Should see follow-through this morning. Remember, there was a hugh short position before yesterdays
fall, the shorts piled on to bring us to below $25.00, any move above $28.00 can reverse that trend.
The time to short was above $30.00
Stupid firms "Now Downgrade" Where were they $15 points higher.
Stock will rebound strong
4th Quarter Revenue Increased 61%, Earnings Improved from a Net Loss of $(3.1) Million to Net Income of $3.6 Million, Adjusted EBITDA Increased 168%
Full Year Revenue Increased 52%, Net Income Increased 440%, Adjusted EBITDA Increased 170%
Selling way over done, I love when stock like these take a beating, I buy & then write the out of the money calls. In this case outright buying them is also a score.
Problem is the price is too low for funds to buy, we need a rally to the mid-$2's.
They should have reverse split 6 months ago.
CAR & PMC both got killed and rallied back 60-70% of their loss in a few days.
The best way to play this is to buy the near the money calls or buy the stock and write the out of the money $18 calls. Specialist are sleeping- hurry
Good for a 30% gain- The selling is way over done
Analyst Anjaneya Singh maintained an Outperform rating for the company, with a price target of $44. He expects a “rather negative reaction” to the company’s 4Q15 update, mainly on account of the top-end of FY16 EBITDA and EPS guidance missing consensus expectations.
Singh said the most surprising aspect was the weak volume guidance of merely 2-4 percent in the Americas, despite relatively easy comps. He added, “While weaker commercial volume trends have been the "norm" for the past few quarters, the outlook seems a bit weak even taking that into account.”
Deutsche Bank’s Chris Woronka maintained a Buy rating for the company, with a price target of $48.
No way this should have goon down that much.
Time to buy is a day or so after the bloodbath.
Buy the call options for the biggest buck$$$$$$$$
Still a good long term play but in the short term we will suffer.
Writing covered calls have been the winning play for the past year.
Does not matter is you are long or short, S&P downgrades FCX after a 75% fall (No #$%$)
Then after going up 100% from a low of $3.80- to almost $8.00 some say buy!
Now after falling from a near term high, Citi says sell.
Bottom line they know nothing, buy long term if you must but cover your #$%$.
Covered calls are a great way. Or just drink