after initial drop. BOA report looks like a dead issue no influence left there. Shorts haver a lot to think about. Lastly we should be getting some estimates on the merged company from mgt soon and I think they'll make BOA"s look ridiculous. Have a great night guys the worm is turning.
selling is virtually gone. Each long buy is now moving this up but there is no buying volume yet. That's the only thing lacking
selling drying up very fast.
well if 40 cents is the difference for you so be it. Good luck
towards the $37 range, Very fast.
They will come out I am sure. Be patient. Letting the firms bullish on them accumulate shares first. LOL
volume returns good chance it moves big one way or another.
mid $35 range until a catalyst moves it one way or another. Odds for a rise and good entry point here are growing. Shorts cannot gain any ground no matter how much they try. Still hit it at $35.44 area as they have no desire to see this green at any point during the day.
looks like BOA is going into full bear mode on stocks.
I think you are right about the support here. See my post about action so far today. There are still sellers and short attacks. They will fade. The other really positive news is everything for sale is being picked up pretty quickly. Especially near $35
have to be getting concerned the BOA attack is losing steam. Maybe one more day of any effect from BOA. Just backing and filling as it consolidates and bull firms accumulate. You won't see any other analysts speak until their firms have accumulated the shares they want to grab at these cheap prices. Then you see comments and potentially a nice pop. Mgt commentary will also be coming. They need to analyze it all and get it right. With a 5.56% dividend this should find great support around here before bouncing. Patience grasshopper.
Having looked at the snippets of the BOA report over and over I still come to the conclusion that it's a joke and the analyst has no credibility IMO. So many if this if that. Please you need to be more specific. How do you tell your clients to buy at $96 a year ago and then wait until it's $36 and tell them to sell and lower the price target to $30 when WDC has $25 in cash per share alone not including SNDK. As said the guy is a clown.
If you look at Fridays action even though red it was a very positive for longs. The BOA report was extremely bearish and all they could do was take it down about a point. With the market down 200 points and that report it should have traded down to $33 or so if the report had any validity. Biggest thing is if you look at Friday's chart after the initial hit from BOA it started rising thru the morning. If you impose the Dow chart over WDC's it's even more telling. It was rising and was about to cross $36 when the Dow rolled over and went down 200. If the Dow didn't turn south so badly I bet it would have crossed $36 and maybe even turned green. Even so they couldn't really take it down badly on a terrible market day. No way I am selling at these levels.
Mg wil come out with some estimates etc and that could be a huge catalyst.
Lastly I have several on ignore because they post garbage like wdcsucks. The guy must be a looney. He says he has no position. If so why would you continue to post so much against the company. What's your agenda?? I bet he was long near $100 and got crushed. That's his fault. Whatever the reason the guy adds nothing.
Have a good day everyone.
excellent way to put it. Foolishness. Small miss and the stock is down near 25% from $46 before earnings. It's the machines and naked shorting. Be patient. BOA is a joke.