That is excellent rhetoric. There has been no correction in the market yet. When that comes this will go much lower. That was a big drop in margins for CRUS. There were a lot of shorts in the stock. The second drop had a lot of hedge funds selling here. A lot of this buying is short covering. Will need the shorts that covered to go long or some hedge funds to believe as you do that it is a bargain. Maybe this is a double bottom and it is a good time to buy. We will see. For longs I hope that is the case. I have covered my short. Not often you get so much money this quickly. There may be more here for shorts yet but there is a saying regarding pigs getting slaughter. Happy trading and may it work out well for you.
That is correct. CRUS has no support even here. These are not buyers on the bid. They are shorts covering. The company will stay in business and the owners will do well but those that purchased at 25, 30, 40 will not get their funds back despite all the rhetoric regarding no debt and making money. In the market you require growth and they are being squeezed out. AAPL has their own problems now and unless CRUS can obtain some new big customers they will not be a good investment in the stock market. That doesn't mean that after it drops so far that a brokerage won't buy a bunch then upgrade and give a few positives for a 2 or 3 point run but those that bought at the numbers mention will probably not see them again.
There are so many sellers or shorts that the shorts covering can just lower their bid and they will come to it it.
And they continue to refresh on the offer selling. This stock has been in a downtrend since September and today we received more negative future news. They say that stocks do not go straight down? What is worse is that the market has been reaching record highs. We can talk bout the no debt and working with AAPL but until the big money goes long this stock isn't going up.
On big selling days like today CRUS usually continues to sell. It will probably go under 18 today. Looking for it to go lower. They are shorting and selling. Folks are worried about margin? Traders are probably being forced to sell because of their margin accounts.
They are still selling this heavy. Where it goes I certainly do not know yet so far today even as market was moving back up, CRUS continued to make lower highs and lower lows. Losing 19 not a good reading. Appears there was a lot of shorting of CRUS the last week and a half. They have continued with a number of the buyers today being shorts that are covering. Obviously longs getting pulverized with no let up.
Much of their money is made in China. Economy slowing even more there. With the cheap price of coal they have been stock piling. Of course North America turning more and more away from coal usage. Canada was nearly giving some of their coal away as companies converting to natural gas. Interest rates are low but most of the companies keep losing money. Do think that some will go bankrupt.
A lot of folks own a portion of the US debt. I have no idea if 2000 or 2100 come. Over time the market has always made new highs so from that perspective you would think that would happen. WE will see. Am waiting for a reversal in the market but haven't seen it yet. Will admit that this morning when the S&P nearly hit 1690 that I bought some SDS. I sold at 38.10 when it appeared to lose steam. It appears that it will continue it's downward trend. We will see. Maybe there will be a reversal this afternoon. For those that are long I hope there is. I have no position now. Happy trading.
Do not believe this. Ben read my post and responded by saying that he supports the Bank of Japan policies. Ben and Obama have people everywhere.
The statements you made earlier were great. I couldn't help but laugh and laugh. Thank you for the levity.
We have them right where we want. We will print a few more trillion and give it to them. WE are only 12 points from 1700 on the S&P and at the beginning of the month folks were saying it would never get there.
Ben is telling us that it is all about the market and they will keep it going up. They are giving the money to the market. As the big money people make more money they spend more money. He is basically saying that they will continuing moving the market up or we will collapse. The whole world is in this mess. There will be a day of reckoning but it doesn't look like it will be for a while.
SDS and FAZ have been a couple of the best shorts in the market. Called a guaranteed investment. Hard to believe but the FED and Ben are telling us that for now this is a one way ticket. They have their cohorts telling us that S&P is going to 1700 and then 1800 before the year ends. Even on the days when the news is extremely bad because someone made a mistake on the figures that they put in the stats, the down day is only a few points. New records highs again today with FAZ and SDS making all time record lows and falling fast.
Lowes up yesterday because HD beat. Lowes(low) up today because they missed earnings but BEN not going to ease QE so market to continue up and SDS down.