It appears that they believe that statement. CEO has lost all credibility. Constant selling and shorting taking place.
Difficult to believe that this stock is only down 16% after guiding down this much for the next quarter and guiding down one dollar for the fiscal year.
Guidance is absurd. They are hoping to make28-33 cents when expectations are 79 cents. Expecting it to fall further. Wall street could be long and then that will not happen right away. Definitely making new 52 week lows.
Big money folks still making a lot of money on particular sectors and stocks that they short. Calm happens to be one of them. What is so sick is that they can take them well below what they are worth. Look at WDC. At 36 finally had two downgrades . AT 35 covering takes place big time. They were purchasing at the same time. Bingo up it goes. Difficulty is to know when. WDC was a 95 dollar stock. Some bought at 70, 65, 60, 55, thinking it had bottomed. It has come back quickly yet they are still in the red. I noticed that egg prices in the stores are down again so CALM could still go much lower.
Obviously that is not accurate. Money to be made going long at appropriate times. Over the long haul can not see how this company prevents bankruptcy. They will not be able to sell segments of their company for anything near what they paid so they will still be saddled with a mountain of debt. Do feel bad for those that Wall Street able to convince to buy from them at much higher prices. Never going to make their money back.
ENDP will not hit 30 in the next 30 days. You may have noticed the direction of VRX this morning. Will take ENDP lower with it.
You could be correct. If wall street long big time then they move it up. Fundamentally the stock is not worth anywhere near the share price. Expenses to go up 37% so revenues stay the same or less. Accounting magicians provide outcome of making some money. This has become the American Dream. To work for one of these companies that falsehood is truth.
This is another wall street sucker stock. They pump it, hype it and buy it getting others to buy shares that the retailer will be stuck holding as wall street shorts.
If you look at a chart of SBUX, you will see that it has been in a downtrend from October 2015 making lower highs and lower lows. The market itself is near all time highs. Last week SBUX went down to about 54.60 and had a little move up. If you look back to June 2015 and February 2015 there is some support at 54+. If it falls below 54 there is no support until 50. Wall street is making much of its money shorting particular stocks and sectors. This is no time to be a hero. Make sure your investments are in an uptrend before buying. Granted there are times you may want to start a position after a good company had been taken to the woodshed by the wall street shorts. A prime example was WDC. They took it from near 99 to 36 and two big borkerages then downgraded. Yes it went down another dollar with the downgrade, let them cover a number of shares lower and then purchase. If you look at that chart you will see what happened. All I am saying is this is an area that I am watching SBUX, I have covered my short already and I do not know which way that it is going. It is still in a downtrend and may just channel up and down here for awhile. I have no trouble as a Monday morning quarterback telling one what they should do after the move has been made. It is at times likes these I am a little more cautious.
Appears SBUX is in a downtrend. When it broke below 60 in April it went down quickly. Now it is just continuing down on good days, which most have been, and on poor days. Spending up today, supposedly, and down again. Obviously wall street is short. If they do not do some covering in this 54 area could have a nasty drop below 54.