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.
They have been doing this since under $20. I guess their butts must be sore. QCOR has put out solid earnings and Citron cannot dispute that. I think we may see #$%$ $56.25 close today.
There lies the problem whether the jobs numbers are higher I think most agree they are not the types of jobs that can help buy one buy a home, start a family, carry quality healthcare nor avoid having to find a second or third job or sources of income. The talking heads on TV get excited about a slight tick up on hours worked sure people are being forced to work longer hours to avoid additional hiring. I think most of us will agree that there has been little to no wage growth for decades for most American workers unless of course you are a corporate executive. The unemployment rate keeps dropping mainly because people are dropping out of the search. The Fed's jobs rate target is getting close now what will they do lower it again if it gets near? The Feds not doing anything anytime soon because I don't think they know how. This country cannot even agree whether to raise the minimum wage that's pretty sad.
The Tiffany bounce is gone this will probably go right back to that $54 or below level from where it came from. I guess Coach's earnings reports matter again.
I keep saying how things are sometimes rigged insiders obtain leaked info and trade off upgrades or down grades about to come out. I've been buying INTC under $24 the last week or so. The stock had not been able to get out of it's own way for a couple of weeks now and suddenly the stock breaks out yesterday in a down market. I sold not far from the highs yesterday for a profit which was good and then suddenly Citi comes out with a buy on it today. These firms are buying the shares in advance along with their pals who are in the loop. It must be great to be an analyst then tip off your friends and family about a call you are about to release and have them trading in advance. We saw this a lot with BBY as it advanced this year there were a lot of strong closes then suddenly the next day an upgrade. It's just like Charlie Sheen in Wall Street times 10 today.
Buzz Lightyear? You don't have to tell me I live in NY but I have been a Bull fan for over 40 years and could not care less about the Knicks and Nets. However those were great playoffs with Riley's Knicks and Phil's Bulls back in the 90's those were classic wars. That was basketball!
Lately there is no rhyme or reason to BBY's daily trade. This could close at $43 or $40 tomorrow of course the jobs number will dictate the direction of a lot of stocks tomorrow. Currently in this market bad news is good and good news is bad still. The market is still addicted to the Fed's candy cane.