Remember these last two days and stay humble. Don't be a bloviating #$%$, and remember to get out and take a walk in the sun before you're too old to walk anymore.
I'm here. Are you? I doubt it. But if so, take my wisdom and sell every dead cat bounce. This stock has peaked for 6 months minimum. Institutes are liquidating. They can't hide their footprints in the chart.
61 million share buyback @ $57/share requires $3.5 billion cash, but they barely have $2 billion. The stock would have to drop to $35 for them to complete the buyback, or else borrow additional money to buy back the full 61 million shares. I doubt they will ever buy back anywhere near 60 million shares. Nice bluff though.
Has this stock ever done this before - a beat and raise, and the stock tanks? If not, then it could be a tell that the dynamics are changing. This could be an intermediate top. Monday will be crucial. If the stock doesn't snap back 5% then something is wrong.
Opened at the high. Working on a 10-day bearish engulfing candle. What a monster.
Strike that. Could have sold at $112 and bought back in the $98's with earnings in hand. So a free look at earnings, and you get a 10% discount just to add insult.
Here, I made some que cards for you:
1) "Oh my, why is the multiple shrinking?"
2) "Wow, this stock is so cheap now."
3) "Oh man, the market has this so WRONG."
4) "Just wait until next quarter, they'll see the light."
5) "Darn, this market is rigged. Nobody can win."
Today's market actually punishes companies for holding too much cash. (Witness Apple).
I would back out the $6 cash from your 17x multiple.
So, $119 if the market holds up. The risk/reward is no prize, considering the uncertainty surrounding China.
Knew I should have sold at $112. Could have bought back at $106 with fresh earnings news in the bag. Congrats to all who sold at $112 and got free look at Q2 earnings.
What an entry that was.
Exactly! This is why most people think Wall St. is rigged. Because it is. But don't worry, Jim Cramer has your back. Lol!
Retail investors are always last to know. So if this was the real reason why Apple suppliers tanked, it's probably too late to sell now, as you'd be selling back to the institutions that sold above $110. What a racket.
Working on an ugly bull trap in the face of green market and analyst upgrade. Technicals reveal the truth under the surface.
Today, one analyst revised downward for the coming quarters and next year. Hopefully their growth doesn't turn negative or this will be a $30 stock at best. Shades of MU. Everyone still very bullish, means bottom is nowhere near. What a mess.
Be sure to save some cash to buy the retest of the 2014 breakout at $40 -- and then pray that holds.