I'll bet he will rethink selling his own firm's shares next time. The man has so much profit on holdings and he choses IEP to sell. Down $35 in two days....I guess he is not so smart after all.
Michael Darda's firm. He's a bit of a arrogant analysts who started his own firm a few years ago. When the market was starting to break down in 2008 he suggested things were getting better and that the Fed should start raising rates. I still remember seeing him on a an interview claiming that the economy was getting better when it was actually starting to get much worse. We all make mistakes sometimes.
Notice the same trend for BBY each day out of the gate lately? Why buy at the open wait to see if it drops near a buck by the afternoon. Before the last earnings report it may have not acted like this but sellers do come in now on most early rallies.
Odds are it was either Schulze or Joly. I'll bet Schulze is the one either way somebody was cashing some out.
He has been talking about the Jan options almost every day which we all have been reading about lately. The FM Halftime statement made MU take off today but it looks like it may have succumb to some profit-taking for now. Consolidation is natural let' see if it can pick up steam before the close.
There are ice storms and blizzards in large parts of the country except near every Best Buy location. That should help their margins along with the discounting this holiday season.
Despite the big up day profit-takers were hidden in the market. I had many stocks on my screen today that were near their 52 week highs and after the initial burst out at the open none could recapture their daily highs. They were sold into all day long including BBY. This may be an indication that funds are starting to cash in on the big gainers. I guess we will see over the next week or so.
Citron again. Must be hitting the stops for now. I wonder how their shorts have been doing since under $20? One thing we know is they short mid day then cover near the close.
Agreed. Citron is at it again I believe on Twitter. They have been doing this since under $20 yet QCOR keeps beating. I'm hoping for a pop to $55.50 or better.