What does everyone REALISTICALLY think that the upside is with a good earnings report in a couple of weeks?
In the meantime, the MMs are trying to pin this thing down close to $60 and have been successful so far. If we get good earnings will they be forced to capitulate? (That would start a real short squeeze.)
I personally don't see how they can hold us under $70 with a good report and CC. My thinking is that we touch $80 either a day before or a day after the CC.
What does everyone else think?
Despite the lackluster (boring) trading day compared to the rest of the market (we flat-lined at 67), I like your analogy!
At some point the resistance will have to break and "the damn will runneth over." I suspect that will happen on or about the day that earnings are released later in February. (Or if some other catalyst materializes before then in the form of a press release.)
In the meantime, we'll probably just see more "slugging it out in the trenches" and little movement in either direction. But that too could change is we do get a technical breakout and shortie starts to run for their collective lives from the tsunami following them!
Does ALXN report earnings before or after the bell tomorrow?
Everyone should get a MF and SA login (they are free) so we can dispel negative articles in force.
They really do attempt to manipulate the market for their own purposes.
So, where do we go from here? Consolidation and pinning around $60 before the next run up? At what price point do you believe shorts will capitulate and we see a REAL short squeeze?
I would have thought we'd be up double-digits percentage wise after such an annoucement.
We seem to be in a holding pattern.
Where do we go from here?
Some investors are booking profits early this year instead of last year, for tax purposes.