Traders are just squeezing shorts as much as they can right now momentum is on the long side for now however when these pros are done they will leave with their profits I believe this is an expensive stock and that will ultimately be the reason for that profit taking.
It's there they raised their target from $13 to $14 with a sell. It's there in my news for ANF earlier this morning. That's why I questioned the target now I can understand them being bearish with the stock up about $7 after one report and a very high P/E but GS also has a $20 target for oil.
I guess we will see today....I still think this was a short squeeze for about a week or so. I think you see shares in the low teens soon enough right where they broke out from a few days ago.
Probably but I'll bet they still run it tomorrow just based on the float. I doubt we will see as many rallies off of pullbacks like today but tomorrow will be interesting since these guys kind of painted a cautious picture of what is going on here.
It is impressive but if this closes near today's high then I think you may see selling tomorrow. This market almost always does the opposite of what the majority expect. I never saw the $40's coming along with a lot here I bet. It's anybody's guess where this stock is in a few weeks but this move is 99% about the available shares and not about any fundamentals especially since they were about to wind down their business only days ago. It's obvious traders are trading this and that's about it. I doubt this is about a long term investment for many.
I don't know about his numbers but something is strangely holding this up today and there were 5 calls today that were less than overwhelming one overweight, two neutrals, one market perform and one sector perform and the price targets were all near where it is trading. To me this is still about short covering for now and if there is a market pullback I think you see these "traders" exit with their profits and forget about squeezing shorts. I covered a short a $24.30 on that late drop Friday for some gains but I will wait and watch to see which way to go on ANF. I do agree that his stock is being played with for now but that usually doesn't last forever and the stock will break in some direction soon I believe. CMG is interesting the stock was $5-teens this morning I am watching for more E-Coli news for another possible hit I missed today's despite having it on my screen since Friday.
And the last guy was the one who created the numbers mess. I think some of the recent weakness may be linked to the global terror threat having an affect on their business.
The problem with Cramer is that you only hear about the winners and he has amnesia about the losers. Like the other poster said when you talk to millions of people each day you should never push any investment on any potential investor that's what financial advisors get paid to do . Do you see or hear any other person on his network doing the same? Cramer is worth over $100 million when any viewer losses money it's no skin off his back. One of his most recent clunkers is AMBA and his almost daily pumping in the $100-$120 range. Yes he gets many right but so do we but there is a huge list of losers that have cost viewers a fortune and when one actually calls to ask him about why the stock is down he shrugs his shoulders and says "I have to eat crow on that one". I bet that makes the person feel much better. Investing is a risk who needs a guy connected at the hip to Wall Street and hedge fund managers pumping stocks.
Actually he pushed FIT over GPRO and explained why. The long worked for one day and for me this is usually a tip off for his hedge fund bothers to let a stock run a bit then they slam it. I've seen this so many times before with him. This stock has been in a horrible down trend while the market has rallied big since August. Cramer should know better he is always praising AAPL well what do they sell also? I am so glad I stopped trading FIT sold my last on 11-3 at $38.03 for a small gain sometimes you get lucky I guess.