Going to be a REAL UGLY day for shorts on Friday! They better hope there isn't another announcement before the open! Don't sell folks, it's going much higher in 2014.
Sentiment: Strong Buy
Vanguard Group & BlackRock both still accumulating on weakness. Obviously they know more than the 2 idiots who keep posting here every 5 minutes...Chery & Stockman. Ignore those 2 and pay attention to what really matters...Large Fund Accumulation and Insider Buying on weakness!
My guess is the stock will bottom somewhere around $11.30 within the next month. That's still a 200% gain from only 5 months ago! What a manipulation job the brokers did on this one!
Professional shorts and hedge funds are moving in for the kill. Sad to see them take advantage of clueless amateurs, but that's what they do. Let the buyer beware!
Retail idiots are starting to lose their money. This is most likely just the beginning of the huge downturn to follow. I'm surprised the brokers aren't upgrading just so they can sucker more clueless idiots into buying their inventory. When the 100 share lot buys dry up they will dump this thing so fast it will make your head spin!
That's exactly what CNBC and Bloomberg was reporting yesterday. No FED taper means weaker economy. Who would buy jewelry when they might lose their job and are having trouble paying their existing expenses. Interest rates rising and Congress still in gridlock. Don't think a visit to Zale's will be a high priority in the next few years!
Volume is really falling off. Institutions and professionals are selling small lots to Ma & Pa retail investors convincing them that there is value in the $14-$15 range. You and I both know that is BUNK! The 300% run-up was a joke over the past 5 months. The institutions will eventually take their huge profits. That's a given. They will crush the small investor idiots buying at this level!
Only an amateur investor/trader would even think about buying this piece of junk at $14.50. At the very most it's worth $9, if that! Hard to believe momentum traders risk buying stocks that have had 300% run-ups in less than 5 months. The pain will come eventually when the downside volume kicks in!
The BIG question is; when will this stock collapse after an unbelievable 360% run-up in the past 5 months? Hard to believe any investor would put money into it at this point! Losses, HUGE debt and a very questionable economy with many strong competitors. I don't get it!