Usually signals bad times ahead (6-9 months ahead)
Just look at
LINE energy CFO left and stock went from 4's to BK in 9 months
AZUR CFO departed and stock went from $4.50 to .65 cents just 7 months later
I really like MCEP mgmt, wish them the best but wondering why CFO left? Maybe he doesn't want to move
To Oklahoma from Dallas, TX as their corporate office is being relocated, or maybe it's something else? Hope it's the former and not latter.
Making a profit is all about being a good trader, congrats! That said, it's just starting to break out, maybe more gains ahead? I just wished I had bought more VNR stock, in 1'40's I had a few opportunities to do so.
I think that Nat gas will stabilize around 2.60-3.00$ and the support, prices over 2.85 will help VNR enough, to incrementally pay off their debts to the lenders. Really need oil to go over 55$ to start helping VNR incrementally.
A couple of things need to happen quickly to determine if 18.55 is indeed the bottom.
1. Stock needs to gap up and close higher, more so than the gap on volume
2. Sentiment needs a change, most often stock prices do that, so #1 is very critical and #2 is critical
The sooner this happens, the better the chance that it was indeed the bottom as you all know the peak points in stocks don't last long or give opportunities to either sell at top or buy at bottom.
1. GAP UP to 22 or above 21.77 in AM 3-4 days after low or within 4 days, ie, Friday or Thursday seem like good set ups for the GAP UP
2. On the day of the GAP up, VOLUME should exceed 10 Day, SMA by 30%
You will then have a classic rally to about 25-28$ area in a few days after the GAP UP
Earnings revisions are rising, business is growing, ATT contract got SYNC on to others radars.
Noticed a trend when stock goes sub $3, it bounces hard upwards over 3.40 in next 5 days.
Looks like trend is still intact. I see $4 over the horizon. Nothing about Brexit going to cause small cap
SYNC from growing large. I really like this stock!
VRX also for low price.
from reading the message boards, one would think there are no positive bulls left. If volume was heavier, I would say, sentiment alone would have brought us to a bottom.
I doubt it, just keep buying and over the weekend you will hear of a buyout by GOOG or AAPL or AMZN, once this gem is gone, Social Media will make room for snapchat to go public.
should have started from 194 and up, instead started from 198, the higher start may have caused further decay.
I really think had it started 193 192 and gone down to 180's and come back up to 195, and that would have been the kind of pin action that would have brought a lot of money on the sidelines to TSLA. To the contrary, I think money be rolling out of TSLA now.
Papa "...underpromise and over deliver"
Ackman "...turnaround may take 2 quarters to show"
Papa "...we will invest in our people and products"
I think you all get the points here. All actions going fwd are to lower expectations, to try and make it easier for PAPA to beat rather than just meet expectations. Ackman is asking for 6 months or 2 quarters to show improvement. Papa is getting to work, meeting, greeting and learning on the job. This is a Turn Around Play, Here are the catalysts.
1. Figuring out what to sell (Egyptian Asset) (Dermatology business) or anything that may be considered, non essential, money losing, or value to reduce debt will be on the block for sale.
2. I think KEY to the turn around play is Sales + Margins, thus, Walgreens redo is a catalyst going fwd.
3. Ackmans words of 2 Quarters, or 2017 options of VRX starting Jan to Feb maybe a way to play the stock.
(My opinion only) sell physical stock at 22 and sell the $25$ puts for Jan 2017, with a premium of $7.35 on the bid, or say your average cost is $30, well you would lose $8 right now per share, but with sale of put, you would be getting $7.35 of it back, and maybe if it stays under $30 by then, you will have a chance to replay the whole thing. Like a second chance.
Anyone have any other ideas to help with the trades on VRX?
Some Good News on the potential earnings front or debt pay down will result in Huge Pop! Dont know when it will be coming but its going to be a Peter North like Climax!
was seriously thinking of bailing at 2.05 and few days later, here it is at 1.79, lol! I own so many shares, wish I had never heard of it. Big Smelly Dog is MEMP!