That article is an opinion piece about Uber, and the assumption would be that people will buy fewer and fewer cars over time - which may well turn out to be true. But even if it turns out to be true over time, we're talking years - perhaps many years, not months, and since TRUE only addresses about 5% of the market at this point, I'm really not concerned. I do know that auto dealers who have no agreement with TRUE (for whatever reason), are scared - they're suing TRUE to try to stop them, and if TRUE wasn't doing a bang up job, they wouldn't be suing. TRUE is a long term hold; they're changing how people buy cars just like Apple changed how people use the telephone - and look what happened there.
So, TRUE is going to cut their own throat, eh? Right. It's those "middlemen" that provide their income. Ford, et al are not going to do it. What you're talking about is corporate Hari Kari, and I'm pretty darn sure they aren't about to do that.
The spreads are horrible; that's why you might see large jumps from one price to another; everything is done with limit orders. Go to Investipedia and look up after hours trading.
Okay... It was 3,633 shares, which isn't that much for TRUE in after hours.
17.49 Change. +0.43 +2.52% Volume 3,633
Because the bottom has been established. Also, TRUE went up further during the day today than it did after hours. I'll check on the volume.
The "smart" short money would have put their limit at $6 or $6.50, and the "not so smart" short money is covering right now, pushing us up past 4% into nose bleed territory.
I'm an AAPL long (since 2002), and I just put in a limit buy order at $11, hoping to fill premarket tomorrow.
There was another purchase: one more insider bought shares yesterday dietz director at True bought 2000 shares @ 17.62...
We did. CEO bought 70,000 shares on the 24th. That's was the rocket fuel we needed to reverse the momentum.
Which means he just put in a bottom on the stock, which will certainly make shorts pause and rethink their positions. 70,000 is a fairly round number, which means to me that he may be capable of doing it again.
The CEO bought 70,000 shares yesterday at $17.53 each. I have the link, but when I posted it before, Yahoo evidently erased the message.
2/24/2015 Scott Painter CEO Buy 70,000 $17.53 $1,227,100.00
You seem defensive and rather angry about Apple, which has spilled over into being defensive and angry at me. And all I said was that Apple is making computers in the USA, which is pretty cool. Nobody else is doing it except for a few huge mainframes every year made by IBM up in Fishkill NY. Not sure why you hate Apple so much. Cheer up, life isn't so bad!
TRUE is going down for the simple reason that it started going down and then momentum took over. This is not a huge company with a large float, so going up OR down is often just a matter of timing and momentum, and it sometimes has nothing to do with the company itself. I believe that right after the earnings report a large enough holder decided that there just wasn't enough immediate upside for him/her and started the selling. Nervous investors and traders followed suit, and the rest is history.
Now we're all waiting for someone with deep enough pockets to say "this looks like a bargain" and start the buying. Then it will go up, but not as fast as it came down. Which will give us all time to see what we want to do. Personally, I hate any stock I own to go through this, but I do know it's an opportunity, and I will grit my teeth and buy more in the next day or so. When Apple when from $120 to $86 (pre-bigsplit) I bought three times on the way down, and I didn't catch the bottom, but I'm not sorry at all.
My oh my... yes. Assembled in Fremont, but the "Made in USA" sticker only goes on products that are assembled in the United States. Same for every other country on the planet. Dell can't use that label, and neither can HP. Tesla can say it. Apple can and does. And by the way, Ho Chi Minh was Vietnamese, not Chinese, so you REALLY don't know what you're talking about.