I don't know if it will get there tonight or tomorrow, but it certainly could by the end of this week. This should certainly drive all of their chip suppliers higher...I think the semi sell off has been overdone. Good luck Apple longs tonight.
I think two things should happen immediately in the market:
1) Analysts and their reports should be regulated by the SEC
2) Brokerages should immediately make all biotech stocks non-marginable (that are not profitable).
CLDN is the second biotech within a week (AERI was the other) to crash and burn.
Reversal pattern? You're so clueless! The doji for the reversal pattern for your post is for a doji at the top of a trend, not at support at the bottom! Every candlestick requires confirmation, so we'll see how this plays out. If I'm right, I'm sure you won't be posting here anymore.
It's a bullish gravestone Doji genius. And the fact that it's formed right at long term support on the weekly chart makes it a strong indicator. Confirmation is needed of course, and you may not have that until the middle or end of next week. In any event, I think the stock recovers this week.
The buy signal is on the weekly chart. The last few weeks were a correction within the long term uptrend, and now a bullish doji has printed right at support on the weekly chart. IBD is a lagging indicator, for anyone who cares. To be sure, confirmation is needed next week, and not necessarily on Monday. We'll see how this turns out.
On a related note, I think QRVO would be a great choice for Intel's acquisition strategy, for a lot of reasons.
why didn't we buy QRVO when there was blood on the street in the $70 range? From a technical perspective, so far it's just a normal correction within the longer term uptrend.
Very logical reply, and accurate, imho. I just cannot understand why the markets won't allow, or embrace a real correction, which honestly would benefit everyone.
Most of my watch lists are bright red, and yet the market are still up. This can't last.
Yes, typical manipulation, big money always knows first. But I don't understand your last sentence.
I don't know why the stock has been hammered the past few weeks, unless it's a normal correction within the uptrend channel.
As a long time follower of the company with strong knowledge of the space, what do you think of EW as part of an acquisition strategy for one of the bigger players? Considering the leverage for TAVR and the huge global market, I would think an STJ or many others would love to have EW in their portfolio, with a huge premium, or do you think EW management wants to go it alone for years?
That's because AMZN has such a high short interest, and the market is manipulated. The best news for me is after following this company for months, I finally jumped in with a solid long position before earnings today. If EW had AMZN's short interest, we'd be looking at $155-$160 tomorrow. That said, I think we could get there in the near term. EW is a great company......Thanks for your substantive posts which I've followed.
All the E&P oil companies are up, but SLCA down.
The guy is totally out of control, and he's causing people to lose their money. The stock will be red shortly, and those who bought in early today thinking they can pay off their cars will be left holding the bag, that is if they can get out in time before it really craters.
It's a very negative quarter using any metrics available, and yet it's up in pre-market trading. This is exactly why the markets can't correct, the Fed has destroyed the entire business cycle. This should fall to $85, but of course it won't.
Soon you'll be seeing posts on this board, the LOOK board and others referring other "low float" stocks, as if there's some proprietary advantage to buying them......When stocks start going from pennies to $19 in two weeks like VLTC just did, you know we're close to the end for the broader markets. Most brokers have this name as 100% maintenance requirement, soon you'll see it changed to "not marginable" at all. This is exactly what happened in 1999 and 2000, the stock tips were flying, the low float garbage stocks were going up 100% a day.
Good luck trying to get out of this stock when everyone heads for the exits at the same time.....It always happens, this time is NOT different.