It might as well be the bottom (and I'm not even long in case you were curious). It's like people have just magically forgotten that no company in the history of the world has produced more money than this company this quickly. At some point in the future things may change, but it's pretty far from a dangerous game or a game of chicken. If you think that then you need to re-think things imo.
DOH! Looks like CX wins this battle. RIMM above 15 now in after hours from better than expected earnings. I will be looking to short this rally if it continues to explode up to 16. Shorts are getting squeezed pretty good and the stock is up about 100% since Nov....which means a lot is priced into earnings and the BB10.
lol I see After Hours Volume: 10,065,947 After Hours High: $15.50 - (16:52:45 PM) After Hours Low: $12.35 - (18:08:37 PM)
its not just his opinion being right or wrong on this one. i mean really he could not have been more wrong. he said after jobs stepped down that the stock would plummet, and it literally doubled in value. and i just thought it was funny he is saying the same thing again.
how does mutual funds work? thinking of just investing some in those. i use sharebuilder. just search for a decent one and buy it like regular stocks?
How can you predict that a company is going to get bought? And using the example of $ZIP, I see a large volume of buyers at the opening (since they Avis announced they would buy them) but these buyers are buying at $12 a share right? So why do that since they aren't taking the profit that people at $8.27 are? I would have understood if they bought yesterday at 8.27, but why today?
Educated guesses or luck. An example of an educated guess would be RIMM, who lots of people think may be a takeout candidate. But even if they do get bought, there's no telling when that would be or for what price. Avis has offered $12.25 / share. So if you can buy at $12 and sell at $12.25, that's a nice low-risk 2% profit if you believe the offer goes through. Trades above $12.25 suggest that people believe the offer will be rejected and Avis (or someone) will ultimately offer more.
You can't. You can sometimes speculate based on news and options trading. ZIP is very heavily shorted. Around 6 million shares shorted. Some people are also taking profits rather than waiting for the buyout to occur. There is no real reason to hold on to it.
Ok but if they are shorting people must be buying. Outside of what Major said, I don't understand why anyone would buy into this stock at $12+.
Apple has been in free fall the last two days. Is it a good time to buy now? They are announcing earnings in about a week.
I was gonna post about aapl a few days ago. I dunno I'm starting to change my opinion on it. I think there are probably better places to park your money. I'd like to wait for more panic to buy it.
Aside - Zipcar's product/service totally sucks now - prices are roughly double what they were about 2 years ago which destroys the value proposition vis-a-vis renting a car from Avis/Hertz etc - basically all they have going for them now is convenience (walk down the street rather than go to a car rental place) or if you're using it for micro increments (less than 2 hours rental/short trips). I packed everybody up to drive out to a kid's birthday Bronx for a few hours last month since it's too far for public transit, and it was over $100 all in.
