I'm not saying it won't go lower. Shorts always try to press when a stock breaks a 52-week low, but there is limited downside from a short term trading perspective. I'd rather accumulate and wait for a short squeeze. There are lots of guaranteed buyers including you that have to cover at some point. I'll play that pop instead of adding to a short that has a huge interest and lots of covering in store.
Yes I agree, but under $43, FIVE needs to be bought. Too many investors and institutions love this stock, and have been wanting to get in for a while. Low $40s is a great entry point.
That might work but that's pretty far out of the money. You could buy the Jan 30 calls, or to reduce your cost and improve your odds, buy the Jan 30/35 call spread.
Greedy shorts tried to come in thinking it would continue to the mid-20s after an already severe drop in price. Now they're being forced to cover and buy at higher prices. They just don't get it. Back to $35 to fill the gap by EOY.
Good call extremeprof. I'm in your camp. I'd rather play the odds instead of trying to squeeze a tiny profit out of stocks that have been slammed. I too buy when others are fearful and greedy. I also bought FTNT when shorts drove it down under $17.
Go ahead and short. Perhaps you may get a buck or two of downside, with 10 bucks of upside. When will you retail shorts ever learn. Shorting stocks at the bottom of the range with a high short interest is a fools game.
Looks like the presentation was a dud judging by the price action today. Could go to the low 20s! But definitely a buying opportunity.
They have been losing money on WDAY since the $50s. But here they go, cocky just because the stock is not even 10 percent from all time highs. Don't celebrate too much shorts. This may be going down to the low $70s, but will be viewed as another buying opportunity by both shorts covering and longs buying again.
It actually dipped below $44 today, but when it didn't continue lower, the shorts had to give up and cover. Should finally go higher from here. AKAM is too frustrating for the shorts at these levels.
Definitely a huge over-reaction. Reminds me of when EXPE missed and it went from $65 to $45. Stock is back in the $60s after the next earnings report. HIgh probability that the same will happen with BLOX. Doesn't make sense to sell now.
For a stock as well known as this, it seems the individual investor is uninterested compared to $FB or $AAPL.
Best strategy in these cases is to buy Call options to define risk. Bought the Jan 18 calls for $.50 If there is an issue, the loss is minimal. If the stock recovers by next earnings and it's a non-issue, Options will quadruple in price.