lone548star: I'm going to say this now and say it only once: Do not interpret any MLM chart at this juncture based on some esoteric theories. Those will not pan out in the real-world now, especially when the fundamental premise of MLMs' business model itself is under investigation here, with the first shot sent at HLF today! A lot of big-boys are behind this cleansing process now it seems and big-bucks may be backing-up those clean-up activities. We do not know for sure. But because of the solid-backing, those clean-up efforts will not back-down until all such MLM stocks are brought to their 3 and 5 year lows next IMHO. So talking about double and triple bottom at this point is like: focusing on those bottoms only, while forgetting the gap seen between any two bottoms, where this thing can cut the cheese at any time i.e. pass the air out and just like bottoms made out of balloons, those can easily tumble, when all the air is out! Today, we have just seen the needle approaching the balloon! Stay away and safe my friend! This has a long way to fall!
cubanpp: you are one dude who seems like destined to keep buying the sliding pps all the way to 20 now! Think logically bro... why? Why get into things that are running on air? There are far better other companies out there to long for! Not this one or any other MLMs, who might be selling to people who are encouraged to sell products to others, but might land-up becoming involuntary-consumers, because of lack of demand outside the closed n/w! Unless you are from their IR department, your post makes absolutely no sense at this juncture!
circuit-breakers simply assist to expand a one day event of 70-80% sell-off into a daily Chinese tort're kinda drip-down sell-off, where pps keeps on sliding for days and weeks to no end! And when it reaches 2010 low of 20+ it stabilizes for a while.
Today's looks like the first nail in the coffin of the MLM industry... no motivation left to be long here or in any other MLMs out there... not worth the risk ... just like Icahn's side ruled for 14 months here, now I think Ackman's side will rule here for the next 14 months ... and they may bring down the MLMs' PEs into low single-digits, before they are done it seems. (No meaning for PE as such, when the E can evaporate just like that, isn't it? ). That's how big boys play their games! 14 months' cycles... then rinse and repeat!
As suspected, it was announced today that MarcA indeed sold a bunch of FB. This month and next, the newspapers will be full of stories like this, that a bunch of FB insiders sold a lot of their holdings. Future is uncertain at best .. can't blame them booking handsome windfall here. Those souls must have done something right in their previous lives to deserve this unlimited bounty in this life (irrespective of the malfunctioning irrational exuberance of the new generation once again, chasing such mo-mos)... cause as per my observations: simply working hard only gives you bare survival monies. Simply working smart-- gives you a PhD and lifetime of agonies of the hyperactive, smart mind that gets flustered watching almost-punk-like personalities become billionaires, on others' hard work and inventions. Wasted talent is the norm on this planet and random success for a few is a high-probability event! It will be very hard for the Fed to unwind the 3T stimulus, without causing massive disruptions in the lives of these irrationally exhuberant hot-money chasers. Last 5 weeks have given the glimpse of coming attractions this year.
My fear was right. Never let the pumpers here mislead you. I'm glad I got off that evening.
Heard on the trading room that some big boys who got into the stock in 2009 around 20, worth billions, are systematically easing out of their positions. This has been going on for a few weeks now it seems, but I just came to know about it. Only recently the apparent downdraft in the pps started revealing their wake. Can you imagine a 1B dollars worth of position originally, which has become worth 4B now.. and managing its dump slowly? I'm feeling like there is no point in holding this anymore, when those big players don't see much upside. I'm selling tomorrow regardless... such fish are dime a dozen in the market, but I'm not going to let them make me loose my hard earned principal now. Red, red everywhere man... don't know what to think. I refused to be duped by those talking lips again on the tubes.
looks like that was a tongue-in-cheek sell signal instead... never listen to pumpers without any basis. Learning the hard way now. Some pumpers upgrade it freely for us masses, while simultaneously telling their private clients to dump silently. Do you think that might be going on here as well? ... don't know what to think man ... market crashing this morning.
that's it ... what ever I get, I would sell this out now. Should have never listened to some pumpers here. I think when it slides down to 70 level or so next month, all those anal yeasts would downgrade it, make it even cheaper and then I may dip the toe in the water and get some back around 65-70 level, looking at other things in the sector then. No point hanging around here now I feel. Should have paid attention to the lousy action in the past few days.
I shudder to think where VMW will go tomorrow in the Nasdaq's expected bloodbath... any guesses?
man, this is sliding down again ... is there something going on? Why did it sell-off so fast to mid-80s right after the earnings? Are all the shorts gone now, having covered from mid-80s to 91 now? Who are left to buy? Where will the new support come from? market mood looks sour .... questions, questions.
I guess at 9:30am tomorrow morning, Mark and Cheryl and all insiders would take away billions from the market by dumping their free shares again, and the dollars go to their pockets and the common poor population would be stuck with FB paper, whose future value is certainly uncertain. Any one who thinks that he can make money after the news and after the 9:30am first bid in this hyper balloon is sourly mistaken. It will be flat at best for another 3 months... most likely will drift down with the market and in the expected 20% correction sometime this year, would hit 50 again. Market's mood is no longer bullish like last year ... be very careful holding a hot potato for more than a microsecond. Its amazing that they take more than a week to formally publish insider sales. This helps facilitate wealth transfer from the poor masses to the few rich. Amen!
(Lets look for a better planet to be born again in next life... this planet will not mend its ways. Its no use! Its hyper manipulation! I'm saddened beyond belief when I see the 3.5 billion poor people not having enough food to eat!).
SQNM is the big fly in the ILMN's TAM ointment here ... 2-4B+ TAM can be snatched away by SQNM's planned roadmap. ILMN has peaked for the remainder of this decade. SQNM can quadruple from the present levels easily. While for ILMN now, in Jan, insiders started dumping like crazy (or like there is no tomorrow)...check it out. Why to hold after such a parabolic move and increase the exposure? Go where the risk is completely rinsed out by now and that is SQNM, if you like GS. Friday's more than 5 bucks' red-dump in ILMN was just a start!