Some casinos learned a way to increase risktaking at the roulette table. They have a digital display that shows the previous ten or twenty results. When gamblers see that the last 7 spins resulted in "black", they start to increase their betting on "red". As if the roulette wheel has a memory, and will go out of its way to correct its behavior, as if you can "card count" a roulette wheel. Haha.
The gamblers look at Netflix, day after day, up $3, up $10, up $9 and increase their bets on "down". But on a short term basis, the markets are no better than a dumb roulette wheel.
Agreed .. I don't know if it can make it but it is a great ride so far. I am always in awe of how the Street feasts on the mentality of amateur shorts who think they can challenge momomentum. Lesson 101 in trading IMO
As long as you have greedy people who are silly enough to short a stock on the basis of valuation, it will continue to go up. I figured that out at 160 .. and have been enjoying the ride up. The only way this stock will correct is when people figure out that Icahn is the master of the short squeeze .. and leave it alone. Only a big player can short this stock and win IMO
How do you short stock? based on what? There is no earnings to speak of.As of today it will take this company 507 years to earn the share price. To short this stock you have to have deep pocket and be patient. You will be rewarded big. All fundamental this stock has is Icahn has a bid one. If he can get up at his age. people are crazy.