No kidding. I don't see what could have sold it down like this. And on 4x normal volume. Must be some inside info.
Tires of course are also made out of rubber and rubber prices continue to fall. 5 years ago rubber was $270/lb and had dropped to $75/lb 1 year ago. Now it's $58/lb. Add that to the other factors you mentioned and we have a major tail wind behind this business.
Maybe but it doesn't help when the DJIA falls 180pts. BIDU has gone straight up from a 130 bottom in less than 6 weeks. It needed a rest.
Hang Seng was down but Shanghai and Nikkei were up. The Chinese just dropped rates a couple of weeks ago (Oct 23rd) so I doubt they turn right around and raise them. BIDU was over valued at 250 and undervalued at 130. I'm thinking the right number is about 210-220.
Do you even look at the chart. I've made a lot of money shorting this stock but all the while respecting it's potential. I went long about the time you went short. I'm thinking it moves to upper 170's before the earnings on Thursday. Then all bets are off. I don't know if expectations have dropped enough. But even if it disappoints I will add on a drop unless it's just terrible.
Guys like you have been saying this since it went public at $50 (split adjusted). Sell it fast before you lose everything (LOL).l Do you really thing investors listen to this #$%$. I've been in and out a bunch of times and I can tell you without a doubt this is not the time to sell. I'm thinking we get a move over 800 before Christmas. We just had to get rid of some fast money today. I'm adding in the 700+ teens
Totally disagree. Only profit taking here. The stock has broken above 700 for good. Second beat in a row plus $5B buy back and all the upgraded targets will not let it slip back below 700.
Exactly as it played out. The stock traded weak the last 3 days going into the ER. Just like clock work it went up big after ER. Interesting. I made half a year's salary after work today. Yehaa!!
Google usually has a good ER when the stock is weak going into it. Last time was a complete aberation as the sharp uptick pre release caught a lot of shorts sitting there. I think we get back to normal if weak good ER, if strong then weak ER.
The last day is not always a good indicator- it's the last few days. But, ook at the setup here. Any move over 700 should be bought. The consolidation between 600-700 would be over and anyone short would have to cover. GOOGL is one of the most owned stocks and every fund will have to buy more if it goes for another run. They can't be left out.
Margin calls? Well not because of GOOGL. It's still near the all time high of 700 and an ER coming. A break over 700 and it's going to go up like crazy.
There was a reversal on the SPX and Nasdaq. Pretty ominous. But it's also good to see GOOGL going down heading into the ER. It usually is a good omen. Going up into the ER is usually a bad one (except the last one which trapped a lot of shorts going up so quick the last 3 days prior).
Yeah, everyone selling yesterday was expecting the stock to jump tomorrow, right? The stock dropped 20 friggin points. That's not a good indicator for the shorts post ER if they post well. Any move above 700 will rocket on up and keep going.
If it closes above 700 it's gonna run to 800 fairly quickly. If the ER is strong tomorrow it might do it in one day.
If you are looking for earnings pop it's better to drop off before the ER. Last Qtr was an aberration as it went up real fast (3 days prior) and then jumped 100pts on ER day trapping a lot of shorts. Most Qtr's it's best not to go into ER strong because no matter what the ER is it will go down as the shorts sold before ER and then jumped back in after.. If it goes into the ER weak then it can pop strong after. Plus a break over 700 on ER will push this puppy up very fast..
Does anyone know why this one is down in pre-market? China was up last night and US futures are up. Don't get me wrong, I'm short BIDU so I'm happy about it. Just wondering why.