He told everyone to sell PANW when it was trading under $100. Now, only a few months later, PANW is "the best stock he's following". This is the classic definition of a fair weather guy. If you want to make investment decisions based on clown strategy designed to increase television ratings, go right ahead. PANW is a great company. My point is not to listen to Cramer, Tom Lee, Jeremy Siegel, Dr. Doom, Roubini, or any other CNBC guest who has their own agenda. They are not your personal financial advisors. As for Cramer, I just don't understand how the SEC can look the other way.
You really don't have to look further than the chart. This stock has been under distribution for months. I think it's headed to around $60 or so within a couple of weeks, regardless of what sell side analysts say tomorrow. As for an acquisition strategy as some have suggested, companies want growing brands at a reasonable price. I don't think that's Deck.
Of course you don't have to take my word for it, just watch the price action lately in MTDR, vs. other oil companies. The price dips have been bought, not so with some of the others. It has been in a trading range since early April, and I would anticipate an upside breakout soon.
Wasn't PANW the company Cramer said to sell when it was trading under $100? I still don't know how the SEC let's Cramer exist.
This IS the beginning of a sell off. When a bull market is over, most people don't realize that fact. That is, unless you watch the up volume vs. the down volume.
The only guest whose opinion I trust on CNBC is El Erian. He's very, very smart, and most of what he says is logical. Everyone else is strictly entertainment.
He told this to CNBC. I'll bet CNBC doesn't have him on as a guest anymore. Keep in mind, Cramer, Tom Lee, and Jeremy Siegel are still very bullish, so this adds fire to Paulsen's thesis.
If you think there's further downside, or that the company will go out of business, you don't buy. But if you think the company will hire a turnaround warrior as its CEO, and the company will recover and all the flooring issues fade away, you accumulate at these low levels.
This has been going on for the past 6 years, why should today be any different. The Fed is just another excuse to rally, another self-fulfilling prophecy.
Good find, but the Wall street lobbyists love the Fed, because it inflates stock prices and lines their pockets. So from their perspective, Feldstein's logic falls on deaf ears.
Oh, and then there's Sarepeta (SRPT), up 46% this morning, all because they're filing an FDA on a drug they're been kicking around talking about for the past 8 years....
You know, the ones that upgrade the stock after it makes a big run, or downgrades the stock after it's pummeled. So just because this guy think bulls "expected a $20 buyout", he downgrades the stock when it's trading under $10? Typical fair weather analyst......Well the Blair analyst sees this as a buying opportunity, as I do. And I would argue ACHN will be in the $14-$15 range in 3-5 weeks.....Let's see who's closer in July....
I've seen this movie before....the trapped shorts short more, and then start accumulating at the lower prices. Don't let anyone take your shares....
Your analysis looks correct, it was not a good report, and the analyst covering the stock agreed. So given that, I'm trying to figure out why the stock is up the past 3 days in a row.
Share buybacks are a company's way of supporting the stock prices...In fact, most of the macro market's advance over the past few years has come as a result of buybacks, therefore the quality of the advance is in doubt.....And don't get fooled into thinking an activist is an advocate for anyone else besides himself.