you should go read about the hedge fund loser who just offed himself...or did he? Insiders trading with the FDA...OH, WOW, THAT NEVER HAPPENS..THEY NEVER LEAK INFORMATION. No one manipulates a stock and runs it up 18% from 30-35+ on no news only to have it crash back to $30 in a blink of an eye on....surprise!!! bad news.
I'm not defending whole foods here at all, this is nothing short of disgrace, but almost every restaurant in NYC is a cesspool and I've always said (even on here), what kind of compliance do you expect from $10 an hour employees....who eventually get lazy and cut corners....this is why I rarely eat out or buy prepared foods. Yeah, yeah, I understand that's what we have immune systems for, I'm no germaphobic and have faith in my immune system, but some of these people have no concept of personal hygiene and that will kill you no matter how healthy you are. That said...you don't think anyone at the FDA? friends and family of the FDA? Politicians, wives of the politicians? Wall street crooks? knew this letter was coming prior this coming out yesterday? they ran the stock up, what, almost 20% in no time so they get the most bang for their buck, then....boom...start shorting and buying puts which puts pressure on the stock (down how many days in a row prior to the news?) and then cash in the past two days....this #$%$ is so obvious anymore and they don't even care knowing they won't get caught, or if they do the rewards significantly outweigh the cost. Look what they did to Chipotle...man did they beat the #$%$ out of that wall street darling....yeah, I get that it was overpriced, but WHO made it overpriced?? Who was giving it $8 and $9 hundred dollar price targets. They may never recover either.
Now that digital receipts are coming, join us in saying “so long” to long paper receipts! We want to know: How long was your last CVS receipt? Have a CVS receipt Haiku to share? Share your favorite CVS memory. #ReceiptYouLater
many businesses are now asking you if you want a receipt....because it's a waste of BPA ridden paper...many others are now asking if you would like it emailed rather then printed out..like car rental companies, airline for baggage fees etc. Lowes and Home Depot both ask me if I would like my receipt, while kmart prints out a half role of receipt, coupons and other gibberish....all for 3 bags of mulch @ $3 a bag....bit then again, look at k-mart.
Remember that?? another con to prop the stock price. Weighted average number of shares (for diluted earnings per share) (D) = (B) + C) 28,780,164 28,921,147
Basic earnings per share as per IFRS (A) ÷ (B) $ 0.24 $ 0.54
Diluted earnings per share as per IFRS (A) ÷ (D) $ 0.24 $ 0.54
Shares issuable under share exchange agreement for non-controlling interest (E) 7,005,434 7,005,434
Number of shares outstanding including shares for non-controlling interest (F) = (D) + (E) 35,785,598 35,926,581
how many longs are trapped?
Use the math, you now need substantially more of a % gain than you have in losses just to break even.
Wall Street snookered you with the quick rise to $11 in early April...they were selling to you and banking some serious coin. There was no reason for the stock to jump 30% on an earnings announcement, but the ticker hit the % gainers for the day, so retail jumped on board...then they did the same thing to you last Friday....runnnnnn it up on anticipation, trap you over the weekend, then dump it on Monday. Now you're in the mindset to "average" down because you've convinced yourself that this is a $25 stock...no brainer, like taking candy from a baby. The whole time, those in the know knew exactly what was going "down"...the stock.
they sucked the last one's in on Friday, cheng ho is gung ho....sentiment is overwhelmingly bullish for the upcoming release. wall street will eat you all alive. earning will be great, but not good enough to keep this from tanking. wall street doesn't believe anything this company says, they've lost all credibility. This stock has lost 40% over the past month for a reason, smart $$ has sold to dumb. enjoy everyone!