Kevin O'Leary is a total fraud. His own fund lost big time. He is a big mouth talker. A little like Jungle Jim Cramer
the tonic water salesman.
What kind of credibility does that organization have? The company misses it's revenue expectations while still losing money big time. Now they want to sell more shares to dilute the company even more while the share holders hold the lid to the toilet for them. Sorry for the longs that will permit this kind of abuse and to top it all off you will be the folks held accountable. This really smells.
My math leaves no question to the validity. If you owned CMTL yesterday, You are down another 14.2% from how much you were down before if you are long the stock. Great telecommunications to the share holders.
Dilution is correct. Folks been saying this selling is overdone and it keeps falling. These analysts must get paid to pump this stock. Management has done a horrendous job yet they continue to cash big pay cheques.
Mike, they are not buying. They are coming out sharing that as a result of going down some more that WNR is a better bargain today than it was yesterday and a week ago. They are not telling you to buy.
That was a very nice wiggle or what ever you call that move yesterday. Everybody and their brother knew what Yellen was going to do. So they take the refiners up rather significantly only to take them back down after she shares the expected remarks. Will admit I was thinking of making a long trade if WNR went above 20 this morning with a stop at 19.90. With it down approaching 5% today no longer interested. Will keep it on watch list. Do not know where it gets any weights to build itself up. Sorry that you are long from higher prices.
WNR is going to go lower via the weakness in the stock again today. June is looking like another poor month for refiners of which WNR is the 90 pound weakling. It is being bullied rather painfully. From 50 to 18 and still falling does not make a happy father's day if you own it. It was higher than this in 2011.
The lowered spreads resulting in lower margins is definitely having an impact on the refiners. Despite the rhetoric about summer driving pushing up the price of refiners, June is usually a poor month for their stock price.
The spreads are getting lower so you can anticipate the stock to move down. Option puts are increasing so wall street is telling you they are going to take it lower. Stock markets topping out. Fed is running out of ways to prop up the market. Correction is coming and wall street will be shorting big time.
Appears it may be rolling over again. Will have to see. Has been in a nice downtrend since March. Continues to make lower highs and lower lows. They gave it a little pop yesterday early then it continued back down. Consumer stocks still taken it on the chin.