just found this depressed stock. As far as I understand after quick review it is a strictly NG company, no oil involved. Major problem is no cash in hand and debt. But this situation was a year ago too. How this stock dropped 95% within last 16 months if NG price did change substantially? something I did not see?
it means oil cycle gradually is approaching to 3rd step i.e. oil price dictates lowering production. The next 4th step will be lowering production that will cause oil shortage and then oil price increase. Timing can be from several months to 2-3 years.
who knows, may be you are right though my gut feeling tells oil will be dropped eventually below 30 and may be even lower. In his case I expect another wave of sell-offs among oil related stocks. My approximate rock bottom targets are
eventually oil breaks 30 and probably 25. I almost 100% sure CJES breaks 3 and may be even 2. It can happen straight i.e. without a break or comes later after a small pop up (say to 4.3-4.5) - I do not know. What I do like it is CJES balance sheet that let the company stay alive for the next couple of years. we have to prepare for oil being low (below 45-50) for a long haul, may be for 2-5 years). Besides an obvious manipulation there are too many reasons for this: electrical vehicles "attack" is growing like avalanche. My assessment tells that within next 8-10 years 25-30% new cars will be electrical.
May be you are right/ As soon as BAS announce another monthly report the stock can be cratered to 1.2-1.3 or acting as a contrarian i.e. explodes 30-50% in a blink of an eye. What is funny a stocks direction does not depend on what the company says.
a share of AAPL software is gradually shrinking. Now it is less than 18%.
I heard something like that too. While being on vacation this December I met on a beach a guy who works for BOFA trading department. I told him that I'm from Canada and he immediately adviced me to pay attention on BBRY. "We are serious about the company turning around". He did not provide any digits.
when KBIO rallied form almost zero to 40 I tried to short it. The broker refused my order saying this stock does not have a value. That is why I am going to short it I told them. Nope, they refused. I said okay, can I buy it instead? Of course you can, we will fill your buy order was a broker answer. I tried it with 3 other brokerages I have account with. All of them said the same: no short are allowed, buy at your own risk. As a result I stayed away from KBIO.
ITT is a top management that made a number of wrong moves. This is it. Teachers are good, students get whatever they deserve, etc.
Top management will be either exchanged or change a style of leading the school.
The WS magnified all the mistakes and misbehavior in a multiply manner. It was a well-organized attack on for profit schools, I remember how it was started and who did it. An underlying reason has nothing in common with reality. It could have been community colleges initiative because they totally lost a competition, it could have been something else involved. All in all a situation is getting better and a trend is gradually changing.
if you are option writer I understand your excitement. In all other examples I see no reason (besides fundamental one but who cares nowdays of fundamentals) to hit 34 or whatever price over 30 before Jan OE.
Low volume. Traders are on leave. It opens an opportunity to play on big swing. Shorts will use a chance to bring many stocks down including RLYP. As I stated earlier RLYP won't exceed 30 until Jan OE go away -too big Jan 30 call option open interest. An ideal price for option writers is 25 - both put and call writers will get their money. I put a big buy order at 25 on a top of my current RLYP long position.
small chance for BK but a share price can be dropped to 2.00-2.50 and swing in this range for a couple of years.
yes, because copper is still in downtrend and probably will lose 30-40% more. Not in January, rather later, say in March-April.