the numbers you wanted from the Korean conference call yesterday? The stock is still consolidating, albeit with typical high beta movements intraday, so with the overall pressure on the broader markets, it's tough to say if we have any value added info from the call regarding LG's sales numbers.
Anything to add from the long term holders here?
Sure, another short squeeze, I get that. But adding all this market cap without any profit taking? Gee, it's at $566 now, why not $600 tomorrow?
If you've never listened to anyone on TV or the internet before, please listen to this....Do not listen to anyone, make your own decisions.
I hope you're correct, because that's my hedge. The leveraged VIX plays are by far the most manipulated ETN's in the market. Other than today, it had been down 9 straight days, as if the market went to sleep and took an apathy pill, just because Greece was resolved (as expected). A real correction could take VXX over $30, in my opinion.
Dunrunnin, you've had some good narrative in the past, but it's the perception that all the market is watching is the Fed, but that's not the reality. Earnings drive the markets, up or down, or so I've been taught in school. I'm not naive to think the Fed isn't involved, but we're really setting up for a crash, or at least a very substantial fall in equities. The disconnect right now between fair value of stocks and their fundamentals is greater than ever. The Fed cannot prevent a crash or decline, unless they go with the Chinese approach....If that happens, God help us all.....
According to CNBC, before Caterpillar reported, they said CAT was considered a "bellwether for the US economy." Now that their report and guidance is awful, CNBC isn't saying anything.
The markets should have corrected by now, but instead, they're not far from their all time highs. Strategists on CNBC will tell you "earnings so far have been really good." What the hell? We joke about this being a casino, but it really is....
They already reported, why aren't they open in after hours?
You know, I wondered for a long time why this stock had such a high short interest, and everytime it would run, it would get pummeled again. The security space has been hot, but this seemed like a laggard. Now I think I know why.
Yes they beat expectations, but the metrics for key products sales disappointed.
Some of you may know I'm new to OLED, having just went long over a week ago. The long term chart looks good, and of course the fundamentals are strong. It took a long time for the chart and the sentiment to turn positive, but it did exactly that in January of this year. Don't let the day to day fluctuations take you out, as I think it's still under accumulation. So far it's holding up well, considering the broader market is getting mauled. Stay focused everyone, and "know what you own" as they say.
The Dow is down 214 as I type, and VXX is up 5 cents. 5 cents! Market turmoil and uncertainty is a catalyst for the leverage VIX plays, and if this earnings disaster isn't a catalyst, I'm not sure what is.
Wait, did I mention they missed their revenue number? Who cares, right? Spin the roulette wheel, mortgage the house so you can add more on margin. Hilary will pardon El Chapo, because the US likes to give second chances to criminals. What a country.