One has to be very savvy to own a company like YY with those fundamentals and yet the company continues to make new 52 week lows.
Where do all the shares come from that are being sold on the ask when a stock is making money and with lots of cash making new 52 week lows.If you thought this was a good stock at 60 why in the world would you sell it at 25. The brokers are just set up to refresh on the offer by covering shares they are short or purchasing themselves. Must be what the brokers call money in the bank. LOL
May hear something soon. It is actually good that they have not been buying back stock. Now it is really oversold and a buyback at this price could result in a nice move up. Granted it is so low that most folks will not be near a break even point as it has fallen so much. GLTA
This is another example of wall street taking advantage of the market. No real buyers at this time so they continue to take it down to new 52 week lows. There is no way from a fundamental stand point that his stock should be down 10%. Yet fundamental from a short position on wall street it makes great sense(cents) to them. It makes no sense that TSLA has been a 200 plus dollar stock but it has made a lot of cents for wall street. Now the retail person has been left holding the IOU's. Just not a great time to be in the market long. GLTA
Another Chinese stock that Lei, Li, He, and #$%$ done making a lot of money while Americans losing theirs.
Has been in free fall from 63 in May. Here we are a month later with it continuing to make new 52 week lows. Someone asked, "Who is buying?" Obviously no one. The buyers are shorts covering. Sorry longs. For your sake hopefully someone does start buying so the shorts will cover.
At this time the trade is over. Sold at 53.80 before natural gas inventories out. Going to watch for now as Brexit will impact the market tomorrow. I like refiners but that means little. Wall street will dictate so will try to determine what they are doing. AS well as TSO has done the past number of days, it is still in a downtrend. MPC broke out of its down trend this morning so will see how it closes. GLTA
TSLA in the green now. A stock that is not anywhere near worth this price yet wall street makes money shorting and going long on it. SDS will end up doing a reverse stock split. The doom and gloom has been going o for over 7 years. There may be a little correction but the market goes higher. It is a manipulated machine or machines that make money. Not going to change.
We will see. Bremain will take place with market looking like it continues up. Many of the earnings have been terrible, yet the market continues up. Will have to see the selloff before I believe it.
Certainly doesn't add any credibility to wall street. There is insider trading and then there is insider trading.
WOW! Do feel bad for longs who are taking it on the chin. Have no position. How can wall street get away with this. Doesn't matter if they have OJ's lawyers this should not happen.
I think they call it wall street money making. They will get away with this without consequences.
That being said and I thought VLO would go lower today, I have went long at 51.75 this morning after the drop to 51.27. Think that it is a little oversold here. It appeared to be stronger than the remaining refiners at that time.
Just a trade at this time. Still think that the summer is not going to be so great for refiners this year because of the weaker spreads. GLTA
All those longs hoping for higher numbers in the future to get back to 35 or 40 have been taken to the cleaners.
Law suites coming and do not think this stock sees 30 again.