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.
Thanks for chippin' in with that nice piece. I think there is also a good chance management has finally learned how to play the guidance game by being conservative. If we see a significant beat next quarter we will have many buyers who have been waiting in the wings, combined with shorts running for a cover. For now it is only a nice fantasy, but definitely could happen and I'll be staying long for the possibility.
So have you been watching and learning? I have to think the post earnings swoon in stock price was manufactured. Nothing has really changed and suddenly analysts are changing their tunes. Very difficult for anyone to trade, as a sell here after a big bounce post earnings could be way too early. Congratulations to those who bought stock or options on the dip! I had to laugh at one article that said the stock was massively propped up with all the hacking that has been taking place. Sadly, hacking is about as likely to go away as terrorism or drug abuse. Just part of the world we live in, so why not be invested in some stocks in that sector? Over the years they can potentially bring a very good return.
Most people in animal related professions are warm, caring people--not negative shorts who resort to calling people names. It is easy to say one is in an industry to borrow some fake credibility, but I sincerely doubt his story.
Be sure to tell us when you short and at what price. Even if it goes to $32, you still lose on your short, but BAC has a $44 target. You are out of step with your target and late to the party.
Hint for the future: Best way to look like an idiot is to pontificate with certainty about a stock's future, while insulting those with opposite positions. Congrats on following the formula perfectly. It happens over and over on these boards. No one really knows what the long term future holds, but for now longs are making money.
Yes. I thought about buying puts before earnings, but then thought, "No, surely not". Wrong.
Stock down $5-$6 already.