typical 50% retracement ...the stock is now reloaded for another strong rally..the good news is that expectations for earnings are quite low and will be a cinch to beat.
isn't that act a cause of dilution? it also must disrupt the supply and demand situation...aren't they adding shares to the market place it has to absorb?
There was a new article today generated by Seeking Alpha, discussing five value stocks that make up the "Dirt Cheap Value Portfolio". DMND is one them.
The stock got some decent press today from Seeking ALpha. The writer deemed the stock a component of the "dirt cheap value portfolio"
this one will recover quickly, after the initial selling dip from the downgrade. The stock should not fall farther than the low $500's during its ensuing profit taking correction.
I think it already came. Once the music stops, the momo speculators will all try exiting at the same time, and you know how that turns out.
the article makes no sense, it says GM will be selling the first Bi-fuel vehicle, but they have already been selling the Chevrolet "Leaf" sedan for several months. I am sure the news won't hurt, as the stock must of scared some shorts to cover in after hours. we could see a snap back to the $21 level.