until Walter can prove otherwise I guess. It has to start with the shutdowns and cost-cutting until any demand and pricing shows up. If not they have a real problem what I could not understand why it took this team of rocket scientists to figure out they had to cut costs in 2013.
What would you expect after months of silence. Cramer is right when he's right but never wrong because he shuts up when that happens.
Looks like a lot of backing and filling which is actually a good thing. If you get some upgrades tomorrow you may see a close above $7 Friday if the market does not tank. I think you may see $7.25-$7.50 by Christmas.
Very good numbers can it carry the stock to that $8 area eventually? That's the question probably need another strong quarter to get there. Suddenly Cramer will be chirping while there was deafening silence for months.
On the make believe notion that they will shares will start trading on the Nazdaq again. They were about 10 years too early and tried to survive with Bush in office.
It's all about cost savings I guess but both businesses stink and could you imagine what would happen to both shares if this is just a rumor and nothing happens at all. How much more can be factored in for stocks that were at $5+ and near $13 when all this started. You have to be so cautious buying up at these levels on both. Intra-day WS is just playing with SPLS all day.....up then down up again then down now up again which tells me it may be topping without any news.
They are sometimes necessary when stocks get ahead of themselves or oversold but 7 out of 10 analysts today are basically useless puppets for their bosses and their firm's book.
That I can see but it has already faded...Dan Hesse is buying his kids gold filled I-phones this Christmas with the $49 million parachute while leaving this company in shambles.
I would guess the notion that healthier companies may start picking off some of the stressed companies. The regular session will dictate if this is for real. Oil and Russia are wrecking the futures right now it's a long day I guess.
Which is just plain stupid those stocks have been destroyed especially the leveraged ones but very soon there will be a disconnect and the market will wake up and say this is good for 3/4 of the rest of companies daily operations....Aren't the HFT's and algorithms wonderful? Mindboggling!
I would guess it's a combination of the investments also. IEP is down $17 off the recent high around Thanksgiving throw in HTZ down $5 when he announced an additional buy, AAPL down $10+ off the recent highs and so on
Our hearts go out to those who are affected by this tragedy. As far as markets go they have little chance it appears with oil still falling and the fear-mongers now on the air waves all day long predicting the end of our society. Peter King is doing his part right now on CNBC. I'm still going out my front door how about you?
Will you be stopping by the old McAfee compound in Belize? By the way what are you talking about?
True they have been good numbers and you wonder if they are topping with the rest of the world struggling especially Europe and China and now the markets are fearing the Fed in 2015 which is silly if they did raise it will be a small amount. Fed meeting this week if the statement says they are still on hold for a substantial time (which the market is not expecting) you may see a pretty good rally but you also need oil to stop going down.
If the VIX falls it usually leads to higher stock prices. The VIX was up over 70% I believe this week alone leading to a total of -677.96 Dow points and -127.16 Nazdaq points. I think he was trying to say that the VIX was falling in the afterhours but it is way too soon to tell right now.
Dennis Gartman made a good point tonight that the fowardation of oil is still pricing in lower oil. This is now about algorithms tied with the oil price leading the markets. That chartist Cramer spoke of believes their may be a base at $50-$52 but it needs to hold there and then it needs to rally a minimum of $6.13 off that bottom and hopefully continue higher. This is all tied to the Fibinacci.