you have no idea what gap means. For the time being there are gaps: 12, 22, 34 (approximate digits without decimals). This is it.
short interest is almost zero, was dropped dramatically. Normally it happens when the WS knows something very unusual should happen, e.g. buyout. Any idea why short interest is so low?
all the cloud around bondholders will "suddenly" disappear as soon as the stock jumps over 12-13. How long it will take and how fast it will jump nobody knows besides those who set computer programs for trading. Both OCN and ASPS are trading below any reasonable digits. It actually does not matter what earnings will be announced soon, all possible and impossible bad scenario is baked in to current $6.5. CA problem actually settled, bondholders are not idiots playing harsh games in a current situation. What we are watching now is short covering and share accumulation. Very tough price range, very tough trading when 10 shares are bought after 09 shares are sold short, etc. A downside risk almost does not exist while upside is 300%+.
right! As I stated many times 15-20 is the best valuation for NOW. In a case of market crash FB will be in there in a blink of an eye.
are you from the moon? If you set a sell order say for 75 valid both during day and PM/AH hours your shares will be sold for 75 any time between 8am and 8pm if ask hits 75.
I added a bit today for 6.66 making my average buy 6.5 sharp. A whole planned position is taken, all buys are done. I'm setting now 3 sell orders: 18, 22, 26. If all 3 orders are filled it is going to be 220%+ gain. Time frame is 6 months.
Also made the same move with ASPS though I still have enough dry powder to add should ASPS drops lower. A current ASPS average buy price is $21.44. I believe that ASPS in 20-22 is a better buy than OCN in 7 though you never know. Thoughts?
No hedge fund announces its intention in advance. In 100% of cases hedge fund takes position (short or long) and then reports what was done and why. Moreover, this announcement follows after fund takes a decision to change a direction i.e. when you announce you are short on XYZ stock it means in reality that you already want to cover or started to cover or covered mostly and want to went long. Blue Mountain therefore is already covering. or mostly covered.
On a separate note let me tell you guys: OCN and ASPS lost 85% from their 1 year recent tops. In terms of fundamentals nothing changed from those times when ASPS was 160 and OCN 60. The market moved them dramatically down on an expectation of failure. since this is not a case the stocks will come back. May be they start to grow not immediately, may be in a month or 3 months but it will happen for sure and as always in a very brutal manner. You've seen recently 50% daily swings, you will see even bigger gains. ASPS can hit 40 within 1 day, or may be even between sessions.
though it is not final and license will be restored a current share price still too low for earnings coming from existing customers.
Cooperman is insider. when he bought for 40+ he clearly knew a value and potential. And he beleived that 40 is cheap enough. Today the stock is sitting on 22.
20-25 is super great deal with 100-150% upside within a brief time frame
25-35 excellent deal
35-45 good buy
50-60 right current value taking into account all the hurdles.
60+ overpriced under current conditions.
1. earnings are going to be in a range of 1.40-1.45.
2. guidance will be a bit soft but a current share price reflects much worse situation.
3. shorts are not own this stock, they are playing it.
4. Insiders actually buy the stock, not sell (provide info about insider selling in a current price range)
short interest as of 2 weeks ago will be issued tonight. Even though it can be higher than in previous 2 weeks a current SI is already went down (you will learn it in 2 weeks when the stock probably doubles).
First buy was on Friday a bit below 6.00 today a bit below 7.00. Average now 6.46. Target 22-23. Let's take a look a look what happened to bring the stock from 60 to 6. I do not see a serious reason for 90% drop. As soon as hedge fund covers the stock will fly. Volume is huge.
fxcm will be played in a wide %% range between 2 and 3 for some time. The more you expect a current 2.40-2.50 is a bargain price the more you will suffer. It is more or less obvious that this stock is the most dangerous in terms of trading while buy and hold say for 3-4 months is probably will be rewarded with 30-40% gain. No way the stock reaches 5-6 near time (unless a buyout happens). I will buy the stock for trading if it drops below 2.10-2.20 and sell when it exceeds 2.60-3.00.