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!!!
FO's and HF's do not care if they lose it. They just leverage it to another garbage security with a false NAV. Derivatives gambling is this market...right? No need for economist anymore. They are a thing of the past. Almost all reports about economy were sub-par, yet the VIX still went down. This is a money game, and that would be fine if it wasn't borrowed money they will not have to pay back because it our MM money...right?
TVIX is in a transition period. For 3 days now it has hugged the 7+ change, even with stock market being up and VIX down. Also strange that VIX is up today. I wonder if regulators are watching Inverse funds and doing the math. Better yet, causing the reverse and hopefully the buying.
Why does Gold have to be up for stock to be up? Isn't it all about what they pull out of the ground and not what Gold is trading at that day. This should be proof that PM miners are useless. They have had years to boost there balance sheets, but its not about that is it!!!
Schwab successfully executed another P&D. Rated an "A". PKD missed again. With all chances, I only remember them matching other analysts "one" time. Now that earnings is out going back to a "C". Its like clockwork.
Buddy you may be sitting on the ban wagon, but your nickle did not cause PCLN to go up one dime. Going short was fundamentally right even at $650, because that would have been the normal 15x earnings. Unfortunately a handful of stocks have been given a bank/hedge fund pass to go much higher then their worth.
They are linking up to take total control of certain stocks. They have always done this, but now they could care less about fundamentals. Eighty five billion a month can buy any direction for any stock to go anywhere. The FED has created a type of organized control of the market. Actually Netflicks is more insanely traded then PCLN. Its not trading its big money pressure tactics.
Where does economics figure in here. All day long CNBC will state the markets going higher, and other half of the day its going lower. No one really knows, yet when it does correct it will be a bIg one!!! Its all an illusion...
What do they do? Do they pick stocks with steady growth out of a hat? Momentum stocks are just that. They are stocks with elite rockets attached. They take off really fast until they pre-determined fuel source runs out of juice. I do not want to be there when it does.
Its in the Goldman Sachs approval realm last time I checked. It will go up until they say otherwise. This market is a complete scam against what we were taught in basic economics. Fundamentals for this market is maybe 15X. PLCN should not logically trade past this point. I remember when stocks like this were barely making it during good economic times, PCLN is blowing away the numbers in a poor economy with extreme debt. Can someone explain how this happens?