|Day Low/High||184.11 / 191.72|
|52 Wk Low/High||9.01 / 483.00|
The market is struggling with instability as a massive, short-squeeze movement continues. 'Good' stocks are being dumped by funds to pay for short-selling losses.
A lot of what we saw on Wednesday has been in the works for a while now.
I've raised a bit of cash, but it's still unclear what will emerge from here.
Powell was asked a number of questions about asset bubbles and financial stability risks during his press conference.
Let's pick apart the wild action in individual stocks -- especially GameStop -- and see what to expect going forward.
I'll take a 66% risk-free rate of return in six months anytime.
The FOMC statement was pretty much identical to the one written in December. The change though was on their assessment of the economy. In December they said "Economic activity and employment have continued to recover" and with the caveat "but remain...
CEOs of stocks that are heavily shorted should be ready to sell billions of dollars of stock right now.
Forget the GME theories, this trade should make you money over a long stretch.
I feel like I've been in a wrestling match with the technical issues and big moves.
* Many are becoming hyperbolic and are ignoring the facts I am seeing some comparisons made between and on the chat sites, on Twitter and elsewhere. Some suggest that if GME can go to $380 why can't TSLA go to $2000? Of course anything is possibl...
Executive actions are temporary, so don't bet that the Feds are done for good with the private corrections industry.
Wednesday afternoon the Fed's Federal Open Market Committee will publish the central bank's first official policy statement of 2021.
Major earnings news is hitting, but much of the market is preoccupied with massive short squeezes.
"Just one more thing." - Lt. Columbo Fascinating day today. Again! Overall breadth's weak -- for the second day in a row (the same 13-18 advancers to decliners). Speculative, heavily shorted gewgaws zoomed higher -- perhaps taking the oxygen from ...
There is no way to know how long this theme of strong small-cap speculation and short squeezes will continue, but I have no interest in fighting it.
As a celebrity tweet can propel stocks for no good reason, we have some wild trades in GME.
Overall the action is relatively mild, which is quite healthy after the chaotic 'flash crash' that occurred yesterday.
As a trader who at times takes short positions, I don't know whether to stand up and applaud this group or to fear them.
That 'dumb' money can overpower giant hedge funds and create massive, short squeezes is a good indication that there is still plenty of buying power out there.
Here are my recommended 'value' stocks that saw substantial moves.
Let's pick apart the wild ride on Monday -- how the selling dried up as soon as the move down -- and see what it all means.
As the market appeared ho-hum on the surface, much was shaking underneath and traders got a jolt.
With few exceptions, there isn't a stock that could bring down this market.
The core business and secular prospects for GameStop are terribly weak. The real pain will likely reside at some bank/broker. Note the weakness in bank stocks.
Let's look at how to play the frothy action on AMC Entertainment holdings.
Today's hot market conjures up thoughts of two decades ago, and approaches to trading then could prove invaluable in the current environment.
Comments about how unsustainable the current market action is are hitting all-time highs, but strong, speculative trading is winning out for now.