Today is 13 days in a row that the stock is up. I would never short this stock, because the momentum is too strong, and the analysts up the PPS target every other day. But I'd like to be able to build a long position in the $79-$80 range, which is reasonable, considering the parabolic move.
Without any pullback, correction, or whatever, I truly believe this market will crash (by definition, drop close to 5% in one or two days) within the next couple of months. The euphoria in this market is unreal right now.
They're building a plant, so what. They're not profitable, and this is a short squeeze. No, I wouldn't go short SCTY, but it's a bloated pig, just like the rest of the market.
Yes, I get all that....but it's a protracted build out, it doesn't go up overnight and start building revenues right away. Sure, the market looks ahead, but FSLR will eventually eat their lunch in residential solar, or they'll buy SCTY....always a possibility.
She has no idea what she's doing.....C'mon everyone...get sucked into this rally. Don't hedge anything, complacency rules. It will go up forever.....Throw a dart at a stock, it will go up. Fundamentals mean nothing.....Don't wait for a pullback on your favorite stocks, just buy at the top, it will be higher tomorrow.....
Does all this sound familiar? It should, because these were typical posts on the Yahoo finance board in 1999......
I'm afraid the liberals have taken over the world. Just today they decided the football team can no longer be known as the Redskins......
What happens then, huh? The Fed cannot prevent a crash.
What the hell do you expect her to say? Obviously if she said "the markets are clearly overvalued, and I suggest everyone start taking their profits," we'd have a crash. Government workers are good at lying to the public.
Lou....just to be clear....I've been about 80-90% long the past several months.....I just know this will end very badly, it always does.....Practically no one is hedged, and most traders are on significant margin.....You're experienced enough to know that's a recipe for disaster.
You didn't respond to my earlier post....to be clear, I'm about 90% long for the past several months.....but this will end badly, it always does......The market strategists and CNBC guest love to refer to historical trends.....Historically, all bubbles or inflated equity markets end badly, when no one expects it. Lou, no one is hedged, and the majority of traders including hedge funds are on significant margin.
You're experienced enough to know this is clearly a recipe for disaster.....keep in mind, I'm mostly long, and making money....but I'm not smart enough to be greedy this time.....I'm dumb enough to take profits, and reload on pullbacks.
ANIP....If it breaks out over the resistance at about $36.50 in a day or two, it can run forever....Look at the chart, esp. the weekly and monthly......Thank me later....
Which is why SPLK reported a weak quarter and weak guidance.