That usually means that it will get more oversold. Looking for lower prices. That housing news this morning not good. A lot of companies that make a lot of profits are missing earnings. The market goes crazy over a company that doesn't usually make money but finally did. One company taking profits from a lot of other companies. China really slowing down but their high earning folks(crooks) are purchasing lots of properties in the USA. China and dollar of course hurting DOW.
I bought some at 62.78. Not sure how low it would go but open up with 500 shares. Will see what happens . May go lower and I will purchase some more. Wall street is taking advantage of the fear but they will need to cover.
This is a great short with wall street taking it down via shorting. They will cover and it will go back up. When??? Great company and good trader as a short for now. Will remain a good company and be a good trader long again. When????
One thinks that will never happen when it is down over 5% again today and still falling. Wall street sees very easy money on the short side as no one buying. They are having to use their shorts to cover some of this free
fall. 62 and still falling with wall street all smiles.
You are probably correct but many times the herd mentality is brokers shorting and then investors selling out of fear. The result is it often goes much lower than anticipated, especially in this over extended market. We are seeing more of it today. Have no idea how long it lasts but be careful. Is over extended in my opinion but that doesn't count. Wall street runs the show. I just do the clean up. So obviously I get less pay but thankful to get paid.
Have clients who put in orders to sell and know that I have all those shares to cover with. Clients often get the closing price of the day. They always get that for mutual funds. So I can short it down all afternoon and make a bundle covering for the last hour.
Right now there are a lot of others thinking and doing just that. Clients of the brokers are selling all kinds of shares here in this range and the brokers are covering a pile of shorts for great gains.
Different market at present. Usually they have moved stocks up into earnings.
Dow they took down and even though it beat they took it further down. Wall street making a lot more shorting than going long. The Dow JONES is only down 1/2 % while DOW down 5%. You may be correct that wall street takes the market up. Yes they have been doing that with particular stocks. Many other stocks they have been shorting and shorting more.
They are pulling the bids now. Wall street short not long. Wall street was short before earnings. When they are whatever company can have great earnings but it isn't taking off. I have no idea why that is. Down goes DOW.
Has given back 1.50 in just over 90 minutes. Wall street working wonders. With oil at such low prices Dow's margins will be even better. Wall street has traders nervous so easy pickings going down. Looking for more stocks to be shorted via wall street.
Well the volume did pick up here from 11:50 AM to 12:15 PM but it was to the down side. Someone said semi's not going to continue down. Well this is looking very similar to 2007, 2008 when it went from 61 to 18.
Big slowdown in China and we all know the debt the Europeans are taking on. Now with the siding up with Iran am looking for more disasters in the making. May be a depression rather than a recession in the making.
There are probably some shorts covering now in KLAC as they have big profits to be made. To settle for a couple dollars less now is much better than 5, 6 or more next week if earnings are better than expected. There certainly is no heavy buying today so maybe there will be little move into earnings. Maybe wall street insiders know that they having nothing to fear. Earnings are a week away so not long to wait. I am not on the inside so I have covered my short and will wait to see what happens.
Very happy with higher margins but I do not move the market. Whether they just used the lower revenues to tank the stock in order to buy low or they feel it is justified, I do not know.
Wall street is pulverizing these semi-stocks. KLAC in a strong downtrend with wall street shorting heavy. Folks will start talking about a short squeeze. There will be no short squeeze. Clients will eventually, if not already be saying "Sell'. Wall street will wait and cover with clients shares. You will hear that KLAC is oversold here which it may be but you will not see any big jump back to say 57 which it was less than 2 weeks ago. I hope for longs that this is not another GMCR or MU. We have not even had a correction in this market and you have stocks like this getting taken to the cleaners. Be careful, for when the market does correct it is going to be very nasty. I know this has been nasty for KLAC share holders and hopefully KLAC has another run up so folks can get out without losing too much. GLTA
Obviously a decision was made yesterday that KLAC was going down hard. Right out of the gate continued shorting and selling. One wonders if wall street knows earnings are going to be poor when they come out in 2 weeks. Definitely in a strong downtrend. It has given back over 30 dollars in 8 months which is more from a dollar perspective that it gave back in all of 2008. Decided to cover 1500 at 52.13. Appears that it may go lower but picked that 13 number to cover half. I covered half of GMCR way too early and maybe I am doing the same thing here. Have heard that pigs get slaughtered so I will take the nice gain.
Company announces that we are going to give you 2 cents as Wall Street is going to take over 3 dollars from the share price in the next 2 days. They use to say it was good to get your 2 cents worth. Inflation does make a difference. Wall Street getting very greedy.
This is worse than 2008 as the whole market tanked. These semi stocks are not going to be coming back like they did in 2009. IN 2016 this stock will lower than it is now.