Got to love how VLO has been their number 1 target. They have been sitting on the offer and moving to the bid since last Tuesday morning. This is a typical VLO move with folks catching the falling knife.
These folks move the market. When they are buying(whatever sector) it is going up. When they short (whatever sector) it goes down. Barron's can say affect is minuscule but they are not trading. These folks will need to cover before VLO goes back up. VLO making lots of money and analysts are saying to buy while their brokerages are short. Give it time and they will be right again.
Big losses add up. Usually look for refiners to move up in July. We will have to see what happens this year.
The big money has to make money and they are having to take more sectors and stocks short to do that. They are short VLO, HFC, PSX, MPC etc. Think we will see some lower highs and lower lows as they continue taking them down. Fundamentally the news this week will have little affect on the earnings of these companies over the long term and nothing over the short term yet look at them again today. It is not going to be as easy as it has been to make money in this market on the long side.
Slow steady move. Is it worth 70 dollars a share? NO! Will it get there? YES! Is GPRO worth 40 dollars a share? No! But it got there. Wall street will make the money. Eventually they will go short again when there will be a lot of pain for a lot of people. Do not get caught holding as they are not going to keep going straight up.
Obviously they moved it up. I was wrong. Covered at 56.30 for 400 dollar loss. Think it will continue to have difficulty as a store but the big money will decide how it trades.
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