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.
AMBA tanking like it should! Way overpriced! This is wall street. They take them way too high when long and often too low when short. Look at MU. The company making more than these two companies put together. Wall street gets short and they do whatever to bring it down. Do not be surprised when wall street runs Amba and GPRO down. Get out of the way and let them settle unless you short.
Obviously a big difference of opinion here. Now, there does seem to be more consensus to the negative.
Most of wall street wants it lower so lower it will go.
Disclosure! I bought at 85.80 with the idea of selling above 86.50 later today. I do not like the stock action and the number of options trading at 85. Decided to sell at 86. Have no confidence what wall street will do here so I am out. GLTA
That being said, anticipating that BABA closes between 86.50 and 87 today. Of course wall street decides.
Who is accumulating? Few buyers! Low volume! Wall street traders that already have a short position. All they need to do is pull the bid and it goes down. Not heavy selling. Not a lot of sellers but buyers are not supporting. Trend is still down. Be careful. One day this market is going to correct and you will see some real selling. For now it is a stock pickers market as wall street picks their shorts and their longs. When correction comes it will be mostly shorts. Results in much quicker drops.
No doubt about that! Even wall street admits it. If one questions Yellen about this in a direct manner they are then omitted from the question room. You must placate the FED. It is a great old boys and girls club. The only cost is your integrity. They developed the number one show on TV as a reality program based on wall street.
the best liar gets the most. The honest folks get kicked out early.
HPQ had horrible earnings. The stock should have tanked. Instead wall street must have been long and they took it straight up the next day. Then they began taking it down as they were able to sell without losses. ORCL
had a big miss top and bottom and is already back 75 cents from last night.
Things definitely slowing. Greek scenario going to put more stress on the markets. Still lots of liquidity in the market. They will spin something positive out of ORCL!
They have had folks thinking that they were going to raise rates since the end of last year. You heard it here that they would not. So far they have not. Look at earnings. Company after company has been missing earnings. This economy is in much worse shape than the stats they use to tell you the economy is in good shape. Companies with much higher stock prices than last year are making much less than a year ago. Yet wall street says to buy. Actually BABA is one company that is making a bundle and growing. If you are going to invest in this market realize that your net worth may be worth a lot less than it is now. We have had a bull market for 6 years on monopoly money. China and Russia are already making deals and not using the American dollar. Full disclosure I am a trader. I went to cash in December 2014 and have only traded since.
Be careful. When wall street really goes short this market will go down with a serious decline.
Be patient. Wall street has been making money on the short side with BABA. They will cover and go long.
Break above 87 very positive. Came back down to it and then back up. If it stays above 87 would look to go long. Day not over but looking more positive.
This means back to the drawing board and decision time. This product did not work. Where do you think the stock price should be?