Self-deception is a pretty game. Simple truth: they believe that the current price is NOT justified. If they thought otherwise, they would keep it until it gets them more money!
That's the simple message. The insiders know that the stock is not worth keeping at these prices; so they take their money and run. They'll come back when the price settles around $85-90. If you think otherwise, keep on buying. A fool and his money are soon parted.
I was too liberal in my response yesterday by pegging it at $110 (when it was flying at $128). It seems we'll see $95 tomorrow morning. Let's keep shorting, until KO buys the rest for $80!
Sentiment: Strong Sell
holywallst, we meet here again. Remember SRPT? Now, I also shorted YELP at $91.07, but I've covered. I made out with a mere $3600. I see it at over $100 tomorrow, as people are banking on the fact that YELP provides a service that people really use, and its earnings outlook isn't bad also. Look out. I'm long now, and I have very well-positioned call options.
I've joined them with two feet. I'm heavily in puts, and I have shorted plenty of this pig after signing Etrade's "Hard to Borrow" agreement. KO paid only $75 for 10% of this stock, and even with the premium for this alliance, I don't see how this stock should be above $90 now. Be realistic folks.
Sentiment: Strong Sell
No really. I see this thing setting at $110 in a week. After all KO paid only $75, less than the market price. I don't have a position in this one.
That one is certain. Just imagine those who shorted this stock since the $50 range; then imagine the goons who shorted just today.
There was massive shorting as this stock was going from $7 to $5.5 just weeks ago. I can't imagine what would be happening to those folks now. This must be deadly. A clear 100% loss in a couple of weeks!
Get this, and it is true. Most of it went to South Africa and Brazil. They're still being sold.
Now, tell me, how much did he leave on the table? At what price did he jump ship? Now what has happened?
That's the only reason that the DOW is down. I was so surprised that Rick has just realized that the economy is REALLY doing well.
Whatever you call it, it will be suicidal shorting this stock now, because BBRY is usually one of the last to report in any quarter. Since the expectations are high for the stock now, the best way to play it FOR THE MOMENT is long. Just my opinion.
I'm happy I bought back this stock. See what's happening now. TWTR is back after I bought it back! God is GREAT! I keep on saying that, and it's true.
The issue is not pumping. The issue is that the stock ought to be at $72 relative to TWTR. As soon as the profit-taking starts in TWTR, FB will regain its momentum.