The Vix is at 12.78 now and apparently heading lower.....The apathy and greed is so prevalent, and no one believes the market will ever correct.....This is clearly the time to get out and take profits, but traders think there's no catalyst now, or on the horizon, that would drive the market down......I still say the markets could crash at some point.....
I don't know why you bother, no one believes any of your claims.
Someone needs to tell Icahn to #$%$.....It's people like Icahn, Buffett, Tepper, etc. along with Cramer, Jeremy Siegel, and Thomas Lee, that are ruining any chances of having an efficient market.
Retail is not in the market, in fact there have been net withdrawals from mutual funds for the past two months; institutions have been all in for a long time; the economic news is horrible at best; the markets are clearly overvalued by any metric; the Fed has stated the markets are overvalued; and yet the market is trading at new highs.....The only thing I can think of is shorts are still covering, and the greedy pigs out there are not selling....If this isn't a recipe for a market crash, nothing is......
And from $409 to $615 in just 6 weeks.....Nice company, but overvalued, by a lot.
Netflix has not discovered a cure for all diseases, it's a stock. Someone has to reset traders' expectations in this market, and instill some fear, to take away all the apathy and greed. Anyone who thinks there won't be profit taking, or even a crash, is mistaken. No, I'm not short NFLX, but this stock is a microcosm for what is dreadfully wrong with today's markets.
Why would a company do that?
I'll tell you honestly what the negative is......the chart...We'll see how it goes.
I was just going to say, analysts are coming out after the bell saying today's news is priced in. One analyst has a PPS target of $131 with this approval....My guess is when it opens, it gaps up a few points, then falls hard, but that's just my view.
of Lumacaftor to Orkamibi......this will be ugly when it opens.
I'm in....Low float, technical move that totally ignored the fundamentals of this company, which are good. This will be back into the mid $40's before the end of the week.
They're concerned, as they should be, about the avian flu having a broad effect on the fundamentals. But wait....Some boutique firm called Pivotal research upgraded the firm with a (are you ready?) $86 price target. The analyst admits he worked for the CEO of the company last year.....And they actually ALLOW these blatant conflicts of interest? Where's the SEC? Oh, that's right, they always turn the other way.
If there's a 60% chance YELP will be acquired as many said today, there's also a 40% chance it will not be acquired. And if there's no deal after exploring the market with Goldman, then YELP will trade on current fundamentals, which means it will return to $40 or so. I don't like those odds, so I'm just an innocent bystander. But if I were long at $40, and then had a profit here in the high $40 's, I'd take that money and run....the acquisition odds are not great......Just ask Altera (ALTR) shareholders.....
This may just become the short of the year.....I'm trying to wait until the shorts stop covering.....