Since my post below, I looked thoroughly on Stockchartsdotcom at Symmetrical Triangles, and, more importantly Ascending Triangles (which are bullish). They also have an article on Ascending Triangles for these past days, and they do not see the pattern you see as bullish at all. Looking at a GILD chart, it does not fit an Ascending Triangle pattern. Compare the examples of Ascending Triangle patterns they show with GILD's chart, which, if anything, shows a return to the direction it was in before, which is down, not up.
See my reply to Stock_itch above.
Also, from StockCharts, find this description of a Symmetrical Triangle:
If, on the other hand, the resistance is stronger and creates a downtrend line - while support has formed a rising trendline, a Symmetric Triangle pattern forms. Here's a picture of that pattern:
The resolution of a symmetric triangle is much less predictable however it is usually considered a "consolidation pattern" means that it will break in the direction of the trend that was in effect before the pattern appeared."
So, if this is the "consolidation pattern" they describe, it will break in the trend direction before, which is downtrending.
I know you can't paste a chart here, but could you gives the dates, the prices, and the lines you drew to get this triangle? Would be much appreciated.
Are you sure you know what you are talking about? I bought AAL because they were one of the few that did purchase fuel on contracts when it was cheap.
This rumor was probably spread by dishonest sources. As others state below, it's NOT going to happen, nor would BMY have any interest whatsoever, even if GILD was foolish enough to pursue taking all of their large cash reserve, and go into huge debt.
I'm SO sick of MASS SPAMMERS like you who are paid plants, or employees of PennyStock and other such sites. Click on your name, and there are 3 pages of your spam for them.
helenask & leeharold, be prepared to be raked over the coals by the relentless FB groupies on this board that show their mental problems on a regular basis. Any truths that they don't like, and all they do is call you every dirty, filthy name in the book. And call you a short. You both are, I think, new or infrequent posters, so you won't get the wrath and evil that I do. Watch my post and see how many downthumbs it gets. Click on my name and read the severe abuse I receive. But, I just dish it right back, as I won't allow abuse by brainf----ed, messed up individuals who think they own this board
Yeap. And those with a brain, of which there are few on this board, see the gap and know gaps usually are filled. Getting down to 100.47 today shows that the push towards that gap was there. But those in la-la land are simply reveling about the whole market turn-around today (what will it be tomorrow, or Weds?) that pushed the stock up to a paltry 104 when it was up to 109.87 last Wednesday.
You simply are wasting time trying to argue with all the demented posters on this FB board.
Good,. You just showed how meaningless YOUR posts are. It seems your mental ability can even read, since you have no comment on the relevant infromation that I "cut and paste." Maybe Mommy can give you an enema tonight from both orifices - you certainly need it.
It was LUCK that the market turned around, sucker. Take your own nastiness and turn it on yourself where it deserves to go.
"...you seem like you didn't pass the 8th grade....Look it up dummy." Mako, take your filthy potty mouth and stick it in the toilet, which is where it and you belong. 8th grade? Your development level never got beyond 2nd.
Further, look the rules up, dummy. From Martindale.com, the largest legal networking and information organization, which dummies don't know about, I quote:
Flexibility May Have Been Abused
According to a study by Assistant Professor Alan Jagolinzer of Stanford University, sales made by insiders relying on prearranged trading plans "tend to follow price increases and precede price declines generating statistically significant forward-looking abnormal returns." Dr. Jagolinzer's preliminary study found that sales under prearranged trading plans outperform the markets by an average of 5.6%. Previous results indicated that sales by executives without such plans actually lag the markets. Dr, Jagolinzer also found that 10b5-1 plan participants terminated their plans right before good news more often than would be expected without advance knowledge.
So, has manipulation of 10b5-1 plans been statistically proven? Dr. Jagolinzer will only say that he has identified an "empirical pattern." In contrast, the SEC considers these findings to be a bright red flag. In March, the SEC's Director of Enforcement Division's interest in the study, saying "We're looking at this — hard...We want to make sure that people are not doing here what they were doing with stock options. If executives are in fact trading on inside information and using a plan for cover, they should expect the 'safe harbor' to provide no defense." Subsequent articles in Business Week and The Wall Street Journal have compared the situation to the stock option scandals and suggested that this may be the "next big wave."
So, Mako, take your venomous drool, catch it in a cup, and drink it.
We were are with the indices not bad, and this falling knife is now down 3.5% MORE, after the huge two day drop on Thurs. & Fri. It's just hit 100.45. And you all think it's a bargain. Andreeson sold his shares for good reason, but you're all too blind to see it. You simply parrot what the analysts say. Will you parrot them when they whimsically change to a lower price target?
Thanks for your insult. Shows what your character is. I'm hardly lost - try looking in the mirror and drop a penny in your piggy bank each time.
Everyone's ignoring the article about all the insider sales, all conveniently at the recent highs, from the big shots at FB, AAPL, GILD. I wrote a post on this and gave detail, but nobody on this site cares, so I give up on getting through any heads on this board.
To add to guy11288 comments below, look at the horrid economic numbers today in GPI & Business Inventories, coupled with a 2nd down day of over 200 points on the Dow.
In addition, an article came out at 6:21pm Eastern by Investor's Business Daily:
Facebook, Apple, Gilead Lead Insider Deals.
It details how many insider shares were sold mostly between Nov. 9 - 11, and include other companies like FSLR, STZ and others. I looked at AH prices in FB, AAPL, and GILD around that 6:21pm time, and they all went down considerably. In our FB, the price was plus/minus around 104 until at 6:28pm it fell to 103.06.
This was after a close of 103.95.
Down from Nov 12, Thursday's close of 108.02.
Down from Nov. 11, Weds. close of 109.01 (high of 109.87).
So, that correlates with named Insiders selling right at the high on the stocks, knowing they were going down.