What is it, Scoob? What do you mean that the first shoe is dropping? Oh, you mean that the Board may have breached it's fiduciary responsibility? Oh, man! Then let's make like a tree and get outta here!!!
Sentiment: Strong Sell
The $260's were short lived and gone for good on Tues. A brief stay in the $250's which I think we have seen the last of early this morning. If the market ends up negative today (pending Yellen's speech) we may very well be kissing the $240's goodbye also....time will tell. Fortunately for you longs....you cannot claim you never were given a chance to take advantage of your windfall. You can sit on your hands and watch..or collect your profits and ride this baby down....or invest in solar.
All of you living in a dream world will answer...short squeeze while dollar signs roll in your tiny brains. But in reality...it means many long shares have converted to short....and now the longs are selling to themselves to catch the ride down!!
It was more like it hit resistance and gapped down. It bounced right back up so somebody liked it after the weak knees sold out. Give us the news that is so earth shattering and why do you have it before anybody else. Thanks for caring - but we don't need ya.
Please do be careful - sooner or later the underlying financial valuation will ovvercome the short covering and the hype. Best of luck to all here...