Look at COPPER!!! Its been a great indicator and its falling. Is PCLN going south soon? Sure looks that way. When market does correct there will still be a premium for PCLN, but maybe 15-20x. That's a $780-$920.
You should not care what others think anyhow. I hate that word basher. Sounds immature. In this market you are either long or short. No room for the term "basher". I personally think your dead on, but this market is not a logical one. Just look at stocks like Netflicks and Priceline. Pure insanity...Fundamentals do not mean much in this market. Most decent value stocks are dead, even the ones trading at less then 5x earnings.
Sold at $7.40 pre-market. I believe even though the market seens to be turning, I think I can still get it again for $6.66-$6.84 on another dip, before it makes it real move back-up. I have always been told to evaluate the economy...evaluate commodities...mainly COPPER. Copper stocks are dropping big time. I know I have CHK, and TGB. God I hate TGB, but I listened to an analyst pump it and it sounded logical at the time. Now I am short Copper.
Short or inverse funds TVIX, SPXU, and PSQ were all up today even with the market up. Its rare. Either they are setting people up for Thursday, or the tide has slowly changed. We will see tomorrow.
They should take all hydrocodone off market. I bet the makers of Tylenol are mixed up in this somewhere. If ZGNX finds out they are hopefully they will file a lawsuit. (If they can)
Gotta love it. I was thinking the same thing. Time cook needs to be cooked...right? You would think that seeing what happened to RIMM, you would think they would never run out of products to release.
I remember when Goldman Sachs got caught doing the same thing. Either they were pumping and dumping or -VS-...Maybe its a J-thing!!!
This time they just did it to an extreme. They made a few bucks last time, so they knew they could jack it up past $8 this time. It just gives it more room to drop. I would like to see Schwab's short position. They rated PKD an "A". With the exception of last quarter, this stock has always bombed after earning since I tracked it and S and MF have also massively pumped it. I would love to see both of there short positions with PKD!!!