When the market starts falling, as it will tomorrow, Cramer will tell you to be cautious. Then, when it falls
further, he'll tell you to consider taking profits. Then when it revisits the lows, he'll tell you to get out. Then, if it starts heading back up, he'll tell you to buy.
There will no such thing as seasonality this year. Geopolitics will cause the markets to head much lower, and the weak global economy will adversely effect the US, and we'll head towards a recession. Oil is already crashing, the US markets will be next.
I won't let Cramer ruin your portfolio by telling you to get out when it's too late. I'll tell you right now.....start
getting out and take your profits this weeks, before it's too late.
Boom! Dow futures are now down over 60.......We're heading back down starting tomorrow....
There are many reasons for this, no catalyst to take the markets higher, earnings are over, geopolitical
headwinds, and a chart topping formation in progress. If I'm correct, the futures will open down at least 25
points after 6pm, as traders are also generally disappointed in the outcome of the G-20 meetings. Get ready for a volatile week.
There aren't enough buyers (volume), which allows the shorts to throw bigger numbers on the ask, until it just drifts down. In that respect, sure shorts have been successful. However, you and the others don't know when to say when....It's no different when longs get giddy and greedy when a stock goes parabolic, thinking it will never fall. Know when to take your profit.
No one is making $5,000 on a trade in a stock this illiquid. There's just no liquidity to get in and out with that type of position. Given today's announcement of their huge increase in global orders, shorts know they have to cover, and soon. That said, they keep trying to bleed it down to cover lower, creating the illusion there's a problem, when there isn't. There's no point in stop loss orders either....We just have to wait it out, and not try to make a million dollars in one day....it won't happen.
If traders would just buy this today given this amazing news, and just hold it, instead of trading it back and forth to make $50 here and there, you'll be rewarded during December. With today's news, obviously the stock is very undervalued. Let it go up gradually, I'm ok with that, and everyone else should be as well.
Wait, I'll answer my own question....They're all paid HUGE sums of money to pump the market up, but each for a different reason. Lee is the perma bull sell side analyst, Siegel wrote a book, "Dow 3,000", so he's paid to come on CNBC and pump the market and the book, and of course Cramer tries to improve the ratings on CNBC. Unfortunately CNBC has these clowns on air every other day.
"Remember longs"......I've been on this board, and long this stock since before you were born. And Twitter probably won't last more than 3 years at the rate it's going, and that opinion has nothing to do with INSY's chart weakness. My post above shares an honest assessment of the current technicals. Your post contributes nothing, except for maybe paranoia.
I guess I just don't understand why traders wouldn't want to buy considerably lower, rather than buying in a parabolic move.....
New record! Rah rah rah.....Better than expected. Low oil? No problem! Tom Lee, Jeremy Siegel, rah rah rah.....Dennis Gartman...."Bear market....no wait, bull market." "I was right, wait, now I'm wrong." Jim Cramer.....rah rah, buy BABA, buy TWTR, buy everything that goes up....Am I the only one who's sick of all this BS?
So Obama has a "don't ask, don't tell" policy when it comes to Ebola. Typical of this stupid administration. I get not wanting people to panic, but I don't get assuming everyone in the country is stupid.....Oh wait, most are!
The VIX is up, the NYSE composite is now down 40, and the Dow is still up.....we're going a lot lower from here folks......Let's ride the "seasonality" trade all the way to 1850.....
a technical disaster. Almost the entire advance from the earnings report is being sold. If $37 doesn't hold in the near term, it's probably time to leave. Again, does Oppenheimer know something we don't?
TWTR was up in premarket, and Cramer said this morning "it should be, they said what I wanted to hear"......Well guess what dope, we don't care what YOU want to hear. He's so out of control yelling on the air saying "I DON'T WANT YOU IN THAT STOCK, I WANT YOU IN THIS STOCK." What a fair weather moron.....he doesn't realize Twitter has to execute on this media hyped presentation, and they probably won't.
12 year chart of the VIX....that's laughable. Good luck thinking that there's nothing out there that can make the VIX spike. Things happen in the world, and some of them are not good, others are really scary that will effect corporate profits. You need to learn the greater fool theory. By the way, the market is reversing as I type. The diversion is playing out as I expected.
Yes, the Dow, S&P and the Nasdaq are up today.....but the Russell, and the all important NYSE composite are DOWN. Also, the VIX is up......A big selloff is right around the corner, maybe even starting late today.
I blame today's media for everything that's wrong with our country. Do you have about 4 hours? We can discuss this.....