Looks like FireEye made the turn today or some may say bottomed. In either case next week should be interesting because if we get a move to over $30 a share, the run could be on (on the upside). Downside from here is basically pennies but upside is big if management can should solid forward guidance and possibly sign a few major contracts over the next month or two. In any case cyber security is "hot" right now and FeyeEye is ranked number two in the industry. Good luck to all.
and that might be a conservative estimate.
“The market is digesting the likelihood of the Fed raising rates, given the improvement in the numbers,” Tim Evans, the chief market strategist at Long Leaf Trading Group Inc. in Chicago, said in a telephone interview. “That’s very dollar-bullish, and it’s creating a lot of pressure on dollar-denominated assets, especially gold."
Mr. Evans believe gold could drop below $1,100 by early fall and wouldn't be surprised to see the yellow metal trading below $1000 an ounce by Thanksgiving. Sure looks like a one trade to me. Straight Down
so should see buy buyers coming in to pick up shares on the cheap. If the uptrend sticks today we could test $31 plus by Friday. FireEye moves fast in both directions and now might be the time it ramps higher.
which shows why APA down after oil find. Its as if the more oil we find the lower a barrel of oil will go. All energy stocks and especially ng stocks dead man walking.
so one has to wonder if this 5', 120 pound women could bring GLD and Gold to its knees at 2 pm today?
Seems the Fed is getting serious about raising interest rates but gold (and the market) are in denial. Never good to be long GLD with the Fed now six month from raising rates and warning world markets about it in less then five hours.
and when that happen Nugt could easily fall into single digits, before the reverse split come. Gold headed down and now its only a question of how far it drops before gold bugs commit suicide.
FireEye going to fall into teens for many reasons but what really tells the story is you don't see FireEye management - executives buying the stock at $28 a share. The reason why is FireEye management knows the stock is going lower since forward guidance is weak and earning will disappoint for several quarters. Plus there is the fact that FireEye management is in disarray and the company isn't signing any major contracts with other companies. If you like FireEye at $28 you will love it at sub $23 next week.
And one poster here last week said we were on our way to $5 a share. If anything we are now back into the mode "that bad news is good news and the market goes higher as volatility increases". Europe, China, Japan all show declining economies while we get closer each day to a Fed tightening. If anything with Ukraine, Israel/Gaza, situations Tvix should be moving higher but as we all know the market can stay irrational longer then investors can stay solvent.
Russia now will say that have the green light to do a full invasion since they can't deliver guns and rocket launchers to Ukrainian rebels. Where is Obama when we need him?
possibly 165 by next Friday.
You got that right -
U.S. investors are withdrawing billions of dollars from European stocks as signs of a stalled economic recovery, compounded by the Ukraine crisis, halt the past year's scramble to buy back into the region.
Time to ratchet up those Russian Sanctions and knock Europe's falling economy down another peg or two. Japan, China and now Europe economy in free fall.
to make sure Ukrainian rebels get their rocket launchers and rifles. But this time Putin's soldiers stay in Ukraine and join the rebels in all out war.
and the stock market thinks things are improving on a daily basis? Give me a break. Dow down tomorrow as we get another closer to a massive correction.
Ukrainian President Petro Poroshenko accused Moscow on Wednesday of planning a "direct invasion of Ukrainian territory under the guise of delivering humanitarian aid." Spy set to fall below $170 as Putin smells fresh Ukraine territory (on the cheap) while Europe wakes up tomorrow and wonders if Hitler has been reborn into a 5" 5" midget with an ugly haircut. Putin set to bring world stock markets to their knees.
Market knows higher rates are coming but investors are always behind the curve. So is the Fed. So the question of the day is does the Fed own up and state rates are rising and tell the world "deal with it" or does the Fed hem and haw, shuffle their feet and stall. Better to have a quick 20% correction then a long drawn out sell off that could go on for months if no longer.
Yes but market is always trading six months out so dark clouds are forming now. One has to wonder if the Fed is better off raising interest rates early and getting it over with so the market can digest the coming storm before it gathers strength. Of course if the Fed delays or stalls then the market will have a long term sell off which could be far worse then a sudden 20% correction.