45% short interest, it's bound to happen.
Once it started bouncing off 50-52 level couple times last few days you know the short covering is coming.
I sold my shares this morning at 78 then heard on the radio about the news, 19 billion deal so that should translate to about 93/share
what gives ?
This is a deal that WDC has to make if they want to stay relevant because flash is displacing magnetic drives the same way as CD did cassette tape.
Not quite, pump & dump is usually used with worthless pink slip stocks, this company is real, it's just a matter of too much too fast.
You guys are pretty naive, this can't come as surprise, no stock goes straight up, momentum traders ride it all the way up and get out leaving amateur investors holding the bag, been there, done that, learned my lesson.
It will rebound to probably near 100 then drop again then rebound some and drop some more until it hits 75ish, I will be a buyer at 60-65.
I'm not short on this stock or any stock right now, wish I had the gut to short it though.
Wow, shorts are working hard.
"Basket of Wings (very tiny meatless) and a coke with tax and tip COST $22.83"
Lol, liar, I've been there a couple times during lunch, a basket of wings (probably 8 or 10) and a Coke is about 11-12 before tax.
Been to both places, wingstop is more like a cheap fast food place, limited menu, no TVs, people just eat and run, Buffalo is a sport bar, people come to Buffalo to watch sports and for the atmostphere, the longer they watch the more they drink & eat the more money the restaurant makes, I learned about this on Restaurant Rescue show.
This has been a major resistance for SPLK but it will break sooner rather than later, both DATA and QLIK shot up right after earning in April so I don't expect anything different for SPLK.
This company like the majority of companies that sell gear oversea has been hurt by the strong us dollar,