Appears that it is going lower. The jobs that keep the unemployment down are low paying fast food, bar, restaurant roles. They are not the folks that is going to move aluminum prices up. CENX is continuing to make new 52 week lows. If one has been holding for the last six months it doesn't make much sense to sell now. If one is thinking of buying here might want to wait until it stops falling. Wall street shorts can take these companies much lower before they cover. Those selling at this price have no intention of buying back in.
So you bought 2000 shares yesterday at 11.20. The stock is at 10.50 now. So let's say in 2 weeks the stock has went down to 9.75 and has come back to 10.50. You receive $180 for your dividend. Yet you are down $1,400 dollars from your purchase. You are still down $1,220 . Hope for your sake that this doesn't happen. This stock is a disaster for longs.
That is an adventure that you will not be able to hold your breathe long enough. You will drown in the ship.
The shorts taking this down are not retail. They are wall street. When they cover, they will have no problem. They will have so many clients wanting out or being forced out just to take a few dollars home. There is not even big volume in this selling today and look at how low it has dropped with no bounce. This stock is in a multi year downtrend and things are just getting worse for oil and gas. These analysts sound like the analysts for Micron. Buy, Buy, Buy when it was 36. Interesting that the analyst's firms were shorting. Well in just over 6 short months it is 18 and MU is making lots of money. CHK is a widow making if you are long.
Buyer at 31.40. Didn't think it would get that low but had put a buy order in. For LUV do think this is dirt cheap. This is a domestic airlines. They do not have to collude with other airlines.
This is why, with oil down, CHK is tanking. Stock is down another 5%. Tomorrow when natural gas inventories are up it will go down further.
Wall street is shorting this company not buying. When wall street is not buying you know that it is not going higher. You need to hope they cover a little before the day is over.
Going to get cheaper. Market makers didn't play any to the upside here at lunch because there is only sellers. Looking for lower prices and new multi year lows.
They said that 2 months ago. Then 1 month ago. Then 2 weeks ago. Maybe you will be lucky and buy at 10.70 today for a big bounce to 11 by next week. Those folks that have been waiting for the big bounce will need a much bigger bounce.
Oil and gas companies getting smashed. Saudi's knew wall street would not support oil and gas stocks. American greed would have wall street short the stocks and move futures down for big gains. Many will lose jobs in America but the rich will get richer. I see many similarities to the Roman decadence before their fall to what are our priorities as a country. Their arrogance as leaders is what we are seeing in the USA. I mean how arrogant can we get when 65,000 is paid to have the young Clinton daughter speak. We have lost our minds.
Some folks losing a bundle of money on this stock. Wall street making a bundle staying short and continuing to move it down. This has been the true falling knife. It will never go back up to what it was. This company is another overpriced company that wall street took up way beyond what it was worth, sold, shorted and made a win fall both ways.
That would be fine but why buy now. The market is in a tailspin. Why would they buy back now when they will be able to buy at lower prices. The shorts continue to take this lower. I have to admit I was short and covered at the new 52 week low thinking it would bounce. Obviously It didn't so I covered too early. It has went lower every day since. Watching and waiting. No hurry to do anything with KORS.
Used volume to take it up then remove bids. I think that JPM still short so covered a bunch and then removed bids and it falls again very quickly. You will see more and more of this. Upgrades to short higher and it may go higher for that day only to make lower lows.
Cooked may be an appropriate word. This stock has already been partially cremated and now it is getting burned some more. After being taken down so much already it is in somewhat of a free fall now. Probably not an appropriate chose of words if you are long. Nothing free about it. Hope you bought some puts to protect yourself.
They will be shorting more and more stocks and then downgrading resulting in drops like this. CTL hit a new 52 week low yesterday. Of course JPM downgraded it today and it had another 6.18% drop today. I have been in in cash since the end of 2014. Just trading now and looking for shorts like CTL. You are going to see a lot of stocks get clobbered short by these legal thieves. Be very careful if you are only an investor.
I covered here at 45.40. I have to admit that I did not think it would go that low but the volume has been low and shares continued to be traded on the bid for the most part. Wall street may continue to take it down but I am moving on. They will be looking for greener pastures soon as they have eaten the best meat off of this. They have been doing this to a lot of stocks lately. GLTA