CVEO actual short interest is "miserable" vs other oil related stocks have -only 3%. It tells the whole story - the stock is/was under accumulation by deep pocket players. Everybody with cool head understand that CVEO priced for BK. Fir so undervalued stock a gain of 50% was a matter of days, in reality a matter of hours. I just measured a time CVEO goes up, down and stays with no move for the last 4 days. This 1:11:19. In the meantime the stock 50% up. In the other words you need only 1/(11+19)=1/30 time of a rally to make 50%. Accumulation is still in effect. As soon as major movers finish it be prepared for a rocket type of rally (ACI is an example).
party is at her infancy. The stock made only 50% from the very rock bottom and it was done after oil rallies almost 20% from the bottom. For comparison: when oil drops 50% this stock lost 90%. Following the same metrics this stock MUST go up 400% up to now. Wait for another leg up.
I often play day trading games. But not for this anemic stock in terms of volume. Swing trade is something else. After selling ESI over $4 on a fast spike several days ago I bought it back recently for 3.66 and still hold for another spike.
the company is going out of woods. The "market" is still waiting how to react though no doubt it will be an explosion to a more decent level (8-9) sooner or later (rather sooner). I made today a couple of test: how easy to buy and how easy to sell the stock: I tried to buy 5K at ask 5 times and each time the stock was moved a bit higher filling only 100 shares. This game lasted for 10 minutes and at last I got filled almost 10 cents higher (3.79) than the first order was set. Then I set a sell order at ASK (3.94). The order got filled in 1 shot immediately despite the fact it was ASK and this ask shown only 100 shares.
Resume: shorts are hungry to cover at any price, even at ask, shorts are hiding real digits at ask and bid.
I have a soft (developed myself) that can differ a short sell and a regular sell with a probability of 80-85%. There are over 10 indicators involved. I tested it many hundred times and it works. If you remember I stated 2 weeks ago that SI on August 15 will be a bit higher than a previous one. It happens. In 2 weeks you will find a SI around 9.1-9.4M.
You will see senseless sell offs like yesterday last 3 hours, you will see 20%+ spikes like today, you will see stagnations for weeks, etc. All in all this stock deserves to trade in 7-8 NOW and who knows what it deserves when a situation with OIL/LNG improves. It was valued initially in 27, say it was too high but 20-22 was a right price. 92% down if you look at today's 1.8 and 95% vs. recent bottom.
Disclosure: long 50K, average buy price is zero (cost out an initial investment a long time ago). First target for sale is $7, last 25 (may be I will change targets depending on a situation).
10 years is too far from now on. It will be a case much faster, may be in a couple of years.
A current market cap is ridiculously low vs book value and cash flow. Price target is something we can speculate but 7-8 is a current right assessment while now CVEO priced for a total collapse.
almost 1M shares were sold by hitting a bid with no stop. MMs are trying to convince longs that a rally is over. CVEO reacts negatively both to oil down no reaction to oil up. Almost all other commodity stocks are up big time with an adequate reaction to oil moves. Probably tomorrow or in several days we will see another round of CVEO rally over $2.
right. SUNE, SCTY, VSLR, etc. -all of them are overpriced fantastically in a hope of distant future potential earnings. SUNE already got a hit losing almost 75% from a recent top. The next is SCTY. Revenue/market cap ratio is more than 35 - madness!!!
If you like solar sector there several really good profitable stocks still undervalued.
unlikely. These short guys want to take an advantage as fast as possible. Recent (2 weeks ago) SI is 88M, now it is probably 120-130M (we will learn it in 2 weeks).
13M x 24 (average sell price) = 312M peanuts compared to investment and even VSLR offer. Wait for another round of cheating. Why not to speed up the stock say to 50, and then repeat a pattern.
why do you think they know something we do not? We knew everything from the very beginning at the time the company started a transformation. A simple calculations raised a red flag for me immediately a long time ago. This company/stock is the WS project, these guys have unlimited money supply, they can survive through many hurdles. In a case of SUNE to survive and prosper they have to take all the competitors off the table i.e. buy them for any price. This is the only way for success. There is another way. We will talk about it next time.
SUNE is the worst, definitely. CHK and LL are not too bad both. LL gradually solves Chinese problem, debt is miniscular. CHK has more than enough cash and assets to survive longer than 50% of all oil/gas producers. JMHO: CHK and LL potentially big winners from current prices apart from SUNE.
For CHK to progress you need only oil price reversal that inevitable within next 12-24 months. LL will settle lawsuits, find domestic or foreign decent suppliers - it is also a matter of couple of years or faster.
SUNE can not solve its problem sitting on huge debt and losing money. Hiding this debt in Yieldco companies does not help. It goes without saying that if the WS takes a decision to support SUNE no matter what the company will survive.