You are absolutely correct. Yet, when you are too big to fail you get to make the rules and if you break them it is only a small commission of a fine to sort of slap your wrist. Who were the big money winers of Lehman and Bars Stearns? Yes GS shorted them to the bottom. We know the risk so one needs to cut losses quick in this market. There are going to be some very big drops in some stocks as GS, JPM, etc. make a lot of money on the short side.
There is a reason that GS makes over 100 million a day trading. All the brokers know you do not cross GS. They call that "A recipe for disaster".
Wondering if there may have been a few buyers expecting to make some quick dollars anticipating that it would move over 5 dollars. Now GS has them in a situation that they have to sell providing GS with a golden opportunity to cover at a nice low price. Admit that I was looking for the opportunity to purchase but it had to close above 5. Most of the drillers have been moving up nicely.
GOLDMAN has downgraded HERO to sell this morning. They got up early to do that. Couldn't wait to execute the plan.
No fear! Have bought it back from 38 +. They are still printing 35+ BILLION to put back in market. Market still awash with liquidity. They have lots of money to keep the market up and identify certain stocks to short. We had another up day today. Have to love it.
May have been. Sold at 64.65 when it pulled back. Purchased again at 64.35. Will see what happens. Will sell at 64.30 in case we are going to have a selloff later.
Why would you buy this stock now? In 2015 we will have a big correction in the market. Buy it then if you like what is happening.
This is some consolidation before a move higher. This company is better than a gold mine. It is making mega dollars and will be making much more in the future. Be patient. Invest in GILD. Other stocks trade.
They make a statement sharing that they are honest which does what? Are they going to say we are cheaters? Would have thought they would address some particular issues. Even with ENRON there were folks saying that it was a buy while it fell. Not enough information given from CBI to clarify the truth. Jim Cramer has as much credibility as an ally cat. He reminds me of the tonic water salesman. That said, CBI will probably be a good trader today.
Continued refreshing on the offer as they move it down. Obviously a position they have decided to make some money on the short side. Significant volume again.
The shorts will be the ones to enjoy keeping from dropping more. They are going to make a bundle as soon as they cover. So mutual funds do not want to be owning LULU so they are a ready market for the brokerages to cover with the stock mutuals selling. That is why it is sitting in a very small range as they exchange shares. Now they will either move on to another stock to short or they may go long after covering and move LULU up 10 points for another nice gain. They do not make 100 million a day trading trying to nickel and dime a stock. There is no comparison to LULU and JCP. JCP mega debt. LULU no debt and making lots of money. This stock being this low is just wall street picking a stock and taking it to the cleaners.
Have sold at 38. Some of the CC call did not sound too promising in the short term. Take my profits and will keep it on my watch list. GLTA
Bought at 36.65. Realize shorts are in control but company still making lots of money and many folks still love their product. Some of these shorts will be covering as they have a lot of gains on the table right now.
Try not to laugh too loud. I will and it is trading. I usually do not hold over earnings unless I am confident by doing my DD that they will beat. I trade. I do not gamble.
I have only been in 2 LULU stores this quarter and they were so busy. I actually talked with one owner and they shared that they were selling all the stock that they could get. I have no position because there are so many shorts. I am thinking that they are going to beat but obviously there are far more that think otherwise. The stores that they examined must not have been doing as well as the stores that I visited. GLTA