They kept guidance in line. Even with this huge beat. They play the expectation game really well. I bet analysts up the estimates anyway.
Sounds like you already had a few hits. They missed and guided lower. Just like thetadecay said. This one is going to test the recent low of 180 and I'm betting down to 175 or so with a chance for the bottom to drop out to 150
OK. Thanks. I was expecting them to release a good before the CC so analysts could ask informed questions. At least 30mins prior?
I'm short with puts and worried about the Chinese government intervening too. But, BIDU really shouldn't do that for future $billions of reasons. If BIDU wants to be successful long term they have to instill confidence first in their accounting. If they cook the books then they are opening themselves up for countless lawsuits and legal problems. They are listed on our market exchange and if they get crooked cause of their government then all Chinese stocks will find it difficult to raise money here.
I'm looking for a 140 open. that's the target of the confirmed head and shoulder formation.
Wong dude. It was an increase of 36% not 36% short. It was last recorded as 1.9%. See key statistics here.
Looking back at the chart it was way over sold at the 180 level. If the markets don't completely tank then you might get a rally back over 190 but I would then go short again around 200
A move under 190 is not good technically. You now have a new low after a lower high set a couple of weeks ago. A head and shoulders was confirmed a couple of months ago so you might want to let that play out before investing new money. I have a target of 155.
They were waiting for you to get out, or so it seems... lol
Been there done that. Don't take it personal. #$%$ happens.
This is not a short squeeze. The shorts have been out for a long time. This is a recovery in an old company that has improving fundamentals. Intrinsic value of this company is much higher assuming earnings and the balance sheet continues to improve. With the US auto market improving, gas and rubber prices down, GT is set up for several quarters of improvement. The charts look like a move to 39 or so is in the cards.
I wonder when Florida Rock will pay off as an investment for VMC? Nice to see these major road projects but how is the housing market there?
Did you hang in there? I'm holding Jan 32's and it looks like we are getting a break out. We still need a hard break over 30 and close there.