Agreed.. I should have pulled the trigger on this in pre market. Hopefully we get some more turmoil in the Middle East.
Not surprised that it was an ETF. They just probably figured they can do better elsewhere in the next couple of quarters. Somebody else bought up those 6.65 M shares without us taking too much of a hit.
Yeah, that's when a lot of pre arranged trades will show up as the last sale. Still no news which is good.
It had to be a large fund with a pre arranged trade. No way they move through that much volume in that short of time without one.
And when oil finally starts heading North, it will be interesting to see how soon AXAS follows, because your right, a lot of the money will want to jump back into some of these high debt companies that have been slaughtered. Even though no one wants to see the demise of any of these drillers, the more ch. 11s that are filed in the next 3 to 4 months, the better AXAS looks to possible shareholders. We already know that there will be a great deal of consolidation.
Great company, but you're right, lousy price action. It has always been far too easy to manipulate.
Yeah, they must have figured that there is too much support in the high $2's to trash it like they normally do, so lets try the other way.
It doesn't work that way... This will be a slow bleed. Reminds me of the old LP siding days. ( a massive class action lawsuit! )
Sentiment: Strong Sell
No contractor is going to want to put down this flooring right now only to then rip it back up again 6 months later at his own cost. Why take the chance?... Of course there are a lot of crooked contractors, and most of them can barely speak a word of English, so LL may still get their business.
Sentiment: Strong Sell
Yeah, the timing on this stock has always been extremely unlucky over the last couple of years. Just when they get things turned around, then the ###t hits the fan. This will get back to 5 or 6 in the future, but it may take awhile. Once it gets there, that will be my last long term trade. I've been making too much money trading in and out of the big swings in other oil stocks. I see that trend continuing for quite some time.
No..... MMs will try to push this down in the next few days just like they usually do. Anybody that wants more cheap shares under $3.00 will probably get their chance.
Sentiment: Strong Buy
Well, the reaction today should have been a huge drop judging from the way the media was tearing up JCP's earnings last night.
More like an 80% cut. I think you have it backwards, and if that's the case then this thing is going to tank big time in the next few days. Anybody that bought this on Friday for the dividend got blindsided by these guys.
"Yes this is a gem and the balance sheet tells the story and the price to book tells the rest."
Agreed, but somebody sure has a clamp on this gem, while the rest of the sector is killing it. There's no reason why this should be like the old days and so easy to manipulate.