Oh yeah.....that makes total sense.
The second coming of the tech wreck of 2001 is upon this market.
I covered this thing 5 days or so ago....i forget which day exactly.....at $37.50.
But i'm looking for a re entry point......and today may be the day!
Check out the past 9 trading sessions.......Zillow has formed a VERY BEARISH wedge formation.
Look out below when the bottom suddenly falls out.
The previous poster is correct......you could wake up to a 15% or more gap DOWN one morning soon!
The chart plainly shows that.
This stock is about to get clocked.
Because on a day like today, they have their boiler room pumpers posting like crazy......pumping the heck out the stock that they need so desperately to get out of.
And today is one of those days.........because this market, and this stock are about to get clocked........and these MOMO players are sitting in a very vulnerable position........and they are getting very nervous.
Look out below......this stock has a long way to fall.
You keep believing that. You will be margined out of your shares.
And if you don't own them on margin, you will be owning your puny 25 shares at less than $50.00 per share in less than a year from now.
See you at $90.00 very soon.
So you prove my point......the market moves over 100 points because of what ONE stupid hedge fund manager says.
Which means investors are nothing more than STUPID SHEEP.
This market had a small reaction the ECB action.
Check the chart, genius......the market actually went NEGATIVE this morning.
The rally didn't start until after David Tepper's comments.
No wonder it's so easy taking money from you STUPID SHEEP.
You don't even know what's going on.
The irrational exuberance in this market is off the charts.
There is a MAJOR CRASH coming.
You heard it hear first.
So, the whole market rallies over 100 points because ONE stupid hedge fund manager says that his concerns about the market are "somewhat alleviated"?????
The U.S. Financial Markets are so fragile that they rally because of what ONE hedge fund manager says?
WOW!......if the U.S. Financial Markets are really that fragile, then this country is in BIG TROUBLE.
The U.S. Stock Market is so fragile that it rallies over 100 points just because ONE Hedge Fund Manager says his concerns are "somewhat alleviated"...????
If the U.S. Financial Markets are really that fragile, then this country is in a LOT OF TROUBLE.
If the U.S. Stock Market is so fragile, that it moves over 100 points because of something ONE goofy hedge fund manager says........
.....then the U.S. Financial system is in a WHOLE LOT OF TROUBLE.
This market has irrational exuberance.
Market CRASH is coming.
If that's all it takes to rally this market........then this economy and this market is in a whole lot of trouble.
The whole market rallies because David Tepper says his concerns about the market have been "somewhat alleviated"...????
LOL.......what a bunch of STUPID SHEEP.
ZILLOW lagged all three markets today.........and it has hit and pulled off all time highs on the last three days.
....and the volume was anemic today....meaning only small, stupid retail buyers are buying.
There is huge distribution going on.
This stock is DONE.
The next major move is DOWN.