Whining Doesn't Make Anyone Money (F) and (ATVI)
Perhaps two of the biggest stocks that have the most WHINING from Analysts, CNBC or Fox Business Reporters, and etc. is currently (F) and (ATVI).
Just a short time ago (F) reported sensational earnings for Q3. Shortly after that they report sensational numbers in October considering the Cash for Clunkers program was gone and the economy has gotten WORSE (let me repeat that for Motley Fool Article Writers)....Economy has gotten WORSE..... (let me repeat that for JIM CRAMER and TheStreet.Com Journalists)..... America's Economy has gotten WORSE.... Unemployment much higher than last year at this time.
And.....Sales in October....were UP 3% year over year in October for (F)....
As for ATVI??? Revenue was a triple digit LOSS last year as compared to a $15 million profit in the last quarter.... Despite the economy being WORSE.
Instead of CODY from Fox Business writing about how great an accomplishment this was for FORD.... Instead of RICK acknowledging how the environment for video games is down significantly and yet ATVI pulls a revenue profit? RICK should be drooling at these numbers and not WHINING and MOANING about them.
I mean my god.... TheStreet.com and CODY from Fox Business at the same day..pretty much the same time.... Just Tag Teamed up to produce a DOOM and GLOOM article on (F) Ford telling investors to SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL... Dump your stake in (F) Ford..
So what happens????? After hitting $7.58 on earnings report day the stock performs miserably under the weight of the "Holloween Special" that is "Your Typical Journalist that works at TheStreet.Com or Reporter who walks around with a fancy Coat on Fox Business" telling everyone to dump out of FORD....
Of course the stock price dove!!! Why wouldn't it???? These entities have thousands if not millions of readers/viewers daily hearing/seeing what they have to say.....
*OH MY GOD* *THEY ARE RIGHT* I must....*kill* *Frank Drevin* (err wait that's from the Naked Gun Movies) I mean I must...Sell...my stake in FORD.
Had Varchild 2008 sold off his stake entirely after reading CODY's words.....a few days ago....And the eyeball the fantastic 4+% rally in the stock price today.... Yea... I'd be incredibly angry...upset...and well furious with everyone that lives on the planet.
Thankfully.... I don't listen to these RICK ARISTOTLEs of the world. or "Where's Waldo" type Fickle Festivals you get from Standard and Poors changing their minds from 1 quarter to the next about what the price target should be for (DPS).
Enough already! These Analysts are the same types who thought the unemployment numbers would improve in the 2nd half of 2009.