If you lend any weight to analysts' target prices, some are suggesting 800, 900 and God knows how much for this one. Now if you're just talking about their timing, that's another story and argument.
Get back on your meds, get some bed rest and call your doctor in the morning.
Bezos has spent a lot of money growing this business and considered earnings per quarter to be secondary to future growth - it's starting to show the wisdom of his strategy. The foundation he created has given AMZN the POTENTIAL to grow into huge profits in the upcoming quarters and years and that's why the high PE is disregarded. Kind of like TSLA and a host of other potentially higher earning companies. It may not make sense to you but that's how it all plays out.
You're right about the large swings but wrong about the HOD and LOD. It didn't reach either level. The bears never gave up keeping it down and I will give you that. As for defending it, only the big shots at CELG know whether or not tomorrow's ER is good or bad and we all have to wait on it. There seems to be a lot of analysts who are bullish on it so it's not a given like you suggest that it will disappoint. Now give it a rest.
Powerful forces out there kept it down most of the day then when it got back to even they drove it back down 1.40 in about 20 minutes. Now that's bearish commitment. We'll all find out tomorrow morning if they were right or wrong, won't we?
In the last 1 1/2 hours of the market, NKE managed to go from 60.24 to 59.62. Just folded its tent and gave up. Pathetic.
The bears will not give up controlling this stock. Tomorrow, UA and SKX both report earnings and if they fall short, look for a pop by NKE.
Friday's action: 7.88M shares traded and it moved up ONE PENNY! If that isn't a sign there's stone cold resistance, I don't know what is.
Not too much lovin' going on right now though. The selling is relentless at all levels and $60 seems to have a wall erected in front of it. Got to get past the negativity and passive markets to see any more gains. Stories like that stupid tweeting battle going on between current and ex-employees of Nike don't help the cause much either.
much present and hasn't slowed down any. Once most of the fearful and weak hands have been shaken out, we can expect higher moves up. Could be close or weeks away.
I'm now guessing the central bankers around the globe causing the currency fluctuations are playing hell with Nike's exchange rates thus continuing their problem with margins.
Stock remains an enigma - just when it looks like it has found support, it breaks it and then you're back to square one. The trading gods must be mocking us longs.
This stock continues to be under selling pressure even on rare up days. Must shake off resistance at every level and start acting like a normal stock. Too many folks looking at it negatively.
and it's probably based on the foolish sentiments out there like overvaluation, the dollar, competition fears, etc. The next quarter has built in fears too like poor ERs, the Fed, yada yada. Fundamentals are taking a back seat to every imaginable fear.
Barring a severe downturn in the general markets, the most probable direction is UP but don't ask me to guess how high. Being long, however, does make me somewhat biased.
As usual, a company reports one piece of info that doesn't fit the narrative of the analysts and it's spanked real hard. Wednesday's action in the regular market will give all of us a much better idea as to how the news was received. The AH action today may end up being overdone.