Just my 2cts. Chart says it could go to 16 or 17 before it climbs. I do think it'll not get there.Close to 19 would appear to be a good time to start a position. One call to cramer's show would cause a move.
Heard from a source that people are dropping out of the program by the thousands. Main culprit seems to be as the economy improves and income goes up you get bumped out of the program. Thing is, people get pushed out before they're making enough to afford a plan outside of Obamacare. Under 46k you are in the plan. But once you go above that you're kicked out. Here in Ca. 46k isn't enough to make a go of it on your own for health insurance.
I was here about a year back. With the drop in bio I figured CELG was punished along with the rest of the sector. Which, I believe gave me an opportunity to jump on for a ride up in the stock.
Going to let the market finish today without buying. I'll be shopping tomorrow for the 'laggards' that don't recover from todays mess. Might even have to wait out another day to do it as this market might decide to fall a little further Thursday. Pats on the backs of those that bought NMM below 10.
The drop could have been due to a 'flash crash' I suppose. It could have been just a holder looking to get more 'bang' for his buck. But overall, when I've seen a big move down like this it is usually for some inside info reason. So I'd be careful in here for the next month. Any gradual decline in a stock is almost always precipitated by one of these big day sell offs.
I wouldn't be surprized to see a 30ct sell off the last 30 mins .
Thing is, the guy that sold on the close has friends. And those friends are more likely to sell with him than pick up his shares. And to add, WHY would anyone sell a stock that pays this high a div when you've got 50 million invested.?
Only guess is someone big got wind of an offering. In this environment I can see them wanting out. Offering (if it happens) must be in the low 9's. Since they were happy to sell down to 9.75
Funny how one company will immediately benefit from an upgrade while another doesn't move or even goes down. Take for instance this mornings upfrade to PIR and CG. Oppenhiemer upgrades PIR and JP Morgan upgrades CG. PIR really hasn't changed other than to give 'lip service' and it is on the move. Whereas CG which is much better positioned to move up benefits less.