this stock visited $6 early last year and was recently $5.91, but it needs to get above $6 and stay there. It's not a matter of IF but WHEN staples will buy odp in my view.
they lull the general public back in with these fake dow/sp pumps while most stocks are below 200 day moving averages and year averages. "THEY" HAVE DONE THIS FOR 2 YEARS WHILE THE INDEX'S ARE AT RECORD HIGHS.
and they will probably buy odp sooner than later.
in a bad market.
what's going on? it's been up big for at least 3 days in a row in a very bad market.
Get out of intce while you can, i believe that they will use intc to take the overall market down big....even when earnings beat along with good guidance they still take the stock down. that's my opinion on intc.
Staples has been up at least the past 3 days from Thursday to today even though the market has been tanking. Odo has been down the past 6 days.
Sec. Regulation Sho which allows for market makers/specialists to naked short are some reasons why the market is skewed to the investment banks via their market makers, specialists, own accounts,and hedge fund clients at the expense of retail investors. Only in wall st. can they produce counter feit shares and increase the float out of thin air.....
Sec. Reg. Sho which allows specialists & market makers to naked short and produce counterfeit shares and the elimination of the uptick rule are some of the reasons this fraud stock market is skewed to the shorts, particularly the investment banks, their specialists/mm's, and hedge fund cliients that can trash a stock to oblivion.
energy stocks are dragging the market down since that's where the hedge funds and money is, but retail like odp should benefit from lower shipping costs, lower delivery costs, etc.
could be anytime, that's my view. It's apparent that the FTC would approve a buyout of odp and Staples previously tried to purchase odp but was rejected by the FTC. Credit Suisse, Cramer, and Starboard all pushing for a merger.
with the drop in diesel and fuel costs for odp, it will benefit from cheaper shipping costs and delivery costs as well as give consumers more money into the holidays. This stock is not a multinational company and is not effected by Europe like the multinationals.
stocks all over my screen from different sectors are red, yet the index's are always near or at record high. They want to deceive the general public so they would continue to invest in their fraud casino for 401k, IRA, and general investing in stocks. The F e d manipulated market and their investment banks via their market makers, specialists, etc. were instructed to short stocks down to new lows, and yet keep index's high to repair the damage done during the last 2 market crashes.
Check out the Billionaires hoarding piles of cash and getting out of the stock market. This is reported by cnbc, cnn, cbs, etc...They know something's going on..... Maybe the Book of Revelation is finally manifesting itself. This market is a fraud and they have rigged the index's (dow/sp) in order to suck people into their fraud casino so they can get out of their long positions and possibly go short...
hope springs eternal
will the selloff continue into tax loss selling in December??
what do you think??