This is what I'm thinking. CEO will be pressured, in case CASA loses, to make major change and improve shareholders value.
Hard to say this is gong to last. Last week the stock made nice gains, only to lose it the this week. I lost couple hundreds bucks.
It's true that the "actual" impact of the deal won't be felt anytime soon. But, the impact on shorts, those betting on further dilution or even BK, should be felt right away. Thus major short covering should start anytime. IMO
I don't know why $18 is the key test. But, if you look at the daily chart you will see the falling trend-line from last Oct that started at $29 is pretty close to be taken-out at $16.5. We came pretty close today to test that line at $16.46, we fell back. We will see on Thursday.
The stock consolidated for about three weeks around $5.5. It's tough to sell at this time when the stock was getting ready to make 30%-40% gain.
This is normal as the stock is breaking out of its three-year long downtrend, and making new 52-week high. This is pretty bullish. I'm looking for the uptrend to continue in the coming months.
The overall trend (one year period) shows steep decline in short interest. In fact, the number before the latest one shows lowest volume in 10 months. This is very good sign. This reminds me of BBRY, which has been showing pretty nice gins accordingly. Looking for the same pattern here. Gold prices trade above all major moving averages, which is bullish. IMO
EXK is a very good stock to own. The CEO works hard for shareholders. Just look at the production numbers. It's pretty amazing. That's why shorts don't' take ANY chance of playing with this stock:)))
It would have been the case if there wasn't that big drop early in they day. the stock dripped some 30 cents in minutes. Looking for a close above $11.5, consolidation for a few days before the push to new 52-week high.
NEW YORK (TheStreet) -- As Chinese e-commerce giant Alibaba moves forward with an initial public offering, the company said on Thursday it will list its shares on the New York Stock Exchange (NYX) under ticker "BABA." Alibaba disclosed the exchange selection and ticker in an amended S-1 filing with the Securities and Exchange Commission.
Alibaba's decision to list on the NYSE is a huge coup for the exchange and could generate significant fee-related revenue. While the size, price and timing of Alibaba's IPO haven't yet been disclosed, the offering is widely expected to be the biggest in U.S. history. The firm could also receive a valuation in excess of U.S. e-commerce pioneer Amazon (AMZN).
Traditionally, tech companies including Amazon have listed their shares on Nasdaq (NDAQ). However, in recent years many prominent tech-related IPOs have chosen the NYSE. While Facebook listed its shares on Nasdaq, Twitter listed its shares on the NYSE.
Earlier in June, Alibaba disclosed new information about its partnership and board of directors. The firm disclosed the names 27 partners who are able to nominate a majority of director appointments to the company's board. Alibaba also disclosed its board of directors, which will be comprised of a majority of outside directors.
One little-reported element of Alibaba's partnership structure is its gender diversity. A third of Alibaba's partners are female, TheStreet first reported, perhaps, showing inclusiveness that would compare favorably to the company's Silicon Valley competitors.
Alibaba's partnership was also the impetus for the company's decision to move forward with a share offering in the U.S. and ultimately with the NYSE.
Partnership Drives U.S. Listing
Alibaba decided to list its shares in the U.S. because of a spat the company had with Hong Kong regulators, who would not allow the company to list its shares with a special partnership structure. Both the NYSE a
Go to YouTube, type CEO Chen, then in the Filter box select "This week" as it will lists latest videos first. Very nice interview and the guy looks confidence as ever! Yahoo won't allow me to post a link to YouTube.
There is an article on SA out on Friday. The title is "BlackBerry Continues To Be Our Turnaround Stock For 2014". It talks about the turnaround BBRY stock is going through. It is pretty informative one.
Heck, 11 years ago BBRY was $2 stock, only to see $146 fours years later. I'm keeping an eye on the weekly chart and the pivotal point $10. this is where the trend-line from 2009. It the stock can take it out, then I think we are looking at a very good run leading up to next ER in the Fall. The thing about BBRY now is the CHANGE in fundamentals.
Canada doesn't count for much of BBRY stock transaction. Daily volume is no more than 5MM-7MM shares. Compare this to NASDAQ, where daily volume is 10 times.
Markets are always future-looking. 2 more quarters mean present for the market.
All cloud computing stocks trade at $30 and higher. And get this. Most haven't made profit in years. Conservatively speaking, BBRY should be $20.