The advance in AH was the short squeeze. This stock is up on two things: Hype, and hope. There's absolutely no fundamental reason, other than the CEO being a cheerleader.....There's no evidence at all so far that their transition to their "2.0" strategy is working. I think after the am gap up, the entire move is faded.
They missed earnings and sales forecasts, comparable store sales at systemwide locations rose 1.8%, vs. expectations of 2.2%. They said same store sales are accelerated the first 27 days of the quarter; does that mean the next 63 days will accelerate as well? Does this statement justify a $17 move up in AH after missing their numbers, and basically reaffirming guidance? The stock was already up from $160 to $190 this quarter, so I'd say it's time to sell.
I've never shorted this stock either, but I'm short now. TWTR popped over $4 and is now red. This may take a few days until the novelty wears off, or they may fade the gap up all the way down. Today aside, I believe the broader markets may finally correct. I mentioned this below, this was not a good report, and all they did was reaffirm their previous guidance. But the stock was in an uptrend, and you can see the move was coming on the weekly chart. This is not based on anything fundamental, so I think this gets faded quickly....Just because the CEO said the quarter is starting off with better bakery sales doesn't mean that will carry over for the next few months.
Gee, the CEO says restaurants sales are picking up this quarter, so they forget about the bad quarter, and based upon foot traffic for two weeks, the stock goes up to $205? I'd like to go short now, but I'll probably wait until tomorrow. My sense is this will be faded down to fill the gap tomorrow, it wasn't a good report, and all they did was reaffirm their previous guidance.
Do you know how to reach Allergan employees via e-mail? It looks like you responded to my earlier thread, although I can't find your post. I'm trying to start a client relationship with my business, and I've tried several e-mail formats (first name . last name, etc.) to no avail. Thanks in advance.
Because they're all really trading like they are. Not even a dead cat or any other type of technical bounce at all. I wonder if I should go long now for a trade?
What a steal this company is with this ridiculous sell off. NFX is very hedged, and can still make good money with the price of oil falling. I'm a buyer, and will continue to buy, I can afford to wait.
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.....