Its a public message board and he is entitled to his opinion. Why take it so personally? Just don't read what he has to say.
I was referring to Level 3 quotes and what orders were in the queue not pre-market trading. Do you guys actually read what people write or read what you want to read?
If you read my post I was referring to level 3 bids and ask in the queue not pre-market trading.
Could see no big buys in the queue and dropped it to the test the 100 day. It needs to hold this level or there could be a retest of 200 DMA. I am long hedging with calls.
Short term the stock will repair itself back to $40 and trade in the 38-40 range until next earnings or a major announcement. The options premium on this stock are very high so hedging a long position with options at $40 could be a good strategy.
The stock is breaking out of a trading range, increase share buybacks and dividend, new product supporting...
The stock is obviously breaking out of a range now, but since you have no 'skin' in the game(lol) you have nothing to worry about......
I agree it is not precise and 100%. As I said I use it as one of my tools. If the stock can hold $34 its a good sign.
The selloff wasn't irrational if that was the case the stock would have gained back a lot of ground. Guidance points to slowing growth.
Look at what happened in June 2000 when the shares hit $80.
that was deep. Instead of attacking people, why don't you give your opinion on why its trading like it is?