Very good numbers can it carry the stock to that $8 area eventually? That's the question probably need another strong quarter to get there. Suddenly Cramer will be chirping while there was deafening silence for months.
On the make believe notion that they will shares will start trading on the Nazdaq again. They were about 10 years too early and tried to survive with Bush in office.
It's all about cost savings I guess but both businesses stink and could you imagine what would happen to both shares if this is just a rumor and nothing happens at all. How much more can be factored in for stocks that were at $5+ and near $13 when all this started. You have to be so cautious buying up at these levels on both. Intra-day WS is just playing with SPLS all day.....up then down up again then down now up again which tells me it may be topping without any news.
They are sometimes necessary when stocks get ahead of themselves or oversold but 7 out of 10 analysts today are basically useless puppets for their bosses and their firm's book.
That I can see but it has already faded...Dan Hesse is buying his kids gold filled I-phones this Christmas with the $49 million parachute while leaving this company in shambles.
I would guess the notion that healthier companies may start picking off some of the stressed companies. The regular session will dictate if this is for real. Oil and Russia are wrecking the futures right now it's a long day I guess.
Which is just plain stupid those stocks have been destroyed especially the leveraged ones but very soon there will be a disconnect and the market will wake up and say this is good for 3/4 of the rest of companies daily operations....Aren't the HFT's and algorithms wonderful? Mindboggling!
I would guess it's a combination of the investments also. IEP is down $17 off the recent high around Thanksgiving throw in HTZ down $5 when he announced an additional buy, AAPL down $10+ off the recent highs and so on
Our hearts go out to those who are affected by this tragedy. As far as markets go they have little chance it appears with oil still falling and the fear-mongers now on the air waves all day long predicting the end of our society. Peter King is doing his part right now on CNBC. I'm still going out my front door how about you?
Will you be stopping by the old McAfee compound in Belize? By the way what are you talking about?
True they have been good numbers and you wonder if they are topping with the rest of the world struggling especially Europe and China and now the markets are fearing the Fed in 2015 which is silly if they did raise it will be a small amount. Fed meeting this week if the statement says they are still on hold for a substantial time (which the market is not expecting) you may see a pretty good rally but you also need oil to stop going down.
If the VIX falls it usually leads to higher stock prices. The VIX was up over 70% I believe this week alone leading to a total of -677.96 Dow points and -127.16 Nazdaq points. I think he was trying to say that the VIX was falling in the afterhours but it is way too soon to tell right now.
Dennis Gartman made a good point tonight that the fowardation of oil is still pricing in lower oil. This is now about algorithms tied with the oil price leading the markets. That chartist Cramer spoke of believes their may be a base at $50-$52 but it needs to hold there and then it needs to rally a minimum of $6.13 off that bottom and hopefully continue higher. This is all tied to the Fibinacci.
Right now it's all about oil and the market will not go up until oil stabilizes. Cramer actually had a great piece on oil tonight from a chartist who nailed it a week ago where oil was going. Oil is dragging everything down including the airlines today which gave up gains mid day partially because they where at all time highs and also that the market closed on the lows. I am actually scared right now about the markets which may be a good thing. One small positive was I sold the MU at $34.79 just after 2pm it appeared they were selling into any small rallies but I did not expect the close. Watch the oil futures Sunday night into Monday that's where the markets are probably going. One good thing is that Putin's and Iran's economies are getting killed but I doubt they care.
Yahoo would have censored me if I wrote that. What Marcelo has done is wrecked the entire sector by creating these crazy plans that will help them all lose real revenue growth. The old CEO was a bigger one who parachuted out with $49 million after leaving the company in shambles....overspending, lack of a realistic plan, allowing the deal to fall through without even challenging the regulators while hyping it to investors, the constant BS on Mad Money which never came about and so on. This company became an overhyped event while burning through cash. I'm still long for a little while now but I would guess I will be selling for a loss against my gains by year's end. I am amazed the Masa Son has been silent so far.