Bernstein too they knew after the ex date the stock would have sellers. I bet they are short from the highs. Watch both T and VZ come back late in they day like they have done lately. Investors still want yield and will buy these dips when they happen.
I hope this stock is back to $14 in a few days just to bury Tilson for being a pig with this trade and throwing out the C word to scare people. Markets love to go after these guys once they expose where their trade is at and he was foolish saying around $12.
It's all about the Fed and oil possibly that changes in May. We have had earnings reports day after day of big names that are missing lowered estimates. Markets will not go down they are waiting to hear Yellen say status quo but tonight I have a feeling she may hint at a hike in June if so sell in May will arrive. Oil inventories today finally slowed down the straight up oil trade for now.
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?
Possibly the two downgrades and the ex date passing has something to do with it. I can't imagine Wall Street investors would punish a corporation because some of their workers are on strike could you? My TV and phone still work I would like to thank the managers dressed as employees for keeping my services on that I pay a ridiculous amount for. AT&T is down today also in a big up market is that because of the Verizon workers on strike? Finally shareholders have made a fortune from their generous dividend and buybacks.
He said he's short near $12 so when the stock was at $14 today you create this spectacle and get air time. Obviously he was getting nervous about the stock recovering so you start calling up the networks to get the air time. I hope they whack him the next few days since most of this is old news.
Smart trading I would not be shocked with one or more doses of bad news these shares could act like VRX too. I'm not praising Lefty but on CNBC he did say MNK is actually worse than VRX with it's fundamentals. I may not like Lefty but the market absolutely pays attention to his research.
who has trouble with this site working? Ads don't load you click on things it takes you to different pages sometimes or like today I'm trying to click on news stories and they are not showing up. Maybe it's just my computer.
Wait until the dust settles usually about 3 days possible average down with small buys at different levels. Be patient we may be beginning the Sell in May but you never know if a buyout comes in time since the stock is cheaper now. If Alibaba had any intentions of buying GRPN you can bet they are paying attention now.
It will take a bit of time to work down the oil and gas inventories and oil is still in the $30's when most of these companies need it much higher. I think today is the blow off top for energy stocks for awhile until oil moves a lot higher.
All these broken stocks too day after day I have not seen anything like this in years. If oil pull back soon there will be a lot of trapped longs up here that's the other side of this move. Traders are selling better stocks to buy this stuff. Finally this has the whiff of a near term top in this move.