Big news indeed. Surprising that higher volume sent stock higher instead of lower. I wonder how far it will fall in AH and tomorrow morning. No position held.
It is hard to get a good reading on JBL with the earnings/revenues mixed in with the divestiture. I will be interested in what analysts say tomorrow.
My gut tells me he AH reaction is just that a reaction and not taking into consideration the divestiture. I think this is a good entry point based on the over reaction.
I don't know...they're forward PE and PEG are still very high compared with their peers. If they meet expectations or beat slightly, I would think this may get crushed. But who knows. No position held.
Revenue expectations were 383M RHT pulled in 397M. Ok that is good. But I still don't understand why people are paying 50+/share for a stock with a forward PE over 30 and a PEG over 2.00.
RHT is full valued, but people keep pushing the stock price higher.
You are not worried about the high PE and PEG? I feel I am the only one who thinks that's an issue (obviously I am alone because people keep buying it AH).
Well I got burned shorting before the close, and I still don't get why RHT is up, given its high valuation. Don't fight the tape is the answer, I guess.
1) Wait until trading volume is low (i.e. holidays)
2) Pick a stock with a small float
3) Start rumour in morning, sell short, trade out by end of day
4) Send your minions to message boards to trash stock and perpetuate rumour
It is Citron afterall, this is what they are good at.
I am thinking the same thing. That is why I will hold my short position through the weekend.
They had to start lining up financing prior to the acquisition. A secondary prior to Monday morning would not surprise me.
SCSS rarely meets earnings expectations and always gets whacked badly when earnings come out. Maybe this is a case of people having higher expecations than they should.
However, with the current "whacking" their PE and forward PE inidcate a very appealing entry point. 14..88 and 12.43 for PEs is very low. Its PEG of .91 is also appealing.
This is company that isn't going out of business. They just fail to meet unrealistic expectations.
Under $20, I think this is a strong buy.
Sentiment: Strong Buy
It may zero in 2015, but until then it will be a traders stock. It will fall and bounce, especially in the next couple of days, before it evenutually fades next year
Why get out of this fast? So you can cover your short at a better price? GNI has until next year to trade. Do you think it will go to zero all at once? No, it will be a trading stock for quite sometime with wild swings.
Not sure if the numbers are enough to keep WDFC going. They have had a good year until now, but their PEG was pretty high.
Ok, I understand (kinda) the jump pre-market. But to jump and additional 40-50%???
Oh I get it....this is nothing but a traders stock right now. Only 10.6 inthe float right now.
It could. But this is not trading on fundementals. Strictly day traders and MMs. So it is hard to tell at this point where it will end up today. I am sure many early "traders" are watching 10-15 minute trends. I don't have time for that, nor am I smart enough to understand how to use short term information.
Not many shorts here previously. There were only 500-600k shares short prior to this morning. They covered at 9:31. Everything else since is MM, speculation and gambling.
Quite a slam for a small miss. It may have been a little over priced. But it is still making money, not eating it.
Current PE and PEG (11.8 and .72) are very low. Risk / reward at $39 heavily favors reward.