FEYE will become the gold standard as Cramer begins to look foolish, probably after the stock clears $40. At that point he will say he was wrong with all the clarity of the Fonz admitting to being wrong on the show Happy Days and will then say Buy, Buy, Buy. This only after his followers have missed a $10 or more move off the bottom.
One who want a guaranteed profit. I'll sell you all my stock right now for $40, a bargain if it is worth $70. No reason to call someone an imbecile for taking profits, especially given the recent performance of FEYE, which makes most longs nervous. That being said, I'm long and plan to stick around through earnings and take a chance we move much higher.
What did they really say? Got a link or exact quote? Would love to see Cramer admit the Street is wrong and reverse their call. Would be worth several more quick points and sail through any resistance. What I love about today's rally is that it is on significantly increased volume and is NOT part of a soaring market. Those wanting in are realizing tax selling has done all the damage it will do, as it is not as simple as just buying on the last trading day of the year.
Half the daily volume in the first 1 1/2 hours. On pace for 10,000,000 volume day. And not that it matters, but a broker I know who is a great stock picker is today putting people into FEYE. This rise is against the tide of selling for tax loss, so is all the more impressive. I expect it to do well in the new year after tax loss selling is over.
If we can sustain higher volume I'll feel much more comfortable, even though we can go higher without the volume. Hard to value a company not yet profitable, but intuitively (where most longs got in trouble) I can't think of a better sector to be invested in. Imagine what could happen if revenues far outpace expectations at the next earnings conference.
Volume is slightly below average, but the highest it has been since Dec 8. I have two questions for you: 1. Are you a beekeeper? 2. Were there 21 people who got that name before you could claim it?
Although I enjoy your imaginative prose, better get a new thesaurus because the one you have is failing you.
wolf--Didn't mean to step on your toes. Thought I saw some post about you shorting. Probably should have read message board more thoroughly. FEYE looking good but would like to see more volume coming in. If up move continues we may see shorts closing some positions before the weekend tomorrow.
Definitely worth watching, but some profit taking in oil sector not surprising as many stocks had huge moves off their lows. Any significant pullback in oil will likely be bought, barring any further collapse in oil prices. Are you short FEYE here?
Your wall has been knocked down. Change "gird" to "gored" and that's what is happening to "stoked shorts". At present many greedy shorts are thinking "That's all you got?" because they are very profitable. Knowing when to get out if difficult for both longs and shorts. Continuing a short position on an oversold stock in a rising market probably isn't the best idea.
Many oil/gas stocks are up 20% in a couple days. Buyers had totally walked away. Same has happened with FEYE. Shorts have made a lot of $$$ on a great trade, but at some point will not want to see any significant part of that slipping away, and will begin to cover. When that happens we will see buyers who have been waiting in the wings start to come in as well. I don't know if this is the start of that or not, because we still have to fight tax loss selling, but things can turn quickly.
Agree with you massagelite. Looks like minimal downside risk and significant upside. Added a little under $30 today. This mostly sideways action will at some point be resolved. I think it is setting up for a nice move to the upside. In this market, if we get that, I'll sell the shares I bought today rather than taking the patient approach. I will still have more shares I plan to hold longer term.
I can't remember ever seeing so much good news on a stock that keeps tanking. New buyers may still be reluctant to step in before we test previous lows. I want to add myself, but am concerned we still go lower.
bf--also a good strategy. Not everyone has the $$$ to do it, but for those that already own the stock, no margin needed to sell the calls. But its a very good play for those thinking about trying to make some $$$ here.
Hopefully the movie succeeds, but if it does it is because they paid some attention to character development. I still haven't gotten over Ender's Game, a film that had incredible potential, but one where they spent about five minutes on developing Ender's character. I am not a sci fi reader, but read that book many years ago and couldn't put it down, mainly because they developed the characters so well. Hopefully LGF will pay attention to this important issue in future films. I'm long and plan to see Mockingjay over the weekend.
Use it like a well paying dividend stock. Sell the Nov. $45 calls expiring in 8 days for $1.10 or so. If called away, you get $46.10 less commissions for your $43.80 buy. If not called away, do it again in December.