i would add if you're thinking of going long at this point your only hope is a short squeeze caused by some positive news event and the stock is looking washed out short term..based on fundamentals there are none.
with no real data to report...no earnings.. i'd say the stock price that was near 15 and now recent lows in the 4's suggests a very over inflated over hyped stock with excessive speculation.. nearly 30% short also suggests alarming pessimism.
95 -100 worst case 110-115 best case. If market continues to drop i would fade the rally and if it drops to 95 area and holds or begins to rally as the market drops Im long.
hang I know you're perceptive and always eloquent...but winner? Down almost 70% in a few weeks. Not exactly a winner in my book. Cheers.
some info..its holding barely.. just below the gap area from last year. the wash out to 4.60 or so did have a nice bottoming tail on the daily. it looks like sellers are getting washed out..If it gets engulfed look out. Don't let this get back down there or shorts will press it hard. Trying to be nice. gl
thanks cle..yes some have been talking about a capitulation low at 25..im not staying in over night for the most part..its a treacherous market..lol No one trusts anything right now thats my feeling anyway.
will this be hopes last post? now chardda231...I guess this person is trying to emulate success..they've been making hero trades since stock was 13. My guess it's now only odd lot trades?
so what would you like to hear on this board? people ducking in and out of differnts ids..acting like 12 year olds..no comment on that? ..ziop is down nearly 75% from highs...have any explanation for that? I'm sure it's all shorts? lol
oil looks like its trying to find a near term bottom?..nflx has been a good trader.. the selling seems to be reaching a climax? You can feel the fear..its definitely around. Im staying very hedged and trading in and out of short calls against long positions...mostly nflx
you're looking at old data for Juno and kite..nice try. Why do you think ziop has dropped so much?...it was way way overvalued and then nothing much to report....hammer time. The market is taking down all the speculative bio stuff...it's called a correction and the more overvalued hyped companies come down the hardest....emperor no clothes. Ziop now down almost 75% from highs.