OPX next week and the options writers are not at all where they expected to be so prepare for more volatility. Meanwhile, today is the last day shorts can cover before having to pay the .13 div which isn't much but could help today's close. Be patient. We're at a solid $65 by Christmas.
They had SWKS at a miss (.90) I'm pretty sure the shorts route these inaccurate reports through channels that can't be legally touched. By the time everyone figures it out they've already closed-out all the stops they could get their hands on. Reuters is totally irresponsible so most come through them. As far as IBD, there are no accidents. Someone should lose their job.
Tomorrow should be interesting. CNBC never mentioned SWKS tonight so there was no confirmation one way or the other (at least I didn't hear them). Tomorrow will be a different story. The shorts got hosed two weeks ago so there will be a battle. If they manage to get it anywhere near $60 I'm adding. Good luck
On schedule or maybe a little a head. The "big" short should be mostly covered by now, the little ones who decided to jump in are about to learn a valuable lesson.
To me it looks the shorts are working on a death cross here so be careful. I think the reason it went up on the 16th was the shorts using the .48 bounce down to cover, as odd as that seems. Keep in mind GRMN has been crushing earnings and the end of the quarter coming. They will have to cover to cash in and put it on the books. That to me are 2 catalysts to take this up but probably temporary.
I think the last date of record was 6-6 and the stock price went up^ from there but I don't remember if there was another catalyst. This week is more about OPX imo.
The Garmin wrecking crew got caught short after a stellar earnings call and then are forced to scramble against all logic to try and hold this down for a couple days. What a present @ 54
It cost the shorts 650K shares to drive this down 5% premarket in an attempt to cover and get on the the right side of the trade. It would have taken them x10 to do that during normal trading hours. It is the same approach they used after the earnings call. Go against logic, hit it hard, cause doubt, plant BS upgrades that are really backhanded downgrades. Its typical, predictable and very playable. Good luck.
Not much supply and high demand, prices cranking upward with interest rates dropping, strong housing season is fast approaching, last earnings blasted shorts, a low PE and the always popular GOLDEN CROSS is coming...did I forget anything...$27-28 in 6-8 weeks....maybe sooner, maybe higher.
and stepped over the gap for a crummy 20k shares...I'm guessing these are largely lease-back shares which have got to be covered and repaid within 30 days or reported and of course incur another month's worth of interest. Anyway, what a present at 29...