GRPN.... wow flying.
Stock Market Today : May 14th - 18th - Page 3
I think JPM lost a ton of money this last quarter due to Silver.
Biggest movers after the first 30min of trading
TIII Tii Network Technologies Inc 2.07 42.76% KERX Keryx Biopharmaceuticals 2.26 19.63% VTUS Ventrus Biosciences Inc 13.01 18.70% GRPN Groupon Inc Class A 11.09 12.02% HZNP Horizon Pharma Inc 4.10 11.72% IMOS ChipMOS Technologies, Ltd. 13.64 10.09% UVXY ProShares Ultra VIX Short-Term 16.09 8.49% DUST Direxion Dly Gold Miners 3X BR 67.56 7.73% BMC BMC Software 43.26 7.08% BZQ Proshares Ultshort MSCI Brazil 78.02 6.19%
I'm thinking next week is bearish again. The daily and weekly's are still showing downside. Here's my weekly Dow Jones chart:
Pretty bearish finish there. IMO we have another 400 or so points of downside next week to around 12,400.
Commodities are also bearish, GLD broke a 4 year uptrend this week and has room down to $147 - $147.50 short term.
I'm personally in CVX puts, oil etf's (USO and OIH) failed to breakout again today and they're setting up for much more downside along with Gold.
..... my 2 cents
Although I do think there is more downside for Oil, I just took my profits on CVX 100x puts. In at .62 out at .94.
I may jump back in again, but I wanted to lock in these profits for now. Or I may go for another oil stock.
Saw this yesterday, Michael Portillo on the Greek debt crisis. Its an hour long but worth watching as it will explain the whole mess quite well. Any doubts about a quick solution will evaporate whilst watching.
Not the most exciting of posts here but looks to me like the Euro will have to be surgically removed from each Greeks hand.... see what you think.