It is rather bad for what reasons I don't know. The company kept guidance but it was spun as if it were "light". I don't buy that. With how other cyber security stocks are trading, I'm shocked that this one trades so low as the others PE ratios are much higher and most are losing money. I wouldn't be surprised if PANW or another one came in and bought VDSI.
Sentiment: Strong Buy
Only problem is COP is not moving along with the price of oil. I'm not sure why but Chevron and Exxon were higher today. My January Call options are getting crushed.
I couldn't agree more. Oil was up 3%+ and this along with other oil stock were down or relatively flat. I can't figure out why this closed down so much today and cannot hold any gains. I doubt it is the Poland news. However, it does look like the chart is setting up for a turn to the upside according to the MACD. We will see and I hope it does as I have long call options on this one (January $65).
Market was down and this was up! Looking the chart, the MACD line crossed over the signal line which typically means a move north. This would be assuming there is no negative news released. I bought some $210 short term calls on this indicator yesterday.
That no one is mentioning that the CEO has sold about 350,000 this year alone. This doesn't count the other insiders that have sold shares this year as well.To me, it would seem they would sell shares after their earnings release if they felt it was going to be a good report.
Not sure, but we were in Lowes today and wondering why CREE only sells in Home Depot? It seems like they are pigeonholing themselves. Also, we drove by a new Walgreens and looked at all the Cree bulbs being used to light up the inside of the store. I still feel like that news went unnoticed.
I have a feeling that some great news gets released Monday morning. Market was weak Friday but Apple seemed rather strong. I bought a bunch of $101 weeklys just in case.
That was probably the dumbing thing an "analyst" could say. Apple obsolete in 3 years...the company generates almost $40 billion every 3 months with an extremely loyal following. I think there is more to come than just a new Iphone and watch. I think we see a surprise product/announcement in a month.
Looks like Piper Jaffray agrees with your sentiment as they announced today that the downward decline in Conn's is "unwarranted" and they reiterate their "overweight" rating with a $59 price target
If you look at the trades that went off around 12:43 EST today, you will see some major purchases went through. The price went up over $1 however it came back down. Go to nasdaq's website and view the trades from 12:30-1 and look around 12:43 and you'll see what I'm talking about. Some look like 100 share blocks but if you look at the time, to the second, you'll see about 30, 100 share blocks were bought. This is just one example. I would say about 100k shares were bought in that quick surge in price.
Was anyone watching the live ticker when this happened? I happen to catch it and my TD app was showing the bid/ask flying all over the place. Hang in there as CONN has been beaten down on other retailer's news. Nothing bad from CONN yet to warrant the big drop.
Also, 42% of the float is short. I think we could see a big squeeze on any sort of positive news from the company. It would be great if they came out and reiterated the current quarter's estimates.
I just looked and 42% of the shares are short right now. Wow! It explains the the downturn and I think a short squeeze may be inevitable. Especially, if they give mid-quarter numbers.
Sentiment: Strong Buy
Looking at HD's website, I searched LED lights and Cree is the first to pull up and it didn't say anything about being "overstocked" like other LED bulbs do on the website. AND why are people not paying attention to the Walgreens partnership!? Cree will be supplying their lighting on all new stores and I bet will be replacing old lighting in the older stores with LED lighting.