on 10 shares out of nowhere
Good luck with that over 30 PE for financial company. Have to triple earnings to justify the price
As logical as indexes rallieng on negative -2.9% GDP "growth" and this number is as false as they get
If economy is so strong as you say why did GDP print negative first quarter number despite trillions of fed stimulus and change in calculation which now includes profits from #$%$?
Up 1.61 and going strong haven't seen anything like this did this site Trading_Ideas LLC had so much power that by Just naming stock Barbarian at the Gate cause 2 bln jump in market cap in a day
Sick of this already
Taking up on no volume this overvalued piece of garbage... I guess there are many shorts like me to punish...
Question is really?
Do you beleive in this BS numbers goverment puts out for you? 110 million americans of working age are out of work for gods sake? 1 Q gdp was just trimmed to negative by criminal organization GS. (Take out stimulus and Economy is down 7-10% YoY easy).
China's PMI is below 50 for 6 months and they still project 7.7 % growth YoY something just doesn't add up.
And remember we will have 0% unemployment if everyone falls out of Participation.
Which is very unlikely they are still grossly overvalued for Financial company... Take out Fed printing Money and Economy crashing and it could see 15 before it sees 35
This vertical upward moves out of nowhere based on nothing are simply sickening...
Not covering until this reaches fare value which is one half of current price in best case scenario
Still doesn't justify PE of 30 for financial institution - I would give them PE of 12-15 with price 12-16 that would be fair. I must add this is upwardly manipulated Piece of Junk couple of hedge funds are playing for last 18 months... With momentum ignition there are so many open gaps this is scary
What a BS economy we live in?
Sounds about right...
There is nothing else behind this company... with laughable 70 cents forward earnings valuation is simply ridiculous... And you can see couple of Hedge Funds are just playing this stock up every attempt to drop is met by relentless buying wall ... Just look there are 20 cent vertical jumps every time this drops 10 cents... It's like no matter what somebody defending share price by all means
Who cares!!! goes up 50 cents with no effort or resistance... every time it tries to go down WALL of buying takes it up vertical...
Heavily shorted for reason but some deep pocked just exploits situation. Fare value 8$ but this is not market any more this is BS it's same as amzn trading at 400
As soon as seller was gone somebody who recently moves this stock up in unprecedented manipulation immediately took advantage and erased all loss on 1/10 of shares that produced it