Last February it was 107. It is going to be 27 and change soon. When the laminate is a small percentage of it's product why is it down so much. Other companies have had bad exposure before, rectified the problems and continued in business. How can there be this many shares to short?
Covered the 2 thousand I shorted at .87 at .65. Will hold the initial short from last Wednesday to see if it closes above .90. If it does I will cover. If not I will remain short that lot. One of these days there will be some correction. Hoping to already have a few shorts when it begins so selectively playing a few stocks short. GLTA
INTC has already taken a nice nose dive and is continuing. The trend is down for INTC. NASDAQ has been going up and INTC down. Now it may just go down a little faster. Still looks like a nice short as there is just a nice steady fall, not too quick and not volatile. Will be interesting to see if they cover some of their shorts before the end of the day.
Will be interesting if this so called orderly sell off continues next week. Have not seen a change in the sell off from November. Continues to make lower highs and lower lows. Just not seeing support to stop this. The market will do what ever wall street dictates. For MSFT it may be lower as it may be for the market in general.
Why would they want to do that? Take your shorts off the offer and let it move up a little to have a few more longs jump on and then jump back on the offer. If you scare them off you will only have institutions selling. Watch it fall back
Must say that market is looking like a 2000 or 2008 Friday. Far more sellers on the offer than buyers on the bid. Significant down day.
Of course a bigger down day today. Market is a bubble that can become an even bigger bubble. One thing that I am committed to now is that I am not an investor. I am in cash and am a trader. When the market does come down we know it will be much quicker than it went up. Now I nearly always close at the close. I always close on Fridays. GLTA
This is not a shift in the bull market? I remember hearing the same thing in 2000 and 2008. These days will come again.
Out at 82 .25. They are pulling the bids too fast for me. Looks to be going lower. Only support seems to be the shorts so if they quit covering another free fall.
Downgrading stock. A director sold 987 shares at 106 and change. Stock was at 85.67 at close yesterday. Interesting how from their downgrade the stock can just fall precipitously to 82 with really no support. If I didn't know better I would say that there is some collusion in this fall. Now they can cover with shares clients wish to sell. Needless to say it will take more time to move back up in order for wall street to make the most of this short. Yes I did purchase at 82 but the poor original longs that have now panicked and sold are the folks hurt.
Expecting them to play around in this 82 to 82.70 area to cover a number of their shorts. We will see.
This is not Goldman so they will give them a slap on the wrist. This is a company that is selling a product that doesn't meet health requirements so they are in serious trouble. Given time this company will be going out of business. They will have house after house where they will be required to remove the flooring and replace it. They will not have enough money to do it. Moving on to the lawsuits that unscrupulous lawyers are foaming at the bit to participate, well you get the picture. It will take time so big money traders will be able to move it around to make some cash but the only investment will be short.
Because a senator requests one is a surprise? Certainly good for shorts.