With the stock up strongly in the first 5 minutes and high volume and still well off the very recent $40, manipulation seems very likely. The stock turned around too dramatically in the middle of a strong move higher on no news--all while sentiment for security stocks has taken a positive turn. I have to wonder if any naked shorting was taking place today. This rapid reversal did not look like ordinary profit taking.
One of the funnier voicemails messages I've ever had.
hrbart--Seems a little late to sell. Where else can you make 8% yield with a good chance of some pps recovery toward previously higher levels? Sell the Sep $38 calls for a buck to add a little more to your return. Do that a couple more times during the year and you have a nice annualized gain. It does get old watching EVEP underperform the market on lousy volume, so I totally understand anyone who sells.
I hope you're right. But today's move really wasn't impressive, and more likely was a part of the overall market rally. I did hear some nice comments on CNBC this morning (or maybe Bloomberg, not sure which) when they commented on the many stocks in bear market territory, then mentioned FEYE and stated many analysts have recently been upgrading it recently and have an average target of $44.
If the stock continues much higher, I will still have more, but if not I won't be annoyed once again about this stock pulling back when it gets into this range.
Recently my videos which relied on Adobe Flash stopped working. I assumed it was because of outdated OS in my MAC, which I upgraded to Lion version (still old I know). I try to install Adobe Flash player, but after download I then am directed to a screen offering me other products for purchase (Photoshop, etc), but no ability to continue the install process. I have tried multiple times. Is my OS too outdated or is there some other problem that can be easily fixed? Is there something built into the OS that blocks installation? HELP! Any assistance appreciated. Less
Also means not many buyers. If any hedge fund wants to manipulate the price either direction, it is easily done. I sold some $29 calls for .70 and wouldn't even guess whether or not my shares will be called away at week end. We need good guidance to bring in better volume and keep this move from stalling IMO.
Feeling a little better now? I am! Hopefully this is the start of a much larger move. I remember wondering for a long time why YHOO wasn't doing better with their Alibaba stake, and then they started taking off and have held the gains. I realize it is a totally different industry, but agree with you that EJ is undervalued and think there is a fair chance the market will realize that and push the stock higher.
Recently my videos which relied on Adobe Flash stopped working. I assumed it was because of outdated OS in my MAC, which I upgraded to Lion version (still old I know). I try to install Adobe Flash player, but after download I then am directed to a screen offering me other products for purchase (Photoshop, etc), but no ability to continue the install process. I have tried multiple times. Is my OS too outdated or is there some other problem that can be easily fixed? Is there something built into the OS that blocks installation? HELP! Any assistance appreciated.
hrbart--Good luck. I'm holding with you. I bought about 1/3 my current position when the stock was in the low$30's and then sold $38 calls a while back for .70, so made a few bucks per share when it was called away. I'm still a believer long term.
Nice to see nearly 1.5 million in the first 5 minutes of trading. Tough to decide where to sell given where FEYE has been, especially given the possibility it works its way back to $40 and what might happen if it breaks above on decent volume. A buyout would be nice but can't count on that.
And notice there are no options available, as is often the case on these parabolic stocks. Retail buyers are now buying from hedge fund who bought cheap and likely is contributing to the news flow.
Getting a little crazy. Smart longs will sell most of their position here and let the rest ride. Some hedge fund is setting up a very profitable short by pushing the stock higher and letting the retail buyers chase it. Anyone who has been in the market for any time knows this will correct. Why wait for it to happen? I'm not short--too risky. We have all seen this before. As the pullback starts longs will say "I'll just wait for the next spike and then sell". Then as the stock pulls back further they will keep repeating that until the stock falls back below $20. This stock is not the next AAPL, GOOG, etc
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