Never fall in love with any stock. They are just vehicles to allow you to make or lose money period and this one because of Obama's EPA, p-ss poor management and a sector in decline is garbage. It lost me a lot of money last year fortunately I had a really good 2013 so it was a used to offset some of those gains and if not for the market being rigged in so many ways I would have shorted it from higher levels last year but the brokers including mine "can't get the shares" and we all know what that is about. I will wait until after their earnings in February to see where it settles and to see if it's worth getting back in at some point. This stock may not start going up meaningfully until late in Obama's last year and by then it might be too late.
He's probably not alone. Tell him he can get it near $11 in the AH to average down since they are dumping most stocks tonight well below the daily lows.
Possibly $26-$27 but CAT may wreck things Monday since it will give an indication of global demand (CAT has stunk things up during this bull run) which is one of the reasons why the market has been selling. AAPL reports after the bell Monday that may make things worse unless the holidays were good for AAPL then maybe things turn and then you have F on Tuesday now if there is any hint of an auto slow down here and abroad then the selling keeps up. If earnings do matter and they did not today they had better start beating on both lines or the correction continues. I think not much changes but I hope I'm wrong. If someone believes the market will rally Monday they are throwing away most stocks below the daily lows in the AH tonight.
That's it they are done overseas based on the past two days action. This stock is down $5 in a week or two I'm nibbling down here. The world is now in recession I guess the funny thing is the Fed meets next week and if they hint at no taper suddenly these markets could suddenly spike but a lot of this selling is about foreign currencies imploding over the past few days so that is out of the Feds control unless they start buying their bonds too.
I cannot remember the last time... I sold my last longs near $22 days ago never saw this coming even with the bitter cold weather usually this doesn't happen. Blew right through the 52 week high but I would be careful here there has to momentum guys in this now and soon as they see warmer temps coming that may be it.
Right up until the end of 2013. His theory for months was that fund managers will continue to buy the 2013 winners even into the new year. He repeated it numerous times on his show. Why I never trust him is because he is still attached at the hip to his hedge fund pals (he made his fortune as one) he pumps on his show and his buddies are tipped off ahead of those pumps and the reverse holds true where he pumps a stock and the next day an upgrade shows up from an analyst since he knows most of the WS analysts. When BBY collapsed recently he stated "BBY shares need to rest"....pretty funny. It's so obvious you don't pump stocks near multi-year highs which he does along with other CNBC happy boys instead he should be looking for stocks that have been beaten up for the wrong reasons like BBY was in early 2013.
I used WLT as a tax loss to offset gains in late December so I guess I will wait for a lower price from here. I kind of laugh at Wells this morning they dropped their target by $7-$8 on a $12 stock. There should have been a downgrades above $19 and upgrades down here but this is what WS does best. I guess WLT must have slipped under their radar the past $7 since November. I'm waiting for that $10 area again I guess we will get it after earnings on the 19th. I am staying disciplined until it gets there and I'm pretty sure more analysts will help it get there.
Yeah WFC joins GS this morning. I guess I will wait for $10 and buy again. Once again where were these guys a few months ago above $19? WS analysts are so behind the curve on price targets and ratings changes they had price ridiculous targets on most retailers and many of them are imploding. I would guess GS and WFC will be buying down here themselves near $10-$12.
SNDK was up nice after the release now down near today's low due to their guidance. I sold what I had left of MU at $23.741 just after 3pm. I have seen this having trouble getting past the $23.80 area lately. There could be a lot of people possibly stuck in around there who are looking to get out in that range. It went up almost a buck and one half from yesterday's $22.32 low maybe too far too fast. I will wait for another pullback there almost always has been one lately and watch it closely up around here since it's not far from that $24.50 high. I posted last night not to sell MU in the afterhours because of IBM and AMD's results and man I'm glad I followed my own advice into today.
It is actually higher now $114+ for now. A bunch of his holdings have seemed stop going down the past few days. The drop in IEP since the $140's in December seems to be a bit overdone. Maybe a bottom is in. Icahn has EBAY flying in the AH he has an .82% of the stock just announced.
That's a good sign if so. But if there is a falling market before 4pm it will shake out some renters possibly. One more thing there has a to be a decent amount of new shorts in this from last week. They may cover according to their greed level. If the market goes positive before 4pm it may approach $26.
I was just wondering the same thing. It's going to take the old momentum train it had in the summer and fall which some of that is gone. I don't think today but maybe soon if the market can quit going down near a 100 each morning.
Goldman cuts the industry yesterday and price targets today that's how the game is played. I just keep wondering where these price cuts were when the shares were above $19 a few months ago instead the piling on down here. That's how their shorts work then eventually get it to a price where they cover and start buying.
He told is worshipers to buy BBY before and throughout December around and above $40....closed today at $24.47. When the stock cratered last week he blamed analysts for being too positive and the stock now needs to rest. If you follow him near a market top you will have your head ripped off because his hedge fund pals are now short what he is pumping on the airwaves. He bashes shorts everyday yet he made his $100+ million shorting stocks. In this day and age how can anyone follow him?