That's my story, and I'm sticking to it. I have a news flash for all the longs out there. Institutions have been net sellers of stocks over the past few weeks...this is a fact, and it's documented by those who do the math and the research. It's only a matter of time before this all crumbles, and we finally have our 10-15% correction.
Durable goods, biggest drop since 2009, US mfg. PMI, weakest since Oct. 2013, the markets don't care. I'm thinking if Greece cuts a deal, the markets will sell off big time.
Many times when you see that, it's a prearranged buy/sell, usually between institutions. There's no price movement with the 120,000 shares traded, so that supports my opinion.
which is where I think it can go by tomorrow or Weds. I was short, went long at $96, and will double down if I have to.....This sell off is way too extreme, esp. for only 2 days considering no fundamental news, other than a short seller report.
Was short, went long right at $96. What I find odd about today's sell off, is that it's all in one day. That's very unusual, and indicates to me that it may come off the lows here just as quickly.
I can't even begin to tell you how much money I've left on the table this year, both long and short. It hurts, but that's the life of a trader.
Chicky you and I both know with everyone maxed out on margin, including the institutions, it will only take one misstep catalyst to drive this market down in a big way, possibly even a crash. Yes, sentiment at AMBA was very high, but I also think most of the institutions and the public are almost all in the broader market as well, so you know how that will end (or should).
I'm revising my call, as it's broken support that I thought would hold. Now we can expect low to mid $90's. Not today ( I don't think), but maybe later this week or next.
Everyone doubted the wisdom of the experienced technical trader, who said to sell early last week. What we didn't know was the extent of the selling that would take place. It may be a buy at $105-$106.
No, you don't get it. It's a 3 month trial. Apple is not saying no royalties forever, it's 3 months. It's called greed, which by the way is the thesis for our country, greed and apathy. Give royalties to millionaires, keep pumping the stock market for the millionaires, and guess who's left holding the bag? It's a very bad PR move. So now that Apple agreed to pay the royalties, all the musicians will make nice to Apple again, so everyone can buy their watches. Greed and apathy.
Ridiculous, what this world has come to. The greedy celebrities win the battle, just so they can get royalties on a 3 month trial of the streaming service. I think it would have been much better PR for the music industry if they just let Apple run their company and their streaming service their own way. No, someone with no talent, but yet some business savvy is allowed to alter the company's policy. It makes no sense.
C'mon, you know who you are. Greed and apathy, that's the thesis, but not just with AMBA, it's pervasive all over the market. A $10 move off the highs in one day is a big deal. I have a feeling the carnage is far from over.
if the Dow were to fall 300-400 points, or crash. The market really needs to reset expectations. This has all gone on way too long. With terror threats, and Greece, I don't know how anyone can hold anything long over the weekend.