Have a number of shares on my watch list so just observing the action. YHOO happens to be one. May that explanation give you some sense of calm. If you are not feeling well sometimes gravol is good to take before the market opens.
Does appear that many used this little lift this morning to take profits and get out. A lot of folks in the red who bought this company above 42 thinking 50 a sure thing. Now it is not looking so sure. I certainly do not know where it is going. I also thought it was going to 48 with BABA shares but when it didn't move up on IPO day before 11:15 AM I sold. Still just observing. GLTA you longs.
Nothing they can really do. Rig contracts are not being renewed. Some that are going for lower prices so less profit. It is very difficult time for drillers. Of course it is worse for share holders of these stocks.
It appears to be going redder. Upgrade and it turns out to be a downgrade. Be careful out here with YHOO as it is a trading stock that HFT's make a lot of money from.
If this is the case why is there not more buying. There are certainly sellers in this 31.50-31.65 range.
Usually the only slam dunks are situations like BABA that the average person does not get an opportunity to take advantage. In less than 4 hours we will know.
Obviously this should move the stock higher. We are losing money. The FED will bale us out. You got it correct. They will use binder twine. We are just hoping we are TBTF! Yup! It is going up.
They are making less money, in less demand and being replaced. Price of crude does look like it will keep falling. For how long one does not know. Some of the drillers will go under similar to coal companies. Do think there may be more demand for deep water drilling because we will continue to need oil. In the interim the drillers will continue to make lower highs and lower lows. If your trading you may make some money. If your investing you may want to wait. Another disconcerting thing is that this market is looking some what like the 2008 market. We have a lot of stocks that are now hitting 52 week lows and falling hard while all the talk is about how great the stock market is. Big money is shorting a lot of sectors right now and it appears that this may increase. When companies like CMI and CAT are not doing well often the majority of the market follows.
Think that many that want to be long are already in the stock so these HFT's are just playing it up and down. Can not see this stock not beating when nearly every analyst and brokerage would have egg on their face. There are still some that are credible. The JPM and GS market makers may be just playing on others emotions and scaring them out of their shares. We will know Thursday after 4 PM.
Can not figure out why there are so many sellers in this stock. You have brokerages everywhere saying to buy and they keep selling. It is like they will not let it go up. Either they have a lot of clients wanting out because they have made big profits so they are selling in which case brokers happy to buy and keep price down so after good earnings it can take off or brokers shorting and they will sell the news after earnings. Granted there are other scenarios so will just attempt to follow the big money but not sure what they are doing. Full disclosure is that I am long from the gap down yesterday on no volume. The market makers they use are very deceptive in their real intentions. GLTA
We will see if it trades in this 31.10 -31.40 area. May be they give it a little push the end of the day.
Not really any different than most are saying yet they sell or short the stock. May tell one something about the stock market.
More sellers than buyers. Would not be surprised to see it go under 38 during lunch. We will see. They have set a lot of longs up buy telling them to buy YHOO rather than BABA while they are short YHOO big time.