It will have a nice move up some day. For the most part they move it up some and then down a lot. I am just trading for the day. I have been shorting and covering later in the day. I shorted again here at 51.95. No volume. Market makers teasing folks into thinking it goes up and them they can drop it quickly.
Can not really explain yet this market is being extremely manipulated with permission from the SEC. Look at an over 1000 point move down at the open of trading one day and then gap ups another day. This is wall street making hundreds of millions of dollars at the expense of the retail people. It has become so overt yet there are folks that say this is just a conspiracy theory. So wall street will decide they will take a stock like SPLK down after earnings one time. The next time it is gap it up and keep it running. Much is just a guessing game for retail folks. One needs to be very careful especially with market so volatile.
With lowering of earnings for the second time this year and the terrible quarter, there is certainly no reason to hold it. Another new 52 week low coming. See ADSK falling much further in the coming weeks.
Even JCP moves up more than KSS on a good day. JCP up over 6% while KSS up less than 1% on a day DOW up over 360 points. Looking for lower prices again today in KSS.
Think wall street is still short KSS and will move it back down again. They still have to cover this before it has a significant move up. If it closes above 52 I will cover. Wall street has this market on a string and having no problem moving it to make themselves multi millions.
Of course wall street will do the opposite to what you think. Good volume on the buy side. Market has gone significantly higher since then. Wall street manipulated the whole historical last five days including today and they have made a bundle while a lot of retail and mutual fund folks have got burned.
Well now the Dow is up 250 points and KSS is down 40 cents. Wall street still short and will need to cover before this goes up. Will go much lower if market continues down.
Market moves up 3% with KSS up 1%. When market down 1% KSS down 3%. Would say this is still in a big downward trend. Admit I covered yesterday in the early morning now looking to short again. Will give it a few days to see what wall street does.
Continuing to make new 52 week lows. Moving down more into the afternoon. Again, do not see real buyers in this. Shorts covering. When they decide not to cover a bunch they just make a market for the stock to move down.
It has to work very hard to move up. The shorts that are covering just remove their bid and it goes down very quickly. May be a lot of margin calls in this stock. Most Chinese stocks have come back real well but this is still down 14% for the day.
These market makers are dropping this stock on no volume. Think they it run it back up some. Have no idea where it finished at the end of the day. Could be a very black Monday. Some one ran these futures down on little volume early this morning. This is still the USA not China. Not saying their situation doesn't affect us but not to this extent. Of course wall street marches to it's own tune.
You may get much better bargains if you wait. This panic on wall street is just beginning. There is no panic on the streets and there isn't any at brokerages. It is mutuals and retail traders that panic. Wall street is short. They will make a bundle in making the market with this fear the retail folks have. Think this drop in the market may be steeper as many held last time. This time they sell and buy back lower. We will see. I know that I sold last December and have no intention of buying back yet. I just do a little trading like staying short after a 500 point drop. Others have done the same thing. Be careful as the climb and fall could be somewhat treacherous.
The Friday afternoon selloff bought back memories of 2000. Stocks that were trading at 300 and 400 dollars that fell to double digits and by the end of 2001 were single digits. Wall street made billions on the way up and billions on the way down. Good morning America. Would have to agree with the unwise move of buying back stock this year.