Not yet. Why would the shorts stop now. No buyers. Most of the buying is just shorts covering and shorting again with their trading money? They already held a main short position.
We may have the start of a correction in the market and KLAC is already at a 52 week low. Not looking positive for longs. Whoever owns the 162 million shares are certainly hurting.
Have to admit that I did not anticipate KLAC losing this much in one day when it had no news and has went under 60. Covered 1000 at 59.95 as it was taken. Will hold the remaining 1000 as am thinking that it will make another 52 week low.
Even though MSFT is down rather huge today I am not covering. Think that it continues to make lower highs and lower lows here. Looking for it to move lower into the 40's. They may wiggle it up a little to entice a few retail folks to buy then move it down more.
Last couple of days good news onNVDA. So today Goldman puts out a sell on NVDA. Whole sector tanks. Wall street making another bundle shorting.
They have sold the little run in MSFT, KLAC etc. and are now short. Looking for a sustained drop today. No big run up at the end of the day. Not even lunch and selling continues.
this is going to be a significant down day in Semi stocks. Brokers putting a number of negative suggestions forth,
Thinking that this goes under 60 again. There seems to be a lot of shorting and selling in this sector. Looking for lower prices. Market is really overpriced. They can not keep this up forever. Wall street having to short more sectors now to make their 100 million a day trading. KlLAC especially getting a butt kicking today. Beginning another downward trend.
Think UNP and KSU a bit oversold.
I do not know if that will be the case or not but I do think it will be higher that 112.70. I bought some at 113. Think this was a little too easy for the MM during lunch and they will cover their shorts.
Now we can see why it is said that when these big locomotives pick up speed, they are difficult to stop! LOL! Couldn't resist although it really isn't very funny if you are long.
Market makers are having an easy time pushing it to new lows for the day during lunch. Appears to be an easy short trade for them.
Significant drop today with KSU news regarding lowering revenue for the year. All rails hit. UNP taking the biggest hit next to KSU. Not sure that UNP deserving of this big a hit or if it is just a KSU situation?
Existing home markets below expectations and market continues up. Validating direction of market. Companies that warn have an initial drop and back up they go. Trend has not changed. Folks have been sharing since 2009 that the market is done and of course it has just continued up. One of these years the market will have a correction and the gurus that for all the previous years have been wrong will finally be correct.
Continues to move up. No interest rate increase and there will be more QE in some form. The FED is not going to let the market have a big correction in 2015.
The major shareholders have made millions selling their holdings at hyper ventilated prices. The mutual fund and retail people give their money away to these crooks. The folks losing their money are not the chinese. Many of those that made the millions have left China .