Stay away as it is going to get real ugly bye end of day. May collapse another 20 cents ore more.
When you see little guys bragging that it is cheap and they bought at bottom to day, you know it's suckers setting up for falling further.
Only when there is capitulation when they say they sold everything and it's a POS, then you know it is bottom.
Remember last quarter when around $3.50 people DID NOT post that it was cheap but they sold everything and got out? Then you know it is bottom.
No, we haven't reached even close to bottom when you see so many posts of little guys buying...that is warning signal.
This is only the beginning of a multi-day and couple of months of selling to we reach bottom. Not anywhere near bottom yet, not even close.
to dump at any price to raise cash....the little guys are always screwed.
Don't know if today or next day but probability is high in 2-3 weeks as this was what happened last quarter when the stock fell from $5 at day of earnings to $3.50 in 3 weeks.
Dude, it's the little guys selling off. The volume and small batches of sell indicates it's the small guys selling.
I never said that. But last quarter after bad earnings, the stock fell from $5 to $3.50 over 3 weeks with jumps and little traders like you thought they bought bottom.
Well, this quarter, the earnings are EVEN WORSE than last. So, why is it still at $5.70? and not under $4?
Greatest signal when a stock is going lower; when the small retail buyer thinks he has touched the bottom.
that is what people said about US Tariffs; that they would work things out. They did by having US Tariffs enforced and China business dropped like a rock and permitted First Solar and Solar City to clean up the business in US.