Well, WDAY raised as well. But they are also at a high valuation. That is why SPLK they pulled back today.
money, I am thinking the same. shorted WDAY AH and did nicely. SPLK set up is the same. As ,matter of fact eerily similar even year over year % growth is similar. YOY growth for WDAY was great, just like SPLK. But valuation is the reason WDAY pulled back and SPLK is set up for the same.
With a PEG over 40 and forward PE of 633....SPLK was priced for perfection.
Too rich for me at these prices!
Too much cyber hype. The ability to turn cyber fear into real money is still a problem.
When everyone is pumping, the time is right to short.
FEYE is tired. It has had its "cyber sprint" and is now ready to settle back some. No problem shorting at these levels.
Small float + low daily volume = big initial move. We'll see how the rest of the day pans out. I tend to agree with you though
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.
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.
JPM only downgrades to Market Perform. You think they would downgrade to sell if they thought there was good reason.
I tend to agree with you. Negotiations must be getting closer to finalization. The offer price may be imminent as they may want to get things done, or at least get it on the table, before Christmas and New Year break.
with only 5 million shares owned by institutional investors last quarter, based on volume over the last 2 weeks, it looks like institutional investors were out last week. The drop yesterday/today is more likely naked shorts playing their last few pennies or fatigued day traders.
This was trading above 1.20 prior to the October deal.Then went to $2. Now that the deal is undone, it is below .80?? Doesn't make sense. Just panic selling and MM.
This was anywhere between 1.20 and 1.50 all year before the Oct deal.
Essentially the entire float has been traded in the last 5 days. That means that there is no institutional selling. This all just day traders getting in and out.
In for a penny in for a pound. I'll hang around. If there is ore concrete information about a buyer, this could go over .60 very quickly.
Full disclosure, every time I post on a message board, my stock goes the opposite direction of my sentiment. So, it may be wise to sell or or short. LOL