Shorted twice today @70.65 & 71.15 ... I already bought and covered and got my profit, it took me a while to cover as I wanted $68 which I got ... Still don't know why this shit still UP when PANW & FEYE are down !!!
I was wrong so I dumped the 55K shares I owned ... this is way too slow moving for me .. I think the selling will stop today - -14%, -4% and today -3% ... its overdone .. GL
I am a buyer now ...
The retailer reported fiscal 2015 fourth-quarter earnings of 90 cents per share, missing analysts' estimates by a penny. As for the top line, revenue rose almost 18%, to $1.04 billion, slightly below estimates of $1.08 billion.
Can't believe the 24% drop today --- I did accumulate a big position for a quick turnaround to $50 ...
A message from the CEO:
We have been working hard to get to this moment. Over the past year, we've clarified our strategy, accelerated our execution, and invested more in our resources in the areas of high potential for growth. And today, I am excited to announce those efforts have paid off. Setting aside the effects of the strengthening dollar, we have just announced a quarter of revenue growth - it's the first time we can say that in three quarters and if we exclude the extra week in June included in our first quarter of FY15, this would be the first quarter of growth in the last seven quarters. I am pleased to say we are on a solid path to continue the upward trend.
AH after announcement .... You will see ... Company is valued ~$2B without having any product that *protects* against syber attacks. They offer compliance of privileged accounts which many others do ... much hype because the name implied "Cyber" protection .. Keep on believing
If you own shares for the long run - you can put a sell order at much higher prices than today (good til cancel). This removes your shares from being available to short ...
Got out at 15.82 with a small loss because I did not like the short term trend. Oil is UP big, Market is UP and NO shares to short at Fidelity .. strange. But, glad I covered.
Good luck to you ... I am staying short for now and will watch it ... Your time horizon is much longer than mine and you might do well if you buy now and wait a year or so .. But me I look for break out trends UP or Down ... and for now, I see a down trend back to the $13 ...
I don't know how you could be buying CHK with all the news about shutting down rigs and it is continuing .. why would you expect results to be any good? Amazing
Something is fishy ... At fidelity there are no shares to short ... Folks are playing games and it will back fire soon.
Lowering CAPEX means less production ... not good. If it was an expanding business, CAPEX will increase ... watch out.