After the market sells off on a good jobs number tomorrow under $55 this closed $57.90 on Monday. Remember good news is bad news and bad news is good news still in this market. That's why you had the advance after another lousy quarter the sugar bowl helps all. Who knows maybe the jobs number will be weak and the markets are off to the races.
The weather sure changed from yesterday. Retail is weak across the board today and why not almost all of them are warning. The ironic part is CONN's had very good numbers today with great guidance and the stock is up big yet no aid to BBY.....very strange market we live in. It is early here at 2pm BBY is below $42 with the machines help it could be above $43 by the close....who knows?
says sell why not when it was over $10? These guys love to pile on when stocks are going straight up and the same when they are in free fall. I hope this rallies to near flat today. You can bet their traders are buying today.
machines and software....you have to be on the right side with them each day with a lot of stocks or watch out.
I read the article today about her claims and denial that she, family and friends benefited from her claims yet she was purchasing downside options for her and in her mothers account. She was also sharing this info with friends. She is barred from the industry for 6 months and fined $25,000. My only question is why isn't this woman in prison?
Earnings do not matter in this market. BBY was near $38 after the earnings release and in two weeks it's up $5. Today once again especially late someone or something was keeping this up no matter what the Dow was doing it's getting too funny now. Possibly some window dressing for the end of the year fund statements who knows.
Got in $21.48 average on three buys . It never got to the $21.41 low but it got close. I hate buying near a 52 week high but there is so much positive chatter and higher options for January so I'll give it a shot. The Fed news looks like they will do nothing in December so more money printing but I am worried about tax selling and profit-taking the next few weeks. The retail sales numbers from here on will stink with heavy discounting which will #$%$ the market a bit but MU has little to do with that I guess.
Wow! I won't be Schulze and Joly's bag holder when this is back in the $20's next year. BBY is no longer and investment just a trading vehicle at these levels. No growth, negative comps still and comps get tougher next year. You have to give these insiders (who brought the company to the brink) they may not have known what they were doing the past few years but they sure knew when to sell.
Up down up down. There is nothing fundamental here this is now about the guys with the machines and software cashin' in. They set their daily limits and buy near the lows and short near the highs. Fun to trade but why should the small guy who has been hit over the head so many times invest in this market?
Let's not get carried away with JCP the +10% comps in the AH they are nice but there is a long way to go for these guys. I was buying from the $8's to the $6's in September through October based on the similar Best Buy death theory but if I can get a $12-$13 by year end I'm gone and will watch after December. I own 5,600 shares but I'm not buying anymore up here. JCP's comps will be easy for awhile into 2014 but then they have to actually grow the business when those comps get a bit tougher but for now the sentiment has changed but they have mortgaged their operations which was their last resort. They have to strengthen their cash position going forward like Best Buy did this year. Who knows maybe the $30's by the end of 2014 but they do have some serious problems mostly burning through cash. This company was already in trouble and boy did Ron Johnson destroy it then take some money and run.
This is rooms full of people at different firms who are on the phones with each other before markets open with their fingers on the buy button on almost every down tick along with the HFT's software. When I saw Morgan Stanley keep Facebook at $38 or higher for the last hour of trading on the IPO day to avoid embarrassment I know it happens and Morgan admitted they were doing it that day. If they can keep FB at a price for over an hour with all the selling pressure and volume of that day these guys can do it anytime anywhere. That day I saw FB trades that were trading in penny fractions at $38 for a solid hour. When people say markets are not rigged just smile and nod your head I do.
what we all are witnessing is how hedge funds and other pros can manipulate any given stock on any given day. I'm kicking myself I was trying to buy below $40.40 but got too particular on the bid and kept missing.
That's old news that came out right after the last earnings release. I give Citi credit for waiting for after the report instead of the piling on days before they reported. I'm still waiting to hear from the firms that were upgrading weeks ago.
See how the machines crept back in around an hour ago. I read the Barron's article from yesterday where the author says they are doing well during the Black Friday weekend yet BBY appears to be discounting deeply like the CFO said they would. Shoppers tend to disappear now and wait weeks for deeper discounts from retailers like they have been doing the past few years. This looks like the same set up for the next earnings release the market will attempt to run up the shares then when margins get hit again and comps struggle the shares get hit again. Going forward into 2014 their comps do get tougher and nobody is really focusing on that. Let's see if they fade this today or if it holds.
Find me some sell side guys that anyone is paying attention to. Just find me some sell side guys period with the Fed entrenched in the markets. Even Adam Parker of MS who was the most bearish at the end of 2012 and early 2013 has flipped and has one of the higher 2014 S&P targets. You use the word reliable that's pretty funny. I guess you forgot 1999-2000 and 2007-2009. How many of these guys were warning any investor in public? When this next bubble bursts in a year or two they will be slapping buys on almost everything at the top.
Late to the party I kind of disagree WS analysts love to upgrade at 52 week highs or in this case a multi-year high I see this so often. Currently there are some higher priced Jan options and it seems that markets "may" be starting to pull back so why not upgrade. It would not surprise me if they have some of those contracts since the $30 target is about 30% higher than the multi-year high MU is at now. This is what these guys do best.
My 24 year old daughter just left for the Danbury Mall. I'm not sure if there is any stores with Coach products in it since we are in NY but I asked her do you plan on going to Coach before the holidays she replied " there stuff stinks now" she used to love Coach products but all I see her buy now is Michael Kors merchandise.
Yeah the day after it would be a one day event. Does your mom know you are trading? In case you have not noticed the markets are not as strong as they were a week or two ago. It takes weeks to a month to form a decent correction and it will happen over the next few weeks. Good luck in January when the debt ceiling arrives. Some of 2014 have already been pulled forward into 2013 and fund managers will start to lock in gains and tax sell very soon. One more thing did you realize what you just posted..."only reason its lower is because of earnings" so if stocks disappoint they should just go higher anyway?