Wall street brokers have been making a bundle short after having encouraged folks to go long. Now selling picking up as clients are now selling while losing significant money.
This is wall street and this is how they put the fear into the market. They short and of course without them being the buyers it goes down quickly. Traders get fearful and sell so it exacerbates the problem. Then there is a lull as wall street covers a bunch of shares clients are now selling. When they quit covering it goes down further. This is what they have been doing with airlines, transportation stocks and other sectors. Wall street is making a lot more money short now then they are long. When this happens market begins correcting. In 2008 wall street that created the mess with the over priced market made a bundle shorting.
They are shorting and selling like crazy. Going lower.
Good to make it a little more jovial as it continues to move down. The dividend doesn't look so attractive when the stock continues to fall to this extent.
They do not care what you think of them. The CEO from AAL will just withdraw his millions to purchase new cars and homes whether the stock is at 39 or 56.
I do not know whether it is time to get out or not. I do think that it is going lower though. Now analysts are saying that we go to 23 then we go back up. Basically they are telling longs to hold longer because it only goes another 3 down and then maybe back 10 or more. They first part is probably true so they make a little more on their short. It is going to 25+ today and this market is selling off.
We know that earnings are not going to be as good this quarter. Wall street taking advantage of the short opportunity. Wall street trades this stock. They cover and go long and it moves up for no apparent reason.
They sell and short and we hear about lowering the estimates again but 2 H to be better. Those that are long are hoping that the lower earnings will already be priced in and the guidance is good. I am waiting for earnings and guidance. There have been a number of sectors getting hit hard with shorts. INTC buying ALTR puts the hope of a purchaser for MU on the back burner. Will wait to see what wall street does with MU. GLTA
He did provide a way that some folks that bought at the end of the day Friday could get out with a profit before it continued down.
I do not want to be discouraging but if wall street goes short this market these rails will go much lower very quickly. At present they are short only particular sectors. I know rails have fallen fairly quickly from March yet one needs to remember that the market has continued up to the highs. If the market corrects a bunch or even goes into a tailspin these rails will get hit hard still as in 2008.
They ship a lot of oil via rail. There has been a very big cut back on the amount of oil being sent anywhere. Rail has had a significant cut back so their profits and revenues are lower. Consequently their stock price is going lower. Shipments in Canada and the USA are both down significantly.
They continue reiterating the same news. Estimates lowered with stabilization in second half. Wall street making more and more money on the short side.Retail folks that are stuck in MU from 30 continue to talk positive while wall street keeps moving it down whether positive or negative talk. Fundamentals with low PE may scream oversold but wall street ultimately moves it in the direction they want.
This is what happens when wall street is in control. You nailed it when you said that they were short. If Wall Street is short you do not have enough buyers so the direction is as you see. Look also at KSS. Beginning to look a little like 2008. Wall Street gets serious about shorting and stocks fall quickly and continuously. Lower highs and lower lows. For 5 months WMT has continued to do this and if closes here it will be a 52 week closing low. It traded a little lower one day in October but finished above this price. Happy trading and be careful.
You are very accurate that the memory chips are not going the way of coal. I am not an investor at present. I am a trader. I was investing in 2009. I bought BTU in 2009 with plans to hold it long term. I sold it in the middle of July 2011 when it couldn't move over the previous March high and was aware of power plants that were discontinuing the use of coal. The hand writing was on the wall so I sold but will admit I continued looking for an opportunity to buy back. My thinking was that some would go out of business and the best could continue with all the coal that China was using plus India using more. The more and more that I studied the situation the less I felt that there was going to be a turn around. Some healthier companies were lending to those that looked like they would be going belly up.
It was too risky for me. I liked MU and purchased earlier as an investment. Last year when the volume was less and the analysts were calling for much higher prices there were so many shares always on the offer. With the market being up for nearly six years I decided to sell everything at the end of the 2014. This year I have only been a short term trader. I have been watching MU for 5 months. I have traded it a few times and admit I have not made much. Obviously you are an owner and I hope it does everything that you have shared and you do very well. I am concerned that we may have a market correction and MU is still in a downtrend so I am going to wait. It could make a new 52 week low next week. Wall street is making a lot more money on the short side now and I find that a warning sign. In 2007 I felt the same way and went to cash and only traded until 2009. I was out a little early in some stocks on the way up and was in a little late in some stocks on the way back up. I could be right out to lunch and the market will go up for another 2 years. If It does you will probably do much better than I will and I will be happy for you.