Possibly. Will this retrace back towards $54 soon? That $4+ TIF move was a gift let's see if profit-taking continues. I'll be watching for that $54 area or lower soon to get long.
That's what it looks like. The HFT's came back late Friday and showed up big time today. The funny thing is the retail numbers this morning were disappointing with a lot of discounting. Margins will be hit for many retailers during the season. The consumer will now stay away and wait for larger discounts like they have been doing in recent years. Maybe this is the final push higher who knows.
They track retail and service provided. He just listed retailers who answered their phones promptly and others who did not. He said Best Buy was really slow to pick up the phone along with other big box retailers when they called. Joly had better get on this.
CNBC is reporting this morning that the NRF said heavy discounting took a toll on the sales. They reported sales down 3.9% year over year which they said almost never happens. The National Retail Federation's numbers are usually more bullish than other data collection groups. I guess we will find out a more accurate average closer to the real numbers soon enough.
What new opinions are you telling us that the we have not read from every upgrade (about 15 of them) prior to the last earnings report? I'm still wondering where all those analysts where after the stock went down more than $5 after the report. Some of the momentum and growth guys have seem to have left the daily trade for now after the recent CC was a carbon copy of the prior one. When a stock is up near 275% in eleven months it cannot just be about cost cutting and cash flow especially in declining margins environment. The Friday close showed some signs of life late after it went up then down a few times earlier but it seemed to stay strong into the close after CNBC showed a story late from a Best Buy store where the store manager was quoted this is the best Black Friday he has seen in years. Well dah how have their past few been with AMZN killing them?
All possible scenarios you lay out but in between any stock's earnings releases the only thing that seems to matter is what all these "talking out of both sides of their mouths" Fed heads say from day to day. The money printing appears like it will never end any time soon....unless the GOP wins the mid terms and that's becoming more of a possibility almost overnight after the Obama's website nightmare then the new helicopter pilot may not get treated with kid gloves like she was during the confirmation hearings a few weeks ago.
But check out SFL's very good yield, reasonable P/E's and a tight 52 week range only missing institutional ownership. Imagine if there was ever a real world recovery and not a Fed disguised one how some of these tankers would do.
Never mind MU did anybody hear what they said about the Bitcoin? Up from $200 to $1,200 in a month. Long live the Fed!
You may see $20.50 Monday. The Einhorn hoopla is possibly fading. There was a lot of momentum guys in the past few days since that interview they may be taking profit. Markets fade early December I still believe.
there are always momentum guys coat tailing such an interview with high profile investors like we saw days ago. The close will tell us more today despite these thinner volumes.
I consumed yesterday but my favorite the last few days is COH. They have put out a series of weak reports in a row one a few weeks ago. The stock dropped to just under $48 then now TIF put out a very good report the other day and the shares have appreciated nicely since but COH has coat tailed it for almost a $4 gain the past few days since. You have to love this market where earnings really do not matter that much as long as the helicopter keeps flying. God help the seniors and savers! Meanwhile back at the ranch MU unchanged and the Nazdaq up 24.
The bullishness in the markets and on this boards reached silly levels lately. MU may go higher over time if earnings show up but believe it or not fund managers and investors do take profits on occasion. Up here is still a lot to do with Einhorn and those type of rallies do fade sometimes too. The past few days I'm reading $40, $50 AND $60 targets here by mid 2014. What I enjoy most is watching the videos on CNBC from prior years of people trampling each other as fuel for the markets around Black Friday. Then days later we see people stopped shopping and suddenly the weather in regions get worse. Markets have been up three months in a row, eight weeks in a row and almost everyday recently possibly pension fund money comes in around the 1st but then I start selling my winners and losers because this will end soon. There is a major correction looming and like I have been saying I believe right after Thanksgiving it may start. HH & Good Luck!
Where have you been for the past 14 years. The game is beyond rigged from the HFT guys some of the in the next room at the NYSE, to the hedge funds, to the brokers trading and controlling shares, the never ending parade of analysts upgrading everything and the paid pumpers on the airwaves all day long. I thought the unfunded Bush SEC was bad this one may be worse. This is the wild west every man and woman for themselves. Of course you can just follow Cramer. Don't feel bad I'm stuck in around $9 just a small amount earlier this week for a trade. If it does not come back I'll write it off I need it at year end anyway. I took a shot on the big drop from $16 with such a small float I thought it maybe it would bounce to $12-$13 it still may. This was one classic short squeeze pump and dump that's for sure. Have a nice Thanksgiving I'm going back to football and the Honeymooners.