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?
Jeffries analysts have been out to lunch on most of their calls. Of course I think that is when these conversations take place. The have lunch and few too many drinks and come up with these outrageous price targets.
IF you observe on the bid and offer, the offer for the most part just sits there. The bids for the most part are not real buyers. A few retail but mostly shorts covering to provide a market.
Market was up for a change but big boys are still short. BABA looks to close red again with a lower low and lower high again today.
The big issue with these stocks is that is cost millions to bring them to market. When they do not pass the clinical standards they have lost the opportunity to make money. They have only been losing money and the hope was that they could move to the next phase that would lead to making money. Of course this didn't happen. So often this will mean that they will never make any money. There are exceptions but this is usually the case. Hedge funds and the brokerages know this and short these stocks big time. Many of these stocks go to 0. Folks see the odd one the makes it and there is a lot of money made. Most of them do not make it. It is very much like the lottery. I hope for you that this is one of the exceptions and it makes it. I have no idea if that will be the case.
As you can see, they just continue to take this lower. As soon as they quit covering, it moves down more. There are just no real buyers. You may have some 100 or 200 share buyers hoping for a bottom but they are just retail folks that are going to lose a little money. Do not play these kind of stocks unless you can afford to lose money.
As low as wall street wants. At present wall street is making a lot of money shorting. Who is going to buy this today? Nobody but retail folks catching a falling knife. They have much more money and many clients wanting out. So they short and the majority of buyers are wall street covering. As you can see there were folks buying this premarket at 21.50 who have sold earlier or are selling now. This is what they call a blood bath. Now we are under 18 with market makers moving it down quickly during lunch creating even more fear which exacerbates the selling even more. Sorry for longs.
"OH my!" Now we have entered lunch time and the market makers get to play. They take a short position and pull the bids. Bingo! Quick drops. "Ouch!"
Fear and wall street can be very nasty. No buyers and now folks that bought the falling knife are bailing. Do think that it is overdone but wall street, with their control, over does things to great extents when advantage