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
Also, buyers from this morning and last night are now sellers, dumping this stock again for the disappointing price movement.
No one is shorting at these levels. This is just frustrated longs who bought on the way down, selling their positions on the spikes. Alot of churn to go through before the weak buyers last month are gone.
Well, after the first hour, it has had higher lows on the daily chart. Will watch and follow to see if trend continues.
No bounce yesterday near EOD. And selling continues in first 15 minutes today. Dropping to .25 cents wow.
SG&A has increased, true. But ECIG is expanding its footprint. Interesting to see what happens from here. Will .25 be support? we'll see.
This looks like capitulation to me. The volume is high and another big drop. This looks like a flush to me. Old holders of ECIG dumping and just walking away. This is a classic capitulation drop before a bounce.
Based on volume and then another sudden plunge under .40, this looks like capitulation. Exhausted longs finally gave up and have thrown in the towel. Who can blame them ...$4 in Oct, $3 beginning of Nov,, $1 last week. Now under .40 ....??Wow
Below lows of 2 years ago. and far below yearly high. It probably didn't belong above $5, but under .40 cents.??Umm I'll take a chance at these levels!
What are they saying about product revenues? It looked like they are forecasting slightly above expectations. Are you saying product revenues look weak compared to expectations? or what they need to be profitable?
I agree that investors may act swiftly if they don't like what they hear. PANW was priced for perfection. It looks like near term support is around 102. If that doesn't hold, 89 is next.
They are forecasting 5.00 versus consensus of $5.37. Not great, but not going out of business. The only thing I can figure out is that news gave a few investors to cash in, causing WAC to drop through some stop levels. Thus causing this low float stock to drop more than reasonable.
The pe and forward pe are incredibly low. I'll bet on this to recover to 20 in the week or two.