The stock actually broke down yesterday technically, and the move was exacerbated today by the broader market. I would wait until at least $60, because that's where it looks like it's headed. That's my plan to get in.
When oil was way down in December, every analyst and strategist said low oil is a "net positive" for the economy. So now that oil has recovered a lot over the past few months, you have the strategists cheering, saying today "the next move is to get crude over $65, so it will go even higher." Yet not one talking head has said with oil rising back up, the extra cash benefit at the pump no longer exists. Why do all strategists and others create their own self-fulfilling prophecies, and lie in the financial media to enhance their positions? The bottom line is they don't really care about the economy, they only care about their million dollar portfolios.
1. Lannett just participated in an analyst's conference, and apparently they did not raise or reaffirm their guidance, so that may have investors on edge.
2. More likely though in my opinion, I don't think the Sherman probe investigation is over, at least I haven't heard that it is, so apparently it's still ongoing. Markets never like uncertainty.
I don't understand this move at all, and I think there's collusion among the analysts and their clients. Of course the SEC ignores all this. Netflix missed their numbers by a lot, but the casino is still open, because apparently subscriber growth is worth a move of over 100 points in the stock price in the last 9 trading sessions.
So to your point, yes I'm thinking of going short here, because I think this will all end badly.
And in a market crash, like some are calling for, a stock like NFLX could fall 150-200 points.....Good luck.
Netflix did not discover a cure for all diseases! And now the analysts are calling for price targets like they did in 1999.....And all you have to do is miss your quarterly numbers by a lot, like Netflix did, and the stock goes up over 100 points in less than 2 weeks.....Anyone not taking a profit today is insane....No, I'm not short, just realistic.
To be honest, they need to be busy, to justify the $4B market cap with only about $400M in revenue, and without the growth to justify this valuation. However, although there's a lot of competition, I do like the space they're in. I don't have any position, but I was thinking of going long, but only if it returned to the low $50's.
So typical and predictable after a $53 move up in AH someone would come up with a post like yours. I'm not short, nor would I ever short Netflix.....It's just grossly overvalued like the rest of the market.
They need to let management do their job, and not come out publicly with what "they" think the company should do. So what if they own a lot of shares? If they don't like the way the company is run, why don't they sell their shares and move somewhere else?
Interesting that this analyst upgraded, or raised the price targets of other names, but downgraded WLL. All that, and yet the stock went up in early trading. Difficult market to trade.
Cramer is laughable....He was positive on the deal when it was announced, and now that it's dead, he says it didn't make sense. Your basic fair weather guy, he's never wrong.
And now, after the deal is over, Cramer comes out and says the deal didn't make any sense.....that after saying how great it would be for Intel.....what a moron.
And by the way...the SEC really does need to look into this....I mean, the Wall St. Journal and others, with their "sources" should not be allowed to spread very material rumors.....
Here's my theory....the big money, you know the arbitrage folks....they get screwed....so what they do, is create that illusion that ALTR is still in play, by buying the stocks and trying to get it back to where it was with the buyout rumor......Of course then they can sell out to the shorts and others, at higher prices. Ultimately though, I think this now goes back to the prior trading range, around $34-$35.
One more thing....I may be in the minority here, but I don't feel EMES competes directly with HCLP.....they overlap a bit, but I feel HCLP is a stronger business.
These are proactive moves by sand companies, just as the rig reductions are for the E&P companies. SLCA's stock price has recovered quite a bit since their last ER call. HCLP seems to be in a trading range. The market is waiting to see where oil prices are going. Many of the E&P companies (FANG, CRZO, NFX, etc.) have made dramatic recoveries in their stock prices as well, which tells me that demand is still strong, and they're managing their business well with hedges. HCLP pays a huge dividend, and I believe stock price appreciation will follow in time.