Market needs a little pull back. WFC did not beat so maybe a little pull back before they move it back up. Of course lots of liquidity so maybe the move under 51 is as far down as they take it for now.
Of course you really know what you are talking about.
GOLDMAN has downgraded HERO to sell this morning. They got up early to do that. Couldn't wait to execute the plan.
Now there are a lot of buyers in GTAT. JPM is going to have to collude with someone to stop this from going up too fast. Can they do that? Of course! The SEC does nothing about it. The SEC even comes out with a malformed reason that there is not too many naked shorts. Before the day is out they may even be able to bring it down some. They may be able to get a rumour out that there really is no sapphire in the AAPL product. In the long haul GATT will move higher. Be patient!
VLO nearly 20% off it's 52 week high. The big money must have had so many shorts in VLO that they are still covering. Not going to let it go until they are covered. When you have most of the money no problem with a short squeeze.
This is a trade now for the big money. They are taking it down. Sold earlier as they are sitting with volume. Could see a 10 point drop here. Reminds one of March. Had nothing to do with fundamentals it was all about trading to the down side. Maybe it just a trade for the day and they bring it back later but I will take my gains.
It's a battle to close above 72.62.Does seem to be a little more buying interest this last hour.
If they take it back to support at 63 that would be a 10 point drop. Will they? I do not know. it has been doing a bunch of consolidating here. They are either setting up to take it higher or lower. i will wait to see which way it goes before I get back in. Today the volume is on the down side. Tomorrow it could be on the upside. My couple of thousand shares does not move this. The big money decides where it goes. I'll try to follow them.
Be careful as it appears like a gap and trap. Couldn't believe that they were upgrading Macy's last week. Of course wall street was long and wanted to push it a little higher to sell before earnings. The SEC is just a stepping stone to get into JPM, GS etc. by pretending nothing wrong with the manipulation.
It traded down early this morning on good volume. It traded up on very low volume. That was a good sign if you were short. The were able to short more to a number of longs in this 72.55-72.80 level. Now they can take it down lower.