Selling at 41.25 here. Was going to go long VLO at 58.30 but took HFC. Obviously VLO would have been much better. GLTA trading.
Decided to cover at 40.95! Long some at 41.00. This seems a little over done looking for a little bounce. Will sell before 4.
Appears they sold a lot on Friday and maybe began shorting. Today has been a heavier continuation with HFC being the cream of the crop for shorts. Down 7% is a nice days work.
Cheat if you can get away with it. When others only lose money the consequences are small.Goldman may have to pay a 30 million dollar fine as a small commission but not admit to any wrong doing. BUT! When we are talking about cancer and people possibly losing their life, the consequences become more severe. Having to remove thousands of floors and pay huge law suits can bring the destruction or bankruptcy of a company. Will be interesting to see how this plays out.
Things are going to get worse for many because they can not compete. Folks held the coal companies all the
way down. Big oil not renewing contracts and the ones that do are negotiating big reductions in price. Consequently many drillers going to go out of business.
Definitely the market is run by those with the funds. One has to follow the money if one can. Analysts say sell when they then buy and vice versa. Look at SPLK, WDAY, DATA, FEYE. They ran them up while talking vey bullish at the top. They short. Of course down it goes and so many retail folks holding. Down they go and then they cover and buy again. Just look at HPQ today. Last 2 days selling and shorting while NASDAQ going higher. Today NASDAQ down and no news yet they take it up. Who is taking it up? The big money that covered yesterday and went long. They have all the clients that are putting in orders to sell or buy. They then respond accordingly to make more money for themselves. Wall street is where the producer of Survivor received the concept. It is perfectly legit to lie and defraud if you can make money. It is not a new concept . Initially in America it was not acceptable so the American Dream became possible. Now corruption is the way of life in politics in America. This is why you can not get anyone elected who is honest and doesn't just talk the talk of it is for the people when it is really for them. Sorry for such a negative viewpoint.
I think your first point is correct. Analysts do not think that misrepresenting a stock is dishonest. In the market making money is truth. It is called deception or manipulation for an analyst. It results in making money and lots of it.
Yes I am out. I do think as you that after this cycle in GPRO, whenever it ends, you will have another long trade. GL
Actually I was short at 80. I am not investing. I am trading. I sold my 42.05 purchase at 42.80 and presently hold no shares of GPRO. You obviously have some shares in GPRO. May it work out well for you. In this market I am not interested in investing. One of these days this market is going to come crashing down. I will wait until then to invest.
Some insiders just decided they want the millions now so have had wall street sell them. After they have them nearly all sold they buy the remaining shares and move it back up.
When we do have some correction in this market HPQ will really go down.
This is why folks short this stock. Looking for under 34 before the day is over.
And lower it goes! NASDAQ up but old TECH down. Only hope for HPQ is that wall street decides to make some money long with it or it continues lower. Has already hit 34 with well over average volume. Continues to make lower highs and lower lows. Not really much of lower highs as it is mostly just down, some consolidation and down some more.
Obviously as long as that happens it goes lower.