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MSG stock loses $49 mil today - double Lin's total contract
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Rookie
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7/16/2012  6:00 PM
ok, let me help you, MSG, that one. I made it easy for you even and posted the market wrap where MSG was listed as...wait for it...the biggest loser....no, not the reality TV show...the real company that just lost 50M dollars....
AUTOADVERT
Rookie
Posts: 27049
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7/16/2012  6:02 PM
Bonn1997 wrote:
Rookie wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
Rookie wrote:Among the major gainers and losers in late trading today are Human Genome Sciences (NASDAQ: HGSI), which is currently trading 4.57% higher at $14.20, The Madison Square Garden Co. (NASDAQ: MSG), which is currently trading 1.80% lower at $35.93,

Read more: http://fyxnews.com/smw/30783/Stocks-Headed-for-a-Lower-Finish-#ixzz20pADiUM2

So now, we are not only professional Capologists but Market Analysts as well?

he quoted an article. the quote is pretty clear. what's unclear about that?

dolan pissed away $50M because jeremy lin hurt his feelings. i'm sure the stock will keep on dropping.

Should I start naming the may companies that did worse? Is that because of Lin too?

Please do! I'd love to read that!

http://finance.yahoo.com/losers?e=o

Here is some - I guess they should have never bought MSG stock. Or, stocked up on Linsanity jerseys.

again, not an expert...like you *cough*...but your chart is based upon percentage of loss. If you had actually looked at it, they are mostly penny stocks where a change in stock valued at say .68 (cents) will have a higher percentage of loss. Can you tell me which of those stocks on your list just lost 50M dollars?


No one has proof of why a stock changes value - educated people provide interpretations. This Wall Street Journal editor attributes the sharp decline to the Lin situation. I'm waiting to see an alternative, counter interpretation.

I certainly don't. I just posted the info, please interpret as you see fit.
Bonn1997
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7/16/2012  6:04 PM
Rookie wrote:
Bonn1997 wrote:
Rookie wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
Rookie wrote:Among the major gainers and losers in late trading today are Human Genome Sciences (NASDAQ: HGSI), which is currently trading 4.57% higher at $14.20, The Madison Square Garden Co. (NASDAQ: MSG), which is currently trading 1.80% lower at $35.93,

Read more: http://fyxnews.com/smw/30783/Stocks-Headed-for-a-Lower-Finish-#ixzz20pADiUM2

So now, we are not only professional Capologists but Market Analysts as well?

he quoted an article. the quote is pretty clear. what's unclear about that?

dolan pissed away $50M because jeremy lin hurt his feelings. i'm sure the stock will keep on dropping.

Should I start naming the may companies that did worse? Is that because of Lin too?

Please do! I'd love to read that!

http://finance.yahoo.com/losers?e=o

Here is some - I guess they should have never bought MSG stock. Or, stocked up on Linsanity jerseys.

again, not an expert...like you *cough*...but your chart is based upon percentage of loss. If you had actually looked at it, they are mostly penny stocks where a change in stock valued at say .68 (cents) will have a higher percentage of loss. Can you tell me which of those stocks on your list just lost 50M dollars?


No one has proof of why a stock changes value - educated people provide interpretations. This Wall Street Journal editor attributes the sharp decline to the Lin situation. I'm waiting to see an alternative, counter interpretation.

I certainly don't. I just posted the info, please interpret as you see fit.


Yeah, I was a little unclear but I was agreeing with you and then adding more information.
Rookie
Posts: 27049
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7/16/2012  6:08 PM
Bonn1997 wrote:
Rookie wrote:
Bonn1997 wrote:
Rookie wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
Rookie wrote:Among the major gainers and losers in late trading today are Human Genome Sciences (NASDAQ: HGSI), which is currently trading 4.57% higher at $14.20, The Madison Square Garden Co. (NASDAQ: MSG), which is currently trading 1.80% lower at $35.93,

Read more: http://fyxnews.com/smw/30783/Stocks-Headed-for-a-Lower-Finish-#ixzz20pADiUM2

So now, we are not only professional Capologists but Market Analysts as well?

he quoted an article. the quote is pretty clear. what's unclear about that?

dolan pissed away $50M because jeremy lin hurt his feelings. i'm sure the stock will keep on dropping.

Should I start naming the may companies that did worse? Is that because of Lin too?

Please do! I'd love to read that!

http://finance.yahoo.com/losers?e=o

Here is some - I guess they should have never bought MSG stock. Or, stocked up on Linsanity jerseys.

again, not an expert...like you *cough*...but your chart is based upon percentage of loss. If you had actually looked at it, they are mostly penny stocks where a change in stock valued at say .68 (cents) will have a higher percentage of loss. Can you tell me which of those stocks on your list just lost 50M dollars?


No one has proof of why a stock changes value - educated people provide interpretations. This Wall Street Journal editor attributes the sharp decline to the Lin situation. I'm waiting to see an alternative, counter interpretation.

I certainly don't. I just posted the info, please interpret as you see fit.


Yeah, I was a little unclear but I was agreeing with you and then adding more information.

I find it interesting, glad you ran with it...but I know nothing of how the market works.
mrKnickShot
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7/16/2012  7:31 PM
I read the article and I don't see where the blogger directly correlates the losses with the speculation of losing Jeremy Lin nor did I see such speculation / story anywhere else.

If people really believe that MSG will inevitably take a hit if they lose him and people believe that he will be lost, SELL MSG SHORT AND MAKE A SH!T LOAD OF MONEY!
nyk4ever
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7/16/2012  7:40 PM
on the day that the dollar drops in value, cablevision's stock then goes down (along with the dow in general), but of course its only related to jeremy lin. lol.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
crzymdups
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7/16/2012  7:48 PM
nyk4ever wrote:on the day that the dollar drops in value, cablevision's stock then goes down (along with the dow in general), but of course its only related to jeremy lin. lol.

asia is pulling all their money out of america after this travesty.

¿ △ ?
munco
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7/16/2012  8:56 PM
mrKnickShot wrote:
Bonn1997 wrote:Rookie posted this in another thread but I believe it warrants its own thread.
http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

That is so damn silly - you should be ashamed!! Have you been following the market? I have 3 companies in my portfolio that lost 1.6 pct for no reason other than market trends and those companies have nothing to do with JLin!!!!!!!!!!!!!!!!!

MAN!! THE HUMANITY!!

1.6% down is a pretty big down move for MSG stock. I assume you don't track the stock.
mrKnickShot
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7/16/2012  9:06 PM
munco wrote:
mrKnickShot wrote:
Bonn1997 wrote:Rookie posted this in another thread but I believe it warrants its own thread.
http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. MSG -0.09% , has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

That is so damn silly - you should be ashamed!! Have you been following the market? I have 3 companies in my portfolio that lost 1.6 pct for no reason other than market trends and those companies have nothing to do with JLin!!!!!!!!!!!!!!!!!

MAN!! THE HUMANITY!!

1.6% down is a pretty big down move for MSG stock. I assume you don't track the stock.

I am not saying we won't take a hit if he walks. I actually think that once it is official, there will be a swing. However, 1.6 percent up or down is meaningless in this volatile market. I don't think the market factored in at this point if he will leave or stay.

I also don't know how the market will figure in the loss or gain since there are many factors such as the 60 million in savings if we don't sign him and if they feel that he will be playing at a level where he can make MSG boat loads of cash (or not).

I do however think there will be a bit of a sell off on Wednesday if they don't match. But again, I don't think the 1.6 drop today means much.
loweyecue
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7/16/2012  9:13 PM
The stocks beta is 0.78 which means it moves more slowly than the market on average. Todya it fell more than the market so that could be significant. But a 1% drop is so small that it really means little. If we let Lin walk and it falls 10% you guys may have a valid case, right now it really is a stretch to call this cause and effect.
TKF on Melo ::....he is a punk, a jerk, a self absorbed out of shape, self aggrandizing, unprofessional, volume chucking coach killing playoff loser!!
mrKnickShot
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7/16/2012  9:13 PM
http://www.businessweek.com/articles/2012-07-16/whats-jeremy-lin-worth-to-the-knicks?campaign_id=yhoo

Here is a good article from a financial POV
mrKnickShot
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7/16/2012  9:14 PM
loweyecue wrote:The stocks beta is 0.78 which means it moves more slowly than the market on average. Todya it fell more than the market so that could be significant. But a 1% drop is so small that it really means little. If we let Lin walk and it falls 10% you guys may have a valid case, right now it really is a stretch to call this cause and effect.

Exactly
subzero0
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7/17/2012  10:15 AM    LAST EDITED: 7/17/2012  10:16 AM
As of now 10:12AM 7/17 the NASDAQ is powering its way up. MSG however is sinking like the titanic on a cold april morning. It is not following market trends at all. I wonder why.

NDAQ: +2.31%
MSG: -1.64%
mrKnickShot
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7/17/2012  10:17 AM
subzero0 wrote:As of now 10:12AM 7/17 the NASDAQ is powering its way up. MSG however is sinking like the titanic on a cold april morning. It is not following market trends at all. I wonder why.

NDAQ: +2.31%
MSG: -1.64%

The nasdaq is down - try to view in Real Time.
nyk4ever
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7/17/2012  10:19 AM
LOL, i love these amateur wall-street guys trying to affix market conditions to the knicks losing jeremy lin (who they haven't even lost yet) makes for great comedy.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
subzero0
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7/17/2012  10:25 AM    LAST EDITED: 7/17/2012  10:25 AM
mrKnickShot wrote:
subzero0 wrote:As of now 10:12AM 7/17 the NASDAQ is powering its way up. MSG however is sinking like the titanic on a cold april morning. It is not following market trends at all. I wonder why.

NDAQ: +2.31%
MSG: -1.64%

The nasdaq is down - try to view in Real Time.

Why pigeonhole yourself trading second by second? Real traders look at long market trends.

https://www.google.com/finance?q=msg%2C+NASDAQ%3ANDAQ
subzero0
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7/17/2012  10:29 AM
nyk4ever wrote:LOL, i love these amateur wall-street guys trying to affix market conditions to the knicks losing jeremy lin (who they haven't even lost yet) makes for great comedy.

I wouldnt really call myself an amateur. I have been trading for a while. I suppose if you're day trading then a realtime window is what you live on but im not sure trading that way is a good idea, especially with the way the market is nowadays. I much prefer looking at week and monthly trends. To determine Jeremy Lin's affect on the market you should probably take in a 5 day view of the trend. But to each his own i guess.
mrKnickShot
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7/17/2012  10:33 AM
subzero0 wrote:
nyk4ever wrote:LOL, i love these amateur wall-street guys trying to affix market conditions to the knicks losing jeremy lin (who they haven't even lost yet) makes for great comedy.

I wouldnt really call myself an amateur. I have been trading for a while. I suppose if you're day trading then a realtime window is what you live on but im not sure trading that way is a good idea, especially with the way the market is nowadays. I much prefer looking at week and monthly trends. To determine Jeremy Lin's affect on the market you should probably take in a 5 day view of the trend. But to each his own i guess.

First, the trend for MSG is not in line with the Nasdaq. And, lets not (try) to analyze a stock for one day and think we understand it's movement.
crzymdups
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7/17/2012  10:33 AM
subzero0 wrote:
mrKnickShot wrote:
subzero0 wrote:As of now 10:12AM 7/17 the NASDAQ is powering its way up. MSG however is sinking like the titanic on a cold april morning. It is not following market trends at all. I wonder why.

NDAQ: +2.31%
MSG: -1.64%

The nasdaq is down - try to view in Real Time.

Why pigeonhole yourself trading second by second? Real traders look at long market trends.

https://www.google.com/finance?q=msg%2C+NASDAQ%3ANDAQ

over the past 5 days, MASDAQ is +1.62%. MSG is -6.79%

so, coincidentally or not, the knicks apparent decision to split with their insanely marketable star has cost the company millions in stock price.

¿ △ ?
CrushAlot
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7/17/2012  10:35 AM
mrKnickShot wrote:
crzymdups wrote:
mrKnickShot wrote:
Rookie wrote:Among the major gainers and losers in late trading today are Human Genome Sciences (NASDAQ: HGSI), which is currently trading 4.57% higher at $14.20, The Madison Square Garden Co. (NASDAQ: MSG), which is currently trading 1.80% lower at $35.93,

Read more: http://fyxnews.com/smw/30783/Stocks-Headed-for-a-Lower-Finish-#ixzz20pADiUM2

So now, we are not only professional Capologists but Market Analysts as well?

he quoted an article. the quote is pretty clear. what's unclear about that?

dolan pissed away $50M because jeremy lin hurt his feelings. i'm sure the stock will keep on dropping.

Should I start naming the may companies that did worse? Is that because of Lin too?


Of course not. Its because of Melo.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
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MSG stock loses $49 mil today - double Lin's total contract
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