I also like its business. It's a great one. Internet with airlines, huge market share but the price action on this stock is horrible. Went thru all its earnings call for last 2 quarters, I see nothing negative (except its eps). That's pretty expected for a growing company. Perhaps difficult to place a value on this because of this situation. Back in Nov-Dec, some analyst feel this should be 10x sales. I was only expecting 6x sales.
Now, it is trading like 4x sales (too low).
Don't understand why them bashers keep bashing it when they KNOW FOR A FACT,
that JASO is already reverse trend and moving up.
It's already gained 23% from the lows this month.
What more do you want?
Even ROME isn't build on one day. Give it time, it is trending up now.
I think those bashers should just SELL now and go away.
Here's another thing I notice.
On your chart, just put it on 15m interval. Add in the 50ema (expo.moving average).
When the stock price is about 2 std deviation from it (above it), you sell (it happens last Friday around 22.50) and when the stock price is about 2 std deviation below it (yesterday - around 19.35) you buy. When it's around the middle... do nothing (about right now: 20.80).
But, if it tries to fill that gap to 20.. just BUY it.
It's a fast one.. but this is what I noticed on its pattern .
On the daily...longer term investors are waiting for break out ABOVE 22.50, stop is around 18.50.
After market closed, the exchanges re-balances itself. You may see a trade down or up depending on where the prices were moving. it's not actual trade. Just re-balancing. Same thing happened the prior day, and the day before...
Hi there.. I'm holding since early 2012. You need to spread out your BUYs a bit, FCX during tough times can be volatile.
Increased my buys when it get to 26-28 last year. I do nothing here at 30-32 level. Sell when it is around 36-37.
When the div yield gets to 4%. Just close your eyes and BUY and HOLD.
How your comments so stupid? How can people talk using their iPhone when there is no cell service when in flight? No voip allowed either. People use GOGO because of data (web browsing,text chat) and sooner or later - video streaming.
Well, actually, it was even higher..probably $2bln back in Oct when EVERYBODY was thinking AA is already here (are they crazy?)... they got major disappointment when FDA says "premature". That haircut from $35 to $12 was deep.
Anyway, I think SRPT will just trade around here between $20 and $27 until we hear more news. I will be surprise if SRPT falls below $20 again because it will be as if no phase2b data. But, one never know because of computer trading.. it could fall into oversold condition and it will be a good time to pick up some for longs.
SRPT completed Phase 2 last year
SPRT completed Phase 2b recently on Jan 15th.
Phase 3 hasn't started but SRPT needs to prepare data and submit to FDA on how to proceed.
FDA hasn't says YES to AA. But, they did say it is premature for SRPT to proceed with AA request at this time.
Basically no news since Jan 15th. Stock gaps up on Jan 16th because everybody was anticipating and excited about prospect on AA again.. which FDA already stated "premature" last year.
Now, JMP downgrades SRPT today because they think the rally to $29 was unjustified..
JMP are crooks.. they saw the decline and took the opportunity to downgrade.
Just follow Anthony Chase (insider), BUYS and SELLs. Initially, I thought he's a bag holder but when he triples his buy at $13 when the stock tanks, he came out ahead now.
On Jan 6th (just last Monday), Citigroup downgrades SRPT from Neutral to SELL.
Why does Citigroup do that if SRPT data has always been good?
Afterall, the 6 mins tests even after the phase2 tests have always been positive.
Why FDA does not believe SRPT should be allowed AA?
Ok, they got phase2b study good results but why FDA still insist on Phase3 with bigger samples?
You were saying??? Anyway, everyone was waiting for that pull back buy at $9 and we got it yesterday.
Loaded up and sell into the pop for nice profits.
So, MM can try to peg to $9 instead of $10 by Friday?