How did the pre release indicate a huge loss and actual two weeks later indicate a profit?
What am I missing here ?
two earnings reports for Q4, Feb 29th, again March 10th. what is going on here ?
why were Q4 EARNINGS RELEASED ON FEB 29TH and reported a loss. Than a few weeks later Q4 earnings released again and reported a profit ? How does one company report Q4 earnings twice? Im confused. And if one always reports a loss and then other a profit, this is a day traders dream
I've seen it a hundred times, any time shorts pike on this deep. There are double that amount naked too. And they never deliver and never cover enough to get squeezed. They can see a failed rally and just jump back on. Getting around the regsho requirements. They can and will drive a stock into the dirt no matter how great the company is and only after bulls leave the stock for dead do they cover very slowly over many many months time.
Rarely only 1% of the time. Do successful short squeezes occur. And you see a stock climb 30% or higher in a day or in several days.
In today's market. Who is going to commit that kind of capital to squeeze shorts knowing they need more bulls to buy higher to make their squeeze profitable.
I am long here and under water. And only because I bought calls 3 days prior to ER based on Bloombergs earnings date of Feb 2nd. That got changed after I bought my calls and now they will most likely expire worthless 1 trading day before ER.
Not Exactly A Happy camper. But being realistic.
Seems like somebody was holding onto that news as a final nail in the coffin.
No catalyst here before ER.
Might see new lows.