5.2M shares traded, that is almost the entire # of shares short coming into today. Of course more shorts have come in since.
Without a doubt this is a short squeeze. With 5.7M short shares out there before today, 4.4M shares traded so far. normal volume is 1.4M. Obvious what happened.
Question is, once shorts are done, where does ULTA go? Personally, I am not sure. It may remain flat.
You are right on the shorts. Profit taking may occur after shorts have covered. with 5M shorts, about 2M more need to cover, if they all cover.
Christine Day will stick around through the transition. People just looked for opportunity to sell. Now is the opportunity to buy.
LULU will open above $74 tomorrow and will recover further. Fundamentals are unchanged
Sentiment: Strong Buy
Funny, I thought the same thing. I almost bought before the close. Glad I didn't.
Boy, you don;t know anything about momentum stocks. Those may be sound reasons, but they have nothing to do with the price of YELP now. This has a relatively low float and is easily influenced by 1 or 2 traders. YELP will go down when they are done.
Having said that, I did short at $32.
Their forecast for next qtr and next year was in line at best. This has nothing to do with HomeAway being a good or bad business. It is just not priced right. Foward PE is 42. If you take that to a reasonable number of 20-21, that puts the PPS at $16-17. Forecasted revenue and earnings do not appear to exceed expectations.
Buy in AH if you think this is going up. But heed my warning. PPS is only going one direction in the near future...down.
Bingo, no great sell-off.....no surge to 100 either. It has been between 82 -85 all morning. No short term trade here,unless you are picking up nickels and dimes.
It always amazes me when there is big news on a stock...it jumps or plunges pre-market....and then remains in a narrow trading range all day. I predict this trades between 82-87 all day. Which is pretty narrow given the surge now.
Crazy...that is all I can say. Not sure where this will end up. Especially since making money this new drug is still 1-3 years out. Crazy