Do you even know what is supposed to drive stock prices? A company can have a great balance sheet, and the stock price could go nowhere for years. Oh wait, that's right....FSLR's stock price has gone nowhere in years.....You can see that by looking at a monthly chart.....do you even know how to read a chart?
And that's exactly what this is...short covering. The fundamentals obviously don't support this momentum move up. It could go higher, and if it does, that's when I'll be there for the reversal.
And bull markets nearing an end also have rallies like this, it's called short covering.
Quarter after quarter they report very weak sales and earnings, and yet the stock always recovers and takes off. I guess revenue and earnings don't matter anymore.
UBS just cut their growth forecast for Apple watches, due to "lackluster interest."
Ponzi casino? Yes, that memo has been out since 2009. But I don't options are driving this stock decline since the ER report.
Apple should stick to what they know, I-phones, I-pads, and PC's, and stop with the watches and cars.
I hate FB as a service, but I respect their business, and yes, management is very smart. I used to think they'd look to buy Twitter, but they're too smart to buy a losing company, and more likely to compete with them on their own.
FSLR is a growth company. Almost every quarter they report weak revenue and earnings, and this report today was awful. And then every quarter, they come up with #$%$ to offset the weak report. Two quarters ago they talked about a turnaround, and analysts were all over that. Then last quarter it was the yield co., and the stock spiked as a result. Now they're trying a partnership with CAT.....When will this company trade on fundamentals and not hype?
26% down in AH....I was going to try only 100 shares short, and didn't pull the trigger...I've seen it go both ways.....Well, as I'm sure you know, you should never look back, there's always the fish that got away, but there's more fish in the lake.
Look at the SOX....there's so much underlying weakness in tech; tech cannot advance from here without support from the semiconductor space.
But the 6+ year bull market is finally rolling over. Former leaders tech and biotech are getting absolutely crushed, and the only thing up is what has been lagging the past 6 months, energy. You can look it up, but in a normal business cycle (of course nothing is normal in this market), energy is the last space to rise.....after that, it's over......At the very least, 2000 will be tested, and if that fails, 1800.....
AAPL has broken down below the 50dma. This EU investigation is very costly, not to mention damaging to the brand in Europe. It looks like we may see $100 here.