Appears it may go back down tomorrow. There are just not enough buyers. Once the shorts quick covering it has been a slow move down while market moving back up.
Has had nice volume buying. May be a number of shorts that took positions the four trading days before yesterday. That was an enormous amount of shares that changed hands yesterday. Just never sure what wall street is really doing other than making sure they take our money. I sold the shares i purchased yesterday. Some premarket and some at the open. Have bought back at 51.49 this morning again and will make a decision when to sell. Will sell today or tomorrow. Think this was a manipulated play in VLO.
I sold 1,000 shares myself in 4 trades. There still is not 4,000 share traded. Makes one think they may drop it. Maybe it is just going to take off as they are not willing to let their shares go this low. We will soon see.
When a senior citizen like myself is buying more and more on line then you know these box stores are in trouble. So many folks that i know are doing the same thing. Now you have new business like RH that is much more exciting like BBBY was when it first opened that are the trend setters. Folks like the new and change to the new methods that save money and provide more options. I do see BBBY being in big trouble. As the facts reveal, they are losing a lot of business to competition. I am not short. I use to love this store but now I do not even go into it.
The big boys shorted especially VLO the last four trading days. Now they have institutional sellers saying they want out. They have been sitting on the bid covering their shares. Totally ridiculous price drop from a fundamental standpoint but that is how GS, JPM, etc. make over 100 million a day trading. You better be doing what they are doing or you are losing.
Sure not much of a reversal for that news creating the big drop. What is really happening?
MA making so much money while numerous stocks are losing money yet up they go. It is not falling because fundamentals are poor. Have been waiting for nearly 3 weeks to purchase some shares but still in a downtrend. Was thinking that it might hit 72.50 so had an order to by there. News this morning negative on the economy so thought they might take this market down more. Obviously we continue marching upward with the 35 billion still given to keep the market up. As long as we can print money with no collateral I suppose they can continue moving market up and pick certain sectors to short at different times. Cautious trading. GLTA
Think they will beat and give good guidance. It is earnings day and many take their profits rather than risk a big drop. Do not think that will happen as ORCL missed and made a new high on earnings day. It dropped some and is coming right back. Again, do not think MU misses. Of course others may have inside information and are selling. GLTA
You are absolutely correct. Yet, when you are too big to fail you get to make the rules and if you break them it is only a small commission of a fine to sort of slap your wrist. Who were the big money winers of Lehman and Bars Stearns? Yes GS shorted them to the bottom. We know the risk so one needs to cut losses quick in this market. There are going to be some very big drops in some stocks as GS, JPM, etc. make a lot of money on the short side.
There is a reason that GS makes over 100 million a day trading. All the brokers know you do not cross GS. They call that "A recipe for disaster".
Wondering if there may have been a few buyers expecting to make some quick dollars anticipating that it would move over 5 dollars. Now GS has them in a situation that they have to sell providing GS with a golden opportunity to cover at a nice low price. Admit that I was looking for the opportunity to purchase but it had to close above 5. Most of the drillers have been moving up nicely.
GOLDMAN has downgraded HERO to sell this morning. They got up early to do that. Couldn't wait to execute the plan.
No fear! Have bought it back from 38 +. They are still printing 35+ BILLION to put back in market. Market still awash with liquidity. They have lots of money to keep the market up and identify certain stocks to short. We had another up day today. Have to love it.