Could today be the reversal day? Of it is just another dip that will be bought? A lot of trading to go before close and tomorrow could be the reality check when the final Q1 GDP number comes out. Last year they had it 1..5% and earlier int he quarter is it was -1% and now the expectation is -1.8%. But the stock market did not even blink... What will it do tomorrow?
Rally cuz it is as expected or will rally hard if it -1.7% or lower? What would it do if it is north of -2%. The idea here is not to look at the backward number, but focus on the so called lack of ability of the so called analysts/economists to see this coming just a few months ago.... FED quietly slashed it 2014 forecast from 2.8%-3% to 2.1% (30% hair cut and the market rallied on the news)
Just food for thought before people jump to buy the dips... There is no question about a correction coming, the only question is how big? I still think this is end of Wave-3 (Little optimistic) and Wave 4 should bring in at least 23.6% (1758) or 38.2% (1628) retracement of the highs (1969)
But, if this is end of Wave-5 (Unlikely) then Wave-A begins and we can know this for sure only if the market fails to make new highs after the correction.
Not directly, but further drop in PPS could solidify the negative sentiment and it becomes a self-fulfilling prophecy.
Stocks trade based on fundamentals on the very long term... but, in the short term it is all about technicals, short-term catalysts and events that pretty much control the sentiment.
Interesting choice of words....
"When did gambling become safe?" LOL
On the contrary, Mar-21 the shares were snapped cuz somebody paid 1.3 which was higher than the highs of the day. It might have been black rock.Again, that was Q1 and this is Q2. I expect the selling to continue as a result of being kicked out of Russell.
I like your relentless pursuit of spinning every event in an optimistic fashion to mislead other people in having a long bias is remarkable. But, here is trading 101 for your benefit...
When 22 M shares are traded at the lows of the day on huge volume... it is not calling snapping up shares, but more like dumping shares. If I were short then I would go with the pre-arranged trade to cover at ease. But, the question is which LONG dumped such a big chunk? It's gotta be one of the 4 major guys (only they have that kinda volume)
Well, we will see how Monday's price action plays out...
Their S&P target for 2015 was 1950... Well above that now. What do you think GS will do now? LOL...
They called for $200 oil in 2008... Short S&P at 1350 or so... somebody already mentioned their call on TSLA. Do you see a pattern here?
Hmmm... How about some follow up questions?
#1 So, your thesis is the best way for party-B to play some catch up is by buying NIHD when there are 8000 other stocks?
#2 So, who is the seller in this case and what is their angle?
I'm sorry, but both your cases are long biased and filled with nothing but optimism and hope. No logical inference or conclusions can be drawn from it.
"Options expiry week, Quad-witching, blah..blah" has been thrown around a lot lately...
This prob. has to do more with close of quarter rather then anything else.
On Mar-21, before end of Q1 somebody (Prob. Black rock purchased 15 M shares or so at the close)
Fast-forward... June-20th, (Q2) some institution sold out their position to another institution (Maybe a new LONG or a SHORT covering) at the PPS much lower than today's trading range.
It must be more than one of the majority share holders (Capital, Blackrock, UBS or Vanguard)
You're are either outright d@@mb or just another certified pumper (Do you work with Franc?)
I've been posting on this board long before you popped up and I've made $$$ twice on the long side. Only if you could read ;)
I've been spot on about the PPS movement except of one occasion... bottom line you're the BS master :)
Either way, I'm bearish and skeptical on the short term and i think retails are being taken for a ride by bigger money. NIHD is only for trading and not for investment at this point. When BK is a possibility, Holding it for a buyout is not a strategy, but a mere gamble.
I'm going to try this one last time:
A Quadrilateral shape with four equal straight sides and four right angles.
A Quadrilateral shape with four straight sides and four right angles, especially one with unequal adjacent sides, in contrast to a square.
You're completely out of it, aren't you?
Definition of 'Bid And Ask'
A two-way price quotation that indicates the best price at which a security can be sold and bought at a given point in time.The bid price represents the maximum price that a buyer or buyers are willing to pay for a security. The ask price represents the minimum price that a seller or sellers are willing to receive for the security. A trade or transaction occurs when the buyer and seller agree on a price for the security.
Your 102 course looks pretty lame now.. Doesn't it?
Trading-101 for you...
1) Huge volume @ BID = SELL
2) Huge volume @ LOWER THAN BID = DUMP
3) Huge Volume @ ASK = BUY
4) Huge Volume @ HIGHER THAN ASK = AGGRESSIVE BUY OR PANIC COVER
What happened on Mar-21 was #3 or #4...
What happened today was #2
He is NOT short... Just a distressed LONG. In fact, he seems to be one of the few scarce ones that is not Delusional. Every LONG should at least wonder what's with the dump at the lows of the day?If not, you're just gambling with your $$$$
Your response is incoherent at best... It is obvious that you've absolutely no idea what you're talking about. Just want to make the readers on the board feel that you're some in depth knowledge about institutional moves.
"50 million shares exchange hands here the pps tells the story"...
$90-$0.43 (I'm sure the PPS tells a nice story)
"poison pill may be apply by someone here"
Do you even know what a poison pill is? Care to explain how the procedure works? Who approved? Where is the filing? etc..etc...
Just another everyday pumper spreading BS!
LOL... You should really think before you respond. A square can never be a rectangle by definition. The word you're looking for is "Quadrilateral" - A shape that has 4 sides/edges and both Squares and Rectangles belong to that family.
"shorts covering exchanging shares at this price level"
What does the above statement even mean? You've no idea what you're talking about... The only way this makes sense is that the Institutions & shorts agreed on a price point and are executing their trades AH.
Institutions are taking a loss for Q2 (Maybe to offset their gains in the broader market) and shorts that will have a tough time covering in a regular session are happy to pay 0.63-0.64 and lock in their profits. We will know for sure by the dissemination date on July-10th.
One other speculation could be that news leaked out about the failure of a covenant deal and institutions are bailing while they can...Just another possibility!
I would not rule out your information. After all NIHD trades on NASDAQ and they might have the best real time information about AH quotes and I hope my platform catches it at real time AH as well. You did see the volume before I did... so maybe it will jump up to 59 M as you say...
Maybe... You need to learn better internet surfing skills...LOL
The expiration date of various stock index futures, stock index options, stock options and single stock futures. All stock options contracts expire on the third Friday of each month and once every quarter - on the third Friday of March, June, September and December - all four asset classes expire on the same day. Because futures and options investors must close out of their positions on those days, they often witness increased trading volume.
Today is Friday, June-20th... Take a guess of what witching it is?