BS. Listen on CNBC to Louise Yamada (highly-esteemed chartist and analyst). She shows how highly over-sold conditions are a precursor to a correction in the S&P. Yes, everyone doesn't agree with her, but she is an extremely skilled, esteemed and knows more than most of the arrogant analysts who work for all the big firms, who, in the end, blow hot air.
Note all the downthumbs. They can't face the truth on this board. The management IS the problem, and it is clearly proven by the horrid stock action, period, end of discussion.
No, I'm happy for the rise. But just a rise in front of your face is hardly news, as you term it. Nor does it mean come Monday, it won't fall again. You have nothing to support your thesis other than make a statement, which was your post. I'm not looking for "a technical concept to find in an investment book." I'm looking for writeups, commentary, something that would support a statement you made which has no basis other than that the stock rose on ONE day, after it fell every day this week, and is well below that it was on Monday.
Please. What a bunch of garbage. Do you simply ignore the steep stair step down pattern the whole week? And before that? Delude yourself. Oracle of Tampa, or Fool of Tampa?
This stock is like a curse. Look at the over 13M volume, way over normal; along with the close at the very low of the day. Day after day, nothing but the same. All their developments and hookups with China (I know China was down a huge near 8% today, but the drop in GLW kept happening before this on a daily basis, regardless of the "great news." This company, along with BABA, are the worst investments I ever made, and I have an unrealized tremendous loss. Then, I have to watch tons of other stocks just rise and rise. Would I have expected NKE to report so well, and go up, when it is overextended, and has gone up in a straight line the last week or so? No, never. How many stocks have missed revenue, and yet they go up? Look at Harley Davidson. This market disgusts me, and I wish I had exited to cash months ago, as now I sit in mental turmoil, trapped in stocks with tremendous losses. I didn't follow the basic rule - if it starts to drop, sell it, and take a small loss. A very hard lesson.
That doesn't make sense. When there are less sellers with low volume, that should drive the price up, not down.
Then why does the stock do nothing but go down every day, not just today with the China drop? I don't have money to buy more, and I'm getting close to getting into a Margin Call, because of this stock in particular. Thanks, Jack Ma for nothing.
Well, here we are 2 days later, and the stock is even lower. So, is there a bottom here? The charts don't show any indications of that, unless you go back two years, and I don't believe in that kind of chart viewing.
Can't buy anything, as I'm maxed out, and if market tanks, I'll have to liquidate. No way out here, other than shorting stocks, which I'm leary of. And, yes, I am very worried about being near a correction. I wonder if Icahn is continually stating this because he has tons of shorts he wants the market to drop to cover.
Vincent, you're right; it is not, but I believe still the rebalancing affects other averages, but I may be wrong.
This is what I would expect, as it goes down every day, showing it is being sold off with more sellers than buyers, and they seem willing to fill orders at bid, and then the bids see that, and reduce their bids further, creating a vicious cycle. I am living a hideous nightmare with this stock.