I think this may be the one....
I have been accumulating for the past week and will continue to do on any weakness.
Ruined by KORS. Sad.
A chap managing his charitable trust was just on CNBC. Saying the wrong stocks (AAPL etc.) went down today and that people should sell stocks like WORKDAY that are trading at crazy valuations.
Took a big hit but need to stop the bleeding. This market is rigged. It won't go down. Whether it should doesn't matter I guess. In pain. Time to start the healing process.
From his blog pre-market:
I'd start buying into the downgrades. I just don't believe the turn, after being not AT hand but IN hand, can be wiped away with two weeks of bad selections at a division that had otherwise been delivering excellent results.
It's just not worth throwing away. I say give them the benefit of the doubt, and buy some down 12%. I am sure the company will be right behind you.
I guess it's worth a shot since we are even a couple of bucks lower than where he liked it.
I was waiting for today to short earnings but it just doesn't feel right. The strength today and the 2 upgrades the day of scared me off. I made $5/share on the trade. Decent.
From the horses mouth...
By Jim Cramer | Apr 30, 2015 | 8:59 AM EDT
MSFT to buy CRM--seems just plain made-up right now
Short this back to $65 boys before Benny sells his shares on this pop.