This is traditional. For the last few years oil prices have fallen until Nov. then peak in June. Watch what Buffet and the tutes do soon. It will be public. The math doesn't add up for one. Barrel prices fall 2% and E & P companies fall 5-6% in the same day? This is a 7B company with a qtr rev growth yoy of 25%. The world didn't just quit using oil and they aren't making any more of it. Yes, the sky is falling but I'm buying some clouds pretty quick.
Sentiment: Strong Buy
Although I lost quite a bit having 60% of my IRA in it, I got out at 13 and am so very thankful for that. I just feel bad for those that lost it all or the really big chunk. Dem and other contraries presented the flip side but weren't received as sincere. As for the gloating, unfeeling shorts, they will theirs when the time comes and I will silently bemoan their loss.
I used to think bears were crazy to short such fundamentally sound stocks with the tenacity they do. But it's totally sound strategy since they double their profits on the round trip. It's just too bad that I'm limited on the one way with my IRA and can't hedge with covered calls. BTW Bought more at 35.17 today with the thought that the train has run out of track.
Smart money always flows in around the low 80's (Buffet for one). It's one of the freebie market givens. GLTL
Sentiment: Strong Buy
Today's drop is most likely due to the WSJ article about railroads and oil firms fighting new federal rules about the new safety mandates for railcars that are supposed to take place within 2 years which is not feasible. So the shorts do what they do best and give the all out and I thank them for it. Nothing wrong other than the overall market malaise. I've not added to my TRN stake in quite some time but couldn't resist this morning at the 9% drop. GLTA
Sentiment: Strong Buy
Gford you're right - c2r really needs help. They will have to pay people to be his pallbearers. Couldn't have friends with an attitude like that.
The good - 6 out of 7 beats (other was a meet) while consistently topping EPS. Low debt, double digit growth. The bad and ugly - high short interest but that's not supposed to matter.
Even more than it has at 5% per day? If you ask me the bad news is baked in. On another note, does anyone think the gap between Friday's 34.91 and 36 will be filled on Monday?
Is a baseless claim from a Bloomberg article from a professional whistleblower. Total BS. Second re-trial will most likely end like the first for the Virginia compay trying to revive his biz.
So, does TG get by with it? After all he is the one that reiterated guidance several times with the normal disclaimers. He had to have known that things were going badly all the times he avowed guidance. Everyone bashes Matt and all the others that were in the dark due to the Apple secrecy but it's a publicly traded company for crying out loud. The one thing I can see coming out of this is that the SEC or courts come out with a GTAT rule where info has to be divulged. It's not intellectual property.
How in the world do you know this isn't just another wall street witch hunt? It's almost like blaming the Highway department for a drunk driving the wrong way at this point until the whole story is told. Especially when you have a competitor who stands to gain everything on the deal. Sounds to me like you sold and went short.
You don't see any analyst downgrades do you? I feel for those that got shook out today on their stops. The new low today should stand for quite a while. IMO
I think those are month old stats. It will be way higher now. There's a web site called shortanalytics that gives a daily count and would be 38% for 11/28, 41% - 11/26, and 45% - 11/25.
You are exactly right. I don't know why everyone is so twisted on the day's drop. All analysts help clients get in on a security after having missed a good run by hitting the reset button. It is strictly a Wall Street buy in tactic. They upgrade a stock after a big run and downgrade after the downfall a lot of times to save face and this is simply the good cop/bad cop routine - another of the many WS games people take too seriously. It might be obvious that I sold a week ago and bought in again today. GLTA
A personal observation is that some brokerage has to play the bad guy when the BIO ships sail too fast. Case in point - GILD which is in a breakout has a boat anchor thrown out on a regular basis. So, what should have driven the SGEN price up on recent news is so predictable in the downward movement that I didn't add on the first move down but today. GLTA