There is a reason. It didn't meet expectations & there was at least one downgrade. The good thing is because of the over reaction, there is a good buy opportunity if you want it. Chris is right about the lack of institutional ownership.
His latest about selling LINE is ridiculous. Why sell an item paying you around 10% & that is pretty much a safe thing? There is however, nothing wrong with his saying to buy Kinder Morgan. He has flipped his stance on LINE a few times. Seems like he can't figure out if he wants the income or the profit from flipping.
Bail? No way. I bought yesterday & will again if it drops enough today. This is a $38 stock!
Best buy going today. I just bought some @29.82. That buy upsets my balance a little but I couldn't resist it at this price.
Sentiment: Strong Buy
Actually, any increase over yesterday's close is bullish. This means the drop has stopped, unlike last year when any not favorable new resulted in a sustained drop. The mindset is much more favorable.
I wasn't going to buy anymore because it would unbalance my portfolio, but I may not be able to resist below $31. To many people don't have enough patience. This is a very good buy right now.
The thumbs down is because this board is for financial NOT political discussions. I may agree with the content posted, but it doesn't belong here.
There is no large spike in trades today, so I doubt that there is any concentrated effort by shorts to influence share price. I believe some owners are afraid of the earnings report coming Thursday. I'm not.
If you think you're going to owe money, make sure you put it in a savings account, so you can use all that interest to help you pay your taxes.