When there are no sellers that's when I get nervous. Most are now on one side of the trade at all time highs and when fund managers leave there is only so much room in that door. This look like a market top today.
COH is up near .90 and TIF is up .13 today. Now I know TIF jumped big yesterday but this is getting funny here. The machines are moving a lot of stocks on my screen today in a similar way. COH is coat tailing the TIF report in a big way while they have disappointed a bunch of quarters in a row. COH is up near $9 since that poor report recently. This is getting funny along with markets. The past two days have been impressive but I don't think it holds.
The markets too. Too funny and almost everyone on the airwaves are devising new ways the markets will go higher. The VIXX is so low and margin debt is way high and the year end in near by. Something's go to give.
You guys sipping the eggnog already? MU is doing very well but the market is pulling a lot of the gains this year from next year. DC does the debt ceiling dance again soon and if the Fed starts to taper the buy programs everywhere start to slow down. Hynix coming back anytime soon? This is a commodity, capacity/ demand business and the first and second quarters are seasonally weak for most tech stocks. What you are watching now is the "Einhorn Effect". Who knows anything can happen in this juiced market but I doubt you will see that price.
Very strange momentum driven action along with a few others on my screen even as the markets pull back now. I don't trust this upside move based on this might be the HFT guys in for now and they can run just as quick. Either way it is an impressive move but it feels like everything is topping. I've been saying I believe you start to see weakness in markets after Thanksgiving. Up eight weeks in a row and up almost everyday at some point fund managers will stop chasing and start locking in gains before the end of the year combined with some tax loss selling on top of the debt ceiling weeks away.
The momentum guys have left for now it seems. The last report was not good enough to keep the shares moving higher it would seem especially after a 280% move before the report. These shares would probably be between $32-$33 now if we had a normal market one that goes down on some days instead of up 8 weeks in a row and up almost every day courtesy of the Fed. Notice how AMZN shares have been doing lately maybe investors took their gains here and moved that money over there. Things will change after Thanksgiving I believe when the chase for yield slows and fund managers start to lock in gains and then we have the debt DC dance weeks later.
except at Best Buy (just kidding). The internals were weak also but it will be ignored because if the shutdown and Fed printing money until we are all six feet under. I've been saying I believe the rally runs out of gas after Thanksgiving and I still believe it. Happy Thanksgiving shorts & longs!
They were written mostly by The Motely Fool and Seeking Alpha daily who helped get BBY shares to where they were along with the never ending parade of upgrades by analysts. In fact one of the writers who almost guaranteed a dividend increase in September was an older gentleman based on his photo. I'm noticing that both groups have not really been heard from since the last earnings release. Based on BBY's recent action with the Dow up almost everyday recently it would appear the mojo may be gone from the shares after that report. Even Cramer's ranting on his Friday evening show about buying BBY on Monday has faded.
This was a gift.....from Tiffany. Back near mid $55 by Friday- Monday. A lot of fluff moved this today. Wish I still had the cheaper shares I bought after earnings but I have made more in other trades elsewhere but I do like COH eventually on the turnaround story further out.
According to some of the articles here on Yahoo a few months ago the writers almost guaranteed that BBY was supposed to raise the dividend and repurchase shares. The CFO told us otherwise. The .17 dividend is no longer a monster reason to buy shares up at these levels. Try SPH or APL if you want the same price range. SPH is a bit safer I believe I have been buying and following them for a bunch of years now.
You got a nice Thanksgiving. I'll bet when you woke up today you never would have imagined this move Tiffany or not. I think you will get that $55 in a matter of days.
The HFT's own it for now. When they change the software direction watch what happens. This was up near 5% on the back of TIF. WS having fun around holiday volumes. Look at S today the same is going o there.
No not yet but I am watching this $57 area maybe to start some shorts this is the market having some fun but this will fade based on Coach's recent reporting history. By Monday this will be in the low $55's. Hedge fund and HFT's are using this to trade with TIF for now
COH was downgraded today. This pop will fade back to mid to upper $55 by the close. They are playing with COH, S and a few others on my screen on now news just lighter market volumes around the holiday.
For a trade I could not agree more this is coat tailing TIF's report. What changed overnight at COH? They have been missing now for a bunch of quarters and are in a transition they say. This was at $49 after their earnings it has no business being up here at this point other than following the Fed driven rally. This will be back under $55 by Monday. This is a momentum driven short squeeze and just took another leg up during lunch time. This will fade there is no real conviction in these trades today other than to catch shorts in a light volume week.
Amazing how WS can do whatever they want and sometimes follow the direction of bigger option plays. Three weeks took away a few months of upside work. With lighter volumes around Thanksgiving the moves may get crazier. The shorts are trying to shake out weak hands to a lower price before year end to scoop up shares on the cheap for a 2014 move higher once again.