Dilution is correct. Folks been saying this selling is overdone and it keeps falling. These analysts must get paid to pump this stock. Management has done a horrendous job yet they continue to cash big pay cheques.
Mike, they are not buying. They are coming out sharing that as a result of going down some more that WNR is a better bargain today than it was yesterday and a week ago. They are not telling you to buy.
That was a very nice wiggle or what ever you call that move yesterday. Everybody and their brother knew what Yellen was going to do. So they take the refiners up rather significantly only to take them back down after she shares the expected remarks. Will admit I was thinking of making a long trade if WNR went above 20 this morning with a stop at 19.90. With it down approaching 5% today no longer interested. Will keep it on watch list. Do not know where it gets any weights to build itself up. Sorry that you are long from higher prices.
WNR is going to go lower via the weakness in the stock again today. June is looking like another poor month for refiners of which WNR is the 90 pound weakling. It is being bullied rather painfully. From 50 to 18 and still falling does not make a happy father's day if you own it. It was higher than this in 2011.
The lowered spreads resulting in lower margins is definitely having an impact on the refiners. Despite the rhetoric about summer driving pushing up the price of refiners, June is usually a poor month for their stock price.
The spreads are getting lower so you can anticipate the stock to move down. Option puts are increasing so wall street is telling you they are going to take it lower. Stock markets topping out. Fed is running out of ways to prop up the market. Correction is coming and wall street will be shorting big time.
Appears it may be rolling over again. Will have to see. Has been in a nice downtrend since March. Continues to make lower highs and lower lows. They gave it a little pop yesterday early then it continued back down. Consumer stocks still taken it on the chin.
Shorts are not scrambling to cover. My goodness. These are brokerages that have lots of shares that they have shorted. Now they have clients that want to sell. That is why they have been exchanging all these share here between 28.40 and 28.80. No scramble in that. They will get clients shares off the offer for a little during lunch time here and RH will move up some. Then they will jump on the offer with clients shares again and cover some more.
Difficult to understand how a stock selling to the more well to do folks could get taken to the cleaners this badly over such a short time. They are probably buying their products with the money they made in the stock when they where long. Now they will buy more product with the profits they are making now short. Feel bad for the small retail person that is taking such a beating.