The lower high appears to have moved down to 60 so I shorted at 60 this morning. Is only a trade at this stage unless we move down under 55. It appears there will be a bigger move coming. Do not know if it is up or down but it is coming. Me thinks it will be down but the big money makes that decision.
While they went short with your shares as you purchased your shares from the short shares that they sold, they would say that they were right on. You lose and they win
The place is packed with product flying off the shelves. I have a relative that has a LULU store in Canada and they can not get enough product. It just seems like the higher end stores appear to be doing better than other stores. When you think of the decisions government is making this makes sense. They are making sure that the rich get more so stores like LULU should do well just as JWN, a higher end store, just beat. We will see.
If you put your stop at 53.32 you will not be able to take advantage of the fall to 40. I have no idea where it is going. When It made the lower high at 60 I shorted as I thought it was going down. I am still short waiting to see what the real money does. They may just stay in a range from 55, 56 to 60 or take off higher or drop low. In the interim I have been trading the range which is getting smaller.
We will see what the end of the day brings.
TWTR down 5 cents today and FB you know. TWTR lost more money than expected this quarter while FB making money and growing rapidly. The FED has PUT so much money in the hands of these financial trading institutions That they dictate the direction of the market. They take the market up to these new highs yet are shorting particular sectors and stocks that move how they want them to. Be careful trading as it is your money that they take. They win in the trading game. Yes even if they lose the FED bails them out.
Do find that the Deutsche analysts do follow the crowd. I just bought some at 42.60. SPLK has over 7,000 institutions using their product. It is growing rapidly whether the market moves up or not. If i am too early I will sell at a small lose. It will remain on my watch list as I think it is a great company that is going to do well in the future. Yes the same big money people that took it up and made a killing are now shorting it down. It went up too fast and has come down too quickly also. It can still come down a long ways yet so do your due diligence and trade safe.
Sold at 42.55. Will look for a pullback and determine whether to purchase again or not. Stock is in a downtrend and broke it's previous low so will take the profit and may not purchase until it breaks 42.60. Probably sounds stupid but pigs do get slaughtered and I am willing to lose a little to be able to make more later. In this market I am investing I am trading. If we do have a big correction then I will invest. I have no intention of holding stocks long if the market corrects. Then I have little to make money on the way back up. GLTA
I bought here near the bottom. Paid 41.35 Do think that over the long haul this will be a great company.
New yearly low in SPLK. This is not folks selling their shares after it goes this low. This is the big money shorting and making a bundle.
With sales being down so much you wonder if there had been some channel stuffing. Certainly not looking positive.
When FB didn't close above 60 yesterday this may be a new lower high in the trend. Appears that it will move lower again today if that is the case. Will see how it plays out but it sure has responded strongly to the upside on good news.
They did speak. Keeping it under 60 for now. Some of the other momo plays took a kicking again though.
SPLK, DATA, ULTI. So the good news had no lasting affect. Acted out on script.
Lots of hype with thought of opening office in China. CITIGROUP sharing that the pullback in internet companies is a buying opportunity with FB being their number 1 pick. They are not buying yet. Still think you will not see a run up in FB yet because the big money shorts have to get out first. I may be totally wrong and they have been covering last week and yesterday. Waiting to see it close above 62 or will continue to buy, sell and short between 55 and 62 or maybe this is a lower high at 60. The big or smart or FED money or whatever you want to call it will tell us. GLTA
Earnings blow past estimates, stock down nearly 20% from high and you have upgrades galore. What does FB do? Down and down. Obviously they were short. Folks( we who do not move stocks) saying that they will beat and it will go right by 72. Well the folks with the money move the stock not us. They have spoken. Until they get their shorts covered you can forget about FB taking off. You hear about the short squeezes. It is not the big money people that get squeezed when they are short. So be patient. They will get long again. When? I have no idea when they will be covered. It may not even take place in the next quarter. GLTA