They must have a short position I'm guessing
You no nothing about Zacks so allow me to help you out. Zacks is an Independent Research Firm and are funded by investors that pay for their service so they have no conflict of interest with any company. They do not "short", hold, buy, or sell any stock. They serve only their paying customers.
Sometimes they are wrong, MOST of the time they are right.
The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time.
Under the program authorized by its Board of Directors, SuperCom may purchase shares in open market transactions. The extent to which SuperCom repurchases its shares and the timing of such repurchases is at the discretion of SuperCom's management and will depend upon market conditions and other corporate considerations, including regulatory requirements. The purchases are expected to be funded with existing cash on hand.
In OTHER WORDS, they may or may not buy any shares at all !
They talk the talk but will they walk the walk ?
The PPS isn't buying it at this time.
EIA is the number most traders use and it was a drawdown of 1.9M which is OK but not great. Should have a little but a positive effect on the Oil Price going up.
LONDON (Reuters) - Brent crude oil rose toward $50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China.
Great Day Today after 1030hrs !
The American Petroleum Institute (API) said U.S. crude stockpiles fell 3.7 million barrels last week, with stocks at the Cushing, Oklahoma, delivery point for U.S. crude futures down almost 500,000 barrels. [API/S]
Although total U.S. oil inventories are at record highs, the draw suggests a rebalancing of the biggest domestic oil market is under way as oil production slows in the face of low prices.
Benchmark Brent was up 55 cents a barrel at $49.63 by 0920 GMT. U.S. light crude was up 50 cents at $46.86.
The U.S. industry data helped oil resist the negative impact of a sharp contraction in Chinese manufacturing.
Flagging demand is dragging China's factory sector into its sharpest contraction in 6-1/2 years, a private survey showed on Wednesday, triggering a flight to safety in Asian markets that analysts say could extend across the globe.
The preliminary Caixin/Markit China Manufacturing Purchasing Managers' Index fell to 47.0 in September, its lowest since March 2009. Levels below 50 show a contraction.
Oil prices have been depressed for more than a year and are now trading at less than half their peak levels in 2014 thanks to massive oversupply by oil producers in the Middle East and North America.
But many analysts say oil prices could be about to recover, particularly if official U.S. government figures confirm that the oil market there is starting to tighten.
The U.S. government's Energy Information Administration will publish its figures at 10:30 a.m. EDT (1430 GMT) on Wednesday.
"If the EIA confirms the crude draw this afternoon, the market could go even higher," said Tamas Varga, analyst at London brokerage PVM Oil Associates. "It is now not unreasonable to expect higher prices."
Started Jan. @ $2.74 now $8.19 and that's a GREAT return that "green" missed because he is always wrong !
Sorry I'am still waking up, I stated the wrong. The stock started the year at $5.45 and the INCREASE was $2.74 or 50% to the close today at $8.19
"green" is always wrong, that part is always true !
Have a GREAT DAY LONGS !
Just a matter of time, Rite-id cannot continue to service their DEBT !
Rite Aid’s generic drug sales are being adversely affected by Wal-Mart’s (WMT - Analyst Report) strategy of entering the retail generic drug market. Due to Wal-Mart’s wide array of manufacturers in India, Israel, and the U.S., the mass merchant offers generic drugs at a discounted price compared to its rival companies.Additionally, the U.S., pharmacy sales growth rate has slowed down due to a longer FDA approval process, drug safety concerns, loss of individual health insurance and an increase in the use of non-brand drugs, which are less expensive but generate higher gross margin. These factors may undermine the company’s performance.We are also seeing increased competition in the retail drug store space. Over the last few years, many healthcare companies have merged to form a larger enterprise. As an enterprise, these companies enjoy greater power as well as cost and pricing benefits. Continuation of such a trend will reduce Rite Aid’s bargaining power, thereby resulting in increased pressure on the prices of the company’s products and services.Currently, Rite Aid carries a Zacks Rank #4 (Sell).
Its obvious you dont know how to read an income statement
Ti's not an INCOME STATEMENT its a BALANCE STATMENT which YOU don't know how to read .
Wake up people buyout is coming very soon!!
Right ! Somebody is dying to but a HUGE DEBT ! That makes NO SENSE.
What you state in the first 3 statements you made is correct. Volume is an indicator the "Knife" has stopped falling and everybody that wanted out is out, but in this case it is not over. This company is about to have more DEBT than they can handle and will need the protection of BK. The balance sheet shows it and it's going to happen. NOBODY IS GOING TO BUY THIS COMPANY with more debt than assets. They can get the assets for 10 cents on the dollar in BK.
They may try to have a stock offering to raise cash but that will just delay the end.
You better start posting about it, the BALANCE SHEET shows the days of Rite-Aid are numbered, This stock is going into BK. The poor profits means they cannot keep up and service their debt without charging higher prices than everybody else charges.
Book value of this stock is 0.48 going to zero very soon. Stock will be cancelled in off hours s you can't get out and "shorts don't have to cover at the end of BK ! Don't get trapped if you're long. Good Luck !
THIS STOCK WILL GO BK !
Question is when.
Europe down more than 3%. The reasons given are VW problems and our zero % rise from our Fed which hurts overseas currency. Just for fun I bet we sell-off in the morning and recover after 1400hrs in the afternoon and SPCB will just ride the wave all day. The one exception I can see is if SPCB is sold to meet margin calls due to its low earnings.
first thought it would go to $7.50, but now with lower earnings expectations, I see $6.50 or maybe even lower. I will look to get back in later in the month
You're going to see 6's today, you don't have to wait a month.
other then u lost money today while both oil an the market went up.probably not a good sign.
You need to sell to lose anything. You must be new to investing. I really don't have the time to explain it to you.
My post from 3 trading days ago. I told you so.
superbowl6wins • Sep 17, 2015 9:37 PM
Its way oversold now.I just bought more tonite
WAY OVERSOLD ! The selling has just started ! 3 days of bleeding and 3 months to the next bad report. This company is done. Highest % of DEBT and highest drug prices.
Wen the number of "shorts" increases month to month the stock is going down. "Shorts" are better investors because they have to be or their not around very long. RAD increase in shorts went from 17M to 21M and that is a very big increase. Check any of your stocks and you will find when the shorts increased month to month that stock went down 9 out of 10 times. It's a good RED FLAG not many people look at. Check it out with your stocks.
Bottom line is that your moron. RAD is up 50% in the last year
You're the MORON, do you know what YTD MEANS ? Down from the YEAR TO DATE MORON !