This massive gutting will take up to a decade to repair as such crashes of such large companies are a slap in the face to get out now and regroup, perhaps after the coming Trump crash. History says you can expect another 50% discount on this one. Amazon is killing M but there will be a place for in-store retailer like M, just a lot cheaper.
Wow did his face LIGHT up, I think he had a Foxgasm. These attacks are NOTHING compared to the number of people dying from poor or no health care. well, at least military industrialists are smiling today.
That June 5 +/- major high volume reversal was my tip to go heavy short and should have been noticed by any seasoned chartist. See weekly charts. Now that this hunk of "steel" bought me two BMW's, getting nervous. Maybe a pop coming to about 10 to top of channel but this turd feels like it wants to go completely under. Maybe I stay with the short and buy a bigger house and retire early. What are likeminded wealthy shorts doing? Happy US SteelGiving!
Sentiment: Strong Sell
Charts show that if it does not bounce right here at 43 then it may go to 10 bux. My (short) money is on 10 bux as retail is carp right now.
It will hit flash crash low of 76 first.
Market is teetering on correction and F is a teerd like its cars. Come-a-shortin wit us. Maybe it could turn back up in 2 or 3 quarters but now it is a screaming short.
Classic blow off top - nothing but dead space below - a shortin' ah will go, a shortin' ah will go ... Chinese momo stocks finally caving in as CLEAR sign of initial mass sell-off. Take heed, girls.
IBD is notorious for hyping trash like this ... after early battering by trying breakout investing of IBD "leading stocks" I eventually learned their methods were garbage, meant to sell subscriptions. You will do well to observe the amazing failure rate of breakouts of their junk and go short after breakouts.
Gladly clinging to my gun and bible while communists destroy US of A