Today's Candlestick on the daily chart. Also a fake breakout to new 7 month high failed. topped out near 50 day upper Bollinger band. I think this comes back quickly to the 200 day moving average and 50 day moving average which are close to each other. That will provide support at $30.16 to $30.42. Never trust analysts and CNBC pumpers.
In to ride the Alibaba IPO hype. I think this will be the jumping the shark moment for the stock market. I wouldn't not buy Alibaba on day one. I think it will selloff hard and take JMEI and JD with it. But the ride up to it should be good!
When I buy tech stuff, unless I need it today, I goto tigerdirect and newegg. Online shopping there is easy and you have a ginormous selection to choose from. Not at online BestBuy and definitely not in the stores. As one other person pointed out, never buy cables there.
That's from expense cuts and not organic growth from sales. Sales have been declining for quite sometime, at some point you run out of expense cuts and have to close stores and fire people.
Pumpers at CNBC, a couple videos online, Pumpers at RBC Capital raised a price target and kept outperform rating. Also look at Macy's after earnings. I don't think BBY will do what Macy's did.
Do you know that they consistently lose money and have a finite amount of cash? Do you value a company's value based on stock price alone? Let me suggest a free site called finviz that provides free important fundamental data on all public companies. It's free. I use it.
Actually it is. Based on their cash burn rate they will be out of cash in 4 quarters or less. They will need to either take on a lot of debt, dilute shareholders, or go out of business. When you buy a stock, don't you check their profit margins, sales growth or decline, debt levels, or did you just buy a lottery ticket? Take responsibility.
Guidance on Aug 19th was a lie. All gains on that lie must be given back at a minimum. They are losing so much money, I don't see how they can make it 4 more quarters.
It collapsed perfectly off of that. I have to laugh my #$%$ off at whoever kept accumulating shares all afternoon at $48.08 to $48.21, mostly at $48.20. Hahahahahahah.
I read the note. The stock split is reflected in the number of shares and nothing to worry about. The 500,000,000 shares are authorized to be issued, but not issued but could be issued in the future.
Analyst targets at $32 are a problem. Watch the P/S ratio too. Also JD isn't making money quite yet. It's a low margin business. Also the U.S. Stock market is correcting so far.