Could it be a last minute options swing? That doesn't sound that logical with all the upgrades, but most upgrades come from paid monkeys...Anyone have a guess?
My God its almost everyday it trades!!! It was +40 cents and at close it drops to +23 only. I am out on Friday. Someone/probably IM folks are bailing on POT and MOS...but MOS is always big drop at close!!!
What a piece of #$%$!!! Market has done nothing but talk about the negative issues in the stock market including inflation, interest rate hikes, REIT's losing value, bonds trading at dangerous levels, yet the VIX is still at 14 and change. This ETN is the most pathetic instrument that is suppose to mirror volatility. The only thing it mirror's is VIX figures that make no sense!!!
Who in there right mind would take on a company like AAPL with a large buy back program and $194,000,000,000 in cash?...Unless they made a deal...right? Apple has the resources in there front pocket to kill any short move in there stock...right? It just looks so obvious!!! Somethings just not right!!!
I think a lot of companies do deals with f-funds. Hedge Funds mop up on short side and company gets to buy at the lower price. They will buy some shares on the way down to make it look good, but its pretty obvious to be able to take on a mega-company like AAPL with $194,000,000,000 billion in cash and a large buy back program with a small dividend, you have to know what they are going to do...right?
Would you buy here? Certainly not, and (I believe) Apple knew that on the day of earnings. I believe Hedge Fund/Funds (sold sold sold) before earnings, but incrementally set up positions for Apple 10%-20% drop. I believe AAPL and H-funds calculate there exit strategy where both benefit. Hedge Funds get there 10%-20% going down and AAPL benefits buying around there 200DMA. Folks its may opinion, but I see this same activity all through this market, Apple just stands out as the poster child for this type of manipulation.
DIV is too small...that's why they bring it down. Everyone buys pre-earnings and the big boys short it 10%-20% Short positions are showing less then 2%, but that maybe enough since stock did not hold its 50DMA. The question is: Is this a bigger conspiracy then a 2% short move? Company talks about large buy backs, yet it appears they are in on it. No hedge fund would take on Apple with only a 2% short position...would they? Why doesn't Apple buy here?...I think its because they know without any intervention that it will probably bottom closer to the 200DMA...Its hard to find a stock that's not being manipulated in some respect!!!
What makes you feel that BABA will beat? BABA is $79 and change. Lost momentum into earnings. How do you explain that?