I remember about 5-6 years ago CLF's stock was depressed, and unloved. Then, all of a sudden, in one day the stock went up $3-$4.....and it never looked back, and took off to new highs. What had happened, was there was talk about a sustainable anticipated demand for iron ore in China, and the institutions got the memo.
If you missed that entry point, or had decided to wait for a better entry, you missed the train......Fast forward to 2014.....I think we're once again at that inflection point. The ER news and company's commitment to shareholders is exciting. This is the point where you get on the train.....I think you could have one or two days to add on a brief dip early next week, but that's it. Yes, there's resistance on the way up, that's normal from a technical perspective.....But after a sustained move over $28-$29, there's nothing in the way of at least $35....I think CLF can get to $40, or even $50 by July or August....
I'm not an SA contributor, I'm an experienced swing trader. For me, after listening to the CC and doing my homework, CLF is now a buy and hold. So what I've learned over the years about CLF is that historically when this stock takes off to the upside, if you don't get in early, you may miss the big gains.....
Twitter CEO: "Hey, can you guys help us out by upgrading our stock? We're in a downtrend, and we want our employees to sell their stock at a higher price."
Goldman: "We can't do anything unethical, and that doesn't sound right."
Twitter CEO: "Yeah, but we paid you millions in fees to be lead underwriter for our IPO."
Goldman: "That's true, I forgot. Ok, we'll raise the price target."
This Stiefel analyst gives a 12 month price target of $75, admits in his report their model is very difficult to quantify, they haven't yet reported a quarter, and we all know they're losing money, and the stock is up over $3 in pre-market? Maybe it's just me, but it doesn't make any sense at all.
And now Henry Blodgett (remember him?) is bumping a price target up over 100%, totally ignoring any risks whatsoever. No, I'm not short, I'm not crazy.....But this is clearly 1999 all over again, and will certainly end badly.
One off, weather related, another buying opportunity, right?
What difference does it make? So it ends a bit red, or a bit in the black, so what? The conspiracy theories on this board are a joke. If the stock goes down, it's "criminal", "the shorts made it go down," Blame the bearish analysts, blame everyone else except those selling the stock.
The point and figure chart from Stockcharts indicates a move to about $41. Shorts, there's no need to cover. If you have the money, you can increase your average. The best opportunity may be in pre-market tomorrow, or right after the open, to add more shares to your position.
Think about that....What if the economy gets worse during her tenure, and her policies (basically an extension of Ben) don't work, will they replace her?
By the way, the markets aren't up today because of the Fed's remarks....that's the story the media creates.....The markets are up, because they're trying to challenge the S&P's 50dma.....So far they got over the 50 day, but we'll see if it closes over that.
On the all important weekly charts, the Nasdaq printed a doji Friday, at the top. The QQQ also printed a doji, even more compelling as it was to the exact penny on its weekly chart. The markets staged a bearish reversal Friday, when traders saw they couldn't take out overhead resistance to make new highs.
Look for the start of a major correction, or possibly even a bear market over the next few months. Those of you who think minutia like the G-20 conference is market moving are mistaken. The market has been on a tear, so there was no fear about the G-20. Now that they're looking for ways to grow, that scenario won't play out until at least next November, when proposals are first presented......and the execution risk is huge.
Focus on weak earnings and weak economic reports, which are very prevalent lately. But don't trust me, trust the 95% reliability of doji tops on the weekly charts of major indices, including the S&P. Not even Janet will be able to stop the bleeding.
One more thing....the technicals of the leveraged VIX plays (UVXY, VXX, etc.) are turning positive, and look like they could return to challenge their recent highs.....Stay tuned...
Help me out here, because I'm really looking for a good answer to this question....Other than in 2009, how has QE helped the economy and the middle class? Obviously with all these bad economic reports, it's obvious QE has not helped....so why does the financial media create this agenda to satisfy their wealthy client base, thinking that QE will rescue the world, when it clearly hasn't worked?
If you were in the market in 1999, you'll recognize all the signs today.....Analyst's raising price targets to more than twice the current price, like MS with TSLA, new IPO's trading parabolic, margin debt at unsustainable levels; I said it then, and I'll say it now, this too will end badly.....it always does....
NQ Mobile's stock has dramatically recoverd since Water's groundless allegations. Citron is a website founded by, and run by a well known criminal.
In today's market, there's absolutely no reason for a public company to take this kind of a risk for any reason. The allegations are completely false, and QCOR will recover very quickly.
They have nothing else to base their calls on. They're creating a self-fulfilling prophecy by trying to influence trader sentiment, based on these historic trends. That's not rocket science. I wish they'd take Birinyi, Thomas Lee, and Jeremy Siegel off CNBC as guests. They drag these guys on every week or two, and they say the same thing over and over again. I'm sick of all of them.
I'm sure they'd call a geopolitical event or act of terrorism a buying opportunity, because that's what they're paid to do. People need to realize they will never ever say the market is going down.
"New rumors about LG G-Arch wrist band and smartwatch coming up in 2014"
2014 is just around the corner and now is the perfect time to think and discuss the upcoming devices. LG has a very fulfilling year with at least three impressive devices that released in the mobile world. The LG G Pad 8.3 is the first tablet by the company with high-end specs and great performance. The LG G Flex is the first smartphone with slightly bendable and curved OLED display that along with Samsung Galaxy Round puts the beginning of new trend in the digit world. The LG G2 camera-based phone arrives with unique design and possibilities and a smashing package of specs that make it one of the most attractive high-end devices on the market.
The rumors about the successor of G2, LG G3 have already begun. However the advanced smartphones and tablets will not be the only things that LG is preparing for its users. The South Korean company is working on wearable devices with innovative technologies that might be presented in the beginning of 2014. Rumors say that along with LG G3 the manufacturer will launch a G-Arch smartwatch and a fitness band G-Arch. The specs and the capabilities of the new devices still remain a mystery. The rumors reveal that the G-Arch smartphone will have similar possibilities and features to Samsung Galaxy Gear.
The wrist band G-Arch will remind a lot to the Nike fuel band. Early this year at CES 2013 LG introduced its first device with similar capabilities dubbed Smart Activity Tracker which is fitness and health related wearable gadget. There is a big chance to see the new high-tech wearable techs at next year’s CES 2014 that will take place in Las Vegas between 7th and 10th of January. The excitement around the upcoming devices is building up. What compatibility will provide the new techs? Will the smartwatch boast a flexible
OLED display? What battery life will it assure? The curiosity is growing. What do you expect to see in the wearable devices by LG?
I'd say CLVS.....Anyone else know of any good biotechs that may jump like this?
If you're short TWTR, that is......You'll find out why next week.....
Listen, what is the proprietary brand offering that Twitter has? I see it as another narcissistic promo site for celebrities, on air personalities, sports writers, etc. But most of them are wealthy, stopthattrain, they are not going to click on video ads. Ok, so will the middle class and the rest of the world embrace Twitter and click on those ads? So far, their growth (which is slowing by the way, that's a fact), is concentrated in Europe. TWTR usage in the US is very weak.
It's very early......if the advertisers don't see the return on their investment, TWTR's revenues will shrink. Do you know how much growth they will need going forward to justify anywhere near this valuation? They just don't have anything proprietary or exciting to offer. At least FB has almost $6B in sales, because the majority of the world including this country is not wealthy, and they all enjoy the epitome of narcissism that FB has to offer, and TWTR as well.
I'm not saying it's a bad company, I'm saying it's grossly overvalued, as are ALL social media stocks, but esp. TWTR.
Did anyone read this analyst's full report? He writes "it's too early to be focused solely on valuation".....What? This is definitely 1999 all over again. He also wrote "While it would be much safer and easier to back away from the shares at current levels, firm believes strategic value, business model flexibility, and earnings momentum will keep them moving higher."
Easier and safer to back away, and yet he's pumping the stock? And earnings momentum?
Cramer is strictly a fair weather guy. Everyone knows that. If a stock is doing well, he says it's going higher. He's a clown, nothing more.
If he were truthful, he would quote from any of the hundreds of trading books published, that all say "parabolic moves that capture the market's fascination are clearly unsustainable."