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.
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
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.
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.
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.
There are many good reviews out, and here's a very nice one I had not yet seen.https://www.yahoo.com/tech/when-apple-unveiled-the-iphone-6-last-week-it-97685451544.html
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.
One of the funnier voicemails messages I've ever had.
You won't buy a lot lower for two reasons. First, it won't go much lower and second, you're a short, not a buyer. Recent buyers need to hang in there. Options will be available soon, and if you're worried, sell some Oct $90 calls when they come out. Of course, the risk is that your stock may be called away.
Thanks Elvis. Hoping there is enough premium in the options to sell covered calls a few bucks higher. I don't see the stock falling apart, as there is considerable demand that will result in buying on pullbacks IMO, but I also don't see the stock taking off quickly from here.
I'm guessing those claiming to have bent phones sat on them repeatedly. About as wise as a child leaving a bike behind their parents car in the driveway and then saying the bike was defective because it was damaged when the car backed over it. Let's use a little common sense press who want to write about this nonsense.
Coming soon. In the meantime, did you see this yesterday re pre-orders?