Here is what caused the big drop.
Dorman reported results have 'sizeable subjectivity,' says B. Riley
After conducting channel checks, B. Riley says it uncovered a little known program carried out by Dorman, in which the company ships new products and line updates to warehouse distributors, but the warehouse distributors do not explicitly order the products and are typically given the right to return unlimited amounts of the products for one year, according to the firm. B. Riley believes that the challenges associated with estimating returns from such a program are considerable, and make the company's reported results significantly subjective. B. Riley reiterates a Sell rating on the stock.
Heard that folks could get off on the 36th floor. Lawyer's floor for folks interested in getting some money back.
Poor joke for longs.
Riley comes out and says that they are cooking the books. Trend down continues with no response from Dorman's.
Called the big money give away at Dorman's. The elevator didn't stop at the bottom floor. Feel bad for share owners of this company. It is a company that is making money yet the share holders getting slaughtered by wall street.
What stock are you looking at? It was April fools for all the folks that bought then. The shorts have won big time from 60.71 to 39.27 in less than 6 months.
The CFO sells 20.000 shares and that is why the stock is down. He still has nearly 663,000 left. They sell shares to buy some luxuries. Wall street uses what ever they can to make money manipulating stocks. No shares myself yet as I am waiting to see when the downtrend ends in MU. Still appears they may take it lower.
We have had a long bull market. Now they are starting to short more strong good companies. This is often the precursor to the elevator beginning to drop at a faster speed. A 10% drop in the last six days with no negative news on MU is a significant drop. This is not retail investors doing this. For myself I will remain in cash. Not liking what I am seeing in China, Scotland, Europe, Russia, Middle East and North America.
Yet they took VTR down more than HCN. When easy money to be made wall street is there. I was just following what they were doing. Another example of doing what the market is doing not what you think it should do.
May everyone have a great week-end.
Six time as many puts as longs on the option market trades. I think this is what they call putting it to you when they gang up on the longs.
When they decide to take VTR down it just keeps falling. If you look at charts of VTR when it goes down it goes down for the whole day. There does not seem to be any big buyers to stop it. Already down 4% today. This sector is considered to be where you should be putting you money. Folks that are long VTR have already lost a bundle this week and it is still falling.
Definitely not too healthy with market still near all time highs.
So many experts that are sharing totally opposite FACTS. All the secrecy leads to a lot of anxiety and for some a loss of a lot of money or a gain of much. Me thinks the retailers are the losers reacting after the fact while the big money sends out the rumours after they are set up.
It misses on revenues and has a P/E of 207. Goodness this should be down 10 points. Another overpriced stock that the little folks will end up losing a bundle.