analyst estimate $ 6.32 loss per share next year... how then can
$ 85 per share price be justified ??.... when will this company actually
make money ?? at a generous PE of 25 she needs to make
about $ 3.50 per share ... vs $ 6.32 per share LOSS... ie. about
$ 10 per share income from here.... F O R G E T is... she is heading
back to $ 25.... or lower....
going from 8.99 to 9.99 w/taxes this will be OVER $ 10... this is
a baaaaad move.... also.. looks like they are preparing for a
disappointing earnings report... imo this increase would have
been announced along with a "good earnings report" had that
been the case... this CONFIRMS bad news ahead... GET OUT
she will see the August lows in a few days.... $ 77.50
at these level ?? are they kidding..?? bids wont come any higher than $ 65
per share.... so lets get back to shorting
IBB needs to test 265 before she can stabilize... last chance to see this
etf with a "3" handle.... it will be long long time (if at all) before we see
300s..... SELL NOW
"thou shall reap what u shall sow "... failure to recognize reality vs hype is a fatal error
while investing in the stock markets... biotechs et al are "trading stocks" not investments
you capture a decent trade then pull the trigger...
she closes at 675 or below on Oct 16. Earnings on Oct 20.. 10 for 1 split
possible will take the stock back to 100+ (post split)... then non stop selling on
a sharp down trend all the way to $ 35 (post split ).... take the 720++ ASAP
and then forget about CMG... she is DONE... and I mean D O N E... life time
done... don't make the mistake of getting back into CMG again for at 750
she has seen a lifetime TOP... look for the next CMG type bubble elsewhere..
the rally from 11,000 +/- has been biotech + fang driven irrational
exuberance rally ... lot of froth and hot air... Friday the IBB broke down
below ALL of its significant moving averages viz 50-100-200 dma.. there is
NO support below 320... and my model shows a plunge to 165 imminent
within 2-3 months... FANG will be the one to watch this week... IF NFLX
breaks 97.50, AMZN breaks 505 , FB breaks 89 and GOOG breaks 585
it will confirm onset of a huge 30% + correction ... unfortunately this holiday
season promise a lot of turmoil... we see UVXY crossing over the other side
of 100... line up out of the money puts now to reap a $ $ $ $ Christmas ...
the show hasn't even begun... this is just a preview... compare todays IBB
closing price with March 30 2016... it will be jaw dropping to see IBB at 165
Biotechs and FANG lead the rally for the past several years.. biotech bubble
is ready to burst... we see IBB down another 50-60 % from here.. absurdly
high drug prices cannot be sustained by ANY system let alone our bankrupt
US health care ... already 12 tr ++ in debt... we technically cant even afford
to pay for a $10 drug let alone $ 110,000 ++.... time to get real , wake up from
the sweet dream and face the nightmare...... SELL she goes to 180 within a
year or less
anything under 30 will look like a steal just weeks from now..
this is a no brainer trade... mining equipment cos (JOY / CAT ...)
are plummeting and forecasting weak demand going forward... miners
will start folding and or consolidating soon.... we see DUST at $ 75++
by March 2016
I like it.. gold "rockets up" what $ 20 on a $1120 price tag?? btw think
about this... in the end one has to SELL gold to conduct a transaction right ?
unless every thing is priced in "ounces of gold".... Central bankers will NEVER
allow gold to replace currency.. today was "scaring Yellen" rally in gold. and
sell off in stocks... the stock market mafias and the central bankers together
will NEVER allow gold to replace currency and stocks....
Then again.... I personally see very little correlation between gold and miners..
at these price levels... NUGT is trading a whopping PE of over 25... cant
call it cheap.... Oil prices are plummeting... Sell gold she is headed to