3rd day of stabilization in the 43 plus to 44 plus area - I would suggest to shorts to cover, but don't believe me, do you are own research. The market gives you plenty of opportunities to clean up a trade, and here it is shorts, but some are so greedy (both sides of the fence) that they will keep them on - for no reason. get ready for a serious short squeeze. To the same magnitude as the long squeeze last week.
I would not be surprised if Amazon buys out Kohl's for 55 per share. If not, I have no doubt that the stabilization in the 43-45 area, is leading for a charge back to 55 in due order prior to X-MAS. Fiscal Cliff won't matter, what matters now is how hedge funds perform and a 10% return on one stock like Kohl's can easily be explained to investors - ok, but don't believe me now, watch and see if I am right.
I absolutely agree - first all its restricted today - and so if you are still short it - the longs want to get in at best price possible - it will help make their December and 1 month gain in that security look phenomenal especially if they got out at 55 before earnings .
it traded to its low yesterday so Short sales could be restricted - there is going to be a huge bounce come next week back to 50 or above.
that's #$%$. you can short a stock even if it closes below by 10% - take a look at Bear Sterns for historical reference.
this is verified and there is an order in by one subscriber for 500 puts at this weekly price at that time so good luck.
between shorts covering and institutions driving this up - this gave you 10% rare up day in CRM, you had every opportunity to sell but you chose not too. Shocking how greedy people are. This will revert in the biggest post-Thanksgiving drop in the history of the market on Friday (that is the market and people will be taking their gains all day long most likely within the first hour)
they are keeping the stock inflated to get more people to cover - clearly the know some are running into margin calls - so they want them to have sweat - that being said, every algo that I know is showing that we sort of topping here but just not going lower - not sure about Friday.
MB is a masterful carnival barker - knows how to play Wall Street better than most - he is an excellent distractor.
Herb Greenberg is typically right BUT only 9 months later - The Greenberg Effect is like the Whistleblower who found something totally wrong in the company but there is still so much smoke screens that it needs to wait for the smoke to clear.
either no more computer programs want to keep buying at 100 shares for $15750 dollars over and over again - risky - I would rather buy it for $14800 on Friday again - now, let's do the math, I am institution and helped bid up from 148 to 157 with an average cost basis say of 155 - I want to sell now with a 2.50 profit with 100,000 shares because that makes me 2.5 million dollars and then I want to buy it back at 148 and do it all over again - its a good day for some institutions - and that is why you are seeing consolidation here - I do not think it is consolidating to go higher but I could be wrong.
the 155 weekly calls are also active, but it has larger Open Interest going in today, and not as many added today, whererase the 150 weekly puts most of the 2900 puts bought were bought today - be careful out there - there is some institution or institutions ready to bring this down no matter how wonderful their report is being viewed - that is why I cautioned everyone to take profits today - Friday you very well could see this at 148 again. Which would make the 150 puts worth .10 c right now be worth 2.00 or 1.90 profit. Something to think about.
What he fails to acknowledge is not how well his company is doing, but how poorly the rest of the world is doing - this is one day spike - shorts covering and it will be brought back down. I advised before and I will advise again, best to sell this spike and pick it up again after the new year.