Abercrombie & Fitch Co. (ANF)

All Comments on ANF

  • commenter
    libertarians
    obsister
    Oct 13 07:51 AM
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    this stuff won't stop until Treasury has a stake in even the solid banks and the traders have enough to clear out to dubai off of transaction fees from fear filled clients being told to dump all stock and keep the cash in mattresses.....
    sheesh, people think O wants to socialize. dudes, were are now socialized.....
    Go, Barr!!!!!     Reply
  • commenter
    zalo
    Oct 13 02:10 AM
    Paulson Finally Doing the Right Thing [view article]
    I agree with you that the best solution is just to cleanse the bad assets from the banks by giving put free money. But that is not politically viable by any standard. It has never been done in that way in any financial crisis. Pouring in capital is the second best solution, though it punishes investors that bought in the cheap as it dilutes them.
    Now, if i where to invest in recapitalizing a bank in the cheap, i will certainly wait to see if the government goes in, and this behaviour will certainly end up in that the government will be the only capitalist pouring in money. True, but from the government point of view, there is no other solution as at this moment there are no private investors out there willing to put in money.

    Reply
  • commenter
    Stone Fox
    Capital
    Oct 13 01:31 AM
    My Website
    Paulson Finally Doing the Right Thing [view article]
    So punishing existing investors is a good thing? Thats anti-capitalism. All of the risk takers that caused this problem have already been punished. They all hold stocks down 50 to 90%. How will punishing somebody that bought MS last week at $15 help??? Nobody will want to invest if thats the thought process. Buying the toxic assets off the balance sheet is the best answer. Not really sure anybody has a goal of deleverging past existing levels and nobody still holds 25:1 ratios. Even MS will be much lower then that with the $9B deal.

    The key is to get these assets off the BS so that counterparties won't fear further writedowns. Banks will be able to lend without risking the unknown. Giving a bank $5B that sill has exposure to $50B in loans that could be written down $25B doesn't really help. The issue is to make the downside known. Providing the investment holds to solidify banks that may wish to sell loans at the same time. Govt must buy at market values though. Screwing investors will just cause market instability.     Reply
  • commenter
    Getridofthem
    now
    Oct 13 01:07 AM
    Paulson Finally Doing the Right Thing [view article]
    Is anyone concerned about the state of municipal finance? I worry that this is the next significant show to drop. I am hearing more and more from my colleagues and friends that municipalities are in deep trouble. I would like more insight and information about the fiscal health of munis. Banks have a lot of money - liability and asset side - that depends on munis. Reply
  • commenter
    constructe
    Oct 13 12:10 AM
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    I like your assumption. Only program trading can have such a high correlation. I assume it was covering of SPoos bets in fear something weird may happeb over the weekend. And it did, the SEC issued orders that banks can declare any value they want to to illiquid paper. That means you get 100% no transparency again. When the market is looking for trust, they shovel us black boxes that you can't open until Christmas 2039. Hopefully, by that time we will be out of the muck they made. Reply
  • commenter
    Extremebrick
    nmortar
    Oct 12 11:58 PM
    My Website
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    I watched the market and as many tickers on as many as I could and came to several conclusions. There was massive selling and liquidation going on as the session began, likely a combination of margin call induced selling, hedge fund redemptions (the biggest contributor to the selloff) and some retails capitulating. About 2:00 to 2:30 p.m. the selling pressure seemed to have run it's course and the buying that came into the market seemed to be from two sources, investors and insti's with dry powder buying the exhausted dip and, IMO, most importantly, SHORTS COVERING TO LOCK IN GAINS. It was no "short squeeze" but rather shorts seeing that a pivot point low shelf had been attained, was confirmed by reduced sell side volume and they moved to BUY TO COVER, BTC. Simple profiteering. Calm execution of closing out a good "short" run with momentum on their side, of which was waining. Money was being made, while others lost, or were forced to book their losses.
    Things were too orderly and calm in the afternoon. Trading was orderly once the late afternoon buying came in, the tide turned as selling volume abated and it was time to close out short positions. The gains seemed to gain momentum as no doubt cash on the sidelines bottom fished the miseries left behind by those exiting.
    This only poses several new key questions. IF, I am correct, then the "safety net upward bias" short covering provides MAY NOW BE SIGNIFICANTLY REDUCED, offering little to no downside protection which begs the next question: That "low shelf" that had been attained and seemed to be washed out, asks do we now set the markets up for another downleg as earnings are revised downward as recessionary factors come into play globally ?
    Central banks are throwing virtually everything they have to halt this slide into the morasse. Will it be enough to reboot they credit pumps and generate a continuing business climate, or will this be looked upon as just another rally to make a quick buck or one of the last opportunities to exit?
    Traders love the volatility if that is their business, but John and Jane Doe have little time to watch markets and streamers or continue reading the negative monthly statements that have become the norm as they watch their life's savings vehicles depreciate at an unsustainable rate. hgc     Reply
  • commenter
    MarketLost
    Oct 12 11:52 PM
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    Gina said "smells like a double shot of PPT working with instant monopoly money "

    Hmm, two replies here, and both mention the PPT. Do you believe in aliens, too?     Reply
  • commenter
    DavidB
    Oct 12 10:53 PM
    My Website
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    The action looks like someone was trying clean up skeletons to me. Maybe we'll find out next week when those skeletons finally fall out of the closet with an institution still chained to them for all to see but something big was moving around possibly in a death rattle(elephants don't move fast in the jungle without shaking the trees and in trading, volume is the trees and institutions are the elephants). Either that or the government working group was trying to spark a rally and prevent margin calls next week.

    We also have earnings beginning next week and big money may well have wanted to get positioned for it     Reply
  • commenter
    Whidbey
    Oct 12 09:24 PM
    Paulson Finally Doing the Right Thing [view article]
    Isn't final demand the determining issue of recovery, all else equal ? The banks are just utilities and we do need them to function reliably but they are not the final objective which consumption. We need money in the hands of consumers, you decide how you want it there. I hate stimulus hand-outs. I like tax holidays, and government backed loans to homeowners in trouble. I know, the dollar goes to Hell, but not if we can stabilize the economy and the consumer. Those the magic buttons that will cause the elevator to rise again. The first bounce gets tested, so no long term investing yet. But, one find day.... Reply
  • commenter
    SmartStops
    Oct 12 09:13 PM
    My Website
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    With $3Trillion running through the hedge fund industry these days, who's looking out for the little guy? Who's teaching investors that they should ALWAYS have a Protective Exit Strategy in place from the start like the big boys do? That Buy&Hold is the riskiest strategy around?

    Protect yourself with an intelligent exit strategy at all times. One that will continually adjust itself to a stock's behavior and overall market conditions.     Reply
  • commenter
    RomanG
    Oct 12 09:03 PM
    My Website
    Paulson Finally Doing the Right Thing [view article]
    That quote can not be anymore true today then when Churchill said it. Paulson should have done this a year ago. It would have saved the sates or at least cushioned the fall. Reply
  • commenter
    Crudeman
    Oct 12 07:35 PM
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    Personally, as a chartist, a huge head & shoulders top objective was met at 7900 hence the dramatic 1400 pt round trip in the first half hour. Obviously it was mostly short covering as it then settled back to trade sideways until the spike at 2 pm. Having said that, wouldn't it have been nice if Ben and Hank had included Lehman's in all their schemes last week and all these money raising shenanigans might have saved a couple of trillion in equity holdings... Reply
  • commenter
    asteroids
    Oct 12 05:52 PM
    Paulson Finally Doing the Right Thing [view article]
    Investing in those companies won't solve the real problem. The credit default swaps and all that other exotic garbage are the issue.

    The SEC should declare them illegal products and the head of the
    SEC should resign.

    The Treasure should buy up all that junk at 5-7cents to the dollar.

    Presto. Trust comes back. Banks start to function. Things will get better.
     Reply
  • commenter
    vodop09798
    Oct 12 05:43 PM
    My Website
    Was Friday's Rally Just a Hedge Fund Short Squeeze? [view article]
    I don't know about all this technical talk you experts are putting out, but I do know that NCC still has 21.77 short interest (absurd) and only(?) 33% instutitional holdings. Looks to me like there are a lot of individual shorts out there still hoping for an NCC collapse. Whats going to happen to you poor folks if they get bought for $5 - 8 - 10? Going to be a lot of scrambling to cover, I reckon. I hope you all lose your retirement, like I have. Reply
  • commenter
    Curbs-In
    Oct 12 05:01 PM
    Paulson Finally Doing the Right Thing [view article]
    Oh! Since you are offering quotes... Here are a couple...

    -Prosperity is just around the corner... (Herbert Hoover, 1932)

    -Faced by failure of credit, they have proposed only the lending of more money. (FDR, 1933)

     Reply
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