As I've posted many times on this board, the drop will be quicker than the ascend. This is yet another example of a classic pump and dump - just as I've seen several dozen times in the past 20 years of my experience. For those who are long here and didn't sell yet, consider this the cost of learning what a pump and dump scheme is. You can still save some money by exiting tomorrow. Or, hang in there and write off your entire investment when it goes down below $1 next week.
I think $50 per share is generous for TSLA. He's an idiot! TSLA is worth $30/sh max.
Ackman is spelled: E G O M A N I A C!
He bit way way way way more than he could chew. Wait for the shareholder lawsuits for breach of fiduciary duty which are imminent.
Case in point on GTAT - just Thursday in the Lightning round a caller asked about GTAT - his response was that he thinks this is too hot and wouldn't touch it now. Then Friday he's recommending GTAT?? IMO he's just another momo trader. He likes most of the companies which are catching a bid on momentum (like CMG) and he dislikes companies which demonstrate technical weakness. I don't put much faith in his comments. But I know he has a large following who react, albeit short-term, to his comments. So accordingly, GTAT should start well on Monday!
This would impact the entire advertising market. I would bet on the biggest and strongest to be least affected. Hence, YNDX is even a better bet than in normal market conditions. The weak companies would suffer the most or close shop - Better yet for YNDX!!
Agree!! When will people learn the game of Pump and Dump?? Poor lemmings keep giving their money to WS crooks and then wonder what happened. Well, this is a chance to sell and limit the loss or lock in the gain. This thing is going back to $40s next week.
Someone call Mad Money and ask Cramer what he was smoking when he was pushing ZU at $73. He is losing fortunes of small people - Thank goodness I always do the opposite of what he says.
The salt on the wound is that shorts have to cough up the dividend payments for the shares held short. That's a steep price for holding on here!
Curiously if someone read the business profile of CMG and that of AAPL, and then had to match that with the PE and valuation granted by the market, could anyone really argue that AAPL is the one with a 13 times valuation and this bloated burrito stand trades at 55 times?!!
Alternatively, you can stick your head in the sand and hope that BLDP or PLUG can go higher after this spec explosive move up. If that's the case, good luck~
Will do my friend. Unless of course it drops back to $3 within 2 weeks which is what the charts show and I expect - but fear not I will stick around just to say hi in 2 weeks.
"chaindwrist"? Sounds like you were in with the homeys already! not sure what you mumbled but I plan to buy back for sure - after the inevitable, painful and incredibly fast drop.
There's another saying, Isaac Newton: What goes up must come down
So looking at the 1 year chart, can you or anyone else tell me with a straight face that this move will hold?!!
Actually I haven't taken the loss yet as I am still short and will stay short until CMG has to raise it's prices to keep margins going - at that time, the stock will come back to earth and trade at a PE of just 40 - that's a 50% hair cut!!! I hope you take your profit and buy an education so you can spell "he's" correctly. LOL