I'm gone. The charts set up a dark cloud pattern today, so I jumped ship @11.44. So much for that green day I was looking for, tired of waiting for this thing to come around. I can think of 100 better places to stash my money. GLTA
It took us a little over a month, but we're back above (barely) the 50-day MA. Great momentum today, and it was nice to see sellers shake out from 1:30 - 2:10 without ruining a nice day. Looking forward to a nice day in the green tomorrow (barring some outside pressure from Fed news or something of that nature).
I am long. Bought in @11.24, stop loss currently @11.17.
Sentiment: Strong Buy
Stop loss at 25.85. We'll see how this plays out. This was off 30% in the last 6 weeks and it created a bullish engulfing pattern on 7/18. Good to see it was in oversold territory so I bought in. Technically speaking, there isn't any resistance until 29.00. We'll see how quickly we get there.
Read the conference call transcript. They stated MULTIPLE TIMES that they're expecting continued hardships in Q3. The story isn't going to get any better unless there's a buyout on the horizon.
That's what I posted earlier about the support level at $3.60. I agree. You guys must have been following this stock for a long time for this conference call to be "good news". I'd hate to know what you guys experienced in previous quarters that made this call positive.
Sounds like every time they say "expense", they talk about an increase. Every "income" or "revenue" statement is followed by "decline". I really wanted this stock to do well and it saddens me to hear they don't have many positive talking points. Lots of projects being deferred. Sounds like they're kicking the can down the road...nothing to see here folks, move along.
"Eventual" may come some day. I'm interested in making money now. I'll come back if these guys get promising in the near future.
I got out at $3.905, but I'm cheering for the longs here. Looks like you've found some support at the $3.60 mark should the CEO trip over his words today.
As I mentioned before, I had a stop loss at $3.90. Just got out at $3.905 average. Sorry for the rest of you guys. I'll hand over a couple of hundred dollars and walk away. At least I'm not still in the boat watching it fall through 3.65 now.....now 3.60.....wow, this went bad fast.
I would agree. I still believe our opening price is going to determine our day's outcome today. The question is how low will we go before the bell rings?
Back out all the negative aspects of a quarterly report and every company would come up smelling like roses. Take the numbers for what they are and act accordingly.
I'm going out on a limb, and everyone is more than welcome to tell me I was wrong in hindsight. If we open at or below 3.93 today, then we won't see a figure that high for the remainder of the day. Ultimately, we'd close in a "hanging man" candle with a red body. If the open price can stay within a 3.94 - 4.04 window, then the CEO's remarks will completely determine today's outcome. If we can open above 4.04, then we're in for a big upside today (greater than 5%).
There's my shot in the dark, we'll see how it plays out. GLTA
You shouldn't have to "back" anything out. Good companies can beat estimates without having to manipulate their figures. Don't get me wrong...I'm hoping the price goes sky high today, but signs are pointing towards a rough day. Many people scrambling trying to find positive information in an otherwise lackluster quarterly report.
BTW, I'm hoping the price goes up. I'm not bashing you trying to create negativity. Just frustrated that everyone can't seem to get their story straight.
Yours is now the 4th different earnings figure I've encountered this morning. All in all, seems like no one knows how to interpret this report. Or someone does, and everyone else has their own spin on things..."backing things out" or as I like to call it, manipulating the numbers.