Needs to consolidate some after a crazy few day run. I would guess a lot of yesterday was momentum guys. I'll go long around $7 if it gets there.
Baird cut their target from $93 to $85 tonight with a "neutral". The stock closed at $71.42 if they now have a neutral how is it supposed to get to $85 or better? Do these guys even read what they release?
I kind of agree. If you watch the action the past few days especially today this is a lot of the momentum quick money guys trying to hit shorts along with the algo HFT's. I just started shorting above $8 today this is just silly the move in a few days. Usually anything that goes straight up does come back a bit especially lower quality stocks. I would bet below $7.50 by Thursday or Friday.
Something is holding this garbage up. If it gets to $8+ I will start shorting this. This is being propped up by someone or something you can rally see it in today's action and price spurts up out of nowhere. This is a failing business and when they reverse the HFT's algorithms this will drop as quick as it went up. I'll be watching for $8 soon unless we get another market correction then this will be near or under $7 quickly. How can you not take profits up here after making .01/share was it?
If $20.40 is not the low then oil is going into the low $70's. The Saudi's want to see what level will hurt a portion of the newer American business. Meanwhile if they keep cutting they will help wreck Putin's economy and eventually for the long run they will hurt their own economy as a result of dumping at lower prices. I think they will cut production relatively soon. The other OPEC sponsors of terror must hate the Saudi at this point. There will be chaos among OPEC in 2015 as a result of this I believe.
On Oct. 27&28 he sold near 220,000 shares. Him and Joly sold a lot of shares late 2013 when the shares were near those highs in the $40's. Just a heads up in case these guys know something again about sales or their business. They sold months before the shares got cut in half in early 2014. I'm out of BBY over a month now so I have no skin here but just keep this in mind while the shares are climbing again.
Bought $31.06 sold $31.49 the first drop....bought $30.96 sold $31.40 the second time. In and out is fine I do not trust this market until it settles down possibly in November when a lot of funds close their books soon for tax purposes. Was it Samsung's report that hurt MU today? Possibly.
3 million revenue miss which is not that bad....all in all it's a slight improvement. Imagine if the slashed or eliminated the execs pay that would help EPS for the next report. These guys should be working for nothing at this point.
Pharmacy up 7.1% pretty good too but I'm sure the market will find a way to turn it into a negative.
One more thing SO got two slight price target raises this morning. I actually may try to trade some her if I get some in the $44's I already own a nice amount for years re-investing the dividend.
Down big early here in the am. Earnings were good so you subject the ex date today and it appears the market is freaking out about the Fed possibly raising rates in the spring. The funny thing is the Fed is not raising anytime soon and if they did next year it would be .25 initially. The market is freaking out about a 2.3% 10 year....amazing!
CVS shares have done nothing but go higher since they announced the cigarette ban. Rite Aid should have got on board with the Apple Pay that will bring many customers in who want to simplify their buying habits. It will give the I-crowd another place to shop.