I still don't think so...look at the average...well above the 50 day and working on 200 day. Today you cross 3 month high. HD just beat expectations by a wide margin. What that tells be after remodeling houses they will be refurnishing with new furniture and decorations. Guess what that's what "Wayfair" does. See you at 35.
so far bad call...I think this will finally go 25-26. Just need another counterbid. I really like to say Raytheon come in and scoop the other half of the ADS-B play from FAA. How sweet would it be for Raytheon to own both sides (ground and air). Talk about synergies.
Investors should now look at technical analysis, starting with the volume exhaustion Friday. If you take the complete trading range 102-45 = 57. Apply statistics like divide range by /2 = 28. Then add 45+28 = 73 PT (Fair Price).
Whose bulling the consumers? Yelp or Users? So let me get this straight. If a waitress is not at a table in 90 secs and shows up 6 minutes later, when establishment is dead, that yelp should prevent a negative posting about the wait staff of that business? Only happy thoughts allowed? What if they've experienced that kind of service over several visits? Still not justified?
I think you may have something there. Investors should now look at technical analysis, starting with the volume exhaustion today. If you take the complete trading range 102-45 = 57. Apply some statistics like divide range by /2 = 28. Then add to low (45+28 = 73) you get a 73 price target. I bet that's how some of the analysts are coming up with a 70 range.
All I know I bought LULU @ 37 because of a bogus negative story. Now in mid 60's. Businesses can change investors' expectations on a flip of a dime. TWTR (36-39) is another good example (another weak MAU story). Street is concentrating on MAUs, not necessary revenue or earnings. Appears they are just ripping off Mom & Pop retail investors (Cramer I'm talking about your recommendation). Isn't the company doing well by meeting analyst projections with weaker MAU's. What happens if growth picks back up? It sure will not stay in the $45 range
Everyone assumes user growth will remain low? What if they find a way to accelerate it? This board is not addressing this. Especially the shorts! Why is there no discussions what it could look like. If they are making tons of money on lower growth....revenue explosion coming!