well, i guess with this much volatility there is enough fun for the longs and shorts. i've been long this stock and traded options and done pretty good as well. volatility is everybody's friend.
wouldn't be surprised to see this stock back at $120 in a couple of days.
For those of you short, watch 109.75, if we don't bounce there, then we are headed for $103.68. If you see a bounce coming, pick up some ITM calls to hedge against your position, this thing is going down, below $100, but it may be very volatile, so protect yourself and capitalize on it.
that makes no sense. the stock was also down $20 in one day, so what does that mean that i should sell because it was up $20 in three days. that's ridiculous. what makes me a greedy pig, because i understand the company better than you all. this stock is going much higher, so why would i sell. not to mention the huge short interest in this stock will make the move even bigger tomorrow.
just because a stock goes up a lot, does not mean it will go right back down. you really need to let someone else handle your money if you think this stock is going anywhere near $100 anytime soon. maybe if they announce a 2-1 split when they report 1Q results it will. otherwise, it ain't happening.
i told all you shorts you better cover when you got the gift of a sell off on thurs. that was your only chance. now you are done. this is an important lesson, stocks do not go down because they are expensive. they go down when fundamentals change. the fundamentals have not changed here and the stock will go higher.
tomorrow is going to be great.
BTW, nobody said it was tanking or selling because of financials. there is no doubt this has been in a leading sector, but how far do they run? and based upon what? That is all..nothing goes straight up or straight down.
Technically, that big selloff last week was on strong volume. That is a topping sign.
Just my humble opinion. Unless somebody has inside info, why and the eff would a dumbass buy this for 5 bucks more than when it closed? That is an intellectual question...
32,000 shares total traded in AH (so far), and the stock is trading at $120.94 after a close of $116.01.
I'm short the stock, and took the opportunity to add to my position at a higher price in AH.
There's absolutely no news in AH, either for ESI or any of their competitors. The move down the other day was indeed a huge distribution day.
My sense is there will be another huge distribution day in the near term. Institutional investors don't dump a stock in this market, and then return a few days or weeks later to bid it up to previous highs...it just doesn't happen.
I think it will hit $100 before it hits $125 again.