Fed is taking care of Wall Street as a baby.
This is not good.
The market has to take care of itself sooner or later.
Any stimulation won't last forever.
There is no more good news to stimulate the market.
Can there be more QEs? Can the interest rate be lower than zero?
So the only direction is down.
IMO
Be patient and cool.
Waiting for the major correction.
The institutions has been selling a lot since last quarter, they knew the move of Feb months ago.
Interest rate might rise earlier than the market is expecting.
Don't be caught at the very top.
This might be a major top and a decent correction might be coming.
First target might be 14000.
IMO
Release more money to the market? Not likely. They have done enough.
This might be the last chance to get out before the market top is confirmed.
Google on the other hand, might holds well.
IMO
They have to stop sooner or later and they have gone way too far.
Which might target 14000 in a few months.
Google is a good stock though.
All these private investor money put into the company at $1.60 was the reason how this stock has been tripled and formed a triple heads shape here.
These money are only saving the company from death temporarily but it can't save it forever.
I bet these private investor had already bought tons of shares at $0.40 - $0.50 level and now it's time for them to sell off and take their profits.
Did Feb just put more money in the market? LOL
Maybe you are right.
But we might have some news about interest rate rising by the end of this year.
I predicted that DOW will go down to 5000 - 6000 level when it was trading above 14000 in 2009.
Hope I am right again this time.
This time, it should be 11500 if it holds there.
Maybe interest rate rising would be the trigger.
I am thinking maybe some of the institutions already known that the interest rate will rise and they had been
selling for months.
DOW is supported by 50 days average but under 30 days average.
It will break down next week.
As to Google, I like it and hope it holds.
I am sure Google will go to 900 but it might go down first.
The correction just started, this is just the rebound.
Institutions had been selling since last quarter.
Soon you will see who is the clown.
Sentiment: Strong Sell
Do you think the private investors who spent $1.60 knows the company better than its management?
They had been selling their own shares at $0.45 last year and they didn't buy back a single share since then which means nothing has been changed since last year when they sold at $0.45, the only thing different is that the company has less and less money and more and more shares.
I have said enough.
Sentiment: Strong Sell
Stop dreaming.
This company has no future and it has a really bad management.
The company is willing to offer as many shares as they could at any price.
Just to get $8M, they have just increased their outstanding share for 20%.
They spent $100M in the past few years, imaging how much more money they would need in the future to compete with $10B companies like TSLA.
Sentiment: Strong Sell
Good luck to all.
The game is over.
Sentiment: Strong Sell
Triple head has formed. Run as fast as you can!!!
I know a lot of people bought this around $0.50 - $1.0, the game is over!
More stock offering might be coming in the future due to the severe competition.
There is no institutions buying this stock so it will fall like a rock.
Sentiment: Strong Sell