New U.S. single-family home sales fell sharply in June, suggesting the housing market is struggling to regain momentum. The million dollar question is how this is going to affect growth prospects for Z. Z has been engaged in expensive ad campaign at a time when housing market is losing momentum, what does that do to Z's profits? Z's FPE of 145 and PS of 22 are based on the premise that Z will be able to sustain high growth expectations and if that doesn't materialize then Z is in a huge slide down.
So "The Street" had a "sell" rating from the stock being at $20.00 all the way up to $145.00 (per share).
Just goes to show you that there is absolutely no shame on Wall Street.
Nice job Jimmy, NOT..
Sentiment: Strong Buy
I watch the bid and ask. It looks "funny" on the up side. bid is often higher than the last traded price....repeatedly...Isn't the bid supposed to be lower than the last traded price...hence the struggle between bid and ask...there is no struggle, the bid is regularly over the last traded price....almost as though defying gravity.
Why don't you go read the Street investment report. I know they are available thru Ameritrade. They will give you all the reasons for their opinion. That's all it is...an opinion. Take it for what it's worth. I tend to think that analyst are usually give upgrades near a top and vice versa. So you have that working in your favor. I agree that if it continues to hold $123 and consolidate here we could see another leg up. I am right on the fence about jumping in long right now. I missed the low $124's this morning so I will wait again. In any case, I will set a stop just under $123 in the event it turns.
You shorts have more conspiracy theories than anyone I know. Twisted logic. Wishful thinking.
Try sticking to FACTS when making investment decisions.
There seems to be a struggle between those who like to see Z bounce back from 50-day MA and those who want Z to test 200-day MA. If Z falls below 123, it will increase chances of it falling to 200-day MA at $93. Look for how manipulators try to push it up as it gets close to $124 - only time will tell which side will prevail. RP, another player in the same space, produced very disappointing numbers and downgraded their outlook - that raises the risk for Z because of its extremely high valuation (forward PE of 145 with no profit).
For several days, volume is very low compared to average. At the open, stock always goes up, but can't sustain. It looks like someone is trying to push it higher with the hope that frenzy might set in and a short squeeze might ensue but SHORTS seem to be refusing to play this game. If SHORTS sit tight and not panic and cover it, manipulators may have on their hands risky position that could crash big if a negative news comes such as pre-warning that they will miss the targets on revenue and/or EPS or margins. It wouldn't be surprising if some shoddy analysts, who are collaborating with the manipulators, might issue upgrades to give a helping hand to shake up SHORTS. SHORTS - don't give in and cover, until the next report is out in early August. They have spent a lot of money on advertising, but recent traffic report doesn't really show much improvement combined with softening of real estate market, there is a high probability that Z will disappoint (otherwise why would CEO and other insiders sell all of their shares?).
Sentiment: Strong Sell
You cannot really trust these analysts, can you? They give all the negatives but upgrade the rating without explaining why. The way they describe details and trends, one might think they are about to downgrade. Send an e-mail to SEC and bring this to their attention.
Why else would they upgrade this POS from sell to hold? If Zillow didn't buy advertising slots, then who do you have to buy season tickets for at The Steet to get a stock upgraded?
Sentiment: Strong Sell
retail is not short, some big fish is short and I am sure they know what they are doing .. retails cant be short for that long ....
One of my all-time favorites! Heart of Darkness...