the company looks like a massive rip-off for outside shareholders with BIDU using the company to generate billions of cash
The company is burning cash like hell to acquire market share. Costs are projected to explode going forward. Sell
The stock is down because most metrics went in the wrong direction. Gross margins look poor, backlog is down significantly, order intake was weak and cash flow was a mess. Given that the stock was trading close to 52-week-highs going into the report today's small haircut looks pretty gently. Avoid.
didn't play out as expected so far - but the stock looks vulnerable when looking at the mediocre volume and the rather poor advance despite a great day for the indices and a reassuring conference call. Would still expect this to end firmly in the red. Added more to the short.
investors might be even more concerned than before after the call and I would expect the shares to test the $20 mark shortly after the market opens this morning. Ugly setup.
momentum traders getting absolutely killed - stock virtually doubled within 8 weeks which of course was unsustainable
FXCM is essentially buying the customers from Citi for a rather small amount, otherwise the purchase price would have been disclosed. But this is not a material transaction as the transaction volume of Citi's clients is obviously a tiny fraction (around 8%) of the retail volume currently generated by FXCM clients.
which I am taking as a chance to short the stock third time. Upgrades when the stock is already stuck in a sell-off do only have very limited temporary effect. Full position, looking for the shares to break $25 again
covered $25.01 for the second load. Fantastic. No further action here. Expect the shares to remain under heavy pressure for a few more days.