Options certainly drive the market for some stocks. A large number of options offered seems to be a roadblock to any advance in the underlying shares.
Great run? More like dead cat bounce. When the news is positive, it is an opportunity to sell at a somewhat higher price and that's what you did.
Yes, CLF beat the estimates by a bunch, but it isn't a clean number. I think the YOY change in cash position provides a better picture of the company's performance. Unfortunately, I didn't see that in the PR.
If CLF were two separate companies and someone proposed putting them together for cost efficiency, investors would probably be just as excited about the prospects. I'm not sure that the costs of a reorganization will be paid back in improved profitability.
Lots of posts today for a 2% gain. What's the excitement? Other biotechs are up considerably more on less volume and less chatter. Examples: GENE, CYTK, and ROSG.
You certainly called GENE right. I assume you have a bunch of shares. GENE up 50% and ROSG up a bit less.... 4%.
waiting, waiting, and waiting some more. Even though market and specifically biotech is up big in the last year, the ROSG shareholders haven't joined the party. 12's? That is a nice first step. I'm really waiting for 30's.
No, volume begets additional volume. Traders see an active market for shares and know it is relatively safe to short term trade the shares. I sincerely doubt that anyone is accumulating and building a bigger position.
You probably saw the article. Coal and other commodities have been going down steadily on the basis of expected slowing in China growth. This news should push prices higher, if China's economy really is the driver of commodity sales and pricing.
More important is their cash position and cash burn. They have enough to continue their phase 3 trials and obtain results without going to the secondary market. This is good.
Obviously no one knows. 13 million shares traded and we have a 7 cent gain. Even for a day trade, this hardly seems worth the effort.
Looking at the average volume, it seems that nobody really owns this stock for more than a couple of hours and often times, probably for not more than a couple of minutes. I understand the desire for a quick profit or cutting losses, but the major money is made on news.
If we have to get our energy from solar or wind, you're not going to be able to afford it. In fact, there won't be enough around to cover even 5% of our needs at virtually any price. You're right, coal plants are being shut down, but as our President suggested the objective is to increase the price of energy so that we use less of it. Not to worry though; I'm sure there will be subsidies for those who can't afford it.
Think so? Check the 10 calls. The Feb 10 bid is 15 cents and the Mar 10 bid is 60 cents. If this is going to explode, it must be a big secret.
Isn't it ironic that a company that depends on electricity to make its product work is up 3.6% today and a company that supplies some of the fuel to make that electricity is flat. That's today. The last year charts are even more divergent.