I think we hit it soon enough anyway. If we get over the previous SPY high tomorrow, the bots are going to get us to the next retracement level. Everyone and their mother is looking at the 1228 ish level, right?
Seems like they are in a hurry to sell the shares as promised to their buddies. GS had BAC $20, JPM$50 still pending. Other than that AAPL price had a target $262. JPM had RUT to be 690 target price, the rest is short squeeze. Seems like top is imminent to me
If that's who's holding Goldman down, then it could take weeks to unload all their shares (doing it a little at a time, so it doesn't tank on them).
That also means that they would like to see the overall market stay up, while they unload Goldman. If one of those clowns tries to unload too much on any given day, a technical sell level could be hit on Goldman and cause the bot's to kick in.
It's going to be very touchy for the next few days, and weeks. One mistake by a hedge fund could cause the sell off we've been looking for.
Can't say I do? What happened?
How many of you remember the dry bulk stocks during 2006-2007?
I think we hit it soon enough anyway. If we get over the previous SPY high tomorrow, the bots are going to get us to the next retracement level. Everyone and their mother is looking at the 1228 ish level, right?
They're always super-conservative with guidance. That way everyone can pump their stock after earnings.
I don't touch AAPL. Been burned too many times. I forget sometimes that everyone else uses it as a barometer of the consumer economy.
But their guidance for future was down.
Dreadwin,
Was you long on Apple? If so, you made a good call.
Cramer $1000 target
Seems like they are in a hurry to sell the shares as promised to their buddies. GS had BAC $20, JPM$50 still pending. Other than that AAPL price had a target $262. JPM had RUT to be 690 target price, the rest is short squeeze. Seems like top is imminent to me
If that's who's holding Goldman down, then it could take weeks to unload all their shares (doing it a little at a time, so it doesn't tank on them).
That also means that they would like to see the overall market stay up, while they unload Goldman. If one of those clowns tries to unload too much on any given day, a technical sell level could be hit on Goldman and cause the bot's to kick in.
It's going to be very touchy for the next few days, and weeks. One mistake by a hedge fund could cause the sell off we've been looking for.