I don't know why PCLN is still 1135. Obviously the trend is lower, and there have been enough air disasters in Asia to discourage travel. It should trade below 1130 today certainly.
Agreed. 1. South Korean ferry disaster will be all over the news tomorrow. 2. Continuing saga of flight MH370, means no one will want to own PCLN into the weekend. 3. Too far too fast today, profit taking tomorrow (Thursday). 4. And most important of all, GOOG and IBM both missed. I don't know why NASDAQ futures are only down 6 points, but futures are often wrong.
Always drops into the close. They found the plane, and the bodies will be all over the news this weekend.
Just let it go longs. You're not fooling anyone. 1150 today (Friday) is inevitable
Dirty little Wall Street Secret: Companies borrow money at 2% and buyback their own stock, to support inflated levels. That's what's holding it up. Won't work forever, though. Eventually the line of credit runs out.
The rotation from momentum/risk (PCLN, TSLA, AMZN, NFLX) will continue all day and quite probably all week. PCLN will close below 1150 today, it's inevitable. 1100 or below this week is also probable.
PCLN remains a good long term investment, however, and this is a buying opportunity if you're an investor, not a trader.
I was merely posting what MarketWatch said. Based on the Malaysian PMs announcement this morning, it seems there was a decompression followed by a "Payne Stewart" situation on that ill fated Malaysian 777. A zombie flight is a good reason for PCLN to lose $50. It will recover though, this week, so buy calls and sell puts.
PCLN Set to Rebound After Yesterday's Selloff of 1.82% Mar 21, 2014 --PCLN traded in a range yesterday that spanned from a low of $1,267.64 to a high of $1,316.99. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $1,272.17 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, PCLN share prices have been bracketed by a low of $677.72 and a high of $1378.96 and are now at $1269.52, 87% above that low price. The 200-day and 50-day moving averages have moved 0.93% higher and 0.96% higher over the past week, respectively.
Like a lot of tech, ADOBE is overpriced. AMZN, TSLA even GOOG are way overvalued. We know that. But the sell off here is just, too many shares, too widely owned to go up. Earnings were good, ADBE is making 52% of its revenue from the cloud. It should be up, but the market itself is looking kinda toppy here.
I think ADBE will fall to its next level of support, around 64. And I was long before earnings. JMHO, what do you think?
The market is selling off generally. Ackmann predicted the FTC would investigate then shut down HLF. Yesterday, the company announced an FTC investigation into their practices. Anyone with an education knows this is a scam. My is it still worth over $57 a share? Who's buying it, knowing it's going to zero?
I have the exact same call. I noticed the same movement. Ten times as many calls as puts were purchased on Google today. This is because the smart people know, tomorrow we rally. The market has a very short memory. Google will close above $1160 tomorrow, and your call will triple
Because there are 3,000,000,000 (that's three billion) shares, and someone decided to sell their 10,000,000. Wisely, I would add. $58 open tomorrow, $56 open Monday