Bar None. Lower lows and lower highs since the double top from May 2nd. Crm has tested the $125 area 12 times since June 4th (over 20% below it's high). All moving averages of supply and demand ( short term, intermediate term, and long term) remain above the stock price and moving lower. And all the while the major indexes are at a 12 week high and within a few % of the highest price registered from the "correction up" move from March of 2009 low. Nothing has changed in my analysis of this stock over the last 2 months. Despite the occasional 'one day wonder' or 'few day wonder' spikes higher, this stock is firmly on track for the $70s before November options expiration, and very possibly before Sept expiration ( with earnings report, or lack thereof, coming out at the end of August). Current price - 128.41. Have a great day shorts.
Cfno, Thanks. I wish you and Blue's and more shorts would have been a part of Pcln. I know Jerry is having fun getting back at the immature bashers that have just taken over this board. Not even worth posting on here anymore. It's become like every other yahoo message board.
Cfno, mww down 145 on earnings report. Lnkd down 10% since i answered your question. If you shorted the stock , "good for you" , you are "currently" up a couple more percent than those of us that were in Lnkd just 2 days ago. A few of us were in Lnkd puts at a price quite a bit higher than that. I am not a fan of $7 stocks. If they move up 50c you are down 8% , and I wont even get into the bid/ask spread being close to 1% even if it's just pennies. Best wishes. Earnings out on lnkd , stock UP to 97.69 at the moment in after hours, I'm way up in that stock and expect to be way up even more with downside action to come.
Cfno, I don't play single dollar stocks. If I did, off the top of my head, I'd just short BAC. I believe it will literally go to zero. And yeah, I know 'self-serving' hypocrites like warren buffett are loaded up in bac long positions. He's wrong. Anyway, mww, good luck if you are in it. I have zero interest in that stock. What's the most it can drop $7.00 ? Crm can drop $110, Amzn can drop $200, Aapl can drop $350, Cmg can drop "another" $200, Pcln can drop $500. And yeah, I get the "percentage gain" argument if you are "shorting", but I'm not shorting a $7.00 stock and staring at it for 3 years watching it drop $6.00 and filing bankruptcy. I want to buy timely puts on massive bubble stocks, and make a literal fortune getting in and out of those names. Like I mentioned last Friday morning, I repositioned my portfolio, but remain in the same names, just adjusted strike prices and expiration dates. Crm, Lnkd, Aapl, Pcln, Rl, Amzn. I am not fazed by a 4.5% move up from last Wednesday to Friday's close. I believe we are staring at a worldwide stock market crash. That little 4.5% "blip up" ( which currently qualifies as the largest 3 day up move in the DJIA all year) preceeding it, may barely even be noticed when history looks back at this point on the charts.