There are many more than JEWISH folks shorting this. What I find ironic is the liquidity created with the huge QE to keep the market up and the 1% richer is still doing the same thing while taking money from the rest of society. The shorts making most of the money are the 1%. Average Joe are the people that they are taking the money from as JOE gets kicked in the butt again.
That would be fine but why buy now. The market is in a tailspin. Why would they buy back now when they will be able to buy at lower prices. The shorts continue to take this lower. I have to admit I was short and covered at the new 52 week low thinking it would bounce. Obviously It didn't so I covered too early. It has went lower every day since. Watching and waiting. No hurry to do anything with KORS.
Used volume to take it up then remove bids. I think that JPM still short so covered a bunch and then removed bids and it falls again very quickly. You will see more and more of this. Upgrades to short higher and it may go higher for that day only to make lower lows.
Cooked may be an appropriate word. This stock has already been partially cremated and now it is getting burned some more. After being taken down so much already it is in somewhat of a free fall now. Probably not an appropriate chose of words if you are long. Nothing free about it. Hope you bought some puts to protect yourself.
They will be shorting more and more stocks and then downgrading resulting in drops like this. CTL hit a new 52 week low yesterday. Of course JPM downgraded it today and it had another 6.18% drop today. I have been in in cash since the end of 2014. Just trading now and looking for shorts like CTL. You are going to see a lot of stocks get clobbered short by these legal thieves. Be very careful if you are only an investor.
I covered here at 45.40. I have to admit that I did not think it would go that low but the volume has been low and shares continued to be traded on the bid for the most part. Wall street may continue to take it down but I am moving on. They will be looking for greener pastures soon as they have eaten the best meat off of this. They have been doing this to a lot of stocks lately. GLTA
Wall street is taking a number of companies to new 52 week lows. That was just the beginning then everything hit the fan and stocks really began to tumble. Some are justified, others they are taking advantage. This company is looking a lot like the coal companies did a couple of years ago. You can be sure wall street making a bundle shorting.
ROCK HILL, S.C., June 25, 2015 (GLOBE NEWSWIRE) -- 3D Systems (DDD) announced today the addition of its newest partner, MLC CAD Systems, the leading provider of CAD/CAM solutions with offices throughout the United States southeast and southwest. MLC is adding 3DS' portfolio of 3D printers to its existing design and manufacturing tools, creating a comprehensive digital thread for MLC's clients.
This may be why it is up.
Yesterday they thought it was now turning around so they bought. Now they have no money to support. Goes down very easily. Big volume yesterday. A lot of retail folks bought yesterday. They were not the folks selling after 2 PM. Now they are left holding again hoping, hoping, hoping. I do hope that it comes back for you.
I am short but only because wall street is still short KORS. They covered a bunch and then shorted some more over 49. I think the opposite regarding earnings. When we approach earnings wall street will have covered and we move up. This company is still making a lot of money. Watches are not their primary money maker. I do not know how low they go before they have covered their shares but I'm thinking it will be before earnings. I know that I will. This may hit a double bottom tomorrow and have heavy buying and i will cover then. Retail has got clobbered for the most part not just KORS. This is my thinking at this time. Doesn't mean that I am correct. Wall street is always right and I do attempt to follow them so my actions can always change. Good luck.
This looks like an old Jim Cramer play. Take it up on a few shares then sell and short. Very light volume run up.