That type off short interest does nothing but indicate how convinced professional traders are that this company is going under. When you are short at 2 you have to be pretty certain it's going well below 1 or you would close the trade. Retail investors rarely short heavily this short position is no doubt being maintained bysome hedge funds . They will not get squeezed and if they evenly remotely thought that was possible they would be out of the trade. Sorry longs but the huge short interest just confirms what I've been saying for months. This is going to Zero
I always enjoy reading how there is some conspiracy going on whenever a stock moves in the opposite direction to which people are holding their positions. Is it possible that there is no conspiracy to destroy PWE and that the company is just a horrible company.
I'm still here and I'm still short. And no the fact that the stock has had this impressive run of how much- 20 cents has not deterred me from keeping my short position. I did applaud the company's decision to cut its dividend and 2015 cap ex. But just compare this stock to for example pgh and its move recently. You'll see just how poorly pwe is doing which is a direct reflection of the quality of its management.. I still don't see this company surviving. The numbers never lie.
Ge is not going down because of oil.. its been dropping consistently for the last 5 months even before oil imploded. its going down because JI is a horrible CEO who has now destroyed this once great enterprise. He takes home 10s of millions every year for being incompetent and shareholders pay the price
Where are all you guys coming up with the "big" growth projections. I don't see anything that will drive them to big growth. JI is a #$%$ poor CEO.
Why would you say that. This stock has been going down for the last 5 months. 30% off its yearly high. Everytime JI opens his mouth and says anything the stock plunges. Not a good quality to have in your CEO. I don't see 20 as a barrier. The company has virtually no growth in revenues, no growth in earnings. It's a 8- 10X multiple stock. Earnings are expected to be be 1.75 next year. That makes this stock worth 15 to 17 dollars. I think that is where you will see it in 2015
Nicely done. with the dividend cut and capx reduction . It's what the market has been waiting for. Note that I posted many many days ago that they needed to do this and were irresponsible for not doing so. Finally they did it. Perhaps some light at the end of the tunnel for you longs
I coldnt agree more. This is one of the worst performing stocks in the SP. He always talks big but none of the deals he ever does work out as well as he says. It's horrible being a shareholder of this company. It's even more preplexing that the Board just sits by and does nothing. This is down now close to 30% from its 52 weekk high and continually dropping. It's earnings and sales growth are anemic or negative. It' s just another horribly run company that gets by on its share size
Petty bad sign for your CEO
Your point is a good one. Im lookging at some of these now to go long. Pgh I like down 3% today compared to PWE's 10%. (PWE is always the leader in terms of losses). They are hedged next year to some extent. This is keep the decreases in check but could limit the upside. Nevertheless I do like what I see there. Couple others also
I;ve been trading a long long time and I can only thing of 1 or 2 other stocks that have had similar tradnig patterns. This is probably down 50 out of the last 60 trading days with accellerating losses each day. 5% 10% 15% losses daily. And yet longs say "still performiing excellently" . It's a very interesting dynamic
Looks like a good investement so far yes /sarcasam. This only thing good is that management didn;t listen to the nut jobs who said when the stock was at 5 that they needed a "massive buyback". Talk about throwing money away
Can't make any money. big exposire to collapsing oil still has 1/2 trilion in #$%$ mortgages on its books. Twice rejected 52 week high. Watch out below. Fall will be fast and swift
Worst of Breed. Other oils holding up. Terrible management. Terrible lalance sheet, terrible future plan. All lead up to Terrible Trading results. Everyone here who thinks this new management is the greatest better look again at the performance of this stock since they took over. The companies is ALMOST GONE well done indieed