Chicky you and I both know with everyone maxed out on margin, including the institutions, it will only take one misstep catalyst to drive this market down in a big way, possibly even a crash. Yes, sentiment at AMBA was very high, but I also think most of the institutions and the public are almost all in the broader market as well, so you know how that will end (or should).
I'm revising my call, as it's broken support that I thought would hold. Now we can expect low to mid $90's. Not today ( I don't think), but maybe later this week or next.
Everyone doubted the wisdom of the experienced technical trader, who said to sell early last week. What we didn't know was the extent of the selling that would take place. It may be a buy at $105-$106.
No, you don't get it. It's a 3 month trial. Apple is not saying no royalties forever, it's 3 months. It's called greed, which by the way is the thesis for our country, greed and apathy. Give royalties to millionaires, keep pumping the stock market for the millionaires, and guess who's left holding the bag? It's a very bad PR move. So now that Apple agreed to pay the royalties, all the musicians will make nice to Apple again, so everyone can buy their watches. Greed and apathy.
Ridiculous, what this world has come to. The greedy celebrities win the battle, just so they can get royalties on a 3 month trial of the streaming service. I think it would have been much better PR for the music industry if they just let Apple run their company and their streaming service their own way. No, someone with no talent, but yet some business savvy is allowed to alter the company's policy. It makes no sense.
C'mon, you know who you are. Greed and apathy, that's the thesis, but not just with AMBA, it's pervasive all over the market. A $10 move off the highs in one day is a big deal. I have a feeling the carnage is far from over.
if the Dow were to fall 300-400 points, or crash. The market really needs to reset expectations. This has all gone on way too long. With terror threats, and Greece, I don't know how anyone can hold anything long over the weekend.
Well, it took a few days, and a bit of heartache, but finally Carter Worth is proven correct. What, did you all think this was going right to $130? Sure you did. You had to wait until it got ugly like today.
Thank you. I just read about the decision and the $600M liability, that I guess TRN will challenge. How long do you think the appeals process could take, and do you have any idea what analysts are saying regarding the potential outcome?
the government's case is supposed to be finalized, and a decision made? I'm waiting to buy, until there's no overhang on the stock. Right now the market appears to be in an indecision mode.
I am totally convinced that this market will not break (as in bursting the bubbles) until there's a substantive catalyst with broad global implications. Last night on the news they talked about credible terror threats that the enemies are plotting to happen before July 4th, and a security expert said it's very real. Does the market watch the news? Of course they do, but how many times does the boy cry wolf? Same thing with Greece. Greed and apathy Chicky, greed and apathy; that's the thesis here. In late news just now, the financial media is already spinning all the possible outcomes for Greece, which according to them all favor stocks. How can you win? You can't. So short of that catalyst, the movie plays over and over again.
I see what you're looking at, but I'd call it a potential head and shoulders pattern. It may take some time, but to confirm this, the S&P would have to fall below about 2072 on heavy volume. A close considerably above 2126 would probably negate this formation.
So wait, the Federal Reserve is now the Secretary of State, Secretary of the Treasury, AND the Fed chairman? Keep feeding the wealthy Janet, that's what it's all about. Maybe some of that wealth will trickle down to the middle class when we're all deceased.
Those clowns play with millions, and they drive the etfs higher. Look at AMBA, look at the entire biotech space, I've never seen a bubble of this magnitude since 1999.
I'm really worried about this market, and you should be too. The Fed says everything is fine, and everyone bids up stocks. it's the same movie repeated over and over again. Traders expectations need to be reset, and soon, or we'll all be sorry.
On last night's news, the headline was the very real threat of a terrorism attack before July 4. Security experts said there's very credible evidence of threatening chatter. That explains why the market is up over 200 points today, right? Xtgeminiman, how sick are we of this BS?