They talked about this in the morning on Bloomberg, saying FEYE technology did exactly what it was supposed to do, but that the malware was not removed because Target had that feature TURNED OFF. They said the problem could have been stopped the first day. It really was an endorsement for FEYE--not a failure.
Lockup of shares is late next week, so be aware of that. You can buy here and sell the Mar $80 calls for over $2--not bad for 8 days until expiration. If called away, you make a quick $400 and if not you lowered your cost basis by $200. Downside is if the stock has a big run by next Friday, your gains are capped. But not a bad way to ease into a trade.
Has been one ugly stock lately.
Buy some Mar $35 puts and scale in higher if we continue up. They're fairly inexpensive. Yesterday may have been another buying opportunity during a slow climb back to $40.
Wells Fargo near the end of last week was saying they think EVEP may have trouble covering the dividend. I received a call suggesting I sell.
This will be very orderly. Look for stock to finish slightly higher. If you're long, consider selling at least half your position and play with house money.
Take small gains and wait for the next spike as an entry point IMO. This stock is being supported. They will allow some variability, but I doubt seriously you will see it lower than $119 or so today.
I agree, but probably not a safe short. If you believe the stock price doesn't make sense, that just reflects other factors at work that we can't see or control. Some big player at this point is supporting the stock IMO and will collect all the premiums from put holders. After they harvest that $$$ and take their own short positions, they will bring it back down.
And don't look now, but volume is picking up in a market where many stocks are seeing low volume trading. Already have our average daily volume.
Sadly, you are correct. I would never have guessed that this could have been one of the best put trades I could have (but didn't ) made. Have told myself it was too late to buy puts since $40, and here we sit around $32. The stock only moves one direction.
Hoping we can hold this minor gain today and fight our way higher next week, but looks tough.
Agree with you stimulus. Ridiculous talk about a miss because US numbers aren't what was projected, while at the same time admitting international sales are smashing the revs from Hunger
Games. I expect very heavy attendance through the weekend. If you look at the recent stories on Yahoo there is a new Seeking Alpha story talking about disappointing numbers, adding that this is "an extremely mild disappointment". Please tell me how the words extremely and mild can be used together! Some big players just decided to make some money taking it down, will likely accumulate when the price stabilizes, and then issue buy recommendations.
Ah, but game of the Street is NOT to value a company on its performance--rather, to value it day to day on how good a guesser the most optimistic analyst is. If he is a bad guesser, the stock gets punished, assuming the stock surely must have run up based on his/her estimates. Crazy. Annoying to be punished in the short term, but over time this stock seems destined to move higher.
Careful not to be too impatient. A stock can move down for many reasons, including manipulation. XOOM is at times very thinly traded with a huge bid/ask spread, making it very easy to push either direction. I got shaken out of a stock I owned a few months back after it dropped precipitously and negative articles started coming out. The stock (CRR) is an entirely different industry, but doesn't matter for this discussion. The stock fell down into the mid $60's and when it bounced into the $70's I dumped mine for a small loss. Now, five months later, the stock is at $125. Not saying this will happen, but the risk/reward looks good here. Selling a few $30 covered calls on spikes higher might be a help to some here who are frustrated over the recent dip. I have done so three times on half my shares for around $3.5 per share, which definitely improves the cost basis.
artist--Can you speculate about why there would be insider buying going into disappointing earnings? And about where the bottom might be for this awful stock?
This company has one of the ugliest charts around. Big question is can they really turn it around at some point or does it keep grinding lower and lower over time? I have a small position and am willing to add if we ever see it begin to turn up convincingly.