Again for the sake of a few will put so many at risk. This is why folks have supported Trump. He makes statements, as ridiculous as they are, that say he will no longer let a few(rich establishment) #$%$ all over the majority. TGT comes out and basically says the majorities rights do not matter. What a recipe for disaster. Is it the few that shop at TGT.? Most of them have never been in a TGT store. They say they are taking the bible out of the store because this discriminates against other religions. Just say that the bibles are not selling. These executives are not only unwise they are ignorant regarding how folks think.
Downside revision could be more than 25% if they hit the bottom number projected. Definitely is bad but there will not be anywhere near a 20% correction in the stock.
Was thinking they must be counting the missed earnings at this price. Now thinking still some heavy big money shorts in this and they are going to take it down even more after this evenings earnings.
I sold one thousand today for 37.10. You can pick whatever thousand you want to sell. Those I bought at 36.08 or those at 35.10. I still hold a thousand. I was prepared to sell under 36.60 and take a smaller profit. Would be nice if they do upgrade and have a nice jump. It still may move up as there seems to be some insider buying. Sorry if you bought your shares much earlier. Please don't take your frustration out on me as the only person this appears to be bothering is you. Maybe it is better if you get upset with me as it doesn't bother me. This way no one else is hurt. You certainly do not need to listen to me.
Yes it is a CROOKED GAME. I bought last week just over 36 and yesterday just over 35. I hear folks saying this is an investment. It is not for myself. I do not trust Wall Street. I sold a thousand at 37.10. Goldman could come up with an upgrade and move it 2 points tomorrow. If they do I will sell the rest.
If it goes under 36.60 I will sell the rest. If this market does correct WDC will go much lower. At this stage of the GAME with the market still so high longs need to be careful. Wall street needs to make money and it is going to be much easier for them to make money on the short side. GLTA
They keep it down again yesterday on a nice up day as they continue to cover and go long. Now they have folks so scared they stay on the sidelines after losses. So they now buy at these very low prices on a down day. The world talking about the sky falling now and retail folks have left the market. I wonder who is buying WDC today?
Do not think it is about respect but more about positioning. Wall street moves the market. They take stocks up that are now where near the value that they are trading. Of course they can always seem to find a reason you should buy. After they have sold and went short they seem to find reasons that you should sell. They say that they are not lying. Well it is like we as humans. There is a positive and a negative side to all of us. They person we portray to others is the person they like or dislike. Wall street will portray the stock in the manner that they want to move the stock. After a stock has got burned like WDC, WS often has a final push down to cover and go long. Have no idea if that is happening here. Maybe they take it even lower.
They have shares to sell from a client. They sit there refreshing on the offer covering their brokerage's shorts.
They they remove offers leaving small lots and bingo 35.02 to 35.53. Department stores that missed horrendously well back in the green. Be careful out there gang.
BAC downgrades, shorts a bunch of shares and SNDK folks decide that they are better to take profits and run as the market could be in for a big correction.
BAC makes a lot of their money trading and investing. They often have an underlying reason for their recommendations. Could be to take it lower and continue down or drop and load up. That you do not know until after the fact.
Appears that I was a little premature in my buy. BAC downgrades today now that it is this low. Will open lower than the close. Wall street may be going to take this market much lower and consequently WDC would also going lower.
The other big hurt is AMZN and other on line companies. Folks buying so much in that manner. Retailers are finding the competition has become somewhat overwhelming.
Shorts are definitely doing that. Do not know how low it goes but appears it goes lower. Continues to make new 52 week lows on good volume and the market has not had a correction. Bad sign for longs as it appears that it will keep falling. Had a little wiggle up the other day just to confuse a few people and then continue right back down. A lot of SNDK holders taking their gains and selling WDC.
Department stores just getting crush. They are all missing. The rich don't shop at these stores. The other 99% have had to cut back so there is a lot less shopping.