Shorts are trying to hold this one down going into the weekend. How nice would it be to get blow out sales numbers update over the weekend. That would crush the shorts at the open next week.
Price targets mean nothing. How many firms go under and still have a positive price target. That means nothing anymore. VVUS had a price target in the double digits when it was down near $3. Did it ever hit it's target? No, all it means is that the analysts forgot about it or no longer care to cover it.
Well we got the 2nd day right as well. I smaller range bound move today. Tomorrow should be a modest move up and then sell going into the weekend. Just like the chart from last month. We'll see???
So you are saying that when they catch them we will have a rally? Dude, local news should not have an effect on global companies. Ellen's comments on rates was the moving story of the day!
What possible news could be mentioned next Monday the 7th that could bring CRUS down to the $32-33 level. (Bad weekend sales, bad unemployment numbers on Friday, interest rate hike news???) There is so much for the MM to choose from.
she opens her mouth and we fall again. Come on Janet, give it a rest. We know the rate hike is coming soon. We don't need to keep hearing about it. Dec 16th will be a blood bath when the news finally gets announced. I would sell everything ahead of the announcement because the shorts will take the market down 2% just because the can.
After two large drops in the last 3 months why would you ever want to invest money in this company??
a few days go they were actually pumping this stock?? Greta to see the ambulance chasers are out in force again. Please don't contact us with your pitty little losses, just the big ones. Little self serving aren't they.
They do know how to create a very pretty graph don't they??
Maybe buying all the way to $1.00 just to F with the shorts and take some of their shares from them.
They use the falling market during Yellen's speech to drop the price so they don't get looked at as participating in illegal activities. Very yellow boys!!
remember when a short covers they are actually buying the stock which means someone has to want to sell. The other shorts just open up new short positions to cover old ones so yes they are just selling to themselves in one way
Look at the 6 month bar chart and specifically the three dates 10-21 thru 10-23. This was the last time that we broke through the upper Bollinger band. Those dates were Wed thru Friday. Now look at our candle today which is also a Wed and we broke through the upper band almost exactly the same. If history repeats itself we should have a very tight trading range tomorrow and an uptick on Friday. In October the following Monday 10-26 we dropped over $2.00 per share. (not sure why) Not sure if the correlation is the same but beware if the chart repeats itself going into Friday PM. We could spike to $35 like I said earlier this week and retrace temp to $33 which is a nice discount to where could be Friday PM. Just saying. Look for yourself and let me know what you think. Shorts will not abandon this stock completely so they will knock it back down from time to time.
As much as that sounds nice, do you really think that that many shorts will be so caught off guard as to actually cause that kind of a squeeze. It just doesn't happen al that often! They have a better pulse on the market than we do and will be allowed to get out when things get tough. You are better off hoping for a BO that's unexpected than to wish for a squeeze.
Stinks that we are not participating in the nice run up today but that's the way it is. The old $28+ level is gone and the $32's have it. We can't go up everyday but we will take out $38 before the EOY! The estimates are too high not to move substantially higher.
The base is clear at $1.25 and we have a decreasing series of highs which points to a conversion at some point at or near the $1.25 level. This usually results in a strong move higher or lower. Since the support has been established, I am figuring on higher, at least to the $2.00 resistance level for now. That would be the time to sell and wait for the next pull back to get in again. Sorry shorts, didn't mean to share my plan to steal your shares when you cover.
Why Arena dropped like a rock today!! Nah we won't see that. Know why, because their short friends just got a new higher entry point yesterday that buys them more time to stay short. Kinda comical if you ask me.