It tells me this may be a market top, and it's certainly a bear market rally. Don't believe a word the financial media tells you. Today may be the best opportunity to get out of all your longs.
Jim Cramer is a fair weather clown. You know where he can put his stupid checklists.
If traders' pea brains could think beyond one or two days, they might realize that today's news is extremely bullish for the company. I'm not sure what they don't understand about increased demand. Shorts are fortunate that the placement was announced so they could cover at a lower price, rather than the gap up.
Those who bought over $18 in the pre-market probably had to sell. Frankly this is a better scenario for longs, from a technical perspective, because it opened lower and consolidated yesterday's gains. I still think we may close today near $16.
Do you even know the difference between a private placement and a secondary public offering? I didn't think so. The reason for this private placement is very bullish, the money is used to expand operations to meet the increased demand of their products. Stop spreading lies.....
They're buying stocks again today like drunken sailors......It's too early to tell, but the S&P could be forming a nice H&S formation.
And here come the program traders, taking the market up yet again....Unbelievable.
Your post is a microcosm of the apathy that is so prevalent in our country. Who cares about Africa? You should, and so should everyone else. How would you feel if there was a virus outbreak, or some other black swan in the US, and everyone overseas said, "who cares about the United States?"
First of all, they won't have the test results until at least 9:30pm EST. Secondly, we're hearing that hospitals around the world will become proactive and order a large inventory of Hazmat suits. Finally, the CEO of Lakeland has already indicated his promise to meet the anticipated demand of protective clothing.
So if it's a confirmed ebola case, LAKE could open tomorrow over $17. If it's not, the realistic fear is back regardless.
Keep buying the dips guys, see how that works out.
Sell this market right now. Go short! Sell before it's too late.