Would agree. Small gap up and then continued selling. The big money is short. Few real buyers in the market at this time. October around the corner. As Icahn shared with YHOO, a real blood bath coming.
People continue to try and catch this falling knife. Do think more and more of the buyers are shorts covering as volume is less and too many fingers have been cut off so longs staying away for now.
M has been toast since the middle of July. Movement down is picking up. No buyers so free fall taking place. May even be below 50 before the day is over. Mind you, even though it looks like they go straight down, they can still have 50 cents to the dollar bounce before going back down.
Maybe a few more shorts cover this afternoon. Not going to be able to move to the 40's like many anticipating until the big time shorts cover. The way retail is getting hit it may go lower. A lot of shorts in the market overall.
This, like many stocks, is still making lower highs and lower lows despite it's drop from the 90's last October.
M, KSS, LORS, etc. still getting clobbered. If one not short this may be why the word on the street is to be in cash.
M is going to hire 85,000 workers so they can have folks in the stores. They will help with revenues as they(new hires) will purchase items at cost. The bottom line is a negative expense. Could be why it is making new 52 week lows.
Countries all over the world in difficult times. Countries as they are can not make ends meet. Refugees coming that have nothing and no means of making money will immensely add to this problem. When one looks at this from a rational perspective we realize the costs are going to be beyond what we can imagine. Much turmoil coming to civilized countries. Going to be a stock market crash which is why the rich are shorting the market but attempting to have the uneducated to buy. Folks the worst is not behind us. This is just the beginning. Do not believe when the sky is falling that is the time to buy. Short and remaining that way.
When the big money is short, you know the direction of the stock. New product but of course still selling. Wall street making money on the short side. Buying the dips is now unwise while before it was an opportunity to make more money. As one can see for the last couple of months it is just an opportunity to get taken to the cleaners.
Gap ups and sell. And sell some more.
He said to buy HZNP when it was 30 + and now with Hilliary's voter grabbing attempt using the cost of drugs, puts a pessimistic spin on the stock. This guy demonstrates how corrupt wall street is and identifies how gullible traders are.
In a significant downtrend. In this kind of a market with wall street making their money on the short doesn't really make any sense in buying a FEYE going down with such gusto and not making money. There is no economic recovery. That has just been a complete fraud. It is just the QE's that have kept the market up. I do not look for interest rates to rise. Probably going to see another QE or form of it soon. Companies are still laying off big time. News out on CAT this morning has gapped down the market. You have the tonic water salesman saying to Buy, Buy, Buy DOW yesterday when things are slowing down seriously in China. I was asking myself "what planet does this guy live on"? Be very careful. Many folks think buying the dip will result in positive results because it has worked for seven years. Well we have not stored up anything for the now lean time.
Has been a wall street short for the last 3 months. Certainly are not going to make significant positive comments until they cover their short. Looking like it could go lower. Certainly a lot of sellers still refreshing on the offer. GLTA.
Purchased at 50.80. This seems a little much over the last 2 days. We knew they were not going to raise rates so this big a drop is just wall street making money on a trade.
No rate change. What a joke. everyone knew that yet they continue to deceive the public with unemployment figures and total lie concern the better economic situation. Big trouble coming.
It appears to be at the mercy of the movement in BABA. Yesterday BABA closed up 2+ dollars. YHOO closed up 30 cents. Today BABA is down 90 cents and YHOO down 37 cents. Down % more than BABA on down days but up less % when BABA up. When BABA gone not much for YHOO. Other companies are eating their breakfast. There is no lunch left at YHOO. No real leadership or vision from CEO. Do feel for YHOO stock holders losing money. CEO making millions.
This upgrade did nothing for stock. The big money has just taken it lower. Wall street always win. One needs to hope they do not pick your stock to short. Down it will go.
They made their money on BABA. It was a good investment. They should have sold sooner. Now it is approaching 52 week low. Downward spiral while market still near top. Look out below. BABA has come back nicely in the last few days but YHOO is toast. Really, how is YHOO going to grow.
FDX is basically telling us that things are not too rosy. They see a slowdown. They missed on their earnings and are lower next years earnings. Yet the folks (railroads) that are having an even worse slowdown, are up nicely today. Be careful out here folks.