Trying to take away pbr shares from weak hands or make quick money, Wall Street big boys lower price at pre-market then increase price slowly during the day because they know well pbr is at near the bottom and starts to move up.
Really sorry for shorts.
They're really tired to count money.
No product, no profit, loss every single quarter from 2002 but alny keeps going up and up. Management feeds investors with PR all the time and management team rakes in hundred million dollars.
WHAT MAKES SENSE TO INVEST IN THIS KIND OF STOCKS? FOR WHAT?
Even Worldcom, Enron stories happened not long ago, people still want to get rich quick and throw money in high fly and high risk stocks such as nflx, cmg. These stocks were promoted by shady analysts such as Jim Cramer, Barton Crochette who said American watch nflx 12 hours a day and slapped $900 target price.
One day these companies might suddenly declare bankruptcy and people lose all their hard earned money.
Wall Street takes the promotion of Cheryl Cohen as good news because Cheryl Cohen was in charge to launch sucessfully Xtandi for MDVN before. Now she's in charge to launch Galeterone for TKAI.
Even though the success in the past doesn't guaranty the same result for the present or future but it gives HOPE to investors. And hope is the important part of "Greed and Fear" of Wall Street.
I believe there are some hedge funds who started to buy kndi shares. But because kndi is a small stock, if they want a large amount of shares. The only way they get them by lowering price so small investors are frightened and sell their shares. Wait and see.
I have to say kndi situation now is better than any time in the past with a bright future. There is no reason to keep this low price beside manipulation.
KNDI is down in many days after a very good earnings due to option expiration today: Traders push down the price so they can get a huge profit form people who bought calla or sold put. You'll see kndi would go up fast on next Monday.
I think bilionares in stock market get money from people who lose money in the stock market. Money changes hand from losers to winners.
Thank you because you show that you're more civilized than the others. We just express our opinion not try to insult someone who has different idea. We all have the right to believe in our judgment despite it's right (make money) or wrong (lose money).
My short position hit the stop order. I didn't make much money but at least I didn't lose money.
If I cover today I can make profit of several thousands dollars. Of course this is a petty cash to compare with billion dollars. But you should know Wall Street doesn't create more cash only transfer money from an investor to another one. So you know where is the money these billionaires get from?
By the way I shorted vrx at 202.50 yesterday and put a stop order to make sure a profit. I don't cover now because I think there is room for vrx to fall further.