I did a quick round trip day trade in AH last night after the report.....and there was no way I would have held this long going into today's session.....The stock has a lot to prove from here.....
Everything in the market is trader driven, esp. commodities. And OPEC could surprise and CUT production, and then you'll really see a short squeeze all over the energy space. And by the way, SLCA does not depend solely on revenue for fracking sand applications for oil shale......they have many additional commercial applications for their sand, and the demand is still there.....Why do you think they guided to the high end of their forecast range on their last ER call? Do you think they didn't know the price of crude was under pressure?
I'll answer that....of course they did, maybe not to this extent, but they knew.....The base is formed, it was retested, and now it's set up for a nice move up to test $28, and then $29, maybe next week.
Sentiment: Strong Buy
Well folks, I do believe the top is in.....All 3 major indices are in a H&S formation, and all that's missing now is a confirmation with a break of the lower trend line. This looks like it could happen next week, or in 2 weeks.
It sure looks like 1820 or so will finally be tested on the S&P.
You beat me to it....I was just going to post, wondering if CRZO is in play....I wouldn't be surprised if one of the majors is looking at scooping up a small cap oil play, considering the low stock prices. I was in CRZO previously, but I'm in other oil stocks right now....If there's M&A in this space, you can bet the entire energy sector will be rocking next week and beyond, which it may do anyway...oil is stabilizing.
It's look like I'm correct, the intraday chart is flashing a huge buy signal now. We'll see ya all over $30 next week....Go Seahawks!
yet every energy stock I follow is down.....but it's still early enough in the day to recover....SLCA will be fine, this may be the buying opportunity of the year.
Sentiment: Strong Buy
I have an interest, because it's a great trading stock. On a fundamental basis, their ER report was just in-line, both top and bottom line, and they guided very slightly higher. I was short yesterday, covered and went long, and then got out before the close. Two very profitable round trips. I only follow the charts, and to be honest, I'm not really sure I understand exactly what Cavium does, but then I don't need to, since I'm a swing trader. I can tell you if it gaps up tomorrow with the market, and based on the strong reversal candle printed today, and if it can't take out $64 or close to that, then it may become a short once again. Sorry for rambling......
There seems to be some support around $85....good luck. This is no longer Wall street's darling, must own stock.
This market finally looks over, as in bear market.........
It's called "good cop bad cop". You know one of your favorite dove Fed governors will tell everyone there's no way we're raising rates in our lifetime......What a joke they all are.
The Fed is fine in a bull market, but she's way behind the curve in what will be a massive bear market.
What a dope....
He wasted everyone's time on CNBC....He basically tells the public, "I'm a millionaire, and you're not." "I want Apple to buy back stock." "I want Apple to give out more cash." Tim Cook probably can't stand him, and activist investors are NOT the best thing for stocks....Shut up Carl!
Just because he owns a lot of shares, he thinks he can manipulate the company....He made some money in Apple, but lost in just about every other stock he tries to take over......He needs to leave the company alone, and let them do their job, and stop making his ludicrous demands, just because he's wealthy.
In other words, a short squeeze....Your point about the foreign customers with more cash and QE is a good one, however the European issues are structural, and I don't think QE will work, and any near term positive effect won't be sustainable, IMHO.
Given the downtrend, I wouldn't want to hold this through earnings, I don't care what Ma says....or what Mom says....or anyone else, like Cramer.
Was the street expecting worse results?
That and Facebook....The way the analysts are gushing over Apple this morning is sickening.....What they're ignoring is that the 4th quarter Xmas season for AAPL was this report....The consumer will not take their gasoline savings to the Apple stores, and no one cares about an I-watch, so I doubt they'll come anywhere close to this pace the rest of the year.