Value, It looks like they're day trading it, scalping $50 here and there. Today whenever it drops 10-20 cents, they run it back up. I also believe the MM's are trying to collect shares. There's .15-.20 spread on the quotes, so it's profitable for them. Keep in mind, WDAY is in a protracted downtrend....Of course that doesn't mean it can't go counter trend on us, but I'd add to my position if it did.
As for CRM, if the chart is correct, it will fall post earnings. Earnings are a tough trade, as you know. But I'll stay short WDAY through earnings, as I think most of the downside is yet to come, and that goes for the broader market as well.
"3 billion in revenue might give a 13 billion market cap." Right now sales are $450 Million.....WDAY is way ahead of itself......Do you think maybe the street is waiting to see CRM's earnings next Tues. before a substantial sell off happens?
I don't know if this is options related or what, I do know a company with $450M in revenue does not deserve a market cap of $13B....Not even close.
and no earnings, has a market cap over $13 Billion. On the weekly chart, there's support around $50, where it probably should be trading. While I'm typing, someone just sold their shares to a guy who was bidding the stock up to $71 in after hours.....Brave soul.... I'd say any strength in the morning should be sold, or sold short....Just my opinion.
I've said on this thread for years that the Fed is in a box. They have no more tools to play with. If they stop the tapering, then they concede we're heading for a possible recession. If they continue the taper, the stock market will fall anyway.
Bear market here we come.
There's nothing wrong with these results. The market is heading towards a correction mode, and is taking everything along the way. It's called the baby with the bathwater. NLNK should recover.
And now in English, for the rest of the board, if this company met their primary endpoints in Phase III, this stock will head back to the $50's in a hurry.
Wall street may finally be waking up and realizing that gravity effects stocks after awhile. I think the entire market is in for a substantial correction.
The market is down over 50 points, and this dog is DOWN 3%. Unless there's a geopolitical catalyst, this thing will bleed back to the $30's again....It's not worth holding.
the street would agree at this point, as the chart has recovered rather well. I'm in.....
It's called taking a profit, from $41 last week to $27, and I'd do it again. You'll always leave something on the table, whether you're long or short a stock. I don't doubt that there's more downside, but there are other opportunities out there as well, as I think we're heading into a market wide correction. GLTA.
The sell side is well known on the street for pumping up stocks, in part to get investment banking business. To save face, those firms will have to downgrade or drastically lower the targets. I wouldn't trust any analyst.
This is no longer an earnings story. That said, the results out this morning are not what traders expected, and it looks like more downside is inevitable.
The earnings could beat expectations, but INSY is no longer an earnings story. The ongoing investigation will probably adversely effect any guidance they may give....My guess is they may opt not to give guidance at all.
Short since $41.50, but initiated based solely on the chart at the time, before any of the recent news. The chart is usually a leading indicator.
The medicare fraud situation is not the only thing weighing on the stock. Re-read the hedge fund's short thesis. There are potential issues with the flagship drug.....The FDA is alerted to the fact that the drug may be highly addictive. If the fraud is connected to scripts used for recreational purposes, all hell will break loose, and this stock could trade in the single digits. Justified or not, I think the market is reacting to the overall uncertainty, which I don't think could be alleviated in one conference call tomorrow.
I agree....I really think YELP could be in play, and at a huge premium.