c/k this out..
The momentum is going out of this stock,my guess is the margin calls are drying up signalling new shorts to come in,and after the fast money call advising to short tsla,good luck shorts
May 1, 2013 7:34 AM EDT
price target $41.88
Source was reuters this a.m.
STATING THE SUPERMARKET CHAIN REMAINS OVER-LEVERED,with net debt near 3.5 times cash flow,with profits and traffic at traditional stores still waning.SUPERVALU'S SURGING STOCK could have a harder time living up to it's name.This was in this w/ends Barrons since then the shares have added another 5-6%,,
downgraded yesterday and upgraded today....................go figure! obviously the analysts can't agree...........so a 3.71% increase today in the stock mmmm???
Pick you price target.
Thursday 1/12/2013 the stock closed at $11.92 today we are at $15.00,that's a $3.00 gain since the downgrade or indeed 25% and change..In my research if a stock gains this amount on a downgrade it usually doesn't last long.........but do your own research, the balloons ready to burst!!
The only people getting Sprint shares are Softbank you can bank on it...then they will try to buy on the open market for around $7.30 but i think they will have to pay more...It's called growth Japan doesn't have it so they look elsewhere and Sprint has it.I would just cover your losses and move on...not being mean just realistic.
Hey man that's some stuff yah smoking...