They will be shorting more and more stocks and then downgrading resulting in drops like this. CTL hit a new 52 week low yesterday. Of course JPM downgraded it today and it had another 6.18% drop today. I have been in in cash since the end of 2014. Just trading now and looking for shorts like CTL. You are going to see a lot of stocks get clobbered short by these legal thieves. Be very careful if you are only an investor.
I covered here at 45.40. I have to admit that I did not think it would go that low but the volume has been low and shares continued to be traded on the bid for the most part. Wall street may continue to take it down but I am moving on. They will be looking for greener pastures soon as they have eaten the best meat off of this. They have been doing this to a lot of stocks lately. GLTA
Wall street is taking a number of companies to new 52 week lows. That was just the beginning then everything hit the fan and stocks really began to tumble. Some are justified, others they are taking advantage. This company is looking a lot like the coal companies did a couple of years ago. You can be sure wall street making a bundle shorting.
ROCK HILL, S.C., June 25, 2015 (GLOBE NEWSWIRE) -- 3D Systems (DDD) announced today the addition of its newest partner, MLC CAD Systems, the leading provider of CAD/CAM solutions with offices throughout the United States southeast and southwest. MLC is adding 3DS' portfolio of 3D printers to its existing design and manufacturing tools, creating a comprehensive digital thread for MLC's clients.
This may be why it is up.
Yesterday they thought it was now turning around so they bought. Now they have no money to support. Goes down very easily. Big volume yesterday. A lot of retail folks bought yesterday. They were not the folks selling after 2 PM. Now they are left holding again hoping, hoping, hoping. I do hope that it comes back for you.
I am short but only because wall street is still short KORS. They covered a bunch and then shorted some more over 49. I think the opposite regarding earnings. When we approach earnings wall street will have covered and we move up. This company is still making a lot of money. Watches are not their primary money maker. I do not know how low they go before they have covered their shares but I'm thinking it will be before earnings. I know that I will. This may hit a double bottom tomorrow and have heavy buying and i will cover then. Retail has got clobbered for the most part not just KORS. This is my thinking at this time. Doesn't mean that I am correct. Wall street is always right and I do attempt to follow them so my actions can always change. Good luck.
This looks like an old Jim Cramer play. Take it up on a few shares then sell and short. Very light volume run up.
AMBA tanking like it should! Way overpriced! This is wall street. They take them way too high when long and often too low when short. Look at MU. The company making more than these two companies put together. Wall street gets short and they do whatever to bring it down. Do not be surprised when wall street runs Amba and GPRO down. Get out of the way and let them settle unless you short.
Obviously a big difference of opinion here. Now, there does seem to be more consensus to the negative.
Most of wall street wants it lower so lower it will go.
Disclosure! I bought at 85.80 with the idea of selling above 86.50 later today. I do not like the stock action and the number of options trading at 85. Decided to sell at 86. Have no confidence what wall street will do here so I am out. GLTA
That being said, anticipating that BABA closes between 86.50 and 87 today. Of course wall street decides.
Who is accumulating? Few buyers! Low volume! Wall street traders that already have a short position. All they need to do is pull the bid and it goes down. Not heavy selling. Not a lot of sellers but buyers are not supporting. Trend is still down. Be careful. One day this market is going to correct and you will see some real selling. For now it is a stock pickers market as wall street picks their shorts and their longs. When correction comes it will be mostly shorts. Results in much quicker drops.