Folks try shoes on so not the competition from AMZN. SKX has so many styles now. Stores that I have went to have been selling a lot of SKX shoes. I even bought 2, yes two pair. Will know if they do well in just over 24 hours. GLTA
Result was that CALM had a loss although not a bad as projected. Difficulty is that the prices may stay down. Consequently stock price will be down. Rocket Science, I know!
A little patience has paid off! Wall street had to cover their shorts and then load up before it would really move.
This is the reason it has played around here at 32 and 33 before it finally began moving up.
This is a corrupt and what Howard Lindzon calls a "turd" bank. They have had to pay fines of up to 2.5 billion for the Libor scandal. They also had to pay penalties of 257 million in November of 2015. I could go on and on.
I say partner because this bank has no credibility and must be working with someone else to have been able to bring down FSLR 10% on a downgrade via one of their analysts who has no credibility. I am not crying because I lost money as a result of this drop. I didn't own it then. I did buy some after it was down. The point is, "why even have a SEC". There is no way these people should be able to get away with this. They should be closed down. Is this what they mean by "too big to fail"? We have become so civilized that we permit a few people destroy many folks life's because consequences for the guilty won't bring the money back. This is insane.There really isn't a significant deterrent in place to make folks even think twice regarding this behaviour. Sorry for the rant.
When wall street shorts a sector you do not want to be long. Just as they take a sector and stocks in that sector to ridiculous high prices when they are long, similar action takes place to the down side when they are short stocks in a particular sector. Consequently when you think that a particular stock is a good buy fundamentally at a certain price, they may take it much lower as they have HFC, VLO, WNR to mention a few. 11 months ago it was 54 and now it is 22. Very painful for retail folks as they are the folks holding from 50 and 40 not wall street. With their liquidity even if they are covering here, it could take a while before it moves up. They may even take it to lower lows. You do not know. They decide. Even more discouraging is that the market is at all time highs and this sector is at 52 week lows. If you can hold for 2 or 3 years would think you will be all right. It could go up much faster than that. We might also have a big drop in the market and it could go much lower. Obviously that would mean it will take longer to come back. Wish you the best.
Have been taken to the cleaners and unless you purchased some puts earlier to protect your long position you are down a lot of money. Wall street is going to get very nasty with the manner that the Fed has set things up with all the liquidity that is now being used both ways. The biggest problem is that retail folks do not have this kind of liquidity. Wall street can collude, with usually no consequences, to move stocks how ever they want. FSLR is a prime example. Wall street can take these stock so low before they cover. Case and point WDC. They took this stock from 88 to 36. Folks were buying at 65, 60, 55, 45 thinking they had a real bargain. Well finally at 36 two brokerages downgraded with the predetermined plan that they would cover and go long. Well, after another dollar drop with lots of covering then purchasing, in three weeks it was up to 50. Even after that big jump most investors are still in the red. So most of retail is still losing money while wall street made money on the way down and on the way up. Wall street is finding it harder to make money so you can count on them being even more manipulative. Be careful. They take no prisoners. If you parachute from your fighter, they still will shoot you. They have the mistaken belief that trading is a war. GLTA
I should also share that they often do dirty tricks like upgrading to take stock up for the real purpose of shorting it. Of course they might just as well take advantage of selling via shorting their previous purchased stock to themselves. You just never know the real reasoning until after the fact. A little like reading the charts after the fact and thinking that you knew this was the direction the stock was going to move.
Both are crooked. Usually GS moves stock more on day of trade as they have more funds to move them in the direction they have already positioned themselves. Let me assure you they are not giving these upgrades and downgrades in the clients best interest.
They would still carry their regular weapon. In close quarter altercations they could immobilize the suspect temporally rather than permanently. I witnessed first hand this taking place while taking my mother for a walk in the wheel chair. I hear the police siren and see it come to a quick stop about 100 feet from us. A big strong man is running down the sidewalk. Two police officers jump out of the police car. The big man resists arrest. The one police officer warns him, the man continues to resist arrest, the police officer tasers him and then puts the hand cuffs on him. I was impressed as initially I thought both police offers and the suspect would suffer some king of injury.
The obvious appears to be that there are not many real buyers in this company at present. Shorting has been very profitable with this company. Shorting only as a day trade. Again today they run it up quick. Shorted at 34.20. Will cover before day is over. One of these days it may move up again. Maybe next week or month. It is a Chinese stock and they are notorious for retail folks from the USA buying high and losing lower. Think it will close near 33.50. GLTA
Some texted me to share that folks are still driving. They are going to Mexico before the wall is built and spending their holidays driving in Canada because they get more bang for the buck. Makes sense!