That statement was not meant for a massively corrupt market in which we associate ourselves with. You have to admit if you add up all the facts and look at the overall fundamentals we are due for a LARGE correction soon. If you are young, then I would say go for it, but someone my age cannot afford to go all in at this point...Good Luck!!!
Actually inflation is here as we all can see at the grocery store, yet there figures still show it under control. Gold also cannot continue this massive manipulation.
I cannot even think of another lie they can come up with. They are already showing an average of 4% lower revenues on earnings reports, yet they are edging out hitting there numbers. They will not be able to do it going forward. Inflation is coming...with or without that rate hike.
You have b*** holding stocks like Coach, but they continue there trek higher...BUT if we have that correction they will be hit the hardest... Good Luck!!!
I disagree, maybe low 3's. Unless most analyst are lying there is value in ALU. It was $3.60's before the sham and I expect it to base around there. If we have that correction everyone is talking about, you are correct...I believe it will see 2's.
Are you factoring options expiration. Below $4 would blow a lot of Calls out of box, but in this market anything can happen. There were 20+ million shares trading with only a 6 cent spread, that's a little unnerving. Before any of this mess happened I believe ALU was trading around $3.68. To me the downside potential should settle into a range by Friday, but what bothers me is it could stay range bound for a long while and scare away what few IM folks we have left. Your comments were fairly general, so what do you think ALU and NOK will do on Friday and will Options expirations create a pattern of appreciation or depreciation. Good Luck!!!
While we try to figure this out... maybe we can get the Hedge Fund, Management, and Insiders stand in front of the sand mounds. Do you think they would admit to wrong doing if they were in that position. They would cry like babies!!! The problem is only the good guys end up standing in front of those sand mounds. Maybe they didn't do anything, but that would be a great water boarding substitute to see who the real criminals are. Maybe we can get our Congressman to write a bill and see how far it gets??? I say about 5 feet or where ever the trash can lies.
My God these stocks are dead. They have been trending downward for a while now and market is sitting at new high's. Remember when Crammer thought Potash (POT) was the best thing since bottled water. Look at it now...
Name one takeover or merger that benefited the majority shareholders recently. Most due not happen, or if they do happen the insiders are the only winners. Corruption is so out of control. This reminds me of NETE issue about a year ago. Analysts/company ran the stock up and bailed after what they said was going to happen didn't. It went from almost 6 bucks, then sold off to 2 or 3 bucks. Now its trading for less then 2 bucks. Insiders made a bundle. As far as I know that big AAPL contract never happened. If it did I am sure it would not be trading for less then 2 bucks a share.
In less you are a lawyer, I would not hold your breath out for compensation. I lost about $600 on a GE issue that class action sued GE...I got $16 bucks back. It wasn't worth my time doing the paperwork. This World is getting so corrupt...expectations are rarely achieved. There is no value in watching the business channel anymore. Pure BS.
According to the numbers and stocks reaction, and management holding hot pokers while telling us its time to celebrate!!! Celebrate what????Poverty for the common shareholder???