Actually, captjohnnken is correct.
This drop wasn't from mom and pop selling. It was definetly a big fund getting out of their position. You can see it from watching the tape (Level II). Every tiny uptick is met with a big block of selling, it's been happening for the past 3 days like clock work. Today was the first day it eased a bit but you can still see the sell orders and I think today was just more people buying the oversoldness than anything else.
It's just going to take time and we'll have to wait until their finished selling out. Stock is definelty ceap and oversold, like a coiled spring. I'm not sure how many shorts are really left in the stock, if they're still holding on now after the drop this has had in the past week then they're just being greedy or stupid...or both.
All in my opinion
I'll tell ya what suks....I'm long 3 stocks today that went down 14%...8% and 9% and I'm short 2 stocks that went up 3% and 1.5%
So don't feel too bad. I could have swung a dead cat at any stock to short and I pick 2 that go up and go long 3 stocks that got destoyed
I'm thinking an earnings warning too...or some bad news.
Volume and selling like this doesn't come without a catch, this isn't mom and pop selling
Been a while since I've seen a stock this oversold....GIMO sort of got triple whammied no? Pre-announced and the stock go crushed....then...the 3-4 days afterwards the market turned sour and crushed it some more, it got caught in the market sink hole. Cooler heads should prevail but it is a little odd that GIMO can't find any bids on a day like today (even though this is a dead cat bounce in the markets, volume is terrible for a 1% up move in the markets).
Not sure what it's going to take to get this to move higher
More stealth shorting last 5 minutes..30k short shares went off. We'll close the gap at 7.33 tomorrow on the 1 minute chart.
Someone is playing with this stock in a big way. In a market like this I doubt it's bullish action to the upside..
Just my opinion
Actually yes, according to todays trading I do look like an expert.
Instead of being blinded by the love of a stock, maybe you should open your ears and listen instead of making wise comments.
I told you yesterday someone was shorting this heavy, and they were. As a result the stock got crushed. It's since recovered a bit but someone is shorting again at 7.50 with a huge block order disguised as 100 share lot.
You can thank me later....VTNR is priced for perfection right now and it's because of this that shorts will be all over this thing, alot of folks sitting on profits..
The upgrade was alreadt priced in to the stock, which is why it went down today.
Not sure if you noticed but lately alot of stocks that have run up pretty good have also been getting hit and sold off once an upgrade comes out. Its a sell the news type situation and I've noticed it's been hjappening alot.
THere was also a very aggressive short on the ask most of the afternoon, he was just layering the ask with big 5k and 10k lots and moving them down on every tick....it was actually pretty impressive. I'd expect more weakness in the AM tomorrow and then who knows what happens. If this market doesn't hold up VTNEr could see low 7.00's. Ive also noticed it's acted weak the last two trading sessions....which means the buyers are drying up and the stock is exhausted, needs to pull back and consolidate a bit before it tries to move higher.
Kinda knew that was going to happen. I sold everything but 5k shares at $7.68, I had no choice, I was looking at a huge gain and I knew from experience this run up wouldn't hold.....and I was correct.
No idea why this stock is hated so bad but it just is. Its ridiculous how this got sold off from beautiful earnings...unreal
Way ahead of you, I managed to get a short off at 11.76...
Broadcasting TV is a joke for an investment. TV is dead much like broadcast radio and the yellow pages, it's a no brainer. I'm quite content holding a short position in this stock for a while
I have over 22k shares, it's way more than I usually hold on any one position....I made an exception and get big because I knew their earnings were going to be a blowout
I've been saying for a while now (not on this board) that people were idiots to sell CPSS so hard over the past month. All you had to do was look at the big automakers and how well their sales have been....it was a no brainer cpss was making money off the uptick in auto sales. Guess most people haven't figured out how to buy stocks based on other stocks'/companies performance.
This one was staring everyone in the face and people just sold this into the ground for the past 3 weeks. I'm loaded to the hilt with shares and I'm going to start trimming my position above $7.80
Trading in this today didn't make any sense. I'm sure it'll run to $25 tomorrow in premarket on no news....Wall Street is a weird place.
Feel bad for the sucker buying this premarket this morning at $10 and $11 dollars. I was able to get a small short order fill at $10 and $9.25. Run up makes no sense...that's not to say they can't run it up even more but it'll come to its senses sooner or later, I can wait
I'll point you to the article on the front page of yahoo titled "momentum names may see more pain"...
No clue why this is trading at this level but during the course of the next week mr market will expose all those companies' whose stock has run up for no good reason. This stock is a momentum joke, I'd rather go long with PLUG than this thing (DISCLOSURE:I'm short PLUG).
See you Monday. The markets are coming down hard and this stock will follow
It is a bargain, it's just more than the analysts expected, which is why this is a perfect buy the news, it was already priced in yesterday but....this is Wall Street. I don't mind waiting a bit for the enviable bounce, shorts are getting their chance to cover today....from 27 bucks to 19.50.... That's a pretty insane profit for shorts they'd be moronic not to cover at least half their positions
Auto makers had huge month, sales skyrocketing....yet cpss, a lender for vehicles, is barely moving.
Someone will catch on sooner or later, until then either sit on your hands and trade something more exciting, or build a position. Under 7 is just ridiculous for this stock
What's this "we" stuff? You're short, not long, there is no "we" for you. You jump on stocks short that have run up and then constantly post/bash until you cover. I've seen you appear on three different MB's over the past 2weeks bashing after you short. You usually stick around for a day or so then you move on. Last time I saw you was on the JVA board and you lost money. Don't sit here and pretend like you have it all figured out, you don't. Why don't you quietly short a stock like real traders, you really think you can move a stock by bashing it on a MB?
You're a clown.