Goldman says these small time clients are similar to See #$%$ run. Watch Spot jump. #$%$ and Jane fall down hill. Maybe they are correct. If you bought DKS stock you were childish as it rolls down the hill with you.
I will admit I have been watching DKS but decided to purchase SPLK at 42.50 because the big money seems to be buying some of the momo trades after their big drops.
You may be correct only because the big money institutions may be buying and will create a little run up for a long trade. In reality as much as the rich are getting much richer the middle class is disappearing. It is the middle class that does the largest amount of spending at DKS. As much as the government gives stats that things are getting so much better they are not. Consumer spending is slowing down even more. Eventually the too big to fail will fail. Granted it could take some time or we could be just starting. I still think there is a lot of liquidity in the market and they are still putting billions in with the QE. Eventually that paper money will become just that. PAPER.
Still have lots of time to do that. I am just trying to follow what the big money is doing not what these analyst are saying. There has been upgrades galore and the stocks has moved down. The big money moves it down or up. They are not following what they are saying. Similar to Goldman telling folks to buy DKS. They short, earnings out and oh my goodness, DKS down big time.
The lower high appears to have moved down to 60 so I shorted at 60 this morning. Is only a trade at this stage unless we move down under 55. It appears there will be a bigger move coming. Do not know if it is up or down but it is coming. Me thinks it will be down but the big money makes that decision.
While they went short with your shares as you purchased your shares from the short shares that they sold, they would say that they were right on. You lose and they win
The place is packed with product flying off the shelves. I have a relative that has a LULU store in Canada and they can not get enough product. It just seems like the higher end stores appear to be doing better than other stores. When you think of the decisions government is making this makes sense. They are making sure that the rich get more so stores like LULU should do well just as JWN, a higher end store, just beat. We will see.
If you put your stop at 53.32 you will not be able to take advantage of the fall to 40. I have no idea where it is going. When It made the lower high at 60 I shorted as I thought it was going down. I am still short waiting to see what the real money does. They may just stay in a range from 55, 56 to 60 or take off higher or drop low. In the interim I have been trading the range which is getting smaller.
We will see what the end of the day brings.
TWTR down 5 cents today and FB you know. TWTR lost more money than expected this quarter while FB making money and growing rapidly. The FED has PUT so much money in the hands of these financial trading institutions That they dictate the direction of the market. They take the market up to these new highs yet are shorting particular sectors and stocks that move how they want them to. Be careful trading as it is your money that they take. They win in the trading game. Yes even if they lose the FED bails them out.
Do find that the Deutsche analysts do follow the crowd. I just bought some at 42.60. SPLK has over 7,000 institutions using their product. It is growing rapidly whether the market moves up or not. If i am too early I will sell at a small lose. It will remain on my watch list as I think it is a great company that is going to do well in the future. Yes the same big money people that took it up and made a killing are now shorting it down. It went up too fast and has come down too quickly also. It can still come down a long ways yet so do your due diligence and trade safe.
Sold at 42.55. Will look for a pullback and determine whether to purchase again or not. Stock is in a downtrend and broke it's previous low so will take the profit and may not purchase until it breaks 42.60. Probably sounds stupid but pigs do get slaughtered and I am willing to lose a little to be able to make more later. In this market I am investing I am trading. If we do have a big correction then I will invest. I have no intention of holding stocks long if the market corrects. Then I have little to make money on the way back up. GLTA
I bought here near the bottom. Paid 41.35 Do think that over the long haul this will be a great company.
New yearly low in SPLK. This is not folks selling their shares after it goes this low. This is the big money shorting and making a bundle.