Yeah yesterday they come out and say "is it time to get into JBL ahead of earnings?" They suck people in, short the stock ahead of earnings that they already know will be good so they can cover at 3:30 and go long and sell on the bump in AH. Sell off in PM tomorrow as usual and no on gains but the MM.
Sure, heard that before. Screwing with people again I see. The Bid is $1.01 for 12,700 and the Ask is $1.02 for 17,200. The MM are causing a log jam by playing around with the numbers. No one is buying that much nor is anyone selling that much. I had a large sell order in yesterday that I pulled because it did not move for hours and the share price hit my target but the volume to cover was not there. They will not allow anyone to steal their shares that easy. If the buys start coming in too high, they raise the price to stagnate the buying. when it stops, they short at the higher price and drop it right back down to make up for what they just lost.
It's the way of the MM to cover when they get close and short right back down. Pretty soon you will need to buy 1 million shares at !.00 and sell at $1.01 and do all over again. The only way to trade big dollars is to trade large share quantities, however they will not let you. I placed a large sell order today at a price that was currently trading but it would not engage me. Nothing but small lots all day long up and down. They are in control, of this one so it's a SELL SELL SELL SELL.
Could be shorts selling to their long friends to close out one position and one another before earnings comes out in late Jan.
or do you need to make it look good? Gutless losers! Take care of your friends again and get them in at cheaper prices while everyone else takes a large hit at their expense.
and they will. We will find out soon enough. They will say that they increased or opened up a position because of localized weakness. My take on it is that their wanting in caused the weakness. Lesson learned. When good news is expected out in a month's time or more, sell and sit back and wait for a better entry pointy. It will happen like clockwork because of how the market is fixed!!
Not all the way up to $1.15?? Wow that would make millionaires out of about 2 people. There are so many people under water on this one that your little ripples between $1 and $1.20 makes no difference to anyone. Not even worth mentioning. When it gets back to a few $/share then we can start talking.
lower high to start the next leg down. No upside potential for this one this year. CI will be handed this company for pennies on a dollar. As long as he is collecting interest on hos notes, he has no urgency to move this one right now. He'll let the MM take it down further before he surfaces again.
Probably today at 1:32 PM EST. They are packing their desks up right now. I know people on the inside and they wouldn't lie.
Or is it the sky is falling??? Never quite sure with this stock. Just a lot of posturing of people wanting to acquire and dump shares all at the same time. People need to make up their minds with this one. Either way is fine but pick one!
before the holidays to take advantage of the Jan earnings. Tried to sell at $33 today to jump on JBL's earnings tomorrow night and it never quite got there.
They were able to drop the price down to the 50 DMA to steal some cheap shares. I wished I would have listened to my own advice a week or so ago. When we popped above the upper Bollinger band a week or so ago. I was leery about a minor pull back to $33 level because of a similar move back in October. When it didn't happen in the time frame I thought, I felt the drop would not happen. Then the oil issue! It did drop even lower than I thought as it did at the open but it took too long. Now with interest rates in the news this week I'm sure the whole market will find a reason to drop just because it can. Not looking forward to the announcement even though most think it's baked in. MM love this kind of uncertainty in the market. Good bounce off the 50 DMA so far but do not think it will last that long.