It does appear that may be the case. Last night ADBE missed earnings by 15% or 51 cents. It initially went down significantly but came right back. Today it is upgraded. It is already a very overpriced stock. It is wall street that is long. In GPRO they still must have a bunch short. Wall street has become a total farce with the overt manipulation now. No fear of consequences from the SEC.
ADBE missing earnings by 15% or 51 cents. Yes, economic recover is a fraud unless you are wall street. They have made a killing at the expense of the general public. I think Ben called it collateral damage. A little different from no one left behind. No, they purposely left many behind. And now Ben says that some of them should have went to jail.
Having a secondary at 25 and now the stock is at 10. A lot of folks taking a big hit. I do agree with the doctor that a lot of folks will not have the colonoscopy. I do think that the stock comes back some but tax season will be upon us and there could be more selling. Maybe that is the reason there is so much today. Not doing anything today as one needs to think rather than act on emotion. GLTA
You are trying to pick blueberries in the winter. There are a lot of folks that are not going to get their money back that bought this EXAS this past year.
It will be of a heart attack after this.
The shorts have been covering for more than a week. They may be having a party but it is a celebration with the millions that they made short.
I would agree with you. The manner that she has changed her stance on so many issues reveals that she will sell her soul to get the position. Not the kind of person you want for a president. Look out America.
Yes they have vacated their responsibilities. I would call most of them cowards. Cowards basically think of themselves first and are fearful despite the angry presentations they can make. When you have the courage to stand for what is proper you will usually get treated with disdain. They have decided to let the FED do their own thing. Today they were telling us that there will be no rate increase this year and look for another QE next year. Market up over 300 points with all the negative news that came out today. Will be interesting to see if the market gaps up again tomorrow.
More bad news means buy the market. Terrible job news Friday and they buy the market. Service sector catches a cold and S&P cuts year end target again and they kept climbing everest in the storm. Granted it is a little different for them as wall street controls the market so they will sell it before they short it again.
Market up over 200 points and Nasdaq up 1% while GPRO is off 1.5%. Only hope really is that the shorts are covering or it is going lower. When no real bad news and the stock has continued down this much you know you have a controlled short play. It is illegal to do this but they do it all the time anyways.
You are in a fantastic position compared to many. This was a 98 dollar stock last October. Folks bought then. Folks bought at 80, 70, 60, etc. Wall street has made a bundle shorting this stock. There has been a lot of short covering this week by the big money players. It takes time to cover all those shares because they have to short more to prevent it from running up too much. Wall street moves the market and when they go on a buying strike there are few buyers.
That is not going to happen until the shorts cover. There is a lot of big money shorts in this so it will take some time before they cover. You will need to be patient. Wall street has made their bundle long on GPRO when they ran it up to 98. Retail folk are the ones holding and most will never get their money back. Wall street plays the game with controls. GPRO has beat and raised guidance for 3 quarters in a row yet it has went from the 90's to 30. This stock may go much lower yet if we have the crash many feel we will have. Today will probably go under 30. GLTA
It will not be going up much in this market. Wall street is short chips so if it has a little bounce they will eat them up and down it will go.