Nothing interesting. It failed to break $16 resistance yet again so it touched it, briefly and weakly breached it, and then lost strength. We are range bound.
Given how the stock has lost 70% this year, I would say 2% is extremely disappointing
Were you born yesterday? Perception is very important in stock market because stock is about hopes and dreams. Clearly not justified because you said?
As an example, you still remember the dotcom bubble... I remember so many people stayed away because it was NOT justified.. but ironically, just when the bubble reached the very top, many people were in and said further rise were justified. I guess we all know how that turned out.
Ultimately, fundamental is important but is not the whole picture. Anyone who babbles away about the market is wrong and s/he is right will be bound to be disappointed.
And your example. Who was the real fool? The real fools were those who didn't react to the news as BBY started rising again. They could have made money buying at $13, $15, $18, $20, $25, etc.
Exactly my point. The current price range is justified. People saying it's not either can "predict" the news or just BS.
Yes, news changed everything. It was $12 for 8 weeks and then news changed everything.
More examples: Oil went up to $130 was justified, and then it came back down was also justified. Enron going down and down to 0 was justified. Lehman Brothers going to 0 was justified. Amazon went down to $5 as part of dot com bubble and then went up 130x in the next 15 years was justified as well.
You probably don't want to listen because you can't handle the truth because truth hurts, but someone has to give it to you. So here it is.
The fact that the stock continues to languish in the neighborhood of $14 to $15 means that the 75% haircut IS justified, or else the stock will be going up and up already!
SRPT recovered from its huge loss in a month, meanwhile ENDP is still languishing at the low end. Laugh, but it seems that SRPT was a better stock to own and all longs here were wrong.
Sounds like you need to read my whole message, which I will quote again for your benefit:
"although if you ask me, anyone who doesn't cover after a 50% plunge (from $26 to $15) is pretty much an idiot."
$16 seems to be the short term ceiling for now... not sure if it will get to $18. Also, if it takes
If they shorted at $29+ (before the plunge), there is no reason to cover, although if you ask me, anyone who doesn't cover after a 50% plunge (from $26 to $15) is pretty much an idiot. bulls make money, bears make money, pigs get slaughtered.