Hi Volume as a result of a short squeeze. When a stock rockets up such a high % with no news and a huge short float even a blind man can see the reason. WBMD has a history or poor management, entrenched with an arrogance that most ad buyers found distasteful. Their arrogance is the sole reason a company like EVDY even exists - they are just the WebMD alternative.
If they have won the new business the stock remains in the low $50's - because it is already very expensive. If they didnt win the new business, the stock goes back to the high $30's, where it would be more fairly valued. On no news, only a short squeeze on low volume drove up the stock. Earnings decide where it goes from there.
I have not very well swing trading WBMD up and down, up and down. But the difference between us, besides age, is that only one of us understands WBMD, its business, its competitors, etc. But please, more 500 word posts on the world of WBMD circa 2020....
I love your tactics of distraction. You say something that makes no sense, and then instead of backing it up by answering the question you choose to distract by calling names.
Look, I get it. You are an old dude who only understand the macro trend of healthcare benefitting from technology. Everyone understands that trend. But until you understand WBMD, and more importantly any of the potential "acquirers" that you mention I think the best you can do is stay quiet and continue to thank the heavens that this stock, on no news or fundamental changes to its business model, has run from $22 to $50. Leave the real thinking to others who understand it, and at a minimum can articulate it.
Oh, and for the record - GOOG does not own, nor has it ever owned, nor will it ever own content. For many, many, obvious reasons.
Wow - you have no idea how Google works, do you? How would WebMD be "easily integrated into Google"?
I think 100% of your never ending blather is based on nonsense.
Who cares what I am saying? This is a message board. Regardless, when asked to make a case for the stock being fairly valued at $50 you have nothing to say.....
I dont trade options, typically. But as you know there are no shares to get in order to short WBMD. Therefore puts are the only option. I have not ventured in that direction as I dont like the time value associated with options. So while I wait to get more shares to short I put my money to work elsewhere. CSLT and EVDY are easy targets for swing trading.
Meantime, WBMD better report a monster report of the air is gonna come all the way out of the bubble. At this point all the upside is baked in so all the opportunity is to the downside.
At least you consider my one liners to be snappy!
I guess you prefer I contribute unsolicited, nonsensical ramblings on the future of healthcare circa 2020 like our other friend?
Fact is nobody who is "active" on this board has ever made a clear and logical case to justify the price of WBMD. It is wildly overvalued, and I have made my case in clear and concise detail.
But to each, his own. My only regret is that I cant get shares to short - the rise in WBMD is only the result of a short squeeze. If you are really keen to play in health media, buy EVDY - at least they have upside.
As usual, none of these comments make sense. How about, instead of some Aesop's Fable-like post you actually make a comment on what matters - the numbers. The growth rate is awful and on any measure the stock is widely over valued. It is in a big bubble and eventually will burst - just like before. Good luck. And by god, take profits while you can.
I have been trying to short since $45 but cant get any shares. Obviously, it is a MUST short now - but Chuck cant get me shares. And I dont trade options.
The stock is beyond over valued and is simply gapping up on a short squeeze. If you dont take profits now you are a moron.
Take a look at a 6 month chart - the stock has tanked after the last two earnings calls - same will happen here. $40 again a month after earnings.
You just better hope that Marty doesnt croak before he can convince someone to buy this company - of course at current levels you will only attract tire kickers, if anyone at all.
Yes, Coke sells water - because bottled water is exactly the same as selling bottled soda. That is an awful analogy. Does Coke sell furniture? Of course not.
WebMD is a media company. They are not a technology company. Betting on WebMD vs. Google, Apple or even Samsung is foolish.
WebMD has audience only - but in health Google's audience is 10X and soon AAPL's will be too - after all, why save your health data at WebMD when you can just push a button to send it to the phone that is already in your pocket?