Market makers play these games to steal your shares. Trust me, NVAX is headed a lot higher than $5.50 in the days and weeks to come. Ebola will be in the news for a long time and, unfortunately, the story will only get worse, not better. A vaccine is needed and traders will continually go in and out of Ebola stocks trying to catch lightning and then get out. However, NVAX is a keeper. Ultimately this is a great buy at this price. It may head lower short term but it will definitely go higher as long as their clinical trials proceed as scheduled.
With elections coming up on Tuesday, the liberal media is a pawn to give the Dems the best chance of winning. Ebola? What Ebola? Never heard of it. You'll hear about it again after the elections. It will suddenly re-emerge.
I bet if you check almost any stock, it had heavy late volume. Friday was quadruple witching day, it only happens 4 times a year. It is the day when the monthly and quarterly options expire at the same time.
When I used to trade AAPL, it went down 70% of the time on Friday and up 70% on Mondays. Apparently options pinning manipulation still happens here, it was in full force on Friday. If the markets are green on Monday, I expect AAPL to have a very good day. Probably a good week too, the most money I have made from AAPL is during holiday weeks like Thanksgiving when the manipulators are away on vacation.
The likelihood that AAPL will raise guidance in early January is growing and with all the buybacks, this should easily be the best quarter in their history.
Andrew Gordon CEO bought 10,000 shares on Oct 13. SEC filing just came out today.
I'm not about to go through old filings but I distinctly remember when Andrew did an insider buy, the stock price always soars higher within a couple months.
High 5's to the longs. He knows good things are about to happen around here.
No, that is not what he said. He said XOM could handle prices that low, but did not make any price predictions.
I know nobody believes me and I don't care. FPP was under manipulation starting May 22 2014 and it is continuing to this day. The manipulation to drive the stock lower happened weeks before oil prices started falling. I concede that FPP would have fallen anyway due to falling oil prices but FPP is falling much faster than other oil companies and much faster than the price of oil is falling.
In my estimation, the ONLY reason someone is purposely losing money to drop the stock price is to buy the company OR buy a substantial number of shares at a bargain basement price.
As such, here are the steps I would take as management:
1. Announced a buyback. The manipulation is happening on very low volume so it's not costing someone a lot of money to drop the stock price. A buyback would generate buying interest from the public but would also make it more difficult for the manipulation to continue dropping the stock price. And, management doesn't have to buy back the shares, but they should announce their intentions to do so.
2. Complain to the SEC and FINRA. Management complaining about manipulation holds a lot more weight than the public doing so.
3. Force a replacement of the stock specialist. There is only one stock specialist creating a market for FPP. It is either he or someone that he is working for that has a vested interest in dropping the price. If company A wants to buy FPP, they can approach the stock specialist and pay him $500,000 illegally to make the stock drop 40-50% so company A can buyout FPP for $10 million less than it was
4. Get listed under NASDAQ instead of AMEX. This is related to number 3. FPP currently qualifies for a listing under NASDAQ with perhaps the one exception of having 300 shareholders. Other than that requirement which they may already meet, FPP qualifies with every other listing qualification.
I have watched FPP drop straight down for 4 months and I said manipulation had started 2 weeks before it started falling.
JVA has a licensing deal with a company that is building 6 coffee shops in China by the 1st quarter of 2015. It won't be a huge revenue boost initially but it is a positive step.
When Cramer bashes, my guess is he's doing it so his hedge fund buddies can buy at lower prices. It's kind of like when Goldman Sachs issues a very public price target, it's usually the opposite of what they expect. it's a good opportunity for their biggest customers to get in or out doing the opposite of what GS tells the public to do. If cramer is negative on nvax, you can bet his buddies are buying everything in sight.
I have a very good feeling based on Andrew Gordon's first insider buy since 2005. The only other time I had that feeling from an insider was a few years ago when a CEO of a small medical equipment company that he was in complete dictatorship control (similar to Andrew) did a very rare insider buy. Two months later, the stock rose 75% in a single day based on a contract win. I acted on his buy but not as much as I should have. I just had this feeling inside that the CEO of the medical company did a rare buy based on insider info and it proved to be correct. To me, Andrew's buy last week was the first time I've had that feeling since then. It may be nothing. Andrew may just feel that the company is undervalued. However, something more substantial may be behind it. Maybe someone wants to buy the company, or GMCR resumed their normal buying, or Andrew thinks coffee prices are headed a lot higher. It may take a couple of months for whatever he knows to be publicly announced. I'd like to see another insider buy as well just to bolster my intuition.
At any rate, if I just looked at earnings and had no idea what the current stock price was, I'd guess JVA would be trading around $8 or $9. Curious to see what happens here, I think it will be good.
Someone slammed the stock at the final second of trading for the second day in a row. Dropped it 2% in a single trade today and did the same thing yesterday. I'll see the closing trades in a few minutes, it was probably 100 shares that did it.
It was just reported that hedge funds have taken their most bullish positions in coffee in 6 years. While coffee prices have fallen over the past week because much needed rain is on the way to Brazil, this is yet another drought they have endured this year. The damage to 2015 crops is unknown but people are starting to look to the history books for other disastrous years to the coffee crops.
I'm still curious why the CEO just bought 10,000 shares last week, the first time he's bought since 2005....especially since he divested shares earlier this year.
Hedge funds know much higher coffee prices are coming. Andrew Gordon knows something good for JVA is coming. This is a great time and price to accumulate JVA.
Wall Street will always do the opposite when too many people get on one side of the trade. Even if they have to rig the inventory reports, oil will find a way to rebound.
I cannot believe the morons that trade this stock. What it looks like to me is someone placed a sell order and accidentally made it a market instead of limit order. That in turn tripped limit sell orders and caused a cascade effect.
This is the SECOND time this has happened. The other time an idiot placed a market sell order of 60,000 shares one minute after the Malaysian jet was shot down over the Ukraine. Yeah, that has a lot to do with coffee sales.
Do me a favor, people. Before submitting your sell orders with JVA, make sure they are LIMIT and not MARKET orders. You guys are throwing money away when you do this and this stock doesn't recover from your mistakes.
JVA drops 15% to $4.60 on 20,000 shares at the opening bell. 10 minutes later, it goes to $5.48 and someone has a bid to buy 8,600 shares at $5.47.
Something extremely strange is going on here.
Spiked at the end of September 2013 into the first week of October when it peaked. Looks like a repeat performance. I expect VXX to keep climbing for another week or two before the markets stage another rally. For the next 2 weeks, VXX is the investment to own.
I wouldn't get ahead of myself. This market route could turn into the big one, especially if something in the news becomes airborne. The way the market is acting now, someone could announce a buyout for JVA at $10 and it would only trade at $8. Proceed with caution, this market looks dangerous.
This is a good thing (if you want higher oil prices). They were the #1 AAPL basher when it was $500 ($70 pre-split) and their bashing of the company was relentless. Everyone on their shows were anti-Apple and they would tear the company apart daily. Look what has happened since. It's one of the reasons I stopped watching them, they have a self-serving and completely biased agenda. And Dennis Gartman is the biggest fool to walk the earth.
Markets never behave so predictably. Just when everyone plays oil to drop to $70, Wall Street will find (or fabricate) a reason to reverse course and send it in the opposite direction.
Today looked ugly but the result of elections tomorrow night could change oil's momentum starting on Wednesday.
My guess is it was an errant trade. The trade was placed at 9:31:00, 1 minute after the market opened. JVA ALWAYS has the widest gap between the bid/ask at the opening. There is not a worse time to place a market sell order, especially when the market opens deep red. I'm sure there were stop loss orders that triggered as well, exacerbating the selloff. As I noted earlier, 10 minutes later after the stock dropped to $4.50, there was a single buy order of over 8,000 shares at $5.48.
It can happen. On December 1st, a yet unnamed hedge fund mistakenly placed a large market sell order on AAPL causing it to drop 6% in a single minute, losing $40 billion in market cap. It was meant to be a limit order.
What happened to JVA this morning wasn't an overly large order. The volume quickly escalated to 20,000 shares but that was probably because of stop loss triggers and other people jumping in and out trying to figure out what the heck was going on. It's just that it happened right at the market open when the bid/ask spread is very wide and the buy orders hadn't even lined up yet. It could be manipulation but my guess is someone just mistakenly messed up their sell order.