Left young market makers with responsibility to cover some more shorts with the sell orders of clients. Just an exchanging of money. Brokers making money with the covering of short. Clients making less money than they would have had they sold 2 months ago. Deciding some profit still better than no money.
You are a lamb looking for the sheep. A follower of hope. Your wise rebuke has been nothing but folly. Have discovered that you are a lonely poor fellow who has lost his money and his way. Change your ways my friend and take a more positive path. You can not undo your past. Learn from it and begin by giving positively to others. It will come back to you many fold.
Realize this is small consolation for those that bought at 50 and didn't sell. Hopefully it will go back up for you
If you look at the money that the air lines are making they are undervalued. There are so many stocks that wall street has long that are so overvalued it is a joke. They will cover their airline shorts and move on to some other sector.
I did not buy at 42 but did buy at 42.15. It appeared that there was a bunch of short covering. I just sold at 42,60 as it has run up too fast. We will see what happens the remainder of the day. I think it goes higher as there are a lot of options at 43. Watching for now.
Great move. It didn't make it to 42 but maybe you have an inside track and covered your 7000 and went long another 7000 with your firm.
This kind of movement and volume is not coming from retail investors that get scared.
This makes perfect sense to me. Wall Street is short airlines. They are the folks that move the market. The pick on a sector and down it goes. They put out info to exacerbate what ever direction they take. If you listen to the board there are positives and there are negatives. Feel bad for longs but wall street has to make more and more money on the short side with the market at all time highs. They just pick one sector to go down and another to go up at the same time in order to keep this market steady. Look at DE. Their profits were down 30%. Yes 30 percent yet wall street is long DE, CAT, etc. So what happens? Can you imagine what would happen to airlines right now if their profits were down 30%? Much more carnage than you are witnessing right now.
Wall street shorted this a couple of months ago. Covered after just over 2 weeks. Shorted again a month ago and it is already down 10 points again. Easy money if you have it to move market. WOW! Painful for longs.
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.
It is getting close. This banter was just to change the conversation to HPQ rather the political jargon.
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.