How would you feel if it tests 0.45 again and you wished you had sold it at 0.75? Just asking...
Just cuz I'm bearish in the near term that doesn't mean that I'll short a penny stock. Risk/reward is not worth it. Yes... I'm short the broader market via puts and I think it is setting up for a big roll over...
So, were his so called claims about "Deal talk behind the doors", "Naked shorts" etc...etc..
I think he is just a paid pumper (Maybe even hired by a short hedge fund) to rant on these boards and encourage novice investors/traders to buy NIHD. Shorting does not work unless there is some volume on the BID side.
"What would it do if it is north of -2%."
I guess the answer would be "Rally on terrible news"
So, let me get this straight... the terrible winter weather caused the GDP to stall and the so called analysts/economists predicted a 0.1% growth... Then the initial numbers came in @ -1% (Just a miss by 10X) the market shrugged it off... then came the health care spending, and they revised it down to -1.8% and the market said Q2 will pick up the slack. Finally, Q1 number was -2.93% (Almost -3%)... So, the economists were off by how much? They still can't explain what went wrong with huge drop in health care spending.
Now, we are supposed to believe these same guys that Q2 will be 3.5% ( As per their current predictions)
Stagflation is here to stay for years to come...
I've never been a big fan of calling or expecting market crashes. This kinda market action, complacency and complete disconnect from reality is changing my thinking and now I would consider a possibility of one if this exuberance continues...
Today was a very powerful snap back rally to the broken trend line from yesterday. I think this might have been the best BULL trap in recent days. I will be proven wrong if S&P/NASDAQ can set a new highs. Until that happens, yesterday's reversal is not invalidated. Russell is still toying with the H&S formation and this week's close will hopefully resolve this Bull/Bear Push/Pull once for all.
Will the BEARS get out of hibernation or hit the snooze... They should at least take an aggressive sho(r)t at the Russell. Everybody thought Dow-17000 and S&P-2000 were a given and market has a way to prove most people wrong... We will have to just wait and see tomorrow's action...
A lot of shorts shorted more in the recent pop.... Good thing if NIHD can squeeze them, bad thing if they are correct and it moves lower.
A second attempt to break the 50 DMA failed today.
Hmmm... Finally got the reversal day. Generally, good things don't happen when you reverse strongly from all time highs.
Reason for Sell-off?
2) Dubai market mini-crash?
3) Tomorrow's GDP #?
Well... let us wait and see if we can turn this reversal in a weekly one. It shouldn't be too hard considering that you just need be under 1930 by Friday. Will the dip buyer jump in or will the algos turn on the longs?
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...