Fuzzery said:ooo fuck stv
gkrykewy said:Yowza, down almost 20%. The desperate "HOLD GOD HOLD OH GOD I'M DROWNING IN IT"-esque posts on the google finance board for that stock are morbidly amusing.
CROX breaks down every other day. Trust me.mrWalrus said:The market is looking real weak all of a sudden guys.. I know I was doom and gloom before but I'm really starting to think we might be at the tipping point.
We've come too far, too fast. Take a look at CROX, GOOG, APPL, AMZN, RIMM. They are all breaking down big time and on HUGE volume. Might be a good time to protect yourself before we fall off a cliff.
This is like Aug 16th all over again, just in reverse. The futures have lost over half their gains in less than 20 minutes.
lil smoke said:CROX breaks down every other day. Trust me.
But yeah, weird scary day, though. Perhaps just a bunch of coincidences and stars all lined up?
JPMorgan's call on Baidu.com sparked a retreat after the S&P 500 and Dow average earlier climbed to intraday records on a raised earnings forecast from Wal-Mart Stores Inc. Technology companies in the S&P 500 are forecast to post profit growth of 23 percent in 2008, the most among 10 industries, according to a Bloomberg survey.
``It was all triggered with that JPMorgan call,'' said Clarence Woods Jr., chief equity trader with Baltimore-based MTB Investment Advisors, which manages $12 billion. ``You've had such a straight up run here in the last two weeks in the tech area. Everyone was waiting for someone to blink and when they did people decided to sell and take their profits.''
sonarrat said:Wow.. KLAC (KLA-Tencor) looks like it just went over a cliff. And I didn't even think it was overpriced.
gkrykewy said:A 3% decline does not a cliff make
not sure if you mean the NTDOY.PK?_Rafa_ said:if or example i want to buy some ntdoy (witch is on NYSE right?), what extension do i have to put?
and how the hell can i know wich extension to use. I think Tsx is . TO, but what are the others?
lil smoke said:not sure if you mean the NTDOY.PK?
Similarly speaking, did anyone ever find out the deal with NTDOF? What is that? I looked at the history, and it looks like only 2 people own shares? I don't know, I looked at the volume and it only once or twice a month someone is making a transaction. Doesn't seem to even follow the trend with NTDOY.
Ether_Snake said:What a stupid day. Just because Baidu goes down everyone else followed? It better not last because this means nothing. For example, Ubisoft was up like 3% today but on the US markets everyone like ATVI, TTWO, THQ, RIMM, APPL, etc. all go down, when all of this is due to some company in China.
Stupid investors.
sonarrat said:It seems that it came at a delicate time. A lot of tech companies, like Google, will be reporting their earnings shortly, and when JP Morgan starts forecasting lower earnings for a batshit out of control insane stock like BIDU, it makes people start to see the bubble under them.
Ether_Snake said:Yeah but what applies for BIDU doesn't necessarily apply to others. Seriously, who here does business with BIDU in any way? Why would it affect US companies? Google, Apple, etc., are not over-valued as long as they perform well.
Anyway things better go up tomorrow, because some are calling this the .com bubble all over again, which is bullshit. The .com bubble was based on speculation. Tech on the other hand is real and is continuously increasing in importance everyday.
lil smoke said:It's really funny though. Just about every investor in the world was like "oh shit" :lol
In a client note, Dick Wei said Baidu shares should rise to $400 by the end of next year. "We believe the continued traffic and market share gain demonstrate that management understands the Chinese users' needs," he said. "Over the next few years, we expect another 100 million people to use the internet in China."
Ether_Snake said:What a load of crap: http://money.cnn.com/news/newsfeeds/articles/apwire/D8S16EB80.htm
The same analyst who downgraded BIDU today is the same one who upgraded it on Oct 2nd:
Mr. Nice Guy within me thinks that hey, when Morgan Stanley downgraded Baidu yesterday, well, it was about reality and the possibility of BIDU's growth rate slowing, revenues tailing off, blah blah blah.
But Mr. Skeptic in me knows that Morgan Stanley laid off a bunch of employees yesterday, and in a further potentially profitable manuever, called for the downgrade to spur a selloff ... and inevitably, cheap shares to buy for the books.
Mr. Nice Guy within me also thinks that Citigroup's downgrade of Blue Nile (NILE) this morning is more of a possible downturn in online jewelry purchases, a byproduct of a slowing economy, indirectly related to foreclosures.
But Mr. Skeptic knows that it's a bunch of bullcrap, that Citigroup is simply trying to knock down NILE's shares to rake up cheap. With all the exposure to the mortgage meltdown, a whole lotta big boys out there are going to keep trying to scare the average investor out of his/her shares, all so they can get a stock like NILE down to 90 or 80 bucks when it's worth more than 100 right now.
Yeah, it wouldn't surprise me. But it won't scare me. Hell no. Still don't believe me? How about this: Deutsche Bank downgraded Citibank from buy to sell this morning. You don't think Citibank is desperate to do whatever it takes to maximize a profit?
I'm holding my NILE, you downgrading Citibank bastards.
gkrykewy said:There might be some truth in this blog post (from http://moiliiliquarry.blogspot.com/):
SO what are everyone's bargain buys today?
Ether_Snake said:I could buy more today but I'm not sure how far it may go down. ATVI would be the only company I'd invest a lot more into right now. THQ is almost a good buy but you have to wait for the quarterly results first, I think they will do well during the holidays.
koam said:Anyone know how to see "shorts" that are being done on a company?
Ether_Snake said:I wouldn't count on WiiFit too much, it's an accessory. I'd bet more on new Wii versions/colors/bundles.
koam said:Ether, you're going to invest in somethnig that's going to happen in almost 10 years from now? I have problems investing in something that will happen in 3 months.