Difficulty is knowing fact from fiction. Short now as the implication is that there are some realistic problems with VRX and integrity appears to be number uno. The president of the country may get away with that problem but not a stock.
Actually thinking was that short covering would help as they drive it back up. A lot of traders in this stock. Took profits here at 82. May continue higher but will be thankful for the gain.
S&P stayed over 2100. If you do what the market is doing you will stay long. They change the index's so over the long haul going up. SDS has it's own graveyard of folks that have been buying from 2009 only to sell much lower. Going to go back up again today.. Folks know the market is rigged now so expect to get taken to the cleaners. Gold and oil down, market up. Christmas selling and tax loss selling doesn't bring S&P down usually. China doing great now(LOL) so up goes the market. QE's world wide as debt not a problem. None will pay it back. Consequences are the market goes up, rich will become richer. Where there is a will there is a way. Market will still go up and still go down. Yes it will go down again. You just will not know when.
Going out of business sell. Nothing to buy. Get out. Only wall street will go long for a trade they control. Too much competition.
Treasury raises quarterly borrowing estimate to 344 billion. Go DOW go! Go S&P go! Go NAS go! No need to pay it back so spend it. Beginning to remind one of the Roman Empire when they ruled the world. We can do what we want with no consequences. For us it may look good. For our great grandkids it is going to look much different.
Wall street just taking the market up. Companies that have been missing earnings and lowering guidance are going up again. Fundamentals do not matter for stocks that they are taking up. They do matter for their shorts. You just have to figure out the difference. There is all kinds of money still for wall street buying. More is on the way.
SDS continues to make lower lows and lower highs. Trend is still up for the market and down for SDS as it has been for nearly 7 years. Getting thru October like it did and the negative news in China again today yet we move up lends to the trend continuing. If wall street wants this market to move up then that is what it will do and those buying SDS will continue to lose money. Granted not as much as they have in the past. I admit that I am waiting to go long SDS but I may be waiting for some time.
You could be correct buzz but it appears wall street is going to take this market higher. They have so much liquidity and the FED will be prepared to give them more. JPM is already preparing us for an interest rate rise while sharing that an increase will move the market higher. Basically they are saying this market is going higher whether rates are raised or not. Wall street is making mega millions shorting stocks that have little or no affect on the overall market and going long most stocks in the DOW, NAZ and S&P. Yes there will be a mighty fall but it may not be for awhile. That being said one needs to be careful as when it does drop we will see some hug drops. GLTA
Do not think that it will get to previous highs and yes the buyers have left for the time being. Keeping it on watch list to see the company's future. As it continues down it could be a buyout candidate. With this miss do think it will continue lower. GLTA
They missed on earnings and revenue. Looking more and more like MU. Most folks said to buy, buy, buy and they shorted etc. When earnings came out even though it was already beaten down, it was beaten down even further. Ditto tonight for GPRO. As was shared for the last couple of months, these are big time shorts in this that know something and they kept it down for a reason. Now we know why.
Loads of shorts in GPRO withe not a lot of covering. These are big short holders. They are not going to let a big short squeeze happen. Has one thinking bad news on the horizon.
I also remember Enron! I will wait for dust to settle and when the sun comes out will see more clearly whether there is dirt on the floor or not.
Suggest just observing unless you are a gambling. Then I reckon it may be 50/50. Probably fairer than a casino.