Lol This is dropping without any support all day so too hard to call the floor here. Investors who have the stomach to absorb further losses and wait it out may take a crack but I'm not day trading this today.
I hope longs get their $ back given my history. I got in a bit too early and didn't take profit to see this plummet over 50% so decided to get out before it hit $52. If my earlier prediction come true this may hit $55-$60 tomorrow and now I've sold it's definitely a possibility. Maybe some shorts are getting burned now.
So are you saying just because a stock dropped that much it will stop dropping despite bad news? I was just comparing the two reports and find it funny that GPRO traded all day with strength with such damning estimates while this drops (now 50%) on a slight miss? This one is expensive so hard to say how much it's worth but on this report it's not even warranted to drop greater than 25%. I'm thinking weak longs being played and this should get back to $55-60 in a week or so.
If you are buying thinking there's no debt you better think again and do your dd. I don't think the info on Yahoo reflect the financing they did to acquire Kremers so there's definitely debt.
Yeah can't find relevant information on Yahoo anymore these days!
It's probably showing the balance sheet before the acquisition. Guess it's been a disaster since as the stock was trading much higher than current level beforehand.
Market bringing down everything now. Stocks usually go up after I sell them and I've got rid of all my shares of ALKS already.
We all know where this is heading now I"ve got rid of my shares at $35.75 for 50 cents gain. After waiting all day to fill out my order at $36.3 I decided not to hold over the weekend and in like seconds this jumped over $36 lol!
I doubt oil would even get below $15 a barrel but does it even matter? This stock was $140 late 2014? Either this is going down with the rest of the oil stocks EXXI, SDRL etc. or buy of the century like banks were back in 2008-9. Problem is people thought the same when this was $50, $40, $30, $20, $10 and now $2 and government ain't bailing this out like they did to the banks.
Anyone know if there's specific news to cause this 30% dive? This was up after earnings so I am just wondering if there's more news than just reversing on earnings. Seems kind of steep for a 30% turnaround.
Man just when you think they have to just deal with current troubles at hand, defending their business model and restoring lost revenues this comes out. You would think Ackman better have them checked out thoroughly before doubling down but...
I'm not sure doubling up vrx ownership via short term options signal more of desperate attempts and blind conviction since Ackman himself do not know when the shares will recover. He's limited to $75 million loss by selling the options (if the price stays range bound) but it's still $75 million more than what he's already losing. If he really had doubled down and firmly believes that VRX will rebound eventually then it's a better bet with his price averaging lowered down to probably closer to $130-$150. Those call options come with hefty premium and VRX would've need to get to $110+ come Jan for his bets to payoff or jump quickly short term for him to sell those options.
This company was winding down its operations and then stock just got manipulated by a notorious individual that bought half the company shares. What company development was worth this going to $10 let alone $40? Why do you need an analyst to tell you that even going to $4 at 100% was nonsense?
Now it's all about who just added a stake to certain stocks. KBIO a failing business popped 1000% today just because an individual purchased 1+ million shares of a worthless company lol.
Simply bouncing from the low's.
This would be at $150+ if there was credible source of a takeover...