I bought 25% of what I have at $64 and change, with the rest at $67 and change. The value there/here is compelling, IMHO. Time will tell if it was a good move, but SNDK has a great product, in a good sector, and seems to execute well. I had owned it closer to $100, but sold right under that mark. With many others I have not been so lucky. Then again, this one may go the way of those before too long. Hope not though. A WDC buyout would certainly make sense to WDC at this level. I wouldn't bet on it though. Good luck, longs.
Well, it might be because longs believe that the selling has been overdone, and are nibbling, buying, and truck-loading. Today will either affirm or refute their belief.
Yes, probably selling on the news. It sucks, but that's the way today's market is. Sometimes there's no apparent rhyme or reason to buying or selling. It's always irritating though to see such good earning go unrewarded for companies with great earnings track-records, while others who make little or no money go to the stratosphere. But that's the way it is. At least I had some MSFT to blunt the daily blow.
New coverage at "Buy", by someone. Good luck, longs.
You're probably right about the short-interest on AMZN. In addition, most investors in the company are surely hoping, perhaps realistically, that one day they will turn a profit. I'm sure that they could do so if they would only stop the megalomaniacal quest to be the powerhouse in every possible retail business. Shareholders have a lot of patience when their stock performs the way AMZN has, despite never making a profit. A lot of cash flows to and from that company. For the first time ever, I had considered buying some shares a couple of weeks ago, but did not. Same thing with ORLY, and look what they did. Oh well, tough to own them all. Hear that, Bezos? ;-)
I agree that the company has very good fundamentals, and seems to be quite well run, and in a growing sector.
Good luck, longs.
Lucky guess. My broker's page shows the close at $44.56, not the $43.77 that Yahoo shows, making the gain a hair over 7% for the day. Congrat's longs. Good luck going forward.
We'll see how she ends, but I'd be surprised if it wasn't over 7% at the rate we're going into closing. New inter-day 52wk high, no matter what. It looks like it's going against anybody short. We'll see.