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.
That is what folks thought at 29, 28.75, 28.50 and 28. Then at 27.75, 27.50, 27.25, 27.00. Now they are selling to the shorts covering losing a bundle. Sorry for longs in this stock. To lose so much money so quickly is very painful.
If AMBA beat nicely this quarter yet GPRO did poorly then with AMBA lowering guidance for next quarter one would think that GPRO will do less this next quarter. GPRO stunk this quarter so doesn't look good for next quarter.
The Republicans have no leadership. Donald has made a fiasco of the whole party. Yes he is garnering the vote of many of the disgruntled. Many Republicans will not vote in the upcoming election. There are many Republicans that are terrific human beings with great character. They will not be voting. It matters not who becomes the nominee for the Republicans. The party has no hope of winning. Donald, the narcissist that he is, has done more harm to their party than another individual that may have attempted to harm the party. Result! Guarantees that Hillary will be the next president. She will lead. You may like where she leads but she will lead. The fall of the great USA is continuing.
Agree with the manipulation. Rather overt. Wall street has no fear of SEC. Bought some at 37 and just sold at 37.50. Took advantage of lunch time trading. Not sure what they do with it this afternoon. Be careful as there seems to be more wild animals in the jungle than trees.
They are serious about making money on the down side with KR. 37.05 down 3.60 is a significant hit. A rather huge drop for a supermarket that beat earnings and has no fear of going out of business. With this volume thinking it goes under 37.
Significant volume to the downside. When big money at wall street deicide a stock is going down you are witnessing what happens. would agree this was going down any how.