I exited this trade awhile back as the technicals didn't look too good. The longer term technical picture for this stock looks a bit better then the short term picture which appears to be down.
The selling in Gold miners is insane. They aren't really going to go out of business with Gold at 1500. Look at AU it is selling at less then 5x next years earnings estimates. I am not really heavily involved with the miners or Gold but bought a small position in NEM for the divy. It just looks to me to be short selling running amok.
Premarket is not what it seems. The stock is all over the place but certainly we will open higher. I am seeing us opening up around 70 cents or so.
Plain and simple, the stock is headed higher. Don't know why you think that 37 won't happen. My charts are showing a different picture. We bounced nicely off a long term trend line. If you were thinking of adding to your position now is the time to do it. Not only do I not think that the stock will be stopped by 37, I think it will test 38 in a matter of days. If we break that to the upside, it is off to the races.
I bailed this a.m. street continues to bash the stock and short sellers are seemingly endlessly attracted to the stock. The technical damage has began to weigh on the stock. The stock will probably eventually work but I have other fish to fry as they say. I just don't see the catalyst needed to drive the stock higher. Good luck longs.
Finnish mobile phone maker Nokia remains the most shorted stock among the euro zone's blue chip Euro STOXX 50 index as hedge funds bet the company will post disappointing results on Thursday.
Nokia has about 19 percent of its shares out on loan, according to Markit data, despite a 160 percent jump in the stock price since a low in July.
Nokia, which has fallen behind in the smartphone race against rivals Samsung and Apple, earlier this month flagged a return to underlying profitability after massive cost cuts and stronger sales of Lumia smartphones.
The extreme level of short selling on the stock could spark a short covering rally if the company releases better-than-expected results. Analysts expect Nokia to propose suspending its annual dividend payment for the first time in over 20 years when it unveils the fourth quarter results.
It was a very interesting article. I have a very small position in DDD, although it is getting much bigger, mainly as a spec play on 3D printing which might have consumer appeal. Not sure I would commit a large amount of capital to something that might be fadish but as a spec play it looks interesting.
I don't think I would qualify this as a breakout yet but I am looking at it as potentially the beginnings of one. I think as a trader, you want to know the signs of breakouts right before they occur and this is the point. Not to report what you already can see.
I reported last week about a bullish flag pattern that was occurring and have been postulating about a breakout from the flag. This is potentially it in my opinion. I want to see the close but definitely the volume is right and buying patterns are right. I want to see a close before making a declaration but I am getting optimistic about heavy buying into the close. We will see.
Unfortunately, the news media will spin the news. They are a tool of big money. Big money is either short or out of the stock entirely so they will trash it and try to keep a lid on the price. Watch even if news is good they will spin the headline will be "Nokia earnings big drop from a year ago period." It won't be "earning were bettter than expected." or "big increase in orders from last quarter." I have given up on the media ever saying anything good about NOK even though the fundamentals of the company are improving.
I work in the IT field, we are aggressively phasing out our WIndows XP machines. People forget, new PC sales only part of the picture. Also, upgrades are part of the picture and Server licensing which I am hearing are booming. GL
No announcement yet. The divy is in the bag. I expect announcement next week. BOD is going to look at stock price and probably announce Tuesday. The time to buy INTC was today. 1 year out you will be collecting $1 a year for every share you own.
Grabbed a few shares to go with what I bought in December under 21. Easy 4% on my money with that probably an increase every year. Any time yield goes over 4% I want to own it. Better than the bank.
In the CC, they were specifically asked about their cash. Intel said they are very comfortable with their level of cash and went on to say they would be comfortable with less. That seems to me to be a broad hint that they would raise the divy.