Actually you make some good points. You are proud of your achievements, not things you can't control in life.
I'm not sure how that equates to a 7% drop in stock price. If the company saw lower oil headwinds, they would have warned going forward. Where would they be trading if they missed, and guided lower?
No, but it reflects how everyone views the Apple CEO. Trust me, no one cares about his sexuality, and I don't understand why he had to tell the world when it's no one else's business. Is he that insecure?
Since when is it so important for ANYONE to admit their sexuality, which is absolutely no one's business? Being liberal is one thing, but having absolutely no values is another.
I'm proud to be heterosexual. I don't get making formal announcements like this about your sexuality. It's no one's business.
The price of oil at this level is not problematic for US Silica, otherwise how can they justify this huge demand and guide even higher? I read in some oil companies' press release that they're not cutting back on production. That seems to be the industry consensus.
Oh, and then there's this.....Just out in a Bloomberg article, saying many are calling for $100 oil again in the future, as the demand will increase. Just Google "$100 oil, Bloomberg article."
There are a few small blocks on the ask on Level II in AH, 1,000-4,000 range, and I think that's probably the market maker trying to maintain liquidity in this high beta stock, given the low liquidity in AH. It could also be the shorts doing Custer's last stand, because I really think they will be pummeled tomorrow. I may add to their misery and add more in AH......
So is the street asleep? Is it possible the street is this wrong? They battered this stock with oil, yet the demand for this company is still there. My question is, where is everyone? Why isn't it up $3-$4 at least in AH?
So if it's that good, and apparently it is, why isn't it roaring higher in after hours? Also, they guided to the high end of their previous range. This should be up close to $10, on just a short squeeze.
This is definitely an accumulation pattern right now, in my opinion. The Bollinger bands are extremely tight right now, and there are fake quotes on the ask on Level II. I know I'm accumulating.
Apparently the feeling isn't mutual. There's way too much of a legal overhang on this stock. This company is not about an earnings report, it's about their reputation.
Thanks for playing.....
Every public company files an appeal, it's routine in the legal profession. But the accusation of unsafe guardrails, corroborated by specific evidence, is serious business, and could have a broad effect on their macro reputation. The stock could trade to $39 ish, but I don't see it going much over that level, until what may be a protracted legal overhang is lifted.
In their earnings release, they make no mention whatsoever of the court case, the fraud accusation, or the fact that they stopped shipping unsafe guardrails. If they were completely transparent, they would say "our future earnings may be affected by the legal overhang and related headwinds. I'm out.
The stock ran from $18 to about $42 in two weeks. The stock has to consolidate, or back and fill, inorder to move higher. Roche has a bid under this stock right now. If everyone would start thinking about a longer time frame rather than day to day, you might make some money. It's the old expression, "know (understand) what you own." This is not meant to scare traders, but technically it's possible (not probable) that the stock could move into the $32 ish range, before heading higher again. If you can't stand the heat, then get out of the kitchen.