PE prior to this morning was 19. It will be a ridiculous low around 12-13 after the drop, That is crazy attractive for a business that is making money, albeit slightly less than a year ago.
No 50% haircut today. But I expect ADEP to test $4 in next 1-2 weeks. There really is no near term support, especially after the earnings. Looking at the charts, around 3.75 is the only area of support I see.
Horrendous earnings. No growth. This could go back to 2013 levels, which would be a 50% haircut!
It doesn't matter if this is a buy right now. Very disappointing. I expect dow to retrace remainder of week and HA to drop even lower. I'm done.
Looks like a short fund is attacking the message board. Many alias posters.
with 65 million shares traded, that means institutions may already have exited. Which means today's drop is just day traders exiting their speculative positions they took at pre market.