The story about the relabeling is no longer on the cover page of Value Walk like it was earlier today. Was this a story for a quick buck on a Friday, with Greece on the hot seat, with a weak market going into one of the weaker months of the calendar year and a rebalancing before today's close knowing funds would be dumping their losers. There was supposed to be a story to follow....I guess we will see if any story with teeth shows up over the weekend if not whoever pulled this off is counting their money over the weekend with some extra vacation cash.
It comes out of the gate makes a new high as the market tanks then as the market cuts losses in half the stock struggles. It does this from time to time recently. Possibly the new highs are creating caution too.
Each time Cramer gets on board the stock goes down....maybe behind the scenes his hedge fund brothers are shorting the pops?
It's obvious he or she is short and that's fine but if the person even has a son why would you joke about the possibility of something happening to your son?
Putting the stock's action aside I don't believe your story and if it was true why would you finish your statement with words like that?
Just read it the author discloses he is short of course they release this news when market sentiment is poor and before a weekend. Let's see how it plays out.
I usually read these reports and figure out the direction a stock will go after and in most cases I get it right. I guess I got this one wrong I actually thought considering the oil environment that the release yesterday was actually good despite the slight revenue miss. Maybe it will take a few days for this to turn around and go positive.
Oil is down a bit but this near down a $1 after what was actually a decent report this is over done. I'm buying down here in the $11.80 area now.