In which direction? Today it is the worst of the bank stocks. Very weak on an up day and supposedly good news for banks.
Not real heavy selling but no one stepping up to the plate to buy. May have been a number of wall street taking profits and then shorting yesterday. On the daily still making lower highs and lower lows. GLTA
Similar to when it was 34 with analysts bounding the keys sharing that it was going to 45-50. We know where that went. No accountability for these folks at all.GLTA
Sorry, I should have stated fertilizer stocks. I was thinking about POT. Not thinking well. LOL
Long at 50.80. Looks like they are setting up for a move long. Think it may go higher tomorrow. Can not find any reason for it to be lagging behind like this other than wall street manipulation.
WNR up 6.70%, MPC up 4% and VLO in the red with no news. This looks like wall streets finest keeping prices stable to cover their short shares. Refresh, refresh, refresh.
Have to admit that I am surprised in the selling in VLO today. Their refiner in the UK is doing well. Maybe wall street just sees an easy way to make more on the short side with VLO. Maybe they have had to take it back down so they can cover here. Maybe they are going to take it lower. Obviously I do not know. GLTA
All kidding aside VLO is still in a downtrend so I am still just observing. It continues to make lower highs and lower lows.They had no difficulty having a big gap up then continued selling to where we are now. Still looks manipulated on wall street to the down side. They toss this around like a dingy in the high seas.
It does look like they take VLO lower. Lots of refreshing on the offer. Brexit means that there will be less driving in the USA this summer so VLO will have lower profits.
Definitely discouraging for longs. Predictable with the tighter spreads yet discouraging none the less.
POT is negative now after a gap up. Wall street not friendly to potash stocks unless short.
Day is early. Will see what happens but I did think we would have more of a bounce. Waiting to go long. These potash fertilizer stocks are looking more and more like coal stocks. Maybe they have come out with a new form of energy to produce better yields.
Reminiscent of 2008 when good news still saw a stock drop in price. Could be a hot summer will cold stock prices.
As much as one doesn't understand it as it is so fraudulent, that is how the market works. You knew this kind of behaviour was coming, you just didn't know when. Wall street short now and retail folks selling out of fear which exacerbates the downtrend. This is how 2008 worked. This is nothing like the Lehman debacle but wall street will use it to make some good money on the short side. We are already back to 2010 prices for CF. No advice just GLTA
One has to be very savvy to own a company like YY with those fundamentals and yet the company continues to make new 52 week lows.
Where do all the shares come from that are being sold on the ask when a stock is making money and with lots of cash making new 52 week lows.If you thought this was a good stock at 60 why in the world would you sell it at 25. The brokers are just set up to refresh on the offer by covering shares they are short or purchasing themselves. Must be what the brokers call money in the bank. LOL
May hear something soon. It is actually good that they have not been buying back stock. Now it is really oversold and a buyback at this price could result in a nice move up. Granted it is so low that most folks will not be near a break even point as it has fallen so much. GLTA