Gave up on GILD about a week ago. This company seems to be cursed with one hurdle after another and can't seem to shake off numerous questions that keep getting placed around it. Once it's gotten past the ABBV question, rest assured another question will pop up and then another and then yet another. It's always something with this stock and that's why I chucked it. The daily ups and downs became all too familiar and frustrating. If you've got the stomach for it and can sit around waiting endlessly like some here, go for it. I felt 3 months of back and forth in a narrow trading range was quite enough for me.
People who refer to themselves in the third person are usually locked up in a mental institution. Placed on "disregard".
BTW, Marco Polo chatter is mixed. Some calling it a disappointment while others are pleased. Today's dumping may be a reflection of that. There is no conclusive proof a man by the name of Marco Polo ever even existed much less did what the legends propound but much interest over the years keeps the character alive. Kind of like Robin Hood or King Arthur - legends that refuse to die.
If it breaches that level again, sub 300 is imminent.
Which insiders are selling? Yahoo's insider trading is not active on DRYS page so I have to wonder how you got this info. As for them needing money badly, that is indicative of the whole shipping sector where the BDI is pitifully low ORIG has enough contracts active and their backlog is strong so it's their ace in the hole while the stagnant BDI runs its course.
No other news forthcoming either by the newswires or the company yet it took a pounding. Maybe some institutions finally threw in the towel. If history means anything, this thing can shoot back up very suddenly and swiftly just like it did going down and we'll be scratching our heads again wondering what it was all about.
Hope so because you don't want to be under a buck for long - it puts you in Nasdaq purgatory and that's a bad place to be. OTC listings is the next step and that's a baggie's hell on earth. Been there and done that with other stocks that have fallen out of bed.
hundredth of a cent. At that rate, if it continues long enough, we may be stuck at around 90 cents for a very long time since it would take gazillions of shares to move it up or down. Ridiculous pricing but maybe there's method behind the madness or Nasdaq trading rules have caused this to happen.
You weren't scammed. Admit it. You made an overzealous trade that went very badly so now your mission is to badmouth and discredit the firm around the clock. Anybody with half a brain knows that DRYS has been on shaky ground for years and trading in their stock has been highly speculative. Take your lumps and move on. If you do, you can drop the "boy" in your username and become a man again.
There's no support in this area because it's the first time in its history to have hit this level. Yep, the breakdown is confirmed but your reasoning needs work.
A lot of kids in the sandbox picked up their marbles and went home in this final hour of the week which isn't particularly different than most Friday (or any other day) trading.
Come on longs and shorts alike. Let's hear your pearls of wisdom.
Volume is unremarkable and very average which leads me to believe that this move up doesn't have a huge ground of support yet. GILD has to keep proving to the world that it's sitting on a mountain of future earnings. Other more popular stocks seem to bounce strongly on far less credentials than GILD. Not fair but then again life isn't always fair.
Crude down about 1% while ORIG down over 5% which might explain why DRYS took a big hit in the last hour or so. ORIG now at a 52 wk low and has been taken out to the woodshed just like DRYS also at a 52 wk low..
Granted, we've had a sudden downturn but without a very large volume increase so the jury is still out on what it all means. Time will tell us all what is up if anything.
One moment you're up and the next moment you're down. You really have to get back on your meds to handle your bipolar disorder. You;ve once again joined the ranks of the Chicken Littles.
The machinations of the stock market never cease to amaze me. If I could see and know all the internal shenanigans within the markets, I'd probably cash in all my account and look for some other kind of investment tool. The shock and awe would be great, no doubt.
With a second or two of trading left, I saw 100.88 for a fleeting moment only to drop at the close to 100.66. I'd really love to know who specifically is behind all the continuous resistance we've witnessed for weeks. They obviously have big bucks and are heavily committed to keeping the share price down. But to what end - friendly or malicious? If a merger or takeover was in the works, wouldn't they be trying to keep the price down?