Hello Tim? Your stock is freefalling....what's that? Let Icahn do the talking? Sure thing Tim, way to run a public company, say nothing.
Cook is not, and never will be the visionary that Jobs was. He's not strategic, and now the stock is getting slammed. And as a public company, he should warn the street of slower growth, instead of this drip drip Chinese torture approach, with anecdotal evidence through the supply chain.
I almost forgot one..All CNBC strategists and money manager guests: "Please disregard anything we said as a guest on CNBC this year" "We're paid generous fees for our bullish predictions by CNBC."
Tom Lee and Jeremy Siegel: "I was way too bullish with my market call for 2015..." "I'd like to apologize to all my clients and CNBC listeners."
Fed Janet Yellen: " I screwed up, plain and simple". " I was taught that if you artificially inflate the stock market, the very wealthy would then spend like drunken sailors, invest in new equipment, and that would force the rest of the country to spend more than they earn to improve the economy." "It didn't happen, and I take full responsibility for all of my policy mistakes."
Bureau of Labor: "It's true..all of our reports from the BLS are BS...We made them up...We had to." "We were told by members of this administration that we would lose our jobs if we didn't fake the numbers."
You know how much jail time Cosby will serve? Let's say it all together.....zero. That's right, zero. Celebrities are not much different than investment banks or hedge funds, with unlimited cash, so they can pay the attorneys millions to get them off serving no time. #OJ Simpson
When a $5 stock goes up over 200% to about $24 in two weeks, you know the bull is over. With the low float, virtually no shares available to short anywhere, and shares you can short costs a fee of about 100%, all the signs are there. Many of us have seen this movie before....Spoiler alert...It's ends very badly....
I guess he would have made much more money if he had just held on to his short, given today's news. Of course he couldn't because of the margin calls.
Attention all longs...If there was ever a day to sell into strength, today is the day. Everyone knew if the financial media had talked about a Santa claus rally incessantly as they have, it would become a self-fulfilling prophecy.
Wow, not only are you patient, but you're brave as well. I remember when we last talked about TVIX it was over $10. I've been trading VRX back and forth, both long and short. You can make a lot of money in the high beta volatile plays like that, and you can also lose your #$%$ in health care and biotech (see CMRX today...yikes). I've been short a few software names, like MEI and PAYC, as well as a few healthcare names like LCI and INSY. I normally don't short a "space", since I usually will just short the common as opposed to playing the option side....so I search for individual bearish stories. I have a heavy position in VXX right now, and like you, I'll wait for a big payoff. Thanks, stay in touch!
Continuing our discussion from yesterday, I hope you've already considered jumping back in TVIX, as I have with VXX. As the markets implode into next year, I believe all the leveraged VIX plays will at least test their previous highs from last Aug. I covered my individual oil stocks way too soon; I'm now trolling for new trading opportunities...where are you hanging out?
Since 2009 the primary dealers have been the fat cats in this game. To be fair, I do think the Fed wants the economy to improve, and still believes the trickle down, or wealth effect is the best way to go. So she thinks by supporting the banks and encouraging them to lend money to businesses and consumers (sub-prime or otherwise) this will allow the grossly overvalued stock market to continue the never ending uptrend. So I think she wants to take credit for this action, esp. in a transitory election year (Janet might as well endorse Clinton right now).
But you're correct retailbloon, in that I too believe a secular bear market is on the horizon, indirectly caused by the Fed's policies. And typically when stocks start to fall in a meaningful way, black swans tend to circle around the markets, exacerbating the momentum to the downside. Simply put, our day will come in 2016.
I've been long RLYP since about $14, and I'm still long. But I've traded the stock back and forth, and now have a small position left. Every other day there's a rumor of a buyout, which may or not be factual. Normally buyouts don't occur during the holiday season, but that's not my issue. There's a lot at stake here, and a buyout figure would (or should) be at least in the $40's, $50's or higher. Those that play in the arbitrage space are very smart, and have big money to leverage. With all the rumors out there, I would think they're circling around RLYP on a daily basis, and maybe they are......But I also think the stock should be trading a lot higher on the "rumors", or at least a bit closer to where analysts think this should trade (average PPS target around $60.) I agree it has had a good run so far, and maybe I'm overreacting....but I also see it just "hanging around" the 200dma on the daily chart, which for me as a technician is problematic...If there was more conviction by the big money players, it would be trading well above that line, supported by the institutions. As I said I'm still long, and may add, but only if that conviction appears....
At first you may think they have nothing in common, but that's not the case. Cramer's so called "FANG" stocks are underperforming today, as is NKE, after their earnings. What is driving the markets? The market laggards, in particular energy. What is my point? This is a very unhealthy advance, and a very problematic market. Traders are selling into any strength, and booking profits, for what will probably be a very tough 2016 with a global recession around the corner.
Considering the sell off today and yesterday, there's not much volatility; i.e. it seems like an organized sell off. Maybe options ex has something to do with this, but I'm surprised the market isn't moving more rapidly (to the downside).
But.....We have seasonality in December, best month of the year, according to history....Don't you listen to anything on CNBC? lol....
Answer: A lot. Both have utilized schemes and policies that have or will cost investors millions.
Raymond James strategist Jeffrey Saut said Tuesday stock investors should get ready for a "rip your face off-type rally." Did all your clients get out ok the other day Jeff? I mean, where do they get these people from?