Many of the buyers are some shorts that are covering. IF the covering shorts move on to a different sector will see the stock go lower. If they cover and go long AAL it will have a little move up in this downtrend. Shorts still look to be in control and wall street will continue to control whether they make money on the downside or on the upside. I thought RHI was a wonderful example of the wall street manipulation. Tuesday they had earnings and revenue that met guidance. Earnings were 10% higher than a year ago when stock was 56+. CEO shared positively on CC. Stock was 44+. Some big wall street money short so the stock goes down another 6 dollars. Retail investors wonder what is going on.
Certainly not funny if you own this stock.Last year at this time the stock price is 56+. This year's quarter beat the earnings of last year's quarter by 10% and ZACKS says that revenues where up as well. Gets a downgrade and the stock is down 6 dollars after already being down to 44 dollars. Certainly feel sorry for folks that own this stock. Brutal how wall street can get away with this. This was a wall street setup at the expense of retail investors.
Appears that it goes lower. We will see. Wall street was short this company before earnings. Significant volume today. Funds selling with wall street covering. Not a recipe for higher prices.
RHI and MAN tell us that hiring is not what is taking place. Millions of folks out of work and no longer considered unemployed so not on unemployment stats. Result, stats are good but in reality an enormous amount of folks out of work. Collecting assistance from the government from money being printed with no collateral. One of these days the smelly stuff is going to hit the fans.
Wall street still short despite these lower oil prices.
Looking for lower prices. They have a lot of resorts that do less business this quarter and it may be worse this year with the consumer spending less.
Getting to the point that the little person better stay away as one has no idea what is going on until it is too late. Do not see a crash in the whole market just a moving around regarding which sectors they will short as they make their money on the short side while still making money on the long side in other sectors. Has always been the way but not has become more overt knowing that there are few consequences that really matter for this behavior. The fines are a small commission for the huge gains.