This is all a hype for the bad earnings report to come. I've seen many of these hypes before, the company has good news to dampen the bad report.
NXTM will be back around $8ish after the earnings report. Mark my word.
I like trying to make 20-40% on a daily basis. That's why I'm a day trader.
I just think long term investors miss many a great opportunity to make a heck of a lot more money.
I'm going to cover now and lock it in.
Good Luck to you all and to this company, thanks for the money!!!
thj_investments, civil answer. Same here. If you are a long term investor, people who short from 13 to 11 shouldn't bother you. Especially when this stock has not been over 10 in the last 6 months.
Don't you invest for a huge profit like today. Its up 43% right now in one day. 43% profit over 2 years would be considered good. Too high too soon. I'm short, for a short while (1-3 days)
I concur. same here
like any of us longs will listen to you - we have been buying in the 7's and 8's - where was all of your brain power then???? you people need to listen, not talk
Odd's are you are very correct... I've been around the block before with these things. Something is no doubt up for them to sell $20ml worth of shares right before earnings because if earnings were to be a blow out and they are the only ones to this, there would be a heck of an increase in the PPS and they could get a lot more than just $10 bucks a share.
This play smells, it smells bad to. That's why I shorted it. If this purchase had occurred after earnings, I might have considered going long this AM in the pre-market.
In my opinion, this is a prop play to dampen something upcoming. Just my opinion and I always follow my gut feelings. Congrats to those who are short in the $13's here and seriously, I feel for those long up there. Good luck in someday getting your money back. I hate to see anyone loose money to the Street!!!!!
Best of luck fellow traders!!!!
You are so on target; if earnings were good there is no way they would sell out for 10 bucks. Management knows that $10.00 represents a premium. 11, 12, or 13 is way overbought. She is going down for sure.