The futures guys were wrong. The market has quickly given up all of its opening gains and is now taking on water. It’s probably not a good idea to believe in miracles, upside reversals when there are so many people crushed by the downside action in widely held stocks.
YELP, FEYE, SPLK and WDAY are being sold every which way but loose. It just feels like one gigantic unwind, detached from fundamentals, a matter of necessity if anything at all.
This is a very diseased and sick tape, despite the broader indices clinging onto new highs. That makes this clandestine drop even worse, the hidden secret under everyone’s noses is that things are not going swimmingly and it’s important that high growth stocks perform in a healthy market.
Unreal carnage. Let’s see if we can get a final flush out.
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Need some Y(H)elp? Sell that looser and get on EOG for the $100 roll. Besides by now is way more than what you indicated as your 10% loss rule…
Mikel
Under any other circumstance, I’d agree with you 100%.
No way; violent reversal 200 MA is triggering most stops this is being manipulated. As they say in Braveheart “HOLD”
Holding….
It’s like the carnage after the FB ipo.
just like it
I am using my EWZ profits to fund my Fly YELP trade. One feeds the other.
Bot YELP here on MARGIN…I’m going to blowup my account if I’m wrong……lol
Please be careful
You will then. Desperation is never good.
Let me be the first to call a reversal of the reversal today.
BALT is one sailing in the choppy seas sir.
Thoughts??
BALT is a sell, in my opinion.
Then again, up is down and down is down.
Amazing how GNK avoided bankruptcy
BALT up in sympathy
according to the conspirators at SA..GNK did in fact file for bankruptcy
http://seekingalpha.com/article/2125893-genco-equity-shareholders-to-be-virtually-wiped-out
N is still your high growth tell.
In the words of the immortal Bill Murray, “we go up”
or ” .. I will receive total consciousness … so I go that goin’ for me .. “
can you say VOL much .. WOW
I trust in the decision making skills of 80 plus years of trading experience here at IBC! Long live FLY, OA and CHESS
Im green and yelp will be too, soon.
Its “soon and YELP is red”?????
Fastest 5% gain ever…lol
and lost….
Until AAPL goes to $800 nothing Is safe!
I think the markets moved on you Fly
Earnings matter.Who knew it would come to this.