Significant drop after a good beat. They are cutting a lot of expenses for next quarter so will still make good earnings. Not sure if that matters at this stage. This stock basically trades how wall street wants. They have been short since November and December and it does not look like they are covering yet.
Wall street is short. They have the money and they control the market. It is fraud if you do it. It is legalized theft when they do it.
Upgrades are successful in a couple of ways. When brokerages have a lot of stock that they are long and would like to make more money or when they have a lot of clients shares that they want to sell. Mutuals are selling and other mutuals are buying. Of course it could be that the brokers are wanting to short so they are selling stock they do not have to the mutual buyers. If the latter is the case then look for lower prices. WE peon's are not privy to the broker's methods to manipulate the market. With all the money still being printed I do not see a market crash in the near future. The brokers are picking particular stocks to go short not the whole market.
JPM doesn't have records like no losing day in trading stocks because they compete fairly. It is just that the fines for illegal trading are only small commissions for the gain. If the fines are too huge the FED just prints some money for them to pay them. Sure is sad for all those folks that bought at 60 and thought they had a bargain. Keep smiling.
It is a little like the banks where they lend out a lot of money. The difference is that when they make a bad decision the government does not print more money for them to get out of their difficulty. They are going to have to make this money back on their own. From the manner it is tanking one wonders if their credit is a little
Problem for companies is that they eventually have to pay it back. Some companies beginning to follow the leader which is the US government and Obama. They are given everything and it is free. Obama may think he is god but really he can not hold a candle to many of the black leaders. He has just been a pawn for the Democrat's at the expense of the black race.
Would appear this is a bit overdone. CONN is still making lots of money. I am long from 36.75 and plan on holding for a couple of days unless there is a big run up.
This is not the US government that can print money when ever they need it. WLT still losing 55 cents a share. This stock will not move up based on fundamentals. It will only happen because wall street ,which is the government , has decided to make some money on the long side only to later decide to make even more on the short side. Be very careful trading this stock.
They are marching it downhill in a nice down trending manner. The news from KO helps it to continue making lower highs and lower lows. It is now down to prices of March 2013 and the market has not even had a big correction yet. Going to be interesting to see what happens as some of the staples in the market are getting beat up.
Needs to get beyond this 4.75 and stay, then the 5.00. Little jump today on insider buy. Think there are too many shorts that have to cover before they really move it up. This is what they call it the consolidation phase when the big money covers their shorts and go long. That can take some time as they keep moving it up and down in this range. Probably have seen high for the day and they'll move it back down some from 4.74.
A few shorts covered at 3:15 and when they were done back down it goes. Going to be a precarious time in the market this year. Be careful and enjoy the long week-end.