If you were long VA, which you're not, you wouldn't have posted this garbage. There was no recent downgrade, in fact, the majority of analysts are very bullish on this grossly undervalued airline. The street knew about the union vote, so that's not market moving news. You keep shorting, I'll keep buying.
That, and the fact that several well known big name hedge funds have just reported that they own WLL in their portfolio. I think we'll be trading around $36-$37 by Friday, and then over $40 next week or the following week. Today was another consolidation day, and the intraday 60 minute chart looks good, set up for a nice move up tomorrow.
The Dow is up almost 300 as I type. The shorts of course are covering, and everyone thinks it's new highs coming again. The Vix, and the leverage vix etfs are getting creamed. Institutions are all in, and have been for a long time. It never ends, the bots are going crazy. Conclusion....It's not don't fight the Fed, it's don't fight the futures traders.
Some good points. There's way too much margin here, and you're right, the Fed has nothing else but their 6 year attempt to expand the wealth effect. It's not working (trickling down), but they don't care, and the money managers certainly don't care. They'll continue to pump the markets incessantly.
And when the next crash occurs, analysts will be pounding the table about the "buying opportunity of a lifetime." Just one unexpected market moving event, and it's all over. Oh, one more you forgot I recently read: "Higest margin debt ever, and it's good for stocks."
Out of the 20 oil and gas stocks he covers, he thinks Whiting has the most upside. His price target is $52, and that's under current market conditions. The analyst said Whiting's shares can accelerate because the company is showing that impressive well cost reductions are manifesting themselves in low F&D (finding and development) costs.
Sentiment: Strong Buy
And Oppenheimer also out with a note and an outperform rating with a $47 price target.
this is still only a Phase I trial going on. This stock has been bid up in anticipation of this news, and the drug going to market is still years away.
JFC, the financial media does this every time. They say the markets are down because of Greece, then Greece buys more time for the upteenth time, and the market soars another 100 points. We desperately need a real correction, let it happen, and stop the madness!
Yep, it's that time folks. Time to go short. And I love reading posts from greedy longs saying "on to new highs next week." That's just what we read in the year 2000. Ambarella is a good company, but they have not discovered a cure for all diseases. It's a stock, and people take profits. I'm not short yet, but I'll start my position Monday.
Three analysts, heavy institutional ownership, and very valuable assets. I see Paulsen making an activist move soon.
It looks like AGIO will fall to the $89-$90 range, maybe even this week. If that doesn't hold, we're probably looking at a move to around $70 in a few weeks. I just follow the technicals. What does this company make again?
says get the hell out of AMBA before it's too late. Normally I wouldn't short a freight train, but this one is worth (no pun intended) the risk.
The bottom line is anyone who hasn't taken a profit by now is greedy, and will get hurt. This time is not different.
If you bought in the mid $50's and haven't sold yet, then clearly you're the complete joke. Ambarella is not a panacea for all diseases, although it's bid up like one. A correction to $90 or so in a few weeks is healthy genius.