Nobody is waiting to buy until the original $159-$160 breakout test you god dam fool. Bulls had their fun for the past 6 months. Its over (for)now. That 7.3% drop tells us everything u need to know for the markets direction for the rest of this Q.
Thats something people dont seem to understand. Companies in positions like rsh or psun only can survive with a continually improving economy. I'll call it escape velocity.
RSH turnaround does not have the escape velocity to outrun even a brief and moderate recession. With the debt issue this August a recession would give RSH approximately 2Q's before they would have to file bankruptcy.
One month of gains gone in one day! Ouch! Wait until the US margin debt figures are released for April. Should see an all time inflation adjusted high.
That japanese selloff was like our October 2008 selloff. Kind of the first shot fired. Could be a very nasty summer for equities imho.
Any clue what is going to happen when the margin calls begin? Yikes!! You think that 7.3% Japanese fall was the last of it think again! US markets to get slammed this week.
Japan slid 7.3% yestersay and this is likely just the beginning. Only a fool would buy a dip here. The $159-$160 breakout will be tested. Longs were warned. 1 month gains will be lost in less than a week. LOL.
Futures broke $164.40 earlier. Thats significant and could signal a retest of the breakout area @ $159-$160. It was in futures and not regular trading though. Even so it does not seem like their is much of anything below us right now.
Then gme will fall back to the $20's. ill be a short post earnings.
I remember reading several leading elliot wave strategists a little over a year ago who portended that wave 5 would bring the s&p to around the 1680 area. I thought they were nuts and that we would see 1000 before 1680. Lone and behold the market hits that target as Bernanke speaks and sells off.
The scary thing is that these same elliot wave guys predicted that after the 1680 area was hit we would enter a 5 year long bear market. Yikes.
No difference. Both will collapse by the same 30%+ when this scam spinoff is complete and the general market pulls back. Kind of like asking who has a better memory, Mouhammad Ali or Michael j Fox. They both have big gaps when it comes to that like the df chart.
Just like you could not go wrong buying almost anything in March 2009 you cannot go wrong shorting almost any stock at the current level. The bullishness has reached the point where hedgies are on tv screaming to buy anything and strangers are asking Cramer if its too late to buy gme or tsla. Even the fed needs a correction at this point.
I was a fearful short last week and the week before but not anymore. My fear has given way to clarity as i realize that the beginning of the end is only a matter of days away. New traders and investors will look back 6 months from now at different stocks charts and say "wow, spy was at 168? You think we can get back there?" The answer will be "No" as the 5 year bear market will only be just begining.
Elliot Waves predicted almost 2 years ago the 5th and final wave would bring the s&p to 1660-1700. It wont be long now. I no longer fear this hornless bull.
My god is this company and stock foul. I was just in a radioshack today to get a disposable phone and ended up walking to 7eleven across the street because the same model was $3 cheaper. My wife bought a $5 audio jack before we left and the service associate asked for phone number, address, email etc... Took way too long. The store was old, cramped, dirty and the sales associate said it was the first sale he had rung up in two days. LOL! How much longer do these dirty strip mall kiosks masquerading as stores have left? These stores are not hip, not price competitive and have nothing that you cannot find elsewhere for cheaper.
I really see no bull argument to be had. Short 20,000 shares.
Digital downloads growing at 50% yoy and with xbox one's massive cloud downloads will increase substantially in the next gen consoles.
This means gme will get less traffic for new games...but thats not nearly the problem. The real problem is that
one digital download = zero used game
Used games make up 49% of profits. So its a double whammy-No new game or used game sales. This company has no growth future. Bankruptcy should be expected by early 2016.
Great, so with those sales of the most important parts of the business where is the revenue going to come from in a shrinking market?? Margins are contracting again slowly as input costs rise. What does it say when a company divorce like this happens? They know df and dairy has absolutely no future or growth prospects. If they truly did then their would have been no need for the split. Between the ongoing anti-trust litigation, rising input costs and declining milk market Df will be bankrupt by 2015. This is unsustainable.
Even coming from DF this spinoff was a little surprising. We know they nearly bankrupted the company with the absurd dividend years ago, have gone out of their way to destroy small irrelevant farms, have lied repeatedly, overpaid the brass, underpaid their workers, and love debt more than an 18 yo California high school grad but this spinoff takes the cake. And now the r/s? Ha ha ha, its so sad we had a couple bufoons on this board convince themselves that an r/s was good for shareholders of common stock! Lmfao
These fraudsters get to bust the company yet keep the company. With this whole spinoff one thing and only one thing has changed, their is now a wwav ticker. These guys are going to use df for wwav like its a toothless crack ₩hore.
Within 3 months df and wwav shareholders will lose approximately 35% of their original DF position as it was last week. Mark this post. Lawsuits will come and df will be near bankruptcy by 2015.
2 characters more over the top than even Frank Miller could create in one of his comic books. I mean seriously? The ivy league snobbery and waspiness is captured so well with these guys its actually hard to believe at first.