GM up 88 cents. F up 8 cents. GM having to recall millions and millions of vehicles. Costing them millions. F having to recall some vehicles also but not anywhere compared to the vehicles of GM.
Not trading a lot of shares. They continuing refreshing on the offer. As long as they do that those covering will just lower their bid. Certainly doesn't look like there is any interest in buying. It appears it is mostly short covering. Of course if you shorted at 85 three months ago you have a nice profit and would be taking some off the table. Looking for a gap down tomorrow.
They sure keep you guessing as you try to figure out what will happen. Your scenario does appear to be what one needs to wait for. The big money (free money) will decide. This morning F had record sales which were much better than anticipated. So the stock is up 9 cents. Big money had a bunch of shorts anticipating a worse scenario so with gap up they have to take it down. With all the liquidity they have been getting it down is an easy task. They do not make the 100 million a day profit trading by not controlling the price.
Many of those detainees should have been released as they had done nothing wrong. These 5 individuals will kill more Americans. I agree that Bush stunk as a president. I am sorry but Obama has done what he said that he would do. He has brought change. Granted it is change that is resulting in becoming a country that the forefathers left to create the greatest country in the world. Very negative things are in store for the middle class and poor of the USA. Obama has become omnipotent with his smooth deceptive speech. Be happy and cheer up because things are going to get much worse. From a stock stand point F has seen it's high of the day and they are selling the news looking to get out before the fall.
Steve I agree with you. The one problem that we have is that we do not move the market. Do need for some of these shorts to cover before earnings. If they are still short at earnings, even if LULU beats there may be a small gap up but they will short it back down. At present there is some big money short and they do not permit a short squeeze.
Shorts definitely in control. Will they cover before earnings. I have only been to two stores. A store in OMAHA and it was packed and a store in Canada who told me that they can sell all the inventory they get. Maybe these stores are the exception but it would appear that earnings might be good. Yet look at the drop in price today. Volume might be light but this is quite a drop with few buyers supporting it. Earnings June 12 so not long to wait.
You are the individual one would like to talk to in person. I have not lost any money on SPLK because I have only traded it. But there are many on this board that have. For you to say something like that to them has me wanting to put a little action to your talking.
Appears to be heavy selling so I sold for a small profit. SPLK is too close to the new 52 week low and if it closes below that it could fall much further. I am seeing some sector rotation out of these momo plays today. You have WMT, TGT, PEP & EBAY moving up on a down day. WMT and TGT missed their earnings. Good Luck!
Don't count on that happening to SPLK. I did purchase earlier this morning but am not expecting a big turn around of 50% in the next 6 days or the next six months. This is a big trading stock at present so would expect it to have some movement for trades in the next few days. I may think this move is a little overdone but I am not the one that moves the stock so I will stay nimble and trade but not invest.
If you happen to be long in SPLK you are still probably going to be in better shape than BLOX. There is going to be lawsuits galore for that mess. SPLK will live to play another year. Business is growing and will continue to grow. Expenses in comparison to earnings will be less magnified in the future.
Yes wall street is a little deceiving. There was heaving selling volume AH so it appeared that they were serious in taking it lower. I think big money was already short. The larger costs of business for SPLK accelerated the downward movement.
With it beating the earnings even with higher costs I certainly did not think they would run it down to a new 52 week low. One might think that this market is somewhat manipulated. Do feel sorry for the longs that listened to analysts and thought that they could make a bunch on earnings. In the BLOX situation the analysts were almost assuring folks of a beat and guidance being raised. I lot of hurting folks this morning.
Not when your the institution with the money. You can short far more than is reasonable and then buy it back. They are not gambling, they are controlling.
A lot of folks are hoping that you are correct. Many have been catching a falling knife and now it is getting painful.
After gap up downward pattern. Makes lower highs and lower lows. Has settled into that again today. At present it is somewhat stagnant similar to the market. Maybe they can get a different tax rate which is more
favorable like AMZN. Still trading it short as the pattern precludes. Will cover before the end of the day.
Just wait. Be patient. When it gets in the forties and moves to 51 he will mention that he told you to buy it. You will still only be down 6 dollars when that happens.
Once it begins moving down it usually continues down for the day. It is a great trader. I will cover near the close. Has worked great again today.