Of course they do. If you're on the right side of collusion (short), you would be happy. But only a fool would claim there is no collusion in the stock market.
Stock going sideways. Looks more like two hedge funds colluding and selling back and forth to each other. Someday buyers will want this stock again. Hopefully some day soon.
doc--You still long here? Wish I was but have no position here. Short DECK and TSLA. Long CRZO, DVN, MAKO, and a few others. Hard to believe the FED can say anything that will further propel this big move the past two days.
Now I don't see the headline. Some firm named Alpha ....? was supposedly downgrading. Was one of those paid "research" articles. Anyone else see the headline?
I hate this part of the market. Very likely we trade within pennies of $12.50 Friday and this manipulation appears to be either legal, or certainly consistently ignored by the SEC. I did sell some $12.50 calls but am now wishing I had sold even more. Hopefully next week we can continue higher. My worry is that we have already used our market rally, so it will be harder to move the stock higher.
At some point when all have given up on this stock, it will have a sudden burst for no apparent reason, then some reason will be invented. The truth is we are someone's play toy and when they are ready and have accumulated the shares they want, we will see stories about how oversold it is and the stock will ramp up. If only we knew the right entry point.
Would be shocking if that happened. I do think$26 is possible and bought some shares near the close yesterday as FB began recovering. I don't see much downside risk here unless the market collapses.
Looks like it is near a bottom to me. Recovered in the afternoon and closed near unch on an ugly day in the market. I bought a little for a bounce.
Sure, it is possible that the volatility carries it there briefly, but when the market is up 1% and TSLA is unch, that is not a good sign. With a pullback in the market, TSLA is likely to pull back several points. I'm just saying it gets harder and harder to climb the hill to $100 as there are less new buyers here than previously. Most who wanted in are already aboard.
blue--Yes, in this market screaming higher it is up. I still think it could go either direction. Just sold my SVXY, currently up $3 for the day.
artist-I have to think that is a significant part of this downward spiral. Any other stock would have had a significant oversold bounce, but it appears someone has their foot on our throats and won't let us up. Even more sickening is the possibility this is being done not only to make money shorting, but also to allow buying up of cheap shares before the "good news" comes out and the stock takes off again. I feel like Charlie Brown when Lucy pulls the football away from him year after year. I can't even count the number of times I have thought the stock couldn't go any lower. Many times I have considered buying puts, but then convinced myself that I was too late. Hopefully at some point we turn higher again.
Of course, it depends on how they execute, but any slip at all will take a quick 20% off the stock. Anyone long this stock should at least consider selling at $100 if you're lucky enough to see it again. The spikes up are getting smaller and harder to sustain. Tough stock to predict, but there is a fairly good chance of seeing $90 in the next week. All the excitement is over now, and buyers at this price are getting hard to find.
Wanted to buy about $10k worth or so, but unless stock sees $180, I'm not taking the chance. Ahhhaa63, congrats if still long!
Haha. Made me laugh! At first I thought, "Whaaaa.....", then realized the reference. For anyone who thinks you can't make $$$ in options, I bought for .30 and sold a few days later for .60, had I waited another day I could have sold for .80, and it doesn't look like it is over yet. If we do get near $43, I'll buy some shares and sell covered calls. Congrats on your very profitable position. See you tonight. And don't forget to eat your Ovaltine.
I definitely will be short VXX. I actually started a small position in SVXY yesterday afternoon. Worried a little with last nights awful futures, but when I start a spec position I always begin small, so I can't get hurt too badly. Interesting how APA stayed unch through a tough day yesterday and then was off this morning in a neutral market. I also have a short position via puts in TSLA. It will be volatile for awile, but by end of summer I expect the excitement to fade along with the stock. Re APA, I staying away for now and don't have a clue where it is headed.
Thanks. Closed my position today as a reversal could hurt in expiring options. Also think there is not a lot more downside here. This doesn't really fit with puzzled's (well named) belief we are all working together. Watching for an ugly opening and possible signs of reversal. If we start to see that, I am considering buying some SVXY shares or calls.