Everybody know tweets all the time. With hundred of million of subscribers, how can this stock just dropped over $5 this morning. Don't more subscribers mean more eyeballs to look at all those ads?
So 6.24 billion ounces of gold produced divided by 7 billion world population = less than one ounce per person. Therefore there is very little gold to go around. Did you see the big pop in gold this afternoon? Up over $10 on the close.
Exact thought crossed my mine, a dead cat bounce. Nevertheless, it did make my list on the leader board today for the biggest gainers. Go figure.....Sammy
That's a 13% loss intraday. Does somebody know something that we don't? Very strange indeed....
Yeah cpstwhip seems like one good news story after another one about a new sales contract. But your right, the stock is 31 cents which tells me their products are selling, but they ain't making no money. Hey with oil hovering around $50 and all the oil companies having a hard time making money with some going under, I'm actually not surprised that these alternative energy companies are in worst shape. If oil price don't move up quickly and back over $80, it's gonna get real ugly in the energy sector.
Gold is down $28 or 2.6% today, but ABX is now down 15.5%. I'm trying to figure out the collapse in the price of ABX so I checked their debt level which showed $12.9B at the end of 1Q. But I read that only $900M is due in the next 3 years, they are selling $3B in assets, and have $2.3B in cash. It doesn't seem like a liquidity crisis is developing at least in the shorter term, so why the huge drop in the stock price all the way down to $7.40? It seems like more than an overreaction to the drop in the price of gold. Any ideas of what might explain the huge drop today and over the last few months?
I think everyone is trying to figure out how low is low. Listen Shack has been cut in half after reaching a high of $96.75 a couple months ago. Another 10 bucks and she crashes thru her 52 week low of $38.63. It seems like the shorts prevailed in wrestling control of SHAK. So much for high flying IPO stocks...Sammy
Do you think $20 is in the cards before the end of this summer or will it take until Q4??? Sammy
If so, what's YELP really worth going it alone??? Sammy
I told her I wasn't going to buy it , but she said we could have made 65% if we bought yesterday at $20. With 20-20 hindsight, I should have listened to her this time. Oh welll.....