Do think you are correct. If it can not go up in this market it is certainly going to go down as the market corrects. Going to be interesting to see what it does today. Today could very well be the day you may want to sell.
Appears it will open lower.
I would agree with you and it appears the market does also. The economy is not doing well. Transportation stocks are all in the tank for a reason. Usually they are the first to go then the rest of the market follows. Mind you this is a different market than we have ever seen. Companies miss and warn yet many are pushed by analysts to buy and they continue up. The money being printed just goes into the market not into helping those that really need it. One day it will turn around and we will have a serious drop in the market. At present the printing of money is keeping this market at all time highs because financial institutions are shorting a number of sectors and still long in other sectors.
Maintains the equilibrium. GLTA
Typical analyst rhetoric. The only way this gets to 40 is for a buyout. It is a trading stock for wall street to teach their market makers how they manipulate a trade.
Increase in natural gas supplies. Economy is really in the tank. Transportation stocks getting beaten up. Nearly all of them pointing to slower growth. Result! Market will probably move back up as they are not ging to raise interest rates and will keep giving the trading institutions money to keep the market up.
It looks more like last Thursday. Continued slow, consistent movement lower. Could make a new 52 week low. Hey wall street has been know to trip you up and maybe as we are so close to the 52 week low it bounces.
Wall street is short this sector as they are some others. They are having to short more and more sectors to make their 100 million a day trading now with the market at all time highs when the fundamentals are so poor. Really do not see interest rates going up this year as the FED knows that the economy is still poor. They have been talking about raising the interest rates since the end of 2014. At this time it is just rhetoric. I noticed today that Forbes said D was oversold. If that plays out in the manner it usually does when Forbes says something is oversold, D is going lower. This stock and sector has been in a downtrend from the end of 2014. It continues to make lower lows and lower highs. Today was a lower low again. That means it has broke the previous support. Now we have another technical negative along with the pattern that I have noticed with Forbes. We will see how it plays out. In this market I am in cash and trading, not investing so my analogy may not seem sensible to yourself. Hope it is somewhat helpful. The market does what wall street decides so they could take it much higher and even turn D around later today. May in the end it work out well for you.
They know the economy is weaker. The rate hike has just been rhetoric. Would agree that there will be no hike. They need to keep feeding the market.
Means good news for the market. Reiterating here that there will be not interest rate rise this year. The FED will need to keep feeding the financial institutions in order to keep the market up. The goal is to keep the rich making more money. MY! MY! The same as yesterday. As a result of the bad news the market goes up higher.
Bee happy! CHK does not look very happy. It actually looks down. If others would buy and let it know that it was wanted, it would bee happy. When it is not wanted it really get's down!
They missed on revenues by 5 million and beat on earnings. I bought at 18.00 anyways. These are great earnings in this environment. They did much better than last year at this time when the stock was 25. I think it goes higher. Granted if wall street is short I will be wrong. Fundamentally it should move up.
Where is the huge miss. From what I read they beat and they raised guidance for 2016.
The board makes decisions that guarantee they receive their allotted funds and pay while the share holders take it on the chin. So I invest at 34 last July. So now the company want's to sell shares for less to reduce debt and use the funds for company business. Company business being to allot more options to themselves and pay their salaries that they are not earning. Forrest did share that you never know what you will get in a box of chocolates. What's another 6% loss in one day for share holders as long as I am looked after. Keep smiling.
Call it what ever but LUV hit 37.19 but not 37.18. I sold at 38.00. Factory orders fell for the eight time in nine months and the market takes off again on this bad news. This can not continue to happen. Sooner or later, as I have no idea when, this market is going to tank. As a result I will only trade. No investments as I am not on the inside aware of how high wall street will take a stock that is making no money only to have the ignorant retail investor holding when they short it.
In the back office the FED just called and told my boss money on the way. Buy! Buy! Buy this market. He did and I guess a lot of other financial institutions did. Not going to go on forever.
Sold those at 38 as it appeared they were not going to let it go. Sellers continued to refresh on offer. Bought 1000 this morning for a trade not an investment at 37. 30. Stop at 37.18. DAL had some negative news this morning. Do think LUV in good shape but it will go with market.
Profits down 40% and bad things didn't happen? Delinquencies down to 8.4%! Yes this should make it go up 5 points. Wall street doesn't need good news.