I'd laugh all the way to the bank.....
Over ambitious analysts raised their price targets on CLDN to levels that assumed almost a guaranteed positive clinical result the end of April. Now the market is trading like they don't expect the FDA win.
If the consensus is no, then I'm wondering why CNBC feels it's necessary to report every single thing he says or does, and interview him as much as they do.
The bid/ask is all over the place.
Thirtynine....More volatility for sure, and yes, competitors usually rise when the other is acquired.....But the analysts also obviously read the news, and decided to downgrade XLNX, based upon their perception that the combined Intel/Altera companies would hurt XLNX the most.....
the street thinks the whole thing may be a rumor, or that INTC won't pay anywhere near this amount.
XLNX is running as a peer of ALTR....Assuming the leaked story from the WSJ is correct, competitors always rise as well. After the deal though, the competitors fall back.
Dunrunnin.....I respect your posts over the years here........and yes, Siegel teaches at the Wharton school, I get all that.....But no one, and I mean no one can predict where the market is going next....It's all entertainment.....The strategists, economists, and all the rest like to make their predictions, so that if they're correct, they use that leverage to acquire more clients (or followers on Twitter...lol). But the reality is, no speaker should get on the air and say "The Dow is going here, or whereever by the end of the year". Not Siegel, Cramer, Tom Lee, or anyone else......It's all speculation....What ever happened to the phrase "I don't know", when guests on CNBC are asked where the market is going?
Siegel was on CNBC today (he's on every other week, apparently) and told them why he's now "feeling much better" about stocks......What? The guy has been a cheerleader for years, to support sales for the books he wrote, and of course his appearance fees from CNBC, and NOW he feels much better about stocks? I guess two weeks ago he was "cautious", and just two weeks later he feels much better? Do traders actually care how he feels?
That's retail's answer to everything....Just open new stores....who cares about anything else....I'm not short, I'd never go short a retail stock, but this short squeeze today makes no sense to me.
I don't know if Cruz is the right candidate to run, but Kelly's question was a typical, stupid liberal question.
I admit I'm concerned right now, not so much about the CEO selling shares, everyone does that, but rather the price action is indicative of a near term top.
My advice is don't bother....because technically it looks like $27-$30 could be in the cards, within a few weeks or less.....sorry.
It looks like WLL is heading back down to around $35 for now. Yes, the news reports were apparently incorrect, misleading, or both. I sold my long position the other day at $41.27, but I didn't go short from there, because the stock is still a headline risk, both long and short. Having said that, with no substantive deal at all, including an asset sale, WLL could fall to around the $32 range. I can say this with conviction.....not always, but usually, the longer it takes for any deal to consummate, the less of a chance it will actually happen.
Good luck to all...