It appears a lot of folks, for the short term anyways, are not expecting too quick a turn around. Only hope for longs is that Cramer comes out and shares that he was wrong yesterday to tell folks to buy. If he says to sell, sell, sell you may get a little pop. I have no shares as I covered my short today. Probably premature.
Have my doubts that it will close at 62. I am long but just a trade at this time. I was short at 60 and thought it would go to 56 or 55. Was wrong and covered at 59. Went long at 60.05 thinking that resistance will be 62. We will see what the big money has planned. Maybe they will take it much higher as the upside breakout from the wedge formed. They decide and I try to follow.
It is a little ironic that you go fishing and they use u for the bait. Now that hurts. Goldman stuck that hook in our noses rather smoothly. Didn't really feel it go in but now it is painful.
Well I am buying here at 44.50. Some big money must be short and has taken it lower to get out lower.
Good for you if you are making money but that condescending attitude is a little much. You certainly are not going to be enjoying your money that way. You will not be able to see what you are doing with two swollen black eyes and a broken nose.
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.