Looks like I struck nerve here. I am not a paid troll, I am short this baby. I am a trader. I am trying to assist the retail trader who usually loses money to follow the price action and volume to it's logical conclusion...LOWER
The goose is cooked, today was just part of the weak volume retracement before it heads back for the lows, LONGS, take your money out now or I will take it later...your choice.
Look back at my posts, I was dead on with the price BEFORE it opened after earnings, I said 11 and change and we hit a low of 11.38, I'm tellin ya, 9's are in the cards. no, the 7.51 low, that would really cause a lot of longs to mess their drawers. I give it 2 weeks, 7.51 test.
Oh, you can't find a chart of #$%$?!?!?! that is because it has been DELISTED! It even had "support" from legendary investor Jim Rogers, people were touting his name like pearls on a pig. This baby WREAKS, and the price action and volume are confirming this, pullback up here on low volume, whaddya think is going to happen next?
I'll give you 3 guesses and the first 2 don't count!
Maybe it's because THEY LOSE MONEY!!! half of that book value is sopped up by debt. That is probably where this is headed, 50% of book value.
Sentiment: Strong Sell
Either way, if your long prepare for a whoopin'! The street is absolutely decimating on earnings misses this season. Check out $NQ, completely hammered, and this is a very large miss. analyst or not, this company is bleeding cash hand over fist. AND they are essentially guiding the next year lower because tire prices can't go up to the consumer. Put a Fork in it, this baby's done!
This is factually inaccurate, not until the sale is completed do your shares get removed from the lending pool. so you should probably just sell, then and only then will they be removed from the lending pool.
Trap Schmap...next stop 11 dollars and change, just brke 14, this will be down 30% by end of day.
And you rode it all the way down from 22!?!?!?? you may have gotten in good avg 9.50, but you sure didn't know when to get out, hows that treatin ya now?
just keep holding to your "should be" and see where that gets ya! The price is where it is because someone with a whole lot more money than you decided to sell!
sellers are lining the hallways in the order book. No buyers in there, clear down to 15.00, nobody wants to get smacked in the face on the way down
This baby is ripe for tipping right off the edge... Straight shot to 11.25 after a brief stop at 13.80..Teehee
the panic is over, that was back in August(those were the rats telling you the ship was sinking), this is clearly a get out NOW if yo want any of your capital remaining the ship is seriously taking on water.
if AM Best Downgrades them (and it is almost a guarantee), it is game over, they will not be able to write any new business
Remember, nothing goes straight down...wash rinse REPEAT