i am trying to find out, but have no answers.
The Smart Money never gave up on CVX. The company is just too good at making money. Currently trading at 110.12, a strong buy is maintained based on continued buying by the people who do the best year after year.
I dont bash. I just report my findings. I do not have any emotional attachment to AAPL. I am just reporting what , The Smart Money, people that are winners year after year on wall street are doing. They are selling AAPL. Actually, they are selling into this rally as well. The S/P is fully valued.
sold right into it. The selling isnt over in this name.
CVX closed at 102.38 12/12/14. Tell me what yoou think about CVX in May, when it takes back all it lost plus the dividend.
GPRO will tank as fast or faster than iomega. Now you know why there is so much short interest.
The Smart Money is buying first and foremost XOM and CVX in the oil related sector. You have to have faith it these business models to buy into this plunge. Remember, the smart money looks ahead.
Fundamentals havent changed, but market madness has. The QQQ's and AAPL are overbought.
I put out a sell, on AAPL at 372.95. That is a fact that could be checked. That sell was based on the same money flow formula I use today. The only differeance now is, I put more weight on Smart Money activity.
Next level targeted level is 300. That projection is based on institutional money, The Smart Money, leaving the shares.
Wall Street strikes again. I do not recall anyone on CNBC mentioning that very fact. Maybe its because I watch those talking heads with the sound turned down. That program costs the average invester billions.
Twit me at Smartmmoney at 4:01 pm. Let me know where GPRO closed. It will close at a loss because Smart money will dump right into this suckers rally.
These overbought market must correct. AAPL will lead the way down. NFLX is a mess.
GPRO currently trading up 2.96 at 62.78, will close down today.
When in doubt, follow the money. In this case, The Smart Money,is leaving AAPL. At best AAPL may hold out at 108. A break there, then its minus 100.
I reported to this board weeks ago, the major money, The Smart Money was getting out of AAPL between 115 and 120. No one listened. Well im reporting again, that the selling has not stopped by these astute investors. The QQQ's look like they are ready to give way.
Next stop 300. I dont make the facts, I just report them. NFLX is experiencing negative money outflows from their shares by The Smart Money
AAPL, NFLX are still sells. The people ahead of the curve, The Smart Money is selling U.S. Equities.
I do not believe that much of a earnings drop. This company has a way making money in all types of environments. Therefore, I question all lowered earnings estimates.