Absolutely. It looks like the algos are set to buy #$%$ no matter what and the typical MOMOs are all going up as of the reversal 2 days ago yet this is stagnant. I think they'll get it up a bit but if new suckers pile in and hold they will be left holding the bag once again.
Of course if you think the coming months will be a replay of 2013 then now would be the time to hold your nose and buy. I don't consider that investing. I consider it a joke and playing in a rigged casino because once valuation matters ago anyone holding long is screwed with a capital S.
The trading algos don't care about insider sales.
Once the $h1t hits the fan all this stuff will be looked at after the fact. They just need to follow the money but the government invited this but allowing legalized theft to occur in the markets via algos, HFTs and ETF stuffing.
Money transfer from the many to the few seems to be what they want or it may just be the end game.
jv, the market is closed tomorrow for Good Friday so you would need to cover today or Monday if you are looking to be out for earnings.
I'm long/short tech and have no intention of cashing out my shorts although it seems as though the algo we go up no matter what switch is on at the moment. I know when the time comes the moves down will happen relatively quickly.
Hopefully you'll hold it through earnings because with this action there must be bad news. :-)
Hold tight through next Thursday is you have the nads.
Be careful everfoxy. I track a good number of stocks and besides the overall reversal in the market the reversal in the MOMO stocks was pretty impressive today. Many, many of them participated with higher beta than the market. it was pretty stark.
Now will this be sustained I can't say but if I had to guess I would say it will be for a littlw while so you probably want to look before you leap.
I never cry over money but I would love to chase some criminals and scvmbags who abuse the markets.
You know what I'm saying fester?
You beat me to it rippa2r. No doubt some total scvmbag that wants shares.
Some dooshbags will do anything for money.
Sounds like demeron amongst others from what I've heard. Plenty of quality is being flushed out here.
I'm going to take advantage on continued weakness down most likely with Jan 2016 in the money calls or which ever ones I feel are best priced.
No necessarily shorts working hard. The market is very tired and has been turning over for quite a while now. The Nasdaq is not far from correction territory which would be 10% down at around 3933 which is just below it's 200DMA.
I would like to see a full correction in the other indices also but not a full blown bear or things could get real ugly.
A full 10% - 15% correction will be healthy for the market in the long term. Watch #$%$ MOMO stocks turnover and not get up and watch stocks with real fundamentals and coming fundamentals bottom at some point and establish market leadership.
I'm betting GTAT is in the latter group and am trying to keep some powder dry for additional LEAPs buys on the correction.
How much is organic vs acquired growth at this point? Any idea? How much is from existing vs. new customers recently?
If you know the answers to these questions, please provide them to CRM because for this second question they told the SEC they could not provide this information.
Was it that they couldn't or that they wouldn't?
Never mind that costs continue to grow faster than revenues. That's meaningless. ;-)
Are you the same imbecile that sold in the $30's for some penny stock?
I believe so.
Revenue is not earnings rastarich. I think you realize that and watch costs continue to grow faster than revenue as they have in many quarters recently. That would be a FACT but feel free to post a few lies for entertainment purposes.
Now that's irony in an absolutely brainless post.
Valuation never matters in MOMOs until it does.
Even at half off the high this POS is valued to the moon.
I added some Jan 2015 LEAPS to go along with some Jan 2016 LEEAPs that I have in addition to my core LT shares.
I plan to add if this keeps retreating on nothing but air.