All of the price movement came in the last 15 minutes. Down a whopping .11 cents, it doesn't look like the $9 price so many others had hoped for. Watch for the price increase after everyone else sees Staples has bottomed out, the upward trajectory is imminent. GLTA
No loss for me, I'm still on the positive side. just got in yesterday after the drop in price. Bought 20 $11.00 sept calls, so I'm still looking good. Might buy some more tomorrow. There isn't much price movement like you were hoping for. Sorry for your luck. Cut your losses now. The stock isn't gonna see 9, maybe 12 in a few more days. The bottom is plainly visible.
You shorts are gonna have an awful long wait to see $9.00. Maybe in a few years they'll split so you can see it.
Just take your losses now and move on. The downgrades are having no effect. Everone who wanted to, has already sold. It only moves up from here. The base has already formed.
Apparently NOT, price still only .01 cent off. No hurt from downgrades. 93 million shares traded yesterday, all those who wanted out already sold! You're too late with your puts, try going long. You'll have better luck!
The same idiots telling you to sell at the bottom will be telling you to buy next year at $15. Do your own homework and invest what you can afford to lose. Yesterday I bought Jan 2014 $8 calls at $3.81 which seems like the best risk/reward way to play long term. Assuming they grow low single digits (2%) 2013 earnings will be around 1.40 per share, a forward PE of around 8. I went back and looked at all there financials since they went public on 4/1/1989 and you know what? They have never lost money. Profitable every year. Company doesn't have much debt. And at some point companies like Amazon will have to raise prices to become profitable or they will not exist anymore.