It looks like it! What is going on at this point? If anyone has a clue would you please help me!! b/c: 1. each and every analyst has this stook up above $50.00! 2. The outlook from company and analysts look great! 3. Q1 Performance was not bad and guidance may be bad but not terbble considering magnitude of earthquack! 3. it has gone down 3 days out of 4 and with big margin! 4. Short amount is extreemly HIGH!!!
What on earth is keeping this stock from moving up, up , and UP!
I got lucky today I sold all my positions averaging at $29.77. I did take a big hit but I am glad I did that, atleast for tonight. I will be watching early morning and will buy back all my positions depending on how this pos opens. I don't want to be "LEFT BELOW" when it rebounds!! I need to recover my loss from FMCN. I really like it, and recovery is for sure it is just a matter of when!! Good luck you all!!!
Reasons for not going up? 1. overall markets in China are down almost 2% today and much more so this month 2. overall markets here are down 3. overhang of eq affects this quarter plus 2 4. profit takers 5. but for every 5 million shares that get sold, the same amount get bought. so we're not running out of shares. would be nice for FMCN to take a few zillion shares off te market right now.
Thanx!! Makes sense! is the impact of Earthquack on Q2 - Q4 that significant?? only 40mln. Plus isn't this already priced in? I am long got in @ 31.00, and I am trying to add more but scares me that this one goes down as it is doing.