Have no fear within a week or so someone will start a takeout rumor again that's how WS works especially after a lot of big investors are getting hit today. I see about a close in the $3.90's.
Jimi Hendrix reference take a chill pill. If people here are thin skinned they should not post vulgar comments because one has a point of view. Turns out I was right about GRPN but yet the target of some dirty posts. Go find Joe's posts and direct your frustrations at him since he likes to dish it out. As you can see today he is invisible.
He said that XOM and CVX's share prices where pricing in $75 oil. That's my point that so many of these stocks are so ahead of themselves. If you look at so many of the 52 week highs and their current share prices many are not that far away yet we have oil at $46 nowhere near $75-$85 most likely when their shares were near the highs.
Did you read about the loses tripling from overspending and in line guidance going forward? From a stock that ran from $2.15 to over $5. Did you listen to the CC? Weakness abroad outside the US....where's the growth? This service is now a dime a dozen with competition. Shares will recover some later I believe this is about where they were before BABA and others invested in it. Have no fear WS will start another takeover rumor since many big boys are taking a big hit today.
Futures and markets can drop 100-200 Dow points and as long as oil is up these stocks go up. The trade is getting old. Yesterday's Icahn driven sell off of markets actually showed the crowded trades these are they were selling these stocks despite oil up near 2% during the selloff. It's just a matter of time before oil and these trades consolidate I'm hoping for oil back under $40 and CLR near that $31-$32 level again then I get in again.
Months ago WLL was $3-$4 with tons of debt still have the debt facing bankruptcy now it's over $12. They are chasing all of these stocks without any concern about earnings and just assuming that earnings will automatically get better down the line. It's a weak dollar oil higher chase at some point the dollar will rebound and this will end. I cannot imagine foreign central bankers will put up with Yellen for much longer. All of these stocks are so ahead of themselves CLR was $31-$32 about 11 days ago look at it now. Take a look at XOM and CVX's numbers today XOM did well but not from oil CVX stunk so at some point earnings will matter. These trades possibly are about hitting shorts and are becoming crowded trades. Inventory numbers were bearish oil initially pulled back but the weak dollar has pushed it up each day since and it's Friday and oil goes up each Friday now no matter what.
Hey reality sucks don't it. There was so much tough talk on this board for weeks now about $6 and higher after earnings. It is what it is pal and it looks like I may be able to get in soon under $4. Today was the crack in the market leading to a possible sell in May correction. This market has gone straight up for 2 1/2 months on earnings like this. The weak dollar is only going to get markets so high at some point, and we saw a ton of it today, investors, traders and managers will protect their gains and start taking them. The markets are facing a ton of uncertainty nearby....possible Brexit, Greece negotiations are not working out, seasonably weak time of year, the Fed said they saw slowing in the economy and presidential candidates that markets do not like so they are betting on Hillary as their best bet. 5 minutes to go Bid $4.07 Ask $4.10. Maybe we get a relief rally tomorrow who knows?
Earnings were not what most were expecting. My guess we see $4 possibly a $3 handle tomorrow at some point. Analysts will not be jumping through hoops to up numbers.
Did you see Airbus's earnings? I doubt they will be ordering anything soon.
Have you seen what the airline stocks have done lately? My guess is they start conserving cash. Today may have been the beginning of sell in May there was a ton of profit taking today even in energy with oil up 2%. Did you see today's GDP number? The world growth is anemic. The Fed said they saw slowing in the US yesterday. This market has been levitating on air and a weak dollar not earnings. After AA's earnings the shares have reversed and are up over $2 a nice chunk on Cramer's pump need I say anymore. Keep buying near a market top. Like I said here yesterday I've been cashing out stuff to raise cash. Maybe Musk will order from AA for Spacex.
Investors were expecting more than what GRPN delivered after much hype and a big move the past few months. One question ...Do you think the earnings were off the charts to move shares much higher?
slowly exiting....his tipped off hedge fund brothers will be watching their gains very closely the next few days and Monday starts May trading. A ton of profit taking today in the markets even in energy stocks despite oil up about 2% which bucks the trend lately. Happy trading and follow Cramer and buy buy buy....near a market top.
Nothing special on the CC my guess is we grind back toward $4 soon possibly that $3.80-.90 area it was in for awhile unless a buyout. I'll be watching for some entry point soon. Here is the last news story on my screen..."Company's Q1 revenue falls and loss widens as gross billings decline 5%"....That may be the reason why shares are declining in the AH.