and there is no guarantee that payroll numbers tomorrow morning will be a big miss, Anything over 210,000 and Dust rockets higher so buckle up boys and girls.
and with a big move up tomorrow - Shorts will run for cover as Alibaba starts to fire on all cylinders.
Rather enter here and take my chances then kick myself a month or two from now for not buying when the stock was $65 versus $80 plus a share. Downside seem pennies at today's level but upside is HUGE, especially if Alibaba keeps doing major partnerships around the world. Remember Alibaba hopes to one day do more business outside of Chine then inside. And the way Jack Ma is doing mega deals I think that day could come quicker then anyone thought.
Seems some investors here can't see the forest for the trees, since Alibaba is a "Pure Risk" play that has far more downside then upside. Stock is now in a long term trend DOWN while upside from here is pennies but downside is HUGE. You Have Been WARNED
and it has another 50% to fall, We're just in the third inning of the China meltdown so hold your Baba shares and watch them fall into $40 range as investors realize China is a casino game that more likely then not is rigged in the Govt. favor. Which is not is the investors favor.
Setting up exactly like last week but remember last week we hit a high around $2.46. Today we can barely hold $2 so that tells me the downside come Friday could be around $1.40 to $1.50. Russia playing with oil investors like Putin plays with his 19 year old girlfriends. Quick and fast and out the back door before she knew what hit her.
Say goodbye to the $30's and hello mid-$20's by end of the week. Those going long oil will surly be a little lighter in the pocket book come market open tomorrow. But just wait for refinery maintenance to kick in and that's when you see Oil really dive as your long oil bet goes up in SMOKE.
You mean push oil under $25 a barrel since the Iranians don't give a "rat's behind" about bogus production cuts.
grm2224 get a life and while your doing that "get a brain"
Nugt tracks NYSE Arca Gold Miners Index. So it plays the Gold Miners - bone head. And come Monday Gold flies higher knowing the Fed will only raise rates (1) time this year. Easy money coming back as the U.S, economy slips and the dollar get weaker.
Can't wait for next inventory build numbers since Iran is going to push oil way over storage/inventory levels. Talk about SURPLUS
Talk about a blood bath sell off.
Revenue: $75.9 billion versus $76.6 billion expected.
EPS: Apple beats with $3.28 EPS versus $3.23 expected.
iPhones Sold:74.8 million versus 75 million expected. That number is above last year’s all-time high of 74.5 million.
Mac Shipments: 5.3 million delivered versus expectations of 5.8 million.
iPad Sales: 16.1 million deivered vs estimates of 17.9 million.
Next Quarter Forecasts: Apple’s forecast for the current quarter is $50-53 billion in sales versus estimates of $55.5 billion. That number has been taken down recently due to supply chain companies cutting production.
and a good majority of that will be reported into today report. Only Apple could spend 5 billion on a new corporate headquarters with rest rooms for men, women and gays. Its the Apple Way,
as Cook says "be patient since we have blockbuster new products coming in 3, 4 years" What a Joke Apple CEO is since all he does is pump but shows no new products year, after year, after year.
Actually Terry - I overheard it coming from your bedroom last night. Its seems you were talking in your sleep again and mumbling something about losing thousands of dollars going long oil. See Terry - sometimes nightmares do come true!
I'll go with Oil dropping to $23 first, since Uwti has to give notice of a reverse split well in advance of it happening. So look for oil to be around $23 a barrel by end of next week and Uwti reverse split happening in early February. Sure looks ugly for oil going forward - don't it boys.