Don't forget that the shorts have to cover to lock in gains. If the ruling is in favor of Palo Alto, then the shorts will get squeezed. Many may want to cover ahead of the ruling. Could get ugly if you're short. If you're long, bad news is largely priced in.
Nov 15 is the trial date. Have to buy into that date. Weak hands keep selling expecting the worse. Makes for a ridiculous buying opportunity for smart investors.
Should gap lower first thing in the morning in the low $130s, then pull the trigger and ride it up to $150 for a quick trade. Amazing how those Fibonacci levels are magnets for stock prices.
Never seen such pathetic shareholders and weak hands. Even the shorts are fools. They would be better to let the stock rise and short at higher levels.
Perhaps the sellers have been washed out. It also looks like a huge number of calls have been purchased. A large number of puts as well, but they could be hedging long stock positions.
Indeed. Perfectly called. Problem with going short at this level is there is very little downside. Will look to buy more Dec calls if it gets close to $40. Looks like that's where it wants to go.
Low volume suggest either an institution is trying to push the price down, or they are liquidating a large position slowly. At some point, the short selling will cease and the short sellers will have to cover. With a low liquidity stock, that covering usually results in a violent move higher and usually occurs before the earnings.
Nasdaq down early, PANW down, Nasdaq up later in the day, PANW down even more. Still a one way ticket lower.
Been almost impossible to shake the pathetic weak hands and shorts in this stock. They won't go away until good news comes from the company or analyst upgrades. Then you might see some panic, but until then, low volume and a drift lower rules the roost for this stock.
The co-founders were crafting a bid over the weekend. With today's move, they may lower their offer price, but they do have the cash to invest, especially since they could easily generate capital from Canadian investors along with their own cash. They are the only ones that can turn this company around. Let's hope it happens.
Now that upward momentum has dried up, downward momentum will take over this stock. Buying on the dips won't work. If the 50 DMA is broken, this stock could see the IPO price in the coming weeks. Which would coincide with the 100 DMA. Momentum traders have gone from long to short after the earnings report. Go ahead and fight momentum in FB and you WILL get run over. Just trying to help out my retail brethren even though I'm sure I'll get bashed by some of them. Just keepin' it real!