I have long term shares that I don't plan on selling anytime soon but I have 2016 LEAPS that are green but not incredibly green.
It seems like the timing of this downgrade corresponds with a potential right shoulder in the chart.
I know you read charts but do you see this as a potential head and shoulders or would the right side need to rise closer or above the left shoulder high of $19.44?
I feel like I can always buy back any LEAPs that I sell and I have what for me is 3 lots of them.
I'll probably just sit on them for now but what's your take?
I have to give him some credit because although you can make the case that he is robbing from the shareholders at least some of that money goes to worthy causes.
Maybe that will make him feel a lot better should this gimmicky house of cards come crashing down.
Put down the pipe son.
You are better off investing in what you believe in either long or short for the long term.
If you are just buying and selling willy nilly you will lose.
This stock trades against fundamentals, aka profits and I suspect is extremely manipulated usually to the upside.
So it will go up until it goes down and generally the moves down are sharp.
If you are buying because it always goes up you could very well make your money back but at some point a day of reckoning will come and you won't want to be holding then. I suspect the float is controlled along with a bout of collusive algo buying.
On fundamentals it's a short but on MOMO it's probably still a buy. My advice to you is to stay way.
The way I read this is you are a growth and MOMO investor Rasta.
I consider myself a growth investor but generally a GARP investor not a GAAC (Growth at all costs) investor.
This is a GAAC stock and robbing Peter (shareholders) to pay Paul (Insiders) works great when the MOMO is up but should a trading cartel exit and the MOMO reverse me thinks Pater will not be a happy camper with Paul and that's when things could get really ugly.
Good luck though.
Name one lie he has posted please because I don't recall any.
What do you think of Franklin Pierce's article on Seeking Alpha Rasta?
I think depending on the market they could push it up again but a so so to bad market and more of the same (costs growing faster than revenue) will not be good for the share price.
It should be interesting.
I disagree. Smart phones are subsidized by mobile contracts than it's a matter of how many people go off contract to trade up.
I think there will be pent up demand for the larger crack resistant phones from Apple.
By the way do you work for "Hacks"? I see they just came out with a new blurb on GTAT and AAPL. At what point did those dolts increase their rating from a sell to a hold.
Don't worry at some point if and when this breaks out of the channel I'm sure said dolts will make it a buy.
I told you yesterday buy all YOU CAN since you are pumping.
In the short term it's bound to go up.
Sentiment: Strong Sell
Yes, I rarely watch either but I guess all the geniuses are watching MSNBC where the government should be running everything because Lord knows they've done such a great job so far. ;-)
Back to GTAT which unless the government screws it up for us we'll continue to make a lot of money on the long side.
Yes it's growing a tad late but they still have nearly 2.5 trading day's to blow smoke up peoples' wazoos.
Perhaps they will wait until after the results to try and sell an upgrade or reiteration of a price target.
I tried posting a few minutes ago but my post was blocked by one the filters for mentioning a site.
For those interested their is another excellent bearish article on Seeking Alpha by Franklin Pierce.
He's obviously a bear but for those that evaluate their investments while considering math and accounting I would encourage all who are invested long or short or thinking about it to take a look at his article.
I agree that this is a speed bump based on the fact that the new product should have ultimately offset the old product. It would have been nice if they had not missed it but nobody's perfect and these guys have been very, very good.
Still not a ton of shorts although a lot more than previously at 283.6k as of 7/31/14.
Glad to see the company out with PR's twice now in the last 4 weeks post earnings trying to exhibit that the business model still works in case anybody needed confirmation.
Oh and I agree with the component miss here, only themselves to blame but I'm looking much more broadly than that at the economy.
The Central banks around the world have a lot to do with what the market is doing.
Overall the economy here is slowly improving but globally the #3 and #4 economies just posted negative GDP quarters in Japan and Germany.
The market is doing well but that does not mean all is well IMHO.
10% earnings growth in Q2 sounds great for the US until you realize about 7% of that was driven by buybacks.
If you simply say the market is great so everything must be great I don't agree.
Things are much better than 2009 and hopefully the recovery continues. There will be bumps along the way.
BS. You said they put Apple and Sam Sung out of business. Are either out of business?
So you are full of it.