You guys have been saying that for how long now??? It's an election year so very unlikely we'll see a significant correction this year. Obviously, the whole situation in the Mid East could trump that but I'm not willing to count on that.
That's why I keep a tight stop. With bank interest rates at almost zero, there a few better alternatives than stocks. This is a volatile stock which can also be a plus for the long side. You have "experts" here who have had their cash tied up on the short side for months and months, all the time paying interest to borrow those shares while the market has been rallying hard. It doesn't make sense to me but it's not my money to lose.
How are your underwater shares treating you? I'm up AGAIN with my latest trade. If the "fools" are the ones making money, count me in!
So, are you loading up on more short shares? Seems like a "no brainer" if all you say is true. Sell everything you own and short as many shares as you can. It's worked out well so far, right?
Technically and fundamentally, Z is very vulnerable. FPE of 145 and PS ratio of 20 is way too high, given that the real estate market is softening. It's very doubtful that they will have the kind of super revenue growth analysts are expecting and as such high FPE and PS are unjustified.
Sentiment: Strong Sell
And make sure you say that Z has no correlation whatsoever with the housing market. There are some fools out there that actually believe that one!
I want to buy but support at 124 and if that doesn't hold stock can test 200 dma fast which is 114 and stock move couple bucks like nothing happened
why in the world would you want to buy this bubble at this ridiculous price?? If you actually want to buy it, buy it next year at $10 not at $125 LOL!!!!
Thanks Benji. Every little bit of buying helps us longs. I'm hoping another run up to 133 can net you some more short shares. Rinse. Repeat.
Sure you did. The absolute high was 164.90 on 7/28. I went back and checked your posts. You did not seem to mention shorting at that time but now we should all believe you 2 months later.
After the fact traders have no credibility.
Yes, I bought to cover the extra shares I shorted when the idiots pumped this monopoly money above 130 last week.
Sentiment: Strong Sell