when the shorts start posting that they're done, you know there are more.
i see you conveniently forgot the 1y gain of +48%. or, is that a fake rally too?
When the stock goes up 7%, you claim it's a fake rally. Then, you'll re-appear on any down day claiming you're a genius and warned everyone through your insightful posts. This goes on and on and miraculously you've called everything perfectly, either a fake rally (any up day) or an "I told you so" (any down day).
did you read the article where JC indicates that he clearly advised the street that their revenue would be down for the quarter? This was no surprise to BBRY but it appears the street didn't listen and maintained the original revenue target.
I'm going to lean more towards your #1. However, you refer to a fake rally before a selloff- yesterday there was no rally, it opened at the low and moved up all day with 50 million shares traded. Interestingly it didn't ever go green. Huge engulfing candle.
I think Chen is slowly turning the BBRY ship around and investors are having a tough time with slow progress.
My guess next week is that we get over the 50 DMA and test resistance in the 11.10 area.
Agreed, over $40 is a huge gain. I'm referring to a drop or rise in the stock price tomorrow. There is resistance at 32, the 200DMA at 36 to break through first.
check out the home page of USA Today. Gulf markets are crashing, down 7% or the equivalent of 1313 points on the Dow. I suspect we're in for a punishing day tomorrow..
I can't see this gapping down tomorrow at all. USA Today reports the panic selling has already started in the UAE today (Sunday), the Dubai market is down 7% on continued falling oil. That is the equivalent of a 1300 point drop on the Dow.
you do realize that there is an economy outside the US right? that they passed a ridiculous 1.1T spending bill right (LOL!), you think thats a good thing? you do realize that the markets closed at the absolute lows on Friday, indicating selling right into the very last minute of the day, right? The SPY closed just above 200 and is likely to test the 182, right?
WT Crude closed slightly above the low for the week! Not even a bounce!
To think that volatility will crash simply because of this bill is wrong.
chart set up today with an engulfing candle to the downside. it will test the $16.47 50DMA and when it breaks that it will fall to $16 pretty easily (could even be premarket). could even get to $15. those results were not pretty.. those results were not pretty and I see it testing $15 before it tests $17.
I didnt say expected, I said excessive. They've been talking about lower oil prices for months so it certainly was expected. I'm specifically talking about a 31% decline over 2 days for SDRL having a bad quarter and reducing an unsustainable dividend. Analysts actually cheered the divi cut as a responsible move, yet the stock declines 31% as the weak hands jump ship.
just putting it out there, but anyone else thinking a 31% decline over 2 days is a little excessive? Especially when there was no actual downgrades after earnings, yet an upgrade by GS and maintain by Credit Suisse?
agreed. when is the best time to buy a stock? when no one else wants it. when is the worst time to buy a stock? when everyone wants it.
a new crisis will come up and people will forget about SDRL and it will return to normal levels (if not higher)
oh really? I had planned to hold as a long term investment but because of your post I may just sell. thanks for the heads up and information.
just to actually add a fact to your post (since there are none here): Money flow on this stock today was +$29.82 MILLION. That means that there were more buyers buying on the uptick than sellers selling on the downtick for a ratio of 1.09. For a stock that is down 22% today, this is very telling.
Expect a big rebound Friday or Monday...