This stock is simply representative of the rest of the market - and missmarket will tell you that this stock is heading back down to 200 in due order. The entire market is over-extended.
The entire market is overbought, for those who do not wish to be greedy, I would highly suggest that you take profits now and pick back up around 207 area. See the charts - also, please note that the AH this is dropping back to the mid range of its trading from today.
Virtually every and any company right now is pulling out whatever stops possible during this end of the year to push their stock higher - today's latest from MA was their deal with Overstock.com which really amounts to nothing - nevertheless, perception is reality, and this company is guilty as any other for these subverise attempts to push their stock higher - any institution falling for this will realize that this is a head-fake - be careful at this levels.
Per my earlier email to all you traders out there, this stock is heading back to 207 - I would lock in profits today on this somewhat over-extended market as well as over-extended remarks about their new expense platform and Overstock deal. It's up to you, while technically it looks strong today thanks to the fundamental news, the truth is that this will not have any real effect on growing new customers to a level that will make any material difference in the stock price - hence the reason for its pullback. It's up to you. I know though most traders are greedy so many will probably not heed my advice.
David Tepper - states when things are good, equities will be good, when things are bad, equities will be good - can't have it both ways
2. market is way overbought - and institutions are simply trying to reel people in before the sell out -
3. September quarter has been determined - everyone knows this market is going back down.
4. Volume up to now is lightest in the year despite light volumes overall
5. This is a faux rally and proves one thing, it is time to take profits up 10% in one month.
this market has now gone up almost every day in September - having week start and week end rallies last Monday and last Friday and today a consolidation with further move up - this is the most corrupt market in the history of markets - they keep on pushing this up convincing others that mid-term elections will push the market higher and higher - do not fall for this. Retail investors will not be spared.
Clearly they are bidding this up as a contrarian play to weak consumer demand of everything believing that repairing cars is more important than putting food on the table. I do not believe that is the case. I believe at these levels though it has been a nice move up over the last year, will prove to be a pullback at least to 210 by October 15.
Expect a retreat back to 330 level within the next few days after Sep 30th - end of quarter.
The weak data pushed the dollar weaker, but no consumers are investing. This is pure institutional trading.
no, my dear, we have reached a short term top at 350. 380 won't come for sometime. Reversion to the means begin today.
No question that the overally bullish forecast in the midst of worse than expected consumer sentiment numbers is a clear play by Piper Jaffrey to ensure that its institutional clients do well by PCLN - this is a dangerous stock - it is not rational because you are dealing with indicators of what institution needs to do to look good to its investors - so be careful - this is a short term top and should regress back to 330 and then 308.
hmm - hit the breasts also equally hurts as much as the balls - right now, though I am staying short, as I find being hit the breasts, hurts hell of lot more than shorting AZO. Think this is going to to do a two day drop back 213 or 210.
As I said before 350 was a long term top - the grade up comes after other numerous firms gave it upgrades and since that time, the stock has moved from 350 to 325 - this stock was up 97% in 3 months last quarter - and I would not buy back in at least until it gets back to 300-305. In the interim, this is a trader's stock.
People just do not understand that QE 2 has nothing to do with regard to the market moving down - if the democrats want to hold on, and reg reform stays on, republicans are going to need to knock this market down, otherwise, democrats will retain control of both house and senate.
The 11,000 psychological number means nothing - the government does not want to do QE2, that they said that they will, is the only reason that this market is not down 200-300 points, but in order for the republicans to take the house, they are going to have to push this market back down to 1100 on the S&P and 10000 on the Dow, otherwise, you will see democratic congress in both senate and house moving forward. Jobs are not getting better, and more people are unemployed. Needless to say, the best way to play this market is very short term long and very long term short.
The move up on equities and the promise to infilitrate the market with more $$, is the primary reason the market is up over 1000 points in less than full month of trading. Until we allow capitalism to rule, forget about even investing - this is the most ruthless and unforgiving market -
A total gutless wonder to promise QE 2 to the market - causing a fiat rise of fake money in the market - people do not trust the market - everyone is afraid to invest that is retail - let the market fall appropriately back to 5000 so that real people can invest - this sham will be the true destruction of the United States. Truly the most corrupt and wrongful thing to do to the market - play as you go type of market - no one that is making or earning money pay check to pay check is benefiting. People are starving. GUTLESS WONDER!!!!
Government is feeding dollars to the big banks to trade with their prop traders to artificially prop up the market in hopes that the fear of being left behind will force others who have missed the rally to jump back in - only to be sold out and to lose more money - that is why retail will not jump in - in the interim, banks are making money off of the fed government at the expense of john q. taxpayer - because of this, America will self-destruct. The time clock is ticking. A true revolution is needed. Bernanke got it all wrong about making the market stronger to convince others to go in, it is in fact, the opposite. The market must go much lower in order for retail to get involved.