They did the same thing with twtr and goog. It is fun to watch them manipulate the trades to hit the number. Took many years to figure it out but I don't get burned anymore. They tried a head fake on google to scare the 1065 guys but shookem out and ran it to 1070. The calls doubled in the last five minutes. Nice 110 percent gain during the last few minutes. AAPL should hit 52 week high next week and make a run at 580. GL
It did indeed hit 3.54 on that date and really its no big deal, the fact that things have progressed nicely since then coupled with the high recent volume indicates to me that.... in fact there will be some resistance at this level, once driven through, it will act as support and should propel us to new highs.. Multiple option buys the last few weeks is also a good indication that by this Spring investors are looking for the news to be rather good. it could fail at the 3.50 level, but watching biotech lately, OXBT for example and KERX for another, the move will be quick and violently UPWARD once it clears.. Hand on enjoy, maybe this will be the start of a long upward track. GL
How did u figure 60 percent of float was shorted when they short into an uptick in goes back down?
sorry, not this week, not this month. probably 15-18 months out and at a much higher price.... 50-55, pennies to the two big boys of checking them out.
Why would you do that? Company is awesome on its own they don't need people making things up for them... or was it just for you You lose credibility when you spread falsehoods.
On the other hand, the MM could be trying to shake out the weak hands before letting the stock run to new highs. Everybody knows this company is in the sweet spot and its just a matter of time before the buying starts. Remember, you can't fight the tape and if the market is preparing for a correction then everything will be sold.
The breakout technically failed....lots of volume and sold off ever since the open after earnings. Never even got close to the highs after hours. If we don't have a reversal soon on big volume then it will take another great quarter for the street to realize that this company is real competition for IBM and Oracle. I wouldn't be suprised to see consolidation here for a few months then either a breakout to the highs or a possible buyout. The market cap is chicken feed to the big boys. If we break 25.24 today then I see us heading lower in the short term. Like I said, very positive long term, but looks like short term pain. GL
Relax guys, insiders own plenty of stock and profitability is still a ways away. If you look at the technicals, this move up was on great volume and I see it breaking above 5.65 in the short term and a possible test of the 52 week high this fall. Any new exciting news could push us up close to 8-9 range and then who knows after that. Longtime believers have been accumulating for years and will be surely rewarded given patiience. GL
I agree, they should either warn next week or just announce a disappointing quarter in Sept. Volume is down and people are continuing to switch from over night to 3 day delivery. Don't think the profit margin is as high. In addition, the government is now supporting the post office to battle head to head with ups and fdx. They won't be able to do it, but it is still an ominous signal. Sold around 110 think we'll see 100-105 soon and maybe into double digits. Once it breaks 107.40 then it falls to 105, if that happens before they warn then we could see 95. We will see soon enogh. It is definitely be held up in this market, nice observation.
Cliff is the better company, has better managment and debt is financed at better terms; however, what is disturbing is the fact that no CLF insiders have stepped up to buy their stock. This tells me that met coal has more to fall resulting in lower prices for both stocks. Interesting that the WLT insiders have actually ponied up quite a bit of cash after their disappointing news in early May.... no buyout would follow in the short term due to the fact that they would proceed directly to jail w/o passing GO, yet 6-9 months out a buyout could happen without much backlash.... mid 20's would be the best price at these met coal levels though. When the CLF insiders start buying, then a turn in pricing will start. GL
All the smart money left long long ago, only folks left are the guys that bought recently between 17 and 21 I guess. Those guys probably are trying to catch a falling knife and you know how that works. Next week volume should dry up after this 10 Mil day and the selling should lighten up. Looks like they want to push it to 15 by EOD.
There is no buyout, those guys would go to jail if there was one within 3 months of their buying. But, either they are really, really not bright which many of you think, or something is brewing that they are excited about and it's right around the corner. Don't know what it is but I am confident that sometning is planned, buy back, refi, new credit line, layoffs, new business, etc to drive these guys to throw good money after bad. They didn't buy all the way down... they waited and sprung to action in the 17.50-19.00 range. These downgrades at the bottom really is piling on... The bottom should have been put in yesterday. We will see.
this is not a pump and dump you dope, the market being down almost 200 and going to fall much further is holding this down.