It could but even with the dollar losing ground today they still not letting gold move up. Until the JPM's let gold move up it will stay under 5. Of course if they do a reverse stock split again it will go beyond 5.
Some day one would think this would change but until they decide to go long gold it is not going to happen.
Bought at 14.65. They did beat. Chairman gave no reason for leaving. I am going to go out on a limb and say it is health. Very valid reason when no comment regarding moving on for new ventures or spending more time with family. Hopefully health isn't the reason but I am buying because because I think it may be and this is way oversold after those earnings.
One of these days gloom and doom will be a reality. It may be up on Monday. Yes I like DOW. It is great company. Wall street shorts great company's.I bought DOW in July of 2013 and sold in August of 2014. I have traded it a couple of times since for gains. I sold my last shares the end of May and have been watching since.
I am still watching it as I am some others. We are back to a support level here at 45.50. If it doesn't hold here it may go to 42. I will wait to see what happens.
They short and then provide a market by covering those shorts. It isn't necessary heavy volume. It is like today.They are not buying. They are covering clients shares that they are selling. Consequently it by moving the bid down and you have a nice consistent slow drop. At the end of the day the drop is significant. Dow is dropping a little quicker now. Stif look at the chart for 2008 and see the crater that DOW fell into. Be careful.
I seem to remember that in 2008 when many stocks had fallen very hard. Of course we all know what happened after that. I do not know when but it is coming.
All go down when the whole market begins tanking. As you can see you can wait if you like DOW and buy it lower.
That doesn't mean that it will happen.This is beginning to look more and more like 2008. Have been extreme moves down on some stocks this week. All the free money that wall street put into this hyper-inflated company at the beginning has left and went to shorting many stocks. When you see what has happened to companies like VIAB in the last month and a half. GMCR, KORS, NSC, GWR, XOM, RL, and we could go on and on. These are not companies that could go out of business. Maybe a BCEI, OAS, WLL which have been hit much harder although I doubt it. Wall street has been making a killing shorting these stocks. As much as the small part time, low paying jobs are picking up, disposable income is not picking up for most people. For the very rich yes. The greedy rich, I am sorry to say. are setting up a society that will lead to rebellion. I do not know what Mr. Trump stands for regarding how to fix things but I do like his honesty and not worrying about being politically correct. Our next few years are going to be interesting. I hear people saying that the USA will make the necessary changes that we will win out as always in the end. This may not be the case as we do not have leaders that have integrity and do the right thing for the people. They do the right thing for the people that can do something for them. They have charitable foundations so they do not have to pay tax and can give their family jobs and get benefits for themselves. This is selfishness in the guise of making sacrifices. These folks send other folks children to fight wars so they can make more money. Total hypocrites be they Democrat or Republican. With this kind of leadership a time of reckoning is coming for us all. GLTA
yes, certainly looking like 2008.
It is collapsing so they have no choice but to build.
Anticipate that wall street will be able to find a negative in results with how they took this down today. They had folks thinking that there was going to be a huge miss. Didn't happen but they will find something negative.
Yet here we have FAOXA near it's 52 week low. Has become a very overt covert market. Wall street as the bankers have no negative consequences for their behaviour. They get rewarded financially no matter what they do.
Would think that wall street knows something regarding earnings. Appears that it will hit a new 52 week low before or after earnings. Wall street crushing these media stocks. When mutuals want to sell wall street only to happy. They short and then can cover with shares clients want to sell.
Appears that it will get discounted more. Going under 51. Sellers and shorts galore now.
Buy! Buy! Buy! While wall street shorting the shares you are buying with. Result is a continuous downward trend with those stocks. FOXA out with earnings tonight and it is only down near 8% today before results. Look out below as new 52 week lows become the norm.