Just read a different report and it shares that they are lowering guidance for the full year. Now it all depends on how wall street is positioned.
It looks more like the SODA play today. They beat on revenues and earnings. So the same stores comparison not as high as analysts they were still higher. It is near the 52 week low. The company is reaffirming 2014 earnings. I think things get better for the company.
Company misses by a penny and the wall street shorts take mega shares shorts. This is why I do not trade low volume stocks. They will take your home, car and family if you let them. Hope this comes back for you.
The company is doing well. The difficulty will be the market. When the big brokers go short they take nearly everything down because much of the buying is them covering some of their shorts to provide a market. We have not seen a correction yet. I have been watching DORM this morning. They are still making all kinds of money also, yet it made a new 52 week low. Granted it doesn't trade the shares that CMI does so it is easier for the big money to move down. Hope CMI moves back up for you.
The trend has changed for CMI. Now making lower lows and lower highs. Looking for lower prices. Now 142+.
This company can fall a long way. When analysts raising price targets and stock continues to fall you know their actions are the opposite to their talk. GLTA!
Shorted at 50 last night. Thinking there will be a bunch of profit taking and shorting. Analysts usually right on when they upgrade after the fact. A little over 3 months ago FB beat by much more and had all kinds of upgrades. Yet those upgrades were shorted. The big money decides so we will see what they do.
Stock price not CMI's big concern. Business, contracts and execution are the important issues. Stock price will look after itself. I would not accelerate buyback now. Stock could go much lower. Buy back then.
Beginning to see a little more serious selling in this market. Watching to see if MU breaks thru the bottom of channel. Market weak and getting weaker. MU is making mega bucks yet the big money players can decide to make it on the short side for a trade in MU also. Waiting to see what happens. GLTA
Maybe Mr. Einhorn and Mr. Cramer are selling their shares as they are telling us to buy. May be in a trading range for awhile or maybe there is going to be dump. Most of the folks that were going to buy MU have bought so it could be a great time to short. Looking that way today. Tomorrow it could look like a buy. Tricky trading so be careful.
Now they are even taking it lower. This market is beginning to look like they may give it a little flush. All the talking heads saying buy while they are selling and shorting. We will see. It does take a little while before they have it set up.
This market is looking like a correction is setting up. Market not really moving that much. Appears that a lot of big money is shorting a lot of stocks getting ready to pull the bids creating a drop in the market. Stocks that are beating their earnings are being sold off. In the last few years after beating they have continued even higher.
Of course they may wait until next year before they actually pull the plug and just be setting it up now.