Here's the problem. They can keep opening up stores and keep showing growth. They aren't close to a saturation point. Funds buy growth even if its priced at unbelievably absurd levels. Analysts will pump this up yet put out beatable estimates.
Nonsense. Nothing has been decided until they release the data. Right now its really easy for shorts to try to run this thing down because they know there will be no information until fall. Seen this thing many a time. Let the stock fall and buy more lower if you believe in ARWR. That's what I am gonna do.
Congrats. I bought cheap calls too. But improving fundamentals isn't correct. The SINA portal side has been, well terrible. WB has been doing decent. The sum of the parts, yes, definitely undervalued, or at least was undervalued. I think we are getting close to where it should be assuming you don't add a premium. You have to allow room for liquidity risk and taxes since they can't just liquidate their holdings at the snap of a finger (absent a takeover) Still very strong volume so probably should remain long until it dries up. I flattened out. Cheap calls became deep calls so just wanted to cash out.
Just wanted to add, if you are long the common, watch the volume. If it starts to dry up, that's when you should probably get out.
I was long cheap call options and that worked but i am out now. Sina almost always trades under water. This is all BABA rumors (and momentum) which i believe is just rumors. BABA doesn't want SINA, they want WB. The SINA portal has gone backwards. Why isn't WB trending higher? Why would BABA add SINA when Ma said yesterday they aren't adding headcount this year. If it happens congrats to all those that held. I am neither long or short SINA, which is the first time in the past year. No opinion.
50%? More like 75 to 85% Most of those are going close to zero. $140's maybe have some value but not much.
Definitely. Stock is almost at where it closed now. At the money straddle was $7.20 front week and we got a $2 move. Gotta come big time.
It's all about expectations. Everybody was expecting a beat and that's what they got. Everybody was expecting additional billions in the capital program, and that's what they got. I am sure you weren't complaining when the stock has been running up from 400 presplit to now over 900 in anticipation of great earnings.
Anything front month, volatility-wise is going to get smacked. Earnings are out, and the event is over. That front week straddle was trading $7.20. The stock has barely moved after hours. That straddle comes in huge.
You aren't going to win that much. Stock has barely moved and those front month call volatility is going to get smacked. They closed at $5.10 today. Stock right now is $133.50. They won't move much at all and might even be down tomorrow.
You should have waited till after the fervor of earnings had died down. Right now volatility (imbeded premium in the options) is jacked. Volatility is going to get smacked now that earnings are out.
Buying eased in the afternoon and sellers took over. I think your narrative may be right. Will be interesting to see what happens going forward.
I wouldn't call it huge. All i see is buying. Every time somebody tries to knock down the stock it immediately pops back up. Headed above 14.
Well, if the stock opens here tomorrow, you probably aren't going to make much. Earnings are out, the event is over, the premium on the puts is going to collapse. You are gonna need a bigger move than 40 cents to make money.
And that's why you buy cheap options. Granted they almost expired worthless having closed at .13. Right now with stock at $37.35, those options are $2.33 to $2.77. Not too shabby.
Kinda misleading for Qihu. That earnings revision is all because of the lottery suspension. Take that out and QIHU earnings are firm with estimates. That lottery hit is already reflected in the stock. Stock building a base down here.
Doesn't have to go to 35. It could be up a buck tomorrow and those calls can move 30 cents. Just watching for now since this stock is so weak. But definitely looking for an entry. SOHU, WB and QIHU all bounced off their lows. SINA, different story so far. Lots of sellers.