Good post rastarich. Just be careful because lots of these MOMO stocks are being pumped with air again and I know you may not think this fits in that category but most believe it does. They are pain trades for shorts until they reverse and many will drop a lot lower, especially with any catalyst.
Hey kenji100, it looks like they are trying to force a squeeze here on the OPEN news. I'm watching but I haven't stepped in premarket.
Looks like P is up in premarket on the OPEN buyout news. Obviously one has nothing to do with the other but options games will happen. The gap with a low of 27.10 and a 28.20 close from late April partially closed yesterday when P got to 27.36, maybe they fully close it today.
Perhaps they could borrow some cash from insiders after they have taken plenty of money out of the back door in the form of options compensation.
Once things go wrong here you will see shareholder lawsuits IMHO. Unless something is found to be crooked with the accounting, then shareholders will get nothing since not doing your DD is not a valid excuse for losing in a stock.
It wants to go up apparently before it goes down again but as one poster said it's pretty much in a $50-$55 range, slightly above and below both.
No. What's actually appears to be happening is many gaps are starting to fill in pain trades. That is gaps from above which in the case of P was a low of 27.10 and a close of 28.20 on a day in late April.
The markets are doing their usual pain trade type gains based on how the crooks are positioned.
As usual, in most cases, having little or nothing to do with underlying fundamentals.
Yea, that always works well for everybody in the long run. ;-)
#$%$ are you talking about? Anyone can write for them and in any stock you can typically find bullish and bearish articles.
It's a decent forum. You can find writer's analysts to your liking.
Certainly much, much better than Motley Fool IMHO.
Your reasoning is very sound. If you can absorb a little short term pain the downside of the share price should exceed the upside.
Keep in mind the anti-fundamental trade has been coming back in vogue lately, although not as strong as previously, shorter swings.
ski I exited my last short in this within the last few months, taking a profit and I have been playing this trading puts in and out with winners and losers.
I think a conviction short will work out in the long run. This could easily get cut in half and I think that's conservative.
I continue to manage my portfolio as long/short.
That said I could see pulling off some of both and simply raising cash.
You're a spammer freed0mfighterx. It's a new ID today and in looking up your posts you are up to no good.
Even though you act as though you are bullish on GTAT, you are posting similar things on other boards.
Be wary of posters like this folks.
They only want you to buy high and sell low and you all know I'm a long term bull here and remain bullish.
I'm holding all that I have but am not adding to any longs at this time.
Actually in looking up your profile and your other posts from today, why don't you simply take a long hike, possibly off a cliff.
You just created the ID today and are part of the overall problem with these broken markets.
You know it and I know it.
Most people on this board will tell you to run away but if you want a bull case read rastarich's posts,
realizing that much of what he says is disputable and outright incorrect.
Long or short, "You lay down your money you takes your chances."
Thanks ski. I just hoping that things ultimately don't end so bad that they ruin the markets and the economy forever.
That would lead to lots of ugliness in our society.
Hi ski, I was happy to see your posts. I was having problems posting for a while but recently my Lap top vs Yahoo has been acting up less.
ski, the thing that disgusts me most with these tale of 2 Nasdaq's stocks like this is the trading games are mostly just making insiders rich and QE forever has only helped to speed up the polarization of society between rich and poor because we all know the middle class is really not doing great.
Keep up your honest financial posts. We need more of that on these boards. All the best to you.
No that I think you are the least bit interested in it but it's posted under the headlines for CRM here in Yahoo Finance on June 2nd.
Looks like this is not quite yet at the 50% retrace level of the recent high of 55.54 hit on the 30th, 52.88 would be that level so they'll run it to 53+ or close to the 50DMA.
Of course the overall market and MOMO scam index will have a lot to do with that. ;-)
The product will be nothing to speak of IMHO. Another loss leader to show revenue growth and keep the negative cash conversion cycle going.
The action in the stock is up with the many MOMOs and logically will be a sell the news event depending on whether the markets are dumping or whichever way "the game" is slanted because clearly fundamentals have nothing to do with anything in these tale of 2 Nasdaq's stocks. This is one of the king pin tale of 2 Nasdaq's stocks until it isn't.
Big MOMO play today rasta, as simple as that. Many, many moving in the same direction in quite the collusive manner as is often the case IMHO. If you think this wearable news is driving this action you are dreaming.
And somehow you believe what greg, NFLX doesn't have debt?
Think again and look at the balance sheet plus their future obligations, i.e. off balance sheet.
This will really take hold as we see it come to fruition through execution and hard evidence. Of course many will say it's built into the stock but they need to meet or exceed in the 2nd half of the year and have the other legs such as hyperion and Merlin start to kick in.
Orders previously discussed actually occurring will be a nice boost.