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McDonald's Corporation (NYSE:MCD) just put in a major top. Not only is trading above a 27 P/E, historically insane, but McDonald's Corp opened higher today and sold hard on volume. The jump this morning came after Cowen upgraded the fast food company and placed a $180 price target. Let's think about this for a second. In October 2016, McDonald's Corp traded at $110.00. Today it hit a high of $155.28. That is a whopping percentage gain of 41% in 8 months.
Think about that, after a 41% gain, now an analyst upgrades it? That is some sort of wacky joke. This is how tops are created. The reversal signals institutions are selling into the upgrade volume. I have a downside target on McDonald's Corporation at $134.25. This would be about a 50% retrace of the 8 month up move. Hold on and enjoy the ride. I am loving the short trade.
Gareth Soloway
InTheMoneyStocks
Hi Breezy, bailing out at 7p would have been a smart move for both of us, but what if it had sailed on to 15p and beyond like SOLG did, we'd be kicking ourselves having sat here for 2 years. Frustration doesn't begin to describe how I feel about JLP. Other companies have gone through the roof on mining licenses being issued, JLP has failed miserably to excite the markets. I'm not a get rich quick merchant but would like to see some return on my investment in the next 12-18 months. All the best, idg69
ldg69 Yes very pleased with SXX i am 60% up at the moment and i intend to hold for another 4 years as i think they could hit £2 by then. I can not believe jlp has gone below 4p it makes me wonder if they are not telling us everything.I wish i had bailed out at 7p. But i am going to hold for now as i think it will come good in the long run. Good luck my friend keep the faith.
Morning all - still looking in from time to time but nothing much to say at the moment. Google finance and my Halifax i-web trading account are showing no activity on JLP since 16th June which I can't quite believe. Have refreshed my browser but nothing changes! Breezy you must be happy with SXX at the moment. I should have held on to my 14p holding of SXX but needed the cash and sold them too early. I wish JLP would post some solid financials and maybe then the market would take notice. In the meantime we just have to watch a slow decline or either bale out with a small profit.
IceMax has a supply ship next to it for most of the day - maybe it is just taking on the last of the champagne for celebrating the massive find
Univision Engineering Limited A Leading product supplier and system integrator for CCTV and Security System in Kwun Tong is now looking for: [link]
So the spudding effect appears to be a decrease in share price. Perhaps once the Ice Max actually gets underway we will see some movement in the right direction
HYLAS-4 Has at last been scheduled for launch in October 2017 on flight VA-240