All the people in a panic fluster, sort of funny, shorts posting BK rumors and the like.
The short covering alone can bring this back quickly, however the fundamentals are getting better. Right now people just want to get out before the next guy. They are trading rather than investing.
Sometimes just waiting pays off.
Got to wonder how long this can go on?
I've never seen a company see this cheaply, however my experience is not that extensive. Nonetheless, it's cheap regardless.
Just do as you're told, it will be a lot easier that way.
I'm keeping myself occupied in grad school, following the stock every day was useless and frustrating. I said when I bought it that I wanted to give it a year, so I have at 9 months to go. Good move on the office building.
And for the idiot who told me that the market is rationally discounting the future for SNFCA, you're a blind idiot.
You sound like an academic who is developing an argument that the stock market is an efficient discounting mechanism, that is funny, you, are funny. If you look at the trading pattern of this it is obviously a short attack, and it obviously creates the desire for one guy to get out before the next guy, and so on, the stock has lost everything it gained from after reporting earnings on no news yet you still maintain your argument, silly. You should really study the history of the markets before you lay claim to the validity of current academinc theories, however you have ironicaly proven one aspect of a short attack to be correct, it makes people think that the market is "telling" them something.
The shorts have destroyed this stock, nobody wants it because the shorts just continually smash it down with every rise. I'm absolutly convinced that stocks have nothing to do with reality, it's how mauch hype in either direction can be created by big money interests.
I'm amazed and disgusted all at the same time, and I rechecked the AMZN p/e it's 3,400.
Had I been able to predict the future I would have followed the line of least resistance and gone short after earnings.
Yep, great earnings, growing company, healthy market, and a p/e of 4.6 and a p/e of 3000 for AMZN, sure, the market is based on financial logic.
Good post, it's a short attack and that is all there is to it. The SEC could care less.
It's the whole quick get out before the next guy thing. Trading has nothing to do with reality or fundamentals. Those shorts even knocked it down from the fundamentally low price after earnings of 9.40.
The market is more effiecient in larger more liquid stocks, the market is not "telling" anything on this stock other than a 10 million share float is being manipulated by shorts, nobody wants to jump in until after others do, and when it falls they want to get out before the next guy, which is exactly why the shorts sell at the open and it craters all day. Other morgatge companies are trading at p/e's of 14, and this one is 1/3 of that, and they are in two other businesses as well, it's just a magnificent short attack, and the SEC could care less.