It wasn't me. Still believe in the company and will hold for long term. In fact I am even more of a believer of this as an American company that I want to support.
Not only to the companies get punished if they do not take advantage of the tax rewards overseas, the stock holders get punished also,
Yes there is no way this company is worth 34.75. The American way has become that one does not need to make money. Someone else will provide it for you and you spend it.
Down again to a couple of cents from another 52 week low on less than 10000 shares. The only buyers will be shorts covering for a bit. When they pull the bids there are no buyers.
It is still overpriced at 46.89. They take stocks up way too far then get others to buy.They sell to the others and short. This stock has a PE of 70 and has no earnings growth. It is not AMZN. That does not mean that they won't bounce it here but it is still overpriced.
I do think that this has been short selling for the most part that has tanked this stock. I for one did short because of the way that the bid and ask played out it looked like there were few real buyers so they had little difficulty taking it down. From a fundamental standpoint there is no way this stock should be down this much. Of course wall street says one thing and does another so I try to follow what they are doing not what they say. Sometimes it is congruent and other times it is contrarian. They do not always lie. I am now looking at a long play for a trade in this stock. Dorm is supposed to be paving the way with an "A grade" in the auto parts sector yet they have it trading at continued new 52 week lows. I will not go long until it is finished making lower lows and lower highs. It is very oversold but these jokers can make it a lot more oversold if they decide. GL
It is 11:05 AM Monday morning and the market is down. Gap up this morning that was shorted more in some situations and sold more in others. Be careful in your investing. I admit that I am not investing in this market.
Day trading or short term. GLTA however you are trading.
Continues to make lower highs and lower lows. Heavy selling volume nearly everyday. Buyers are company executives that are getting stock for 6 or 7 dollars a share and of course can sell for a huge gain. Of course while typing it hit another 52 week low. AS soon as Forbes said it was oversold it was time to short more. And it has went down considerably more. Very tough on longs as it is looking like a 2008 stock when DORM has never had this big of a sell off. In 2008 DORM went up but now wall street is making lots shorting it. It will turn back up someday. The question is will it be 42, 40, 35 or what. Has to be very painful for longs who thought this company might see a little pullback but nothing like this. Again, doing what the big boys are doing is far more important than doing what you think a stock should do. I admit I covered Friday and I thought it might go up today. An example of how you can get in trouble. On my watch list for a long or a short now.
The speed of the fall is going to pick up. Do think a lot of big money is set up short in a lot of stocks. Not necessarily stocks that will pull the DOW or NASDAQ down a lot.
When the brokerages are short they even take down the good stocks. Even though the market mremain remains high there are a lot of stocks that are making new 52 week lows every day and the same stocks making another new 52 week low the next day.