DE's profit dropped 30%, yes 30%, yet it is up to close to the 52 week high. Retail folks are going to get smashed one of these days when we have a big collapse in the market. CSCO trading illegally with Russia to make more money. So much is about making more money no matter how we have to do it. Folks can get away with doing wrong for a long time but there comes a time that we will pay for it.
You can lower your expectations but in reality this quarter was one big miss. Wall street may be long so it may not go down. Commercial revenue down 7%, retail revenue down2%, printing revenue down 7%, total hardware units down 4%, supply revenue down 5%, Business Critical Systems revenue down 15% and we could go on. There is a reason this market continues to make all time highs. It is not because of fundamentals.
One day this whole thing is going to come crashing down.
During CC Margie is going to say that they are taking another direction as a company and are laying off another 10,000. Wall street may then run it up. Will be interesting.
Going to need more buyers to do it. Sellers jump on when it gets to 33.90 area. Breaking through the 34 would be thru resistance so I do not think it will happen. After earnings and CC then maybe. CSCO, INTC haven't done anything at earnings so do not expect much from HPQ. Never know as sometimes HPQ goes up with what I would consider poor results. Big drop after last earnings so suspense is the word.
Total manipulated move by wall street. Yes the earnings were great yesterday.
My thinking is that the CEO was asked to resign. They need to get this mess behind them so they can move forward. It is a prudent move.
They could put an individual in the position of running the company that has integrity. They already have the base for a business that is always in demand.
Oppenheimer gives DDD the thumbs down and SSYS the thumbs up. I had bought at 21 as a trade not an investment. When it fell thru the open on Tuesday I sold. Did not like the selling volume so even though I think the selling is over done wall street does their thing. I will continue to keep on my watch list. Have watched this for a year now and only made one trade. I do think that DDD is going to have to show some visibility and more shorts will cover before we have a serious run. GLTA
Welcome to wall street Rick. Wall street is so overt now that they willing pay the 30 million dollar fine for the mega millions they make with the collusion and fraud.
I will admit something else. I nibbled at some at 40.90 last week and was thinking of getting a little more today. I changed my mind this morning.
It is more than Jewish doing this. This is the legal part of stealing on wall street. Wall street was already short. This is how they make over 100 million a day trading. Might have been quite a bit over 100 million today with a 9% drop. UAL was down over 10%. That is a lot of money to lose in a day.