I agree with you. Instead of putzing around with this thing, why doesn't he buy it all if it's so cheap?
There you go! QIWI traded down to $43.50 this morning, inching back up to over $47 range. Whisper numbers must be good or we'd seen it still down. Just keep paring today's losses.
Liked your North to Alaska comparison. It might be a Short on a reversal. Usually when these things run big, there's profit taking, then a backing and filling and basing. I'd be surprised if it tanked back down.
Looks like a little profit taking after such a fast rebound and big move yesterday. Pre-market had QIWI over $50/share this morning. That it has stabilized and pared losses today is a good thing. It's up big in the past two weeks.
NICE call. I owned some SHAW, too, in the 20s, just sold on the opening as Shorts covered, driving it over the buyout price. Now, MDR, JEC, FLR all look ripe. Usually you get some more action in a sector, once a company is acquired.
I've owned coal for a long time, had made money on the Massey and the ICO buyouts, bought into WLT when it got whacked, though it has fallen even more, since then. I had made money on PCX but that is all for naught. The thing is, while I feel stupid for not getting out, there was some big money, buying entire coal companies, just a year ago, at huge premiums to their-then stock prices. So, obviously, someone in the business thought coal's future was a very good one. This was supposed to be a coal "supercycle." Now it's a coal bust. If the problem were specific to Patriot, I could see that, but any other coal company that you bought has gotten annihilated, too, doesn't matter which one. ANR, supposedly shrewed, looks pretty stupid for taking on Massey and THEN their liabilities. We small investors aren't the only ones caught looking. IF coal is going out of business, then we are whipped. But if this part of the extreme downturn in a cycle, and all commodities cycle, then, at some point, coal investments could yield huge profits. Like all other commods, when prices fall, no one produces anymore. This eventually creates huge shortages, causing prices to rise. Perhaps it might take 3-5 years but, who knows, could be a huge turnaround. We HAVE seen this before.
Remember that most stocks rally in the days leading up to the date of the earnings announcement and then sell off on the announcement, even if those earnings turn out to be good ones. Does anyone know if ZAGG fits this pattern? Would be easy to tell from the charts and the date of the past earnings announcements.
A few months ago, I looked at buying MTW at $5 and TEX at $11 but didn't do it--no courage. Those seemed doomed, MTW tripled off that price, TEX more than doubled. Today, PCX and other coal stocks look like that situation. What I've noticed is that you can buy fairly cheap puts when you go long PCX. So, you can have some downside protection and potentially get a bounce. PCX sits at where it was on this date, three years ago, as do many other coal stocks. They were given up for dead, then, as they are now. Courage.
The Fly just got swatted today. Chart looks horrible, China's news could cause revisions in coal and all commods. Awful.
The Street.com has a nice piece on ZAGG today, saying if it can hold above $11.08, could go higher. It has the great volume, a huge short position, which they say, if start to cover, could move the stock past their $12.50/share mark and potentially higher. Earnings were good, wonder how they will be, now that they are in Sam's Clubs? Those haven't been reflected, I don't believe.
Thanks for the input, WLL and APA both look good, just like NBR. What's nice about NBR is that is a $22 stock and you can buy a lot of shares. Would love to find more like that at that price that have good charts.
Uh, Posters, MTW and TEX FOLLOW each other, up and down. I own both. MTW back from the grave and $5/share (a triple), TEX a double from there.
I understand but read my recent post. The company, unlike a bank, still has products that are selling. Key Bank says $33/share without Pringles.
I can recall in late 2010 that GMCR plunged because of "accounting problems." It dropped, rose, fell back, and then a few months later, soared from $31 to over $100. There isn't the same catalyst or product for DMND, for sure, but if Weiss (CNBC guest who just loaded up on DMND) is correct, this one could be a interesting. They've got a turnaround guy in there, now, an interim CEO from Del Monte, and still a host of good, revenue-producing products. Big difference between a food company getting whacked than a financial company, like a bank.
NEVER, EVER, invest money because you think something is going to be "bought out." Invest because you think the fundamentals are sound or because you believe it to be undervalued and it's business is improving. And don't seek your advice from a Message Board. You have NO idea of the track record or the mindset of the various people who post opinions on them.