dChan
Anonymous ID: 2faaba Feb. 7, 2019, 9:18 a.m. No.5067325   🗄️.is 🔗kun

Stocks Tumble Through Key Technical Level After Kudlow Warns On Trade Talks

 

It appears White House advisor Larry Kudlow is today's 'bad cop' as he just told Fox Business that "there is a pretty sizable distance to go" in US-China trade talks (adding that Xi and Trump "will meet at some point"). That has taken the shine off the latest algo BTFD ramp…

 

Dow is down 300+ points (edit)

And all major US equity indices are at the lows of the day

 

Cap 1

Perhaps most critically, having failed twice at the 200DMA, the S&P 5000 has just broken back below the 100DMA

 

Cap 2

Erasing all of February's gains for the S&P and Nasdaq

 

https://www.zerohedge.com/news/2019-02-07/stocks-tumble-through-key-technical-level-after-kudlow-warns-trade-talks

 

these charts have dropped further hence the edit to the DOW from original article.

 

Twitter, Inc. (TWTR)

NYSE - Nasdaq Real Time Price.

 

30.42-3.74 (-10.95%)

Volume 46,329,549

Avg. Volume 20,754,708

 

yahoo used because it's easier to follow for non-financial people. ZH charts ok but mean little to many

 

https://finance.yahoo.com/quote/TWTR?p=TWTR&.tsrc=fin-tre-srch

Anonymous ID: 2faaba Feb. 7, 2019, 9:23 a.m. No.5067384   🗄️.is 🔗kun

Stakes in JCPenny, Chipotle

 

 

https://www.finviz.com/insidertrading.ashx?or=-10&tv=100000&tc=7&o=-transactionValue

Anonymous ID: 2faaba Feb. 7, 2019, 9:59 a.m. No.5067789   🗄️.is 🔗kun   >>7825

A little context about Pershing Square value investing.

 

from 2013

 

Last night J.C. Penney (JCP) issued an SEC Filing indicating that Pershing Square Capital Management was selling its entire stake in the company for what was later reported to be $12.90 a share. It was an ignominious conclusion to the deeply weird partnership between J.C. Penney and Pershing Square founder Bill Ackman.

 

Related: J.C. Penney's Board Fiddles With Ackman While the Company Burns

 

Ackman purchased just under 40 million J.C. Penney shares for his Pershing Square hedge fund at an average cost of $25. If those prices are accurate it means Ackman and Pershing Square lost just under $500 million. In human terms that works out to about $14,000 for each of the full or part-time jobs lost at J.C. Penney as the company downsized to compensate for a 25% drop in revenues.

 

https://finance.yahoo.com/blogs/breakout/contempt-customer-why-ackman-failed-jcp-141503229.html

 

chart

https://finance.yahoo.com/quote/JCP?p=JCP&.tsrc=fin-srch