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.
For long term investors: Would still wait for a better entry point just above $20 here. The stock needs a breather to consolidate its latest gains. Valuation is also an issue with the company's pe above BABA and even VIPS.
would expect shares to take a huge hit this morning as catalysts are gone for now and the conference call clearly fails to inspire. Would revisit the shares in the low 20s perhaps.
are you joking - the only difference between GAAP and Non-GAAP in the case of JMEI is the share based compensation which is reconciled at the bottom of the press release.
So the GAAP number would be roughly one cent lower