Definitely a trading stock, got in yesterday at 16.85, out today at 17.47, looking to trade again as soon as it drops.
Sure could not hold the $30 level. Some guys have been smoking that pipe too long, thinking $35 and $40. May hit $40, but by then most of us will be retired or dead. Been shaking out the weak hands for several days now, and still headed back down.
It was quite the nice and quick smack down to that almost $15 level. Yes, rebounded nicely, but sure is amazing to watch this stock and intra day movements.
The shorts are right. These idiots running this company do not know what they are doing. They are seriously overwhelmed. Buying a met coal producer when met coal was going down in price, then writing off 75% Of THAT purchase to make their debt to equity look like #$%$. And they just keep losing money.
Nice tank job today. Stock starts out positive then at 11:20am the manipulators started tanking the stock, Down to 14.65 very quickly. No news of any kind, it was simply time to sell and make money on the short side.
Just amazing what wall street does to a stock. NO bounce back whatsoever from yesterdays drubbing, a nice market up day and this POS still goes south. The numbers will probably be even worse than what they said yesterday. Nothing on the major media either on such terrible companies and stock plunges like this. Just another normal day in a screwed up financial world. I mean really, down 20% yesterday on 12 times it's normal volume, and here down another 3.5%. JUST NORMAL #$%$ on wall street.
Up today again, currently about 3% on the day. Watching closely, currently sitting at the days high. Have not sold yet, but starting to look like the momentum has slowed down for the day.
Lol,yeah that is the question. More of a trading stock for me, so if it gets above $15 today I may get out and book a quick profit. . I just do not want to hold too long, end of the month I think the earnings call is going to be kinda ugly. Should be a good stock for next year though.
Yeah, hard to imagine this stock going up in price when the overall market is headed in the other direction today. Must finally be bottoming out in price. Good for me as I got back in on Friday at 14.25. I wrote about a week ago that the entry price was looking compelling.
Any time a company withdraws guidance for the rest of the year, it is never a good sign. Only good news is it looks like they will be able to refi and pay off a bit of debt. Most likely going to be a brutal quarter or two. Although with these multi year lows in stock price, it may be a compelling buy here.
This is why most people believe the stock market is hugely manipulated and just a game for big money players. Imagine the couple of retail suckers who bought around $16 just 2 days ago. What a scam.