Lol...after it's dropped from 45 to 17 in 4 months...little late on the short potentially...lol..it's going to bounce first potentially..risk vs reward at this point is not in your favor...smart money covering and looking to short higher...
Zack ranks JOY a Strong Sell candidate ... Could JOY possibly hit SINGLE DIGITS, if so how low in single digits and WHEN ...
Why not buy it low...put a stop of a dollar and see if it can get going for 5-10 years...if this thing goes bust in two years why not have a stop?? Nothings promised...don't be an idiot and blindly buy without a stop...recipe to lose big...put a stop in risk losing a dollar or so and make the upside gain?
even though it has fallen substantially and could fall even more, I am fine with waiting for 5-10 years and if it amounts to nothing or the company goes belly up, at least I can feel comfortable at this price point. Can it do what FCX ot NBR did? perhaps, but that is a risk I am willing to take at this level. Best of success everyone !
also too who is selling down here smart money or dumb money after relentless drop from mid 40's to 18...lol..so if dumb money is selling then pros buy for a trade down here...at worse...good luck
I'm looking at the 10 min chart and shorts started covering and someones bargain shopping....this is what capitulation looks like..buy at 18 sell at 20...not a bad day potentially
Oh you got your 19's and more with a huge capitulation this am...now it's a buy short term...20% short float will be putting some cash in thier pocket at this point......45 4 months ago lol...hell of a short..now it's time to cover for little bit
I agree. Management is doing an excellent job--they're actually making money in this cycle.
Why haven't many EPS est. been lowered.
ATW, is way to high.
JOY missed by 7 cents . I'd wait till it trades in the morning.
What exactly are you whining about? Employment has increased, and the unemployment rate has decreased since 2009. The price of fossil fuels, like coal, natural gas, and oil, has decreased dramatically because there is an oversupply of those resources. That's how free markets are supposed to work. Prices can go up and they can go down, too.
Careful .... I hope you mean buying the puts. I called the $25 target... next stop: $19 by end of September. This is one ugly dog with no real fundamentals that are going to help them in the short run. maybe even bankruptcy in 2016-17. All their major customers are bankrupt (or on the brink), they have a 1.1 B good will to write off (China IMM Bad purchase), increasing inventory w/o sales support, negative cash flow trending, and no reserve for all the bad debt to come from A/R write-downs (again, BR customers).
Their only hope is if the leadership grows a pair to close 1/2 the plants and cut at lease 30% of the staff.... or some other sucker buys them up.
Sentiment: Strong Sell