Just before RIMM (now BBRY) began the downward spiral its big heads felt so confident that they refused to change anything in spite of the handwriting on the wall. I watched Tim Cook this evening on Cramer's "Mad Money" and his responses reminded me of RIMM. Unless AAPL innovates, I see the stock at $50 by November. Now that I have said this, let the fan boys rain on me with the red ink! It won't change the truth.
I believe GOOG will be up $40+, AMZN up $80+, LNKD $25, etc. Watch out.
MARKETWATCH: Yahoo stock price target raised to $49 from $40 at Oppenheimer
Apr 20, 2016 10:38:00 (ET)
You're trying too hard. If you have a short position, this is the best time for you to cover. People thought that YHOO will be down $3 to $5 by now, and it is up. By morning you won't find ground to stand on. Cover now.
And then see the naysayers begin to scramble this afternoon.
You beat me to this post. Two April 15 call options trades at $40 and $37 and the 2m+ trades at the close CONVINCED me that tomorrow is the day. An announcement tonight or in the morning. Just in a flash the volume for the $40 calls went from 2238 to 3038, and whereas the bid/ask was 0.02x0.03, the buyer plunked down $0.05 to make sure he/she got it. Only an insane guy will buy 800 calls that would expire on Friday that way. Same thing happened at the $37 strike. If I'm wrong about this, I'll eat my shoes.