Then someone will adjust their forty something target. This was being held up late Friday and the machines took over earlier today. Maybe you will be right and traders were just having fun today. I got shorts earlier at $41.60-.65-.85 and covered too soon at $41.37 but money was still made thank you and it is the holidays so I'll take it.
It's fading now in a flat market. The last time you told people on this board to close the eyes and buy the stock was near $44. Margins will be hit for many retailers and consumers now go away until bigger discounts show up BBY told you that on the CC that they were sacrificing margins for sales. The weekend retail number was down 2.9% on discounting first time for quite awhile. At some point in December fund managers will start cashing in especially as DC and the debt ceiling is now approaching in weeks. The prior DC dance took about 6-7% off the markets.
Possibly. Will this retrace back towards $54 soon? That $4+ TIF move was a gift let's see if profit-taking continues. I'll be watching for that $54 area or lower soon to get long.
That's what it looks like. The HFT's came back late Friday and showed up big time today. The funny thing is the retail numbers this morning were disappointing with a lot of discounting. Margins will be hit for many retailers during the season. The consumer will now stay away and wait for larger discounts like they have been doing in recent years. Maybe this is the final push higher who knows.
They track retail and service provided. He just listed retailers who answered their phones promptly and others who did not. He said Best Buy was really slow to pick up the phone along with other big box retailers when they called. Joly had better get on this.
CNBC is reporting this morning that the NRF said heavy discounting took a toll on the sales. They reported sales down 3.9% year over year which they said almost never happens. The National Retail Federation's numbers are usually more bullish than other data collection groups. I guess we will find out a more accurate average closer to the real numbers soon enough.
What new opinions are you telling us that the we have not read from every upgrade (about 15 of them) prior to the last earnings report? I'm still wondering where all those analysts where after the stock went down more than $5 after the report. Some of the momentum and growth guys have seem to have left the daily trade for now after the recent CC was a carbon copy of the prior one. When a stock is up near 275% in eleven months it cannot just be about cost cutting and cash flow especially in declining margins environment. The Friday close showed some signs of life late after it went up then down a few times earlier but it seemed to stay strong into the close after CNBC showed a story late from a Best Buy store where the store manager was quoted this is the best Black Friday he has seen in years. Well dah how have their past few been with AMZN killing them?
All possible scenarios you lay out but in between any stock's earnings releases the only thing that seems to matter is what all these "talking out of both sides of their mouths" Fed heads say from day to day. The money printing appears like it will never end any time soon....unless the GOP wins the mid terms and that's becoming more of a possibility almost overnight after the Obama's website nightmare then the new helicopter pilot may not get treated with kid gloves like she was during the confirmation hearings a few weeks ago.
But check out SFL's very good yield, reasonable P/E's and a tight 52 week range only missing institutional ownership. Imagine if there was ever a real world recovery and not a Fed disguised one how some of these tankers would do.
Never mind MU did anybody hear what they said about the Bitcoin? Up from $200 to $1,200 in a month. Long live the Fed!
You may see $20.50 Monday. The Einhorn hoopla is possibly fading. There was a lot of momentum guys in the past few days since that interview they may be taking profit. Markets fade early December I still believe.