Retail report came in stronger than anticipated. Wall street already short so have to bring retailers down some to cover before going long. HOG down nicely.
Cinda, you must have fallen down the stairs and landed on your head. Please do not trade stocks. Find someone to take you to emergency. This obviously serious. You need to get help before you do irreparable damage.
Would not be surprised to see it close closer to 27.50 on this Friday option's day. The closing price is already predetermined. I just do not know what price wall street has picked.
There is a reason these very rich folks who receive 20 million in salary plus bonus's have the power to do this. Their companies make 100 million a day trading. If you had the billions and colluded with other brokerages you could manipulate the market also. If your desire was to become president and these folks would provide the money for this to happen, you would give lip service to changes required to stop this fraudulent behaviour. If you are a person of integrity you would not do that. In government John Kennedy, Ted Kennedy, Bill Clinton Jesse Jackson, Tiger Woods(nothing to do with government) and the list could go on, are considered great hero's in so many folks eyes. Yes all cheats and liars. You are correct. Crooks are rewarded very well materially. Cheer up because it is only going to get worse. We are changing the laws of the land to legalize many things that are going to create havoc in our society. I find it so ironic that folks create charitable foundations so they do not have to pay taxes on monies earned and receive so many extras thru the foundation. Let's end on a good note. There are so many folks that are truly giving and sacrificial to others while receiving nothing for themselves. In fact they are in the majority. You just do not find them on wall street or the higher offices of government.
This is just the way wall street plays it. They were short going into earnings. One pretty well knew what earnings would be. If they would have been long they would have focused on the positives, earnings were .28 beating analysts expectations of 25.7 cents. Short, focus is on missed revenues. They should do a bunch of short covering here in the 13 area.
WOW! Does this hurt. Next they will cut dividend to help pay the 70 dollar share price. Remember when DOW overpaid for a company in 2008. It is back to the price it paid in only 7 years. Mind you the whole market is overpriced as a result of the QE and the next disaster is just around the corner. Share holders will get screwed but the company will still do well. It is the share holders left holding the fuel exchanger that is worthless. Executives will still get their stock options and be richer for it.
Thought you may like to know that I covered the TWTR short this afternoon at 52. Obviously you want to make a lot of money quickly. I bought DWTI at the close yesterday. I sold it at around 3 PM today. If you are wanting to make a lot or lose a lot in a hurry DWTI is a good one. GL
I think they shorted PBF on Tuesday & Wednesday. Took it down with IRAN deal and put this garbage out today to exacerbate the move. After lunch they began covering. Wall street firms do not make 100 million a day without a marked deck. I doubled down(correct, you shouldn't do that) at 29.40. Sold 1,000 at 29.85 and am still holding the 1,000 purchased at 30.01.
Do think that it is a little overdone with price target reduced a dollar from 40 to 39. Wall street does control things and they usually stretch it long and short. We will see where it finishes today.
Purchased at 30.01 as it sat in that area for some time. During lunch here the market makers have taken it even lower.
China has implemented the law of freedom of religion. The government makes the laws and tells the church what they can teach. They can teach "love your neighbour" and other positive social values. Other teachings from the bible regarding Jesus Christ as the Son of God and salvation are not acceptable as they could be disruptive socially. Here we are, a country founded on these principals, who will soon be putting our citizens in jail for expressing these beliefs. It may seem better for the government to feed the poor and make them more and more dependent on it but I am sorry, we are in for a rude awaking when the many selfish, powerful governing leaders dictate how we should live our lives. Dependency does not bring freedom. It creates slavery.
Would think that this would hurt MU. Samsung also doing well via taking business from QCOM. Probably a good reason why MU is seeing a slow down as they stated in conference call.
Samsung is definitely cutting into QCOM profits. I was involved with Samsung in some work they were doing and I must say that I was impressed with their quality and professionalism. This is going to be more pain for QCOM Shareholders.