The complacency in this administration is similar to the complacency in the stock market.
This guy may just be the worst President in history when it comes to any events taking place outside the US. And he hasn't done so well in the US either. Maybe global terrorists know Obama won't do anything substantive to stop their horrific acts, so they think they're free to do or plan whatever they want, because there will be no real retaliation. God help us all.
Yeah, I know. The casino mentality is alive and well. I have seen this movie before. But when all the shorts decide to cover, which they're doing today, they'll be no one else to ante up at a higher price, until the Fibonacci retracement kicks in.
Speaking of 50%, I would think UTHR gives up about 50% of today's gains on Tuesday or Weds. This is just a short squeeze and overreaction.
This is a short squeeze on a patent victory, not an overnight cure for all diseases. The stock is up 28% just today, I think it's normal to expect a about a 10-15% correction off of this move, or down to about 100 or so before it can move higher. I'm long, but I'm realistic.
What they SPLK has in common with TSLA is they're both bubbles...of course when did that ever matter in this market?
Can't tell from the chart, this could go either way. On one hand, it could go higher, the weekly chart indicates that possibility. Conversely, look at WDAY. They reported "better than expectations" last night, and they're getting crushed today. Maybe it's best not to have any position until after the ER....
The only numbers that really matter to analysts are the investment banking business numbers. Set the bar low, beat the expectations, do some banking business, we get millions in fees. This company's market cap is almost $17B for their $500M in revenue. They're losing money, way overvalued, and this is just like 1999.
Who will pay the higher price for this stock when we're probably heading for the first market correction in over 4 years?
It's not different this time, everyone thinks it is.....It's still a money losing story stock. An analyst sets an easily attainable top and bottom line model, they beat the estimates, and the stock goes up, and the analyst's get their investment banking business.....C'mon, you know how the game is played.
This looks like 1999 all over again. Story stocks.....lots of promise.....beat "expectations".....who cares about valuation?
SPLK has big time resistance ahead to get there, unless they surprise on their ER release later this week.
And you can have me on suicide watch Chicky. I was long BITA from about $56-$58 and then sold, because I was worried about the valuation, geopolitics, China slowdown, etc. Now, any Asian (or American, for that matter) with internet access and a few bucks is trying to drive that stock higher. Insane....
All the biotechs I follow are running like crazy.....Where's Janet? Oh, that's right, there's no bubble in this market. Companies don't need to make money...when the momentum players get a hold of a stock, the casino mentality takes over.
Sure, keep buying at the top so I can sell at this level. Are you familiar with Fibonacci retracements? If you're not, you'll be finding out soon.