<I'm surprised NITE, EGRP & AMTD aren't up with the news out of SCH... >
Not really surprising. They are all under attack from the Hero shorters, the bond watchers, and the MM namely FBCO.
But you know what? They are all 3 wrong as can be. The Hero shorters are getting conditioned that these "always open down the next morning". "Bond Yields will keep going up". "No consolidation will occur in the industry". blah, blah, blah, all taken from SI posts...... AND just when this is all accepted as fact. BOOM its going to be shown absolutely wrong, totally incorrect, by either earnings, a significant news event, or a merger, or even a scale back of advertising expense.
And here I (we)sit ahead of the game. Fully expecting to see 50+, 40+, and 35+ respectively soon.
Disclaimer: If I am wrong about feeling the imminent upward inflection point is very near, then big deal, the growth in the OLB's and Nite will eventually bring stellar returns anyway over a year's period. |
