The strength was good after the first few minutes. However I do believe since they are not far away from the 52 week high and when the Icahn excitement fades a bit so do the shares. This is a company that is still in disarray to some extent and it will not be an overnight fix.
He starts actions each Friday now knowing the markets will get nervous before a weekend. The futures dropped quickly around 6:15am this morning because of a report that those aid trucks had crossed into the Ukraine. The futures have recovered right now possibly the market is starting to overlook him like they have done with other foreign issues. I guess a full blown war may be what it will take to create a serious pullback or of course the Fed changing their course.
Good trade but it looks like you bought on August 12th that's the only day it was that low recently. I will bet this may retest the $54's tomorrow for another trade. If Yellin and Draghi disappoint tomorrow a lot of things will be lower since the market has gone straight up into Jackson Hole.
Let me simplify it for you they are selling the Cramer interview for now....buy the rumor sell the news. $56.80's trapped for now.
This is pretty funny I bought under $55 on the AH drop and sold at $56. Then the stock creeps up in anticipation of Cramer's lovefest. In between it got a boost when one of the Najarians said he bought it. This is not investing this is game playing. I almost hope it drops tomorrow and traps these $56.80 buyers.
It is cheap but they showed 1% growth, it is up 30% YTD and the stock is up over 6% today alone. It's all good for the momentum guys but if this has to pull back at some point. I believe the Cramer/Meg show this morning had a lot to do with it and this may be Cramer's hedge fund pals taking the cue. If $37.50 today then I have to start to short. I bought below $35 last night and sold earlier but this is nuts. The markets have backed Yellin and Draghi into a corner for tomorrow at this point.
I could be wrong but I don't think so. It may be a sell the news and what's the catalyst now? This will take some time for the accounting review I think it may fade the next week or two.
The Icahn news is nice but this is a long term project. The traders love to run things up like this but nothing has change for now and Hertz did say the review would take some time. That will allow for lower entry points. The stock was under $25 in yesterday's pre-market so I would guess you may see $27-$28 within weeks.
The Robertson's ratings are the highest on the network. Go ahead and blame Bush and Obama while you're at it. This is all about the ratings and the slimmy network execs who put dollars over morals. Get your head out of your #$%$
I cannot believe this is up this much based on the earnings. Cramer may have tipped off his hedge fund buddies earlier. I bought under $35 last night and sold out already but this is kind of silly.
I read their statements sounds like the CEO will fight to keep his job and status quo for now. What I see is people are still bidding this up early so far because of his stake. I believe he had already attempted to get a seat in the past. This CEO obviously is bad but buying up here I believe may be for a short term gain if any. Hertz did say that the review would take time leading to more uncertainty. Congrats to those who bought $25-$29 yesterday I was almost one but I was in other trades I guess I would be selling today If I had. When they do restate the market may hit the shares again but for now it will trade off of Icahn I guess.
and Hertz just announced that they are focused on their plan and it will take time to complete the accounting review everything is well.... onward and upward! I think the share's recovery lasts into tomorrow morning then the sellers come back. This is not an overnight fix and Icahn knows that. But it will be fun to trade this in both directions for awhile.