No one could have possibly predicted this meteoric recovery of NFLX.
Few million in earnings above estimates results in over 3.5 billion increase in market capitalization. The earnings were exactly the same as last earnings at .13! How were the analysts deceived into expecting so much less for Q1? The last time Nflx traded at these levels, the price preceding the move were 1.26 before it crashed downward and .77 as it jettisoned upward prior -- when they were deriving the majority of the earnings from the now defunct mailing model. The last earnings was not spectacular. What new innovation on a par with blockbuster drug approval warrants this move?
Where is all this volume coming from?
What a great business model.
Go to bank borrow a billion
buy your own product.
after the stock runs up 70% pay back your loan
Might we be a tad overbought o is the valuation accurate?
It is true that Eddie Lambert might not be the life of the party this weekend having lost $23,000,000 since Sept, however the last time SHLD was at this price last January they had lower OBV, MFI and ACC/DIS on weekly. This indicates a severely oversold position and there are still plenty of holders to support prices
Q3 Beat by .02 and revenues missed .06 billion-- stock settles up 2.5% AH
Q2 missed by .03 and revenues beat by .05 billion-- stock moves up
Q1 beat by .04 and revenues beat by .04 billion-- two weeks later stock is down 5%
The stock closed in the upper half of the range which is positive, but it also did not shoot for the moon after the CC. It closed at just above value point of control around 30 where most of the trading took place in volume. I think many investors are skeptical and realize it is not Aetna's 5% but the Insurance Cos that follow which could cause an avalanche. With this heavy volume it means that this is not just the words of a crack pot short seller from Citron but investors are cautious. I'm out of this thing at a small loss.
The stock price is dropping. They needed to offer new info to refute what has hashed around inorder to pump the stock. The need a Steve Jobs
In 1998, when Left was 22 years old and just out of college, responding to an ad to “earn $100,000” he took his first job, working for the commodities trading firm Universal Commodity Corporation making cold calls. Several years later, the firm and a long list of its employees were sanctioned by the regulatory arm of the National Futures Association, barring them from the industry for three years after ruling that they had made false and misleading statements to cheat, defraud or deceive a customer. Left, who was already no longer selling investments, did not contest the civil sanctions.
In 2010, Left was briefly arrested in Florida in relation to a petty dispute with a drycleaner. The charges were subsequently dropped.
They see an IBD darling and have their fun. VWAP stands at 61.12 will come down to the IBD buy point a little under 58. POC is 62.89 with 358,000 shares traded.
The first minute bar was higher corresponding with the second highest volume of the day at 80,000 the highest came less than 10 minutes later dropping over 2 dollars from the high and it may have looked like an blowoff sale( bottoming tail) but the local took everyones lunch money as it was a fake out and was down the rest of the day. Closing almost at the lows at which point everyone was starting to abandon ship.
This can only suggest better earnings report. The street despite what anyone says is optimistic. Wisdom of the crowds
Also at the IBD buy point if it pops I will be in tomorrow.
I tried to reverse and go short and I got gapped down past my market order. I have never seen so many red 15 bars in my life.
The dividend has been blown out by todays loses.
hanging on for the dividend is like trying to flap your wings when your parachute fails
Dividends by themselves on a falling stock is not always a safety net. However when the payout ration is lower than 25%. This is a good sign and a safe bet that they wont cut it. This was brought out in the unbiased seeking alpha article on july 24:
High volume? What was this a institution dumping or settling accounts?
I picked up a bear call spread for a .90 credit today expires tomorrow.
Anything under 31.90 makes me money. I have .10 risk.
.90 reward risk .10 to make .90.
so please everyone sell this turkey