The stock was at $35 then. It is $56 now. Could be a little overpriced. Will continue to need QE printing to keep market rising.
Still lots of sellers and maybe shorts on the ask. If they are shorts then it is big money keeping it down. The wealth effect is taking place with the financial institutions doing mega amounts of trading with printed money from the FED. They are not using it for loans.
Will be interesting to see what happens here. Still lots of shares on the ask. Not looking like gold stocks going to move up significantly. We will see.
Disconnect from reality except when government is reality. You do have elections but only those with little or no character run. Paper money is much easier to create.
Shorts continue to be the winners in gold. Go JPM go!
It is not AMZN where it continues to grow.
Look at all the selling and shorting yesterday before earnings came out. The selling and shorting picked up after GS put their price target at 65 with a conviction buy today. Not saying that it won't see 60 because with all the liquidity in the market there are plenty of stocks that are in bubble territory. The big brokerages are receiving much of the QE and using it for trading so as long as they pick your stock as a long, you will do fine. Hopefully for you longs CRM is one of those that they plan on taking higher.
We have went full circle again. They are back to telling you one thing and doing the opposite. Remember the mortgage mess 5 and 6 years ago with GS. Conviction buy for you. Conviction sell for them. I think conviction is just a figure of speech for them.
Brokerage after brokerage raises price target on CRM yet they sell rather than buy. Thinking maybe the big boys have decided they will make a little more money going short. May only be for a short time.
Can do business in a fraudulent manner and get the tax payer to be responsible for the fine. So the very people they cheated have to pay the penalty. It is no wonder their stock price and bonus's can be so large.
This must be what they call the American dream. If your a banker that is. What do they call it for the honest folks? Good folks have nightmares!