Most shorts covered yesterday after the $3 move. From there, you have backing and filling and consolidation. The weekly chart says we can see close to $17+ next week. Anyone still short the stock should have their head examined.
"A manager with a major shipping company has exclusively revealed to Infowars that the U.S. government has ordered 250,000 Hazmat suits to be sent to Dallas, the location of the first Ebola outbreak in the United States.
The manager of the shipping company proved his credentials to Infowars by providing a photo ID and sending a verified email from the company account, but wishes to remain anonymous due to understandable fears that he could be fired for revealing the information.
“I just learned we have been asked to ship 250,000 HAZMAT suits to Dallas, TX. for the US Government. Again this is happening today, we are pulling these suits for the US Government to Dallas, TX,” states the individual, who manages the drivers who work for the shipping company.
The purchase of a quarter of a million Hazmat suits to be sent to Dallas confirms that health authorities are still very concerned about the spread of Ebola after two nurses in the city who cared for patient zero, Thomas Eric Duncan, contracted the virus earlier this month.
In an interview on the Alex Jones Show last week, Doctor James Lawrenzi revealed that Hospital Corporation of America (HCA), a private operator of health care facilities, had removed protective gear and Hazmat suits from local hospitals without replacing it. Lawrenzi also revealed that potential cases of Ebola were going unreported and that patients were being “disappeared” from hospitals.
As we reported earlier, PPE distributor Lakeland Industries announced yesterday that it had received 1 million orders for Hazmat suits from government agencies worldwide, a press release that prompted the company’s stock price to soar by 30 per cent in after-hours trading.
Lakeland initially hit the headlines in September after revealing that it had received an order from the U.S. State Department for 160,000 Hazmat suits.
Other federal agencies like the National Institutes of Health are also stockpiling PPE gear in anticipation of an unnamed “emergency"
What is it about exponential growth that the shorts don't understand? Did you know hospitals around the globe are having meetings about becoming proactive and ordering an inventory of Hazmat apparel? Stop trying to guess the ASP of the clothing; this co. has a market cap in the $70M range, and they're expecting demand to increase exponentially by January......That's all you need to know.
The Dow is up 1500 points straight in just the last two weeks, or 10 trading sessions. A parabolic move off a V shaped bottom is technically a recipe for disaster. You can't chase grossly overbought stocks, and you can't short here. In this situation, I'd rather hold cash and wait for a sell signal.
Pandora.......Does seem like a capitulation move today for the shorts? And do you think it will be faded throughout the day, and maybe reverse? That's what I'm thinking.
The stock tanked over 10% yesterday, and 3 analysts lowered their PPS targets today. Why? Because of lower oil now, and lower oil projected for all of 2015. Solar companies will also be challenged by lower oil, so unfortunately, it won't matter what they report in their next ER release.
I don't know about the bottom for gold, but this could very well be a capitulation top for the markets.
Racer....I'm really thinking this could be a capitulation move today, with a reversal later in the day. Parabolic moves off the V shaped low in two weeks at this level is a recipe for disaster. By the way, your post above, are those your words, or are you paraphrasing from another article, and if so, where did that come from?
I just hope today's move is faded and reversed by the end of the day. I don't know how long you've been trading, but a parabolic, V shaped move off the low, and back to the old high in about 2 weeks technically makes no sense at all.......Unless of course this is 1999/2000 all over again.
How does it feel now? It feels great. I bought back in (out 2 weeks ago) in the last 10 minutes under $14. And if it tries to close the gap tomorrow, I'll load up again. That's how it feels genius.
What is it about their huge demand for their products you don't get?
Goldman Sachs has their own dice they use to cheat and manipulate the market......and of course the SEC looks the other way.....I wonder why...
Sure, that makes sense. The street is saying, I don't care what you said about raising guidance, we think oil is going lower, so we're going to take you down over 10% today. 10%! What would have happened if they missed their numbers, and guided lower?
The Dow advance is mostly about Visa, around 150 points of the advance. Almost everything else with the exception of some financials, are weak. Consider today a gift for anyone selling with their profits.
High volume, exaggerated move. Oil getting crushed, and all the other problems, and yet it's another short covering rally, with no backing and filling or consolidation. If I didn't know any better, I'd say this was impossible to make up all the technical damage in less than 2 weeks.
If he said he's proud of how the company has progressed since becoming CEO, Ok. Or if he was proud to carry on Steve Jobs' legacy, Ok. But to publicly state he's proud of being gay, that's something you're born with, like your eye color, or race, or nationality. Today's value system is so out of control.
Actually you make some good points. You are proud of your achievements, not things you can't control in life.
I'm not sure how that equates to a 7% drop in stock price. If the company saw lower oil headwinds, they would have warned going forward. Where would they be trading if they missed, and guided lower?
No, but it reflects how everyone views the Apple CEO. Trust me, no one cares about his sexuality, and I don't understand why he had to tell the world when it's no one else's business. Is he that insecure?