't be empty handed for the run to 14,000 which will one day happen.
I was about to purchase 750 shares of AMD on Thursday before the earnings call and changed my mind. Regretting that now. Up 20% overnight
NFLX getting hammered after reporting earnings.