Bollinger Bands have been converging and range is getting tighter. Generally, this is a precursor for an upcoming BIG move. But, the million $$$ question is to the Upside or the Downside? For the last 4+ years, it has pretty much resulted in a big downside move, Is this time different?
Another low volume SELLOFF today....
I'm just looking at the AH Level-2 quotes and it is very thin on the ASK side... Normally, we see big blocks 5-10% above the CP.
EDGX 1.15 4000
ARCA 1.27 300
ARCA 1.29 100
ARCA 1.31 200
ARCA 1.37 200
ARCA 1.38 100
Institutional holdings for Q2 are due by COB tomorrow. The top-3 holders have yet to report.
BALYASNY ASSET MANAGEMENT LLC 03/31/2015 27,305,362
VANGUARD GROUP INC 03/31/2015 17,526,432
FMR LLC 03/31/2015 16,371,357
Are they expecting any news AH???
Sad, but true...
But, a depression will lead to unforeseen repercussions...
Imagine an America where most people don't have jobs and a source of income, crime rate will soar, complete chaos and social unrest!
Ultimately, the masses will thrive just by the law of numbers. But, it will be "The survival of the fittest". But, the ones that make it will have a prosperous future once all the dust settles and the markets once again become free from the heavy handed govt. intervention and the big banks manipulation.
It is very frustrating to understand of how this once great country is being ruined and yet can't do a thing to stop it :(
First and foremost... You are lacking the minimum comprehension of that I'm bullish on BTU. Get it?
Nobody has real time short-data... The closest that that is daily Reg SHO files which is of not much use. I don't think 10 trading days backwards is not such a bad thing especially if the price and volume haven't changed much.
With that being said, Until 1.32 and eventually 1.40 is taken out, no serious covering will even commence. Why? Then BTU would have done something that it hasn't done in 4 years... Higher-low followed by a higher-high :) Also, if you take out 1.48 or so that would the biggest % move off the lows since 2011.
I completely agree and the bankers will bring this country, if not the whole world down to it's knees. These MFers couldn't care less about the economy, people, future of the country/world, our children/grand-children and their plight. All they care is about making a quick buck today at the cost of destroying the present/future for everyone else....
The system has to be over-hauled from ground up. Washington is puppet to Corporations/Banks, until that changes there is no hope. Another revolution might be needed to fix the current corrupt system. Social mood has already started to deteriorate to reflect the upcoming carnage....
Again, 650 K shares dumped in to the close to make sure that the close is not at/above $1.26
This game of shorting hard in to the close and covering in the AM will work only for so long...
Once some technicals align (Just starting to...), shorts will have a tougher time covering in chunks!
I think the easy money on the short side has been made... tables might be turning!
Tomorrow might a very important day, taking out 1.32 and preferably 1.4 would be the first step to trigger some covering. At this point the move should be strongly impulsive or BTU might be in trouble.
Fine line between being skeptical and being delusional. FED does not buy stocks and there is no plunge team... with that being said, FED has provided an environment for cheap & easy money. Why does that matter? Buybacks have been the biggest support beneath this market... Corporations have been borrowing at these depressed interest levels and buying back their own stock, hence artificially increasing the earnings (EPS) and also reducing the available stock to generate more demand.
This financially engineered false growth, the sham of the economic recovery that has been in place for the last 6 years will end in a stock market plunge like the 1929's (Just bigger and a lot worse)
I completely agree with you on the long term outcome, but don't share his conspiracy theory on FED buying stock/plunge teams etc... Market is driven by human psychology and when that reverses FED or anybody else can do nothing!
For the Nth time... FED does not really decide the interest rates, Mr.Market does!
Just google for the following and click on the link:
The short video explains in a nut-shell of how the market forces really control it and FED just follows. Also, greenspan/ben (FED chairs in the past) have eluded to this fact!
Zero option activity that is of any significance in past few weeks... Do you just like posting randomly?
Shorts added around 4% even though the volume has been drying up. Lately, if you look at the minute chart, stock moves up quickly on big volumes and comes down on very low volumes. Might be early signs of the tide turning. (Recipe for impending squeeze) Will do a separate post for squeeze analysis.
As of July-31st, 2015
Current SI: 101.6 M Shares
Prior SI: 98.07 M Shares
Increase (# Shares): 3.6 M
Increase (% Shares): 3.6%
SI as % of Float: 36.9%
For the nth time... FED does not really decide the interest rates, Mr.Market does!
Just google for the following and click on the link:
The short video explains in a nut-shell of how the fed chairs in the past have eluded tot his fact!
Do you mind me asking what strikes and I presume Dec. month options for BTU?
I think BTU calls are ok... not sure about ACI puts unless you think BK filing in 2 months. Anyways, all share holders as of today's close are eligible to vote on RS. Also, the slam in to the close continues... but, for how long?
judging, by the impulsive move this morning... Wave-iii (Minute wave level) might be unfolding... if the count is correct then we should see some gap up tomorrow and 1.32 and 1.4 being taken out this week.
All the big holders have not filed yet ( the top-15 to 20 institutions that hold more than 50% oft he float). But, event then the issue is July-1st and July-2nd accounted for 100M + shares traded and some of them could have got out then... I do think that the company will mention that top 5 holders as of today (Aug-10th, 2015) it is the cut-off date for anybody to be holding shares of BTU to be eligible for RS vote.
Watch for the final Institutional ownership number(s) due by EOW and see who sold and who held on? Who are the new majority holders and likelihood of them holding through July-1st sell-off.
I'm not really in to doing too much fundamental research, but looking like the PRB future prices are almost knocking on the $11 level ( where it was trading back in Mid-march).. So, coal prices are back at their march levels? BTU was trading between $5.50 - $6.50 at that time.... So, what are we missing here?
Are you kidding me? Institutional ownership is not know until 45 days after the quarter and unless they acquire 5% or greater of the total outstanding they don't have to file a 13-F or 13-D within 10 days. In short, it is backward looking unless you can determine if they could have sold in the last 45 days.