Got a feeling they will take profits at some point today. The high is $22.345 so far you may see a too far too quick but I do agree with the other poster that $16.69 was overdone like a lot of stocks during last week.
RBC just cut CHK's price target minutes ago. Putting both aside what makes me laugh is how crooked WS is more than ever. Yeah the DOW was up big yesterday but I watched CHK just keep going up late yesterday which tells me UBS either tipped off their buddies and/or their traders were buying. I see this so much when I woke up this morning the first thing I did was look for an upgrade and there it was. Let's see what happens today since CHK is up $5 from last weeks low.
Bought NCR yesterday($23.87, $23.45, $22.99) got out on the pop near $25 today on the Marcato story around 1:17pm. I actually threw in a market price and got a good fill because the stock was up so quick for seconds. Sorry to hear about your hit from the stock it did get killed yesterday. This market is destroying some stocks who miss and/or warn.
Anything is possible with these execs but the election could make this a $3-$4 stock (GOP win) by year end unless they really destroy the earnings even after cutting production and supposedly cutting costs.
Same theme look at OCN similar story as TRN. TRN was near $30 in the pre-market this morning you may see a similar move with OCN tomorrow.
Who would of thought? Even with this big market recovery in a week. I'm a bit surprised since their last months numbers were pretty good. It would seem the market wants to see a few months in a row to move the shares.
I could not agree more. He and his group are days away from real-time moves in individual stocks. What investors do not need is another Cramer wannabe leading them into losing trades. When these guys sign that Fox contract like Lou Dobbs (a 360 degree viewpoint from his CNN days) I believe that a lobotomy is part of the deal. Of course more dollars will make these people sit and fetch on request.
But how long can they put up with her? I'm not in IBM in any trade or investment (my mom owns shares) but this is quarter after quarter with her at the helm even while the markets were doing well the past year or two. Obviously something is wrong and it is a big ship to turn in the right direction and if not for Buffitt the shares would be in the $130's by now.
It may not IBM is moving the Dow futures down over 90 points alone it is a heavily weighted stock. You may actually see some gains in a some stocks except possibly in services and software.
Looks like it's forming a bottom down here along with oil. This will bounce with oil possibly but at this point it will happen when you least expect it to catch shorts off sides. Possibly $20-$21.
I am amazed at how the execs are allowing this long for the results to come out. Who are they using H&R Block?