Ya'll know me. I've been on this board predicting $6 for the last six months. My guess is there at least one more fools rally in this pig.. That said I will see you at $6 eventually
Sentiment: Strong Sell
Also, short sellers could be initiating or adding to positions.
imo, it's a great day to do the opposite!
We'll know soon enough.
Sentiment: Strong Buy
1.4 million shares already traded. Not good. Down 14%. Not good. No news other then announcing 1st quarter earnings to be released early. Usually a good sign, usually. The only bad thing that could come out of the 1st quarter report is poor sales numbers. If, somehow, word on that has gotten out, would the stock drop this much? After all, the market cap on this stock has declined by $157 million in the last two days.
Mt conclusion remains that one or more institutions have become disenchanted with the market and particularly what they would define as speculative stocks. There are some very significant institutional exposures on this stock. All it would take is for some of these institutions to decide to reduce their across the board by a5% to 20% and you get the kind of train wreck we are having today. The market is down big time today.
Just a thought.
There's something going on, that's way beyond what the rest of the market is doing. Down over 14% with waaay over normal volume, and not a peep of any kind of news that I can find.
CNBC is a joke - I used to watch it all the time (the Mark Haynes days), then I used to have it on with the sound off just to see the tickers, but now I can't even stand to have it on. There is very little information/discussion/analysis that is useful to investors - as you said, day traders, volatility, option activity and market "action" is the focus. It is a microcosm of what is wrong with our financial/banking system today.
The American soldiers were outnumbered approximately 5-1 and were lacking in cold-weather gear, ammunition, food, medical supplies, and senior leadership (as many senior officers, including the 101st's commander—Major General Maxwell Taylor—were elsewhere). Due to the worst winter weather in memory, the surrounded U.S. forces could not be resupplied by air nor was tactical air support available due to cloudy weather.
It was on the 22nd of December that General von Lüttwitz submitted the following demand for surrender to his American counterpart commanding the American forces in Bastogne, Brigadier General Anthony McAuliffe:
To the U.S.A. Commander of the encircled town of Bastogne.
The fortune of war is changing. This time the U.S.A. forces in and near Bastogne have been encircled by strong German armored units. More German armored units have crossed the river Our near Ortheuville, have taken Marche and reached St. Hubert by passing through Hompre-Sibret-Tillet. Libramont is in German hands.
There is only one possibility to save the encircled U.S.A. troops from total annihilation: that is the honorable surrender of the encircled town. In order to think it over a term of two hours will be granted beginning with the presentation of this note.
If this proposal should be rejected one German Artillery Corps and six heavy A. A. Battalions are ready to annihilate the U.S.A. troops in and near Bastogne. The order for firing will be given immediately after this two hours term.
All the serious civilian losses caused by this artillery fire would not correspond with the well-known American humanity.
The German Commander.
Within a short time McAuliffe responded thusly to von Lüttwitz:
To the German Commander.
The American Commander
in response to the German demand.
Have been in this for over 3 years. never sold or traded a share. To date, I am up a grand total of .22%. How patient do I have to be? :-) These inst's & funds that jerk the market up & down for NO reason, other than to line their pockets, are driving many small investors out of the market altogether. Today's market sure doesn't resemble what the market was initially intended to be. CNBC doesn't even talk about "investors" anymore, it's all about "traders"
You asked if anyone can explain the last couple of days of trading. Hocum's Razor states that most often the simplest explanation is oftentimes the right explanation. Given that, i would state that much of this action, like today, has very little to do with day to day activities of the company. Instead, since the institutions own over 80% of the stock, what is going on is some institutions selling large blocks, some buying large blocks. This is a speculative stock. In uncertain times, it is the speculative stocks that have the most dramatic movements.
At times like this i remind myself of the old stock market saying......" In the stock market, money flows from the impatient to the patient."
Pezel, the rollercoaster that has been the NVDQ stock price the last few days is both disheartening and unnerving. Does someone have fundamental knowledge of a breakout? Did someone get info at the SAGES conference? They have 90 new marketing people that if they have had great success could blow the doors off of estimates and easily sell $15-$20 million this quarter in the in-house PINPOINT, LUNA, SPYElite product space. If they do, the company could actually go positive earnings based on sales. Then the $20@ share price would be real on the 28th of April. Tack on the 4.5 million shorted shares and the price could run to $25 by the end of April and the fellow who bought 1100 shares at $16.75 would pocket a cool $9k in two weeks for an $18k investment....Nuts! What was the name of the fellow who answered the surrender request in the Battle of the Bulge with the same answer? If someone heard or figured out that the NVDQ's new marketing people are not productive, discouraged, and sales are ~20% YOY up for PINPOINT, LUNA and SPYElite then expect a drop back to $13@ per share price and the fellow who sold the 1100 shares could buy them back and make a cool $4.1k for putting $18k at risk (though he does have $18k cash in his hands).
History will be the final recorder of the stock called NVDQ----Nuts!
As a friend of mine use to say to me all the time...."Streams of unconsciousness"