Here's the problem and why you should get out for a while
We all know this should be a 70 dollar stock, sell-off is not warranted. However, short of a buyout, there is NO news that is going to move this dramatically until the next earnings. This stock will sit in a narrow trading range for 3-4 more months. Then we all hope for a beat this time. But until then, the market is going to be strong Nov and Dec, so I am moving my money to Apple...many more announcements to come and I can ride the wave. Then I will be back right before earnings and roll the dice again. Good luck longs, this is a great company, just not a great stock right now. I will be back soon!!!
You have to look at the volume. Its up today but there is still some pressure to the downside. Once the selling is over, the stock will rebound. Patience and the willingness to hold the stock when its down is the key. Some aren't willing to hold their shares - that is what you're seeing today I believe.
It is time to double up. Playing on the fears of people is how the Goldmans and the hedge funds make their money. These analysts are so good they can estimate to the fifth decimal what the year end revenue would be. Sodastream says around 54 million, and analysts say 54.89925 milllion. And Stifel downgrades it because of the huge shortfall!! Gimme a break! Sodastream has lots of countries and room expand and garner revenues. Mountains of plastic trash and cans are unsustainable in the long term.
Same thing here... the Kmart announcement obviously didn't put a dent in the downward momentum, and I just bought too high to afford continued losses. Just don't know what news is going to help at this point.