I guess this is why it's up today? A little annoyed --bought a few weeks ago at 17.45, then it went up to $18 a day or two later. Gave up on the damn thing after it tanked last week and sold yesterday. So actually more than annoyed.
Okay, this probably explains why the stock was down today---even Friday, as this stuff always leaks out -- not only the write & friends, but the people at the publication. Hopefully now that this is out of the way, we can see it resume upward (the opposite situation of "sell the news").
Thanks. You are probably right--the trend has definitely been up over the past week. I keep waiting for one of those huge days were it runs for a full point at a time like it used to do in the early fall. This thing can really have some great squeeze action at times. The good news is that the Dow is down for the 5th consecutive day. One of these days the overall market will rebound and then this should really take off.
Huge spike up early (to 4.47) on huge volume. Now all the way back down to 4.14. What has changed in the last hour to warrant this big selloff? And why did it spike up so much on heavy volume? (didn't see any news here on Yahoo)
Call me crazy, but me thinks this is a terrbile spot to throw in the towel if you are long. Keep in mind that CALL has not participated in the huge Nasdaq rally as of yet---there are not a lot of good values out there anymore. Not a lot of risk here if market does sell off, and this is one of the few bargains still around. As I mentioned, this was $19 as recently as May .
Strange, because I thought the earnings were real good. Two quarters ago, the stock was trading at $19 and then reported lousy earnings. Thought we finally got to where they expected CALL to be back in May. This makes no sense to me. Is it just shorts manipulating it or longs growing impatient?
What's interesting is that if you took a a conservative view of this, and thought there was only a 50/50 chance of this happening (even though the odds could in reality be much higher), wouldn't shorts have to cover just to play it safe? I'm sure a buyout would be well north of $20, considering it was trading at $29 just a few months ago--could a short even take that chance of being completely wiped out? Thoughts?
So, assumming all this comes to fruition, I am guessing there will be a huge pop after the 7th milestone, correct? I am already in now, but wondering if I should get ahead of the curve and buy more before the masses starting coming in (and covering next month).
Same here--it makes today (and the rest of the week) fun---just gonna enjoy the ride, with no stress right now about "should I sell".
I can't post the link as Yahoo will auto-delete, but if you want to see for yourself, just go to StockchartsDOTcom and select the P&F as the chart type ( in upper right corner). The short-term technical target is $18.
New SA article ---says company is worth $50 right now (conservatively).
Funny you say that. Not sure if I will wait that long (don't necessarily disagree with you though) but this baby has an easy 3-4 pts in it for just the short term alone! (haven't sold one single share as of yet---just look at the damn chart!!)
Okay thanks, got it now. The cool thing is that it is like found money, as I can sell the STXSR right out of my account online . No rush though---I'm sure the stock will be back over $5 before the 21st (at some point).
It's similar to May where the articles (daily) were the driving force. At this point the hedge fund people are just aimlessly shorting at will. It's not explainable (selloff certainly not warranted, but stops are getting taken out---a bit of a domino effect).
Ameritrade put the same number of rights in my account as I have shares--possibly they screwed up? If each right can buy you a share for $3---it has to be dollar for dollar, doesn't it? What am I missing here?
As someone else pointed out, they are like options. So once the stock gets over $4---it's dollar for dollar. All we need to do is get STXS back to $5 (even briefly) to sell the rights at over $1 a share profit (probably about $1.50 profit, as rights were valued at .25 each this morning pre-open). Some of you big hedge funds need to work at that!
Never go by pre-market. It'll close over $18--the cc was just fine. The key was the big order they got yesterday. The cc was irrelevant after that.