I thought the shorts were betting that the company is a fraud. You're either right or not. How would you downgrade the stock versus waiting for the detailed information to be released? It will move dramtically in one direction when the findings are released.
The cost to borrow shares is over 10% interest. With short term traders holding on to a stock that moves sideways is more painful than watching paint dry. I would say short term covering due to high cost of borrowing. The stock also broke out of a flag formation, needs to hold above $13.49 tomorrow. Can trade as high as $14.75.
Does anyone know what the cost is to borrow shares to short? I would think that with the stock not moving that shorts will be forced to make a decision to cover and not pay a high borrowing cost.
Looks great for me since I wanted to pick up more shares.
True. But QIHU could offer to buy NQ. I wonder at what price it would have to offer. I think over $40.
I agree. I think that when the stock was trading at $26 the investors were thinking about 30% growth. Since they upped their guidance to 60% I think the stock is worth $40. Who knows where the top is, $100 doesn't sound unrealistic long term to me. At $100 we are talking about a company who has a market cap of $5.3 billion. But what if they have revenues of $3-4 billion and still growing. I think security for mobile phones is a huge opportunity and need.
with momentum stocks trending down they won't be the exception. I like NQ better given it's share price and potential. I'll probably get back into YELP if it can trade back into the low 50's or I'll wait a couple of weeks before next earning cycle.
Way to cap your returns. The momentum is changing and the stock is moving. Kind of like buying Netflix at $60 and selling at $70. I wouldn't tell that person good trade.
So they raised guidance 60% for next year and the stock is only up 5%. This is a steal at $14. Could be weeks or months but by next earnings date this stock will be higher than $25. Look at their products, people are going to buy the antivirus software for their phones, games, ect... I can see big corporations requiring it on their company devices. As soon as they get the code for the iPhone we should see big things. $60+ doesn't sound too crazy given the low market cap.
That's how they hook you. Look at Macy's and their daily (every day i get a coupon in the mail) biggest annual sale.
I don't mind naked shorting. I'll put in the limit a day before earnings. I like short squeezes.
Did you really go to two stores? Were they packed at the register because there was only 1 floor associate to help? They need to fix this. I went into the store to buy a gift card and had to wait in line for 20 minutes because they don't have enough help.
Might be worth $0.43 but I think it is worth $12. Sales are impoving and families are coming back. As long as the sales are good they will be able to bring their customers back.