Yum! Brands, Inc. Message Board
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3.50, or less, seriously.
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I'm thinking
Sentiment: Strong Sell
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A break of 40.55 breaks a 1 1/2 year higher low trendline ( and coincidently the 200 day moving avg, and the intermediate lower pullback support level). The next trendline downside support level is $27.00. I expect the $40.55 level to be broken after a gap down tomorrow. The real downside support level is $18.75. That's the level that should hold as a temporary support when hit ( likely later this year or early next year) , before the eventual fall to very low single digits.
Sentiment: Strong Sell
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Since you asked - Yeah. I do expect he will be discussing lousy guidance and many other lousy metrics tonight. He will, OF COURSE, win cramer over to fully believing the accounting scam - hook, line, and sinker. But that just goes to prove the cliche' that - you really can "fool some of the people ALL of the time". For the rest of us with a brain ........
Sentiment: Strong Sell
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Why does it feel like DOW is down 200 points?
by bmkbusinesssolutions •May 22, 2013 3:03 PMlnkd trades on the nyse. maybe you should just get out of the market altogether.
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Robyn, like i stated in my prior messages, I wasnt looking for a point that a "correction" should begin from. I have been looking for a point that would become the tipping point of history. I pointed out a few times that 'due to the nature of the final rally' ( which I always believed was a blowoff top) that it would end in one of two manners - either an island reversal top, or an outside reversal day. That day, in my mind, came today. I dont believe the spx or djia will trade above today's high for AT LEAST two generations ( ie, 50 years). Tomoorow night should be a lot of fun for the shorts after CRM 'earnings' release.
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We missed a chance for the island reversal on Monday, but in my follow up message yesterday , I pointed out my expected outcome of an outside reversal day either yesterday or today. Today is a picture perfect outside reversal day coming at the all time high ( providing the spx closes below 1662.67 - currently at 1657.21 with an hour and 20 minutes to go). This very day looks to me like the highest the markets will reach for at least a generation, likely much longer. Crm remains pathetic and could not even reach a new high his morning despite the huge early positive move in the markets. Charts look like $35-$37 , if not much lower, before June expiration. And that would just be the very beginning of the catastrophe that awaits this stock. Expect a gap below $40.55 on Friday. Best wishes , shorts.
Sentiment: Strong Sell
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Island reversal top not made today with positive move in the spx. This does not change my opinion in any way. I can see an outside reversal month for May of 2013 with a close below 1536 in the spx ( curently within 3 of all time high at 1669). If that scenario is to take place, the reversal should begin on this day with an outside reversal at the all time high made requiring a close below 1652.45 on the spx) or in the next 2 trading days, and the major down days should be May 30th and May 31st. With the technicals positioned as they are and this euphoric sentiment surrounding the overall market, the markets are setup for a 'flash crash' type dya on May 31st. Since this is the CRM board, Crm did NOT move to a new all time high today along with the overall markets despite being only pennies away from it prior to opening and with jim cramers begging and pleading on friday night and this morning. CRM will implode after earnings, zero doubt in my mind. The stock is headed to low single digits over the next 4 years. It can then pray for a buyout when its hovering around $4, or it can just go insolvent. My guess is a buyout will eventually come in the $5 range. But hey, I'm an optimist.
Sentiment: Strong Sell
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Possible Island Reversal Top for entire market made today
by jkanalysis •May 17, 2013 7:45 PMI got back into crm today. I bought June 47.50 puts at 2.72 about an hour before close. I have sell orders for half at 7.00 ( 40.50 on stock), other half at 9.00 (38.50 on stock). I may leave money on table. So what. Even if that drop occurs, the drop after the next earnings report should be far worse in my opinion. When it comes to timing stocks, Jim Cramer is about as clueless as any individual on the planet - bar none. Good luck, Foxy. I believe your perseverance will pay off magnificently.
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Spx gapped up and closed at an all time high and , for that matter, at the abosolute highest price ever recorded at the very close. With an unfilled gap down on Monday, it would put in place an island reversal top at the absolute all time high to the very penny. I havent posted on here , or any message board, for many months. But I feel strong enough about this moment in time to post now. We could truly be witnessing the end of it all - for good.
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Did Cramer just call the top--actually a double top with his excitement at this level several weeks ago
by everfoxy •May 17, 2013 6:32 PMFoxy, I believe he did.
Sentiment: Strong Sell