this stock...It keeps dropping for no reason other than manipulation...Someone is intentionally selling to force weak hands out. Total manipulation....Why isn't the SEC investigating these prick Wall Street hedge funds....
Tuned into Bloomberg TV after the close.... Even THEY were alluding to the market being rigged right now.
They're reporting that the 4 major bank made huge amounts of money on trading every single day for the past 3 months. They're reporting that the odds of that happening are greater than 4 pitchers throwing 4 perfect games on the same day.... highly impossible and unlikely legitimate.
They're saying that this is likely due to the govt allowing manipulation to happen as a way to recapitalize banks asap without taxpayers footing the bill and all the political fallout from that.
So, the bottom line is that if you're a retail investor actively in the market YOUR the one who's paying to recapitalize the banks.
Heads they win, tails we lose once again. Now we have the govt crooks in bed with the Wall St. crooks.
At least Bloomberg has the balls to report this. Doubtful that CNBC, who's in bed with these fatcat crooks, will even touch on this.
Just another buying opportunity. Be thankful.
Time left until earnings: 62 days
Time left until short smack down: 62 days
Time left until belly laughs generated by shorts stepping into the same hole three times in a row: 62 days
Here's the laugher....
Reading that the entire market is down because the jobs report wasn't as good as expected.
I don't necessarily buy into that for many reasons.
But, I'd bet dollars to donuts that if the jobs report was better than expected, the market would've tanked just the same because these same guys would be using the excuse that it's inflationary!
Heads they win, tails we lose?
When someone can have it BOTH ways, then you know something isn't straight with the game.
>>>When you find an answer that suits you and your portfolio, let us know.
When I look for an answer, I always look one more place after I find it.
Today I looked at mucho.juju's posts about what was moving INTC, then I looked at a post by Pistol Pete.
Found the real answer in the penultimate place I looked, as always.
Until new regulations are put into place (whatever they may be), these crooks will continue to manipulate in the name of providing liquidity to the markets to make as much as they can for as long as they can... until they either can't anymore or find some loophole to get around them.
It'll be interesting to see what the SEC, etc do to "level the playing field" so large banks, funds & brokerage houses supposedly have no advantage over retail investors.
I'll believe it when I see it.
What about the fact that almost all tech stocks were down. This is the way the market has been moving, with big swings up and down.
Cisco had a blow out quarterly report but guidance going forward wasn't so positive(20% of their sales comes from Europe). A forecast from Cisco Systems failed to improve sentiment toward technology stocks.
Intel will only trade so long with the low PE and future earning going forward. At one point I hope the management of Intel will realize that it is time for them to buy back shares.
Keep in mind that Intel share price after the 4th quarter report was under $20. Now it is more than 10% above that price.