We are overbought on many timeframes.....It should be interesting...Good luck!
The President signaled that yesterday tot he markets.
They are barely up, and this is turnaround Tuesday!
The President clearly telegraphed this to the markets.
There is also no question that the stock is overvalued and there is too much of a supply overhang. These problems were present on the IPO date and are still present. When will these challenges resolve themselves so that price can move up to the IPO price of 38 and breakout into higher ground? Let's look at the current valuation and see what needs to improve for price to move higher. Further let's see where valuation is taking price short term. In other words how much pain is left before Facebook becomes growth at a reasonable price or even an acceptably unreasonable price? What are the valuation factors in our two quant systems that will trigger a buy?
This is not good for shareholders!
Don't forget, jmlregoog, that this settlement hearing is a preemptive strike that speak volumes as far as other suits are concerned.
The announcement can come at any time after the hearing today...Good luck longs....I think we will be seen $20 soon!
Hey, my friend, I am well aware of what the BAC short float is....The ratio is 1.2.....It is always that because there are alot of shares out there....But you know what, I cannot remember a time when BAC was not showing a 1.20 ration during my entire short through 2011...I can tell you this, though, when the Fed said BAC passed the stress test and when hedge funds found out that Buffett was buying into BAC a day before he actually did it, it felt as if the squeeze was on, if you know what I mean....I have been on the wrong side of some violent move ups during my short of BAC and I do not doubt the BAC will pressure shorts once again...
How did you like today's action, 5? I kept on buying under 13.....I am where I need to be with BAC shares almost and will wait for things to manifest.
Okay, longs....I just wanted to reaffirm my strong buy for BAC first and foremost and begin to explain why I think BAC shares will soon rise...First, as a former short, I can tell you that shorts will be scared to death come Friday afternoon. Once the settlement hearing is over, BAC shorts will have to begin buying back shares. As a former short, I promise you that because they have no idea as to when the settlement news will hit the wires, they would want to be nuetral...What does this means? It means that BAC shares should continue to rise right up until the settlement news at least. Since I suspect the settlement news to be positive, I expect to see BAC go on a tear to the $20 level at least. Once again, BAC bears will have to cover come Friday afternoon. Good luck to all BAC longs!
Well, he who laugh last is what matters.....ULTA closed at 96.64.....If I am not mistaken, that is 10 cents under when I said teh BIG DROP would begin....We should see massive selling tomorrow as a carry over!
I would not want to be long here in the last hour!
This last hour could be brutal!!!
Hey, Bob....Not short....Just rang the cash register on a long....Listen, man...Good luck with your long, but the market is changing....Lindenberg Omen spotted in clusters on the technicals and the correction has not really begun!
There is no way I am not cashing out here....