The most frustrating part - when the $8 dollar week will come
What I dont get about this stock is the random out of the blue $3 day a day price increases which happen for no reason making it an $8 dollar increase week because once it starts flying there is no stopping it...This is why this stock trades like a casino, there is no rhyme or reason why they just pick some random day and jack up the price..no else finds this messed up?
finally, the MTW boys get to feel a little love too. but yeah I didnt short this, this stock makes me nervous to short it, and i dont even think economic cycles apply to this stock alone..it's one wild beast, it can even go to $45 in 2 weeks without any news.
I dont think so, high beta just means its more sensitive to the index, meaning if a beta 1 stock goes up 1 point for every 100 points NASDAQ goes up, this would go up 4 points with a beta of 4. The fact it was at 36 with the markets at the same levels just a month ago and now cant get to $30 doesn't make sense. It missed Q4 exp. that didnt matter. So why would missing Q1 expectations be any different. All I know is it;s probably controlled by some big group who all decide to pick a day to hike it $5 on 10M volume on any random day they want, making sure the blood got sucked out of everyone first beforehand, of course.