You take these shares! No, you take the shares. Jumping from hand to hand. Looks like 60 million shares exchanging today. Significant. It is wall street, so it could mean the exact opposite to what I think.
Am not covering as it appears that wall street takes it lower tomorrow. Have not even seen any downgrades today. Only recommendations to buy earlier this morning which were obviously bogus as it has just kept selling. Looks like a little consolidating in the 34.70 - 34. 90 area during lunch preparing for another move down.
Short at 34.94. No volume going up with big offers on the offer being pulled. They will push those offers on the bid soon.
QIHU may be no BIDU but it is still bad.
Continued refreshing on the offer as they take it down. Lots of sellers. May change but there doesn't appear to be real buyers. Lots of sellers and market makers sitting on bid covering their shorts in a very small range.
Still a lot of selling. Going lower so that does make it a good short. Selling volume is rather significant. The positive for all the executives is that the company can buy more shares to give them for nice bonus's while the stock price goes down. There we are. Down over 10%. For shorts a nice gain for one day.
Talk doesn't usually cost much. Realize market has been an endless bull and misses have been bought yet I think it is a little different this time with HPQ. Wall street has HPQ short. Now they will have to cover but I think that there are going to be enough funds getting out of HPQ to provide covering that will not require a squeeze. It will be down 10% soon.
That is the word on the street. Are they or are they not increasingly challenged?
They were the hottest thing. They have definitely slowed down and they may have over shipped last quarter. If that is the case may see it going lower before much higher. Channel checks have not been positive for this quarter either. Do you due diligence.
I meant covering my shorts. I just returned from lunch and I had put in an order to cover the rest of my shorts at 44.20. I admit I didn't think or want them to be covered but they are gone. Now I am looking at going long. They went thru 43.80 which was what I thought was support or if it kept going down would be resistance which is why I set the covering price at 44.20. Will wait to see how it behaves the last 2 hours before making a decision. GLTA
Selling some of my short here at 43.55 as they say that pigs get slaughtered. Was going to cover some at 55 in December with idea that it might go up some and I would short again. Didn't do it and GPRO jumped significantly. Now it has dropped even further. Market at record highs and we have not had a sell off in overall market. Do think GPRO and a lot of other stocks are going to get hit hard one of these weeks. Covered 1000 and thankful for the gain. Holding the rest short unless it closes above 44. If it does will cover and wait to short again.
Obviously the trend is down. Has been trending down since the beginning of October. Shorts do not look like they are ready to cover with much of their investment. They are still using their trading funds to short and cover therefore moving it down. Not any serious covering of their short from initial investment. Appears that they take it lower.