Alcoa needs Cramer to rehash the chart pumping again. Those who bought lots over $11 give Cramer a call and see how he responds.......it's called CRAMERIZED!
All took profits in the dash for trash and seem to agree that the oil and commodity rally since Feb. is done. As soon as they said it the algos picked up on and brought all these stocks back down. The power of the HFTs never ceases to amaze me.
I have been posting may have arrived. I bet we see a Dow down near 300 at some point today. World Growth downgraded by a tenth by the EU today along with the US GDP of .5 party on the backs of central banks that's all we got.
The Cramers of the world hyped this stock beyond where it should have gone. The world's growth numbers stink and reality is starting to hit oil and materials after a huge run and it "MAY" be just the beginning. Remember when AA reported the stock went down then the hype show began. The dollar can only go so low when it rallies you will see an even bigger drop in these stocks. Funds have been and will continue to lock in gains even as these stocks correct. Have you heard Cramer mention AA lately? Some advice take your profits while you have them the HFTs can do anything.
Who doesn't need that .03?
Do you notice when Cramer stops talking about any stock the rally fades? This was his hedge fund brothers who ran it up before that AA chart display on Mad Money. Did anyone see the Chinese and British PMI numbers and that the EU reduced world growth? This was pure hype in all energy stocks and materials stocks propagated by the Cramers and Pisanis of the airwaves. The US reported GDP of .5 and all the talking heads keep saying wait until the 2nd half of the year. Gas prices need to come back down for the consumer to spend.
That means little look at Einhorn's, Ackman's and other big names their recent records at picking stocks. Now if we do not have a serious May correction ( I think we will eventually the dollar will stop dropping) I think shares can get back over $4 for sure. One thing you can count on is that some of these firms including hedge funds who bought recently may start the takeover rumor soon enough that's how WS works. For now shares still have to bottom over the next week or so. You have to flush out the final weaker hands or those who still have profits from lower levels. Good Luck!
It may not be in the sense the products are not for the general public but if the DOJ and medical groups start to get involved here it will push shares lower. Once again looking into the CEO's eyes during that interview he was not very confident or just outright lying.
Yeah I was kind of surprised that may actually work for the longs here. It may imply that brokers want you to short then they come in soon and buy shares and take your money.
Full year well below EPS estimates current revenue basically in line. I'm watching to see if it tests the 52 week low tomorrow in this market anything is possible. This was over $21 last Thursday....it's on my screen.
That 55 million share number here on Yahoo as of April 15th before GRPN reported I would bet a decent chunk of that may have covered the past few days. We will have to see the next update to be sure. Much of the epic fail probably happened the past few days. I think a bit lower then you see them stabilize to go higher. One of GRPN's problems is both P/Es you miss with high P/E's you get hit pretty good in this market.
Have not heard from him since before GRPN reported....of course that post he called me a dirty name in a roundabout spelling. Possibly Mom's basement is very comfortable now in these troubled times.