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.
Good advice. Bought puts yesterday on VJET and DDD out to January. Too parabolic. With the technical damage done today, any pops should now be sold. Momentum investors won't come back in until there is some pain for the longs.
Might be a good trade to wait for earnings. Numbers should be good and you could get a nice pop to $50, but it could be short-lived because of the litigation overhang. I'd rather go into earnings with options than with stock. At least your risk is defined.
That's precisely why I sold all my calls on PANW Friday. I don't trust this stock, or more accurately, the institutions that trade this stock. I'm happy to play the range with options. Still too early to buy again since sellers will likely drive this back to the low $40s. Then perhaps I'll buy.
This would be a great buy under $110. Otherwise, it's too hated right now to touch. Let the shorts have their way until they're ready to cover close to $100, then load up and go along for the ride.
Glad I sold my Calls Friday. Too big of a gain. Not surprising of course the sellers come right back in today. I may re-enter in the low $40s, but this is such a battleground stock, the only way to play it is to trade it in my opinion, or at least trade around a core position if you like it long term.
Stubborn bears have finally given up. Stock should see $1100 in the coming weeks. Institutions will see this as a technical breakout that needs to be bought, not sold.
Today was an obvious short squeeze. Too many greedy shorts were piling on due to the overhang of the lawsuit. Lack of Bad news spooked these fools trying to sell near 52 week lows. That's what happens when you think the trade is too easy. They got smoked! Expect volatility into earnings, but the shorts won't be as bold. May be wise to sell if the stock pops on earnings. You can bet these knuckle heads will be back trying to short this stock until the patent dispute is finally resolved.
Congratulations all for not giving in and selling at the low's despite all the shorts and pathetic weak hans that were selling this stock week after week. We were all nicely rewarded today! And there may be more to come into earnings. But I took some profits at the end of the day just before the close. Wanted to lock in huge gains. Great lesson on investing and trading. Buy when others are fearful, and sell when others are greedy! GLTA!!!!
What else is new, more sellers coming in again. When will the madness end!
If you're really worried, just buy the Nov 40 Puts for $0.25. It's cheap protection. If the stock craters below $40, you're safe. If the stock rockets, the puts expire worthless but who cares. Your shares will be worth a lot more.
I don't get that strategy. Shorts should cover now after a huge 2-day drop. And why would long shareholders sell down here. Doesn't make sense. But that's when opportunities occur.
They keep selling this dog and may just throw in the towel tomorrow after the ruling. Perhaps it's time to sell now, and buy after the later when the dust settles.
If it does, $1100 is in sight. Still much cheaper than FB.