You may see a near flat close today it's the weekend people wonder about news on Monday but if there is no news each day I believe it grinds lower like it did last time after the initial announcement.
Based on what Cramer said yesterday a couple of times who actually does move this stock I believe his hedgie friends are short now and this may go lower. It may need some consolidation considering the revenue number the other day and the recent move from the $7's. I nibbled near yesterday's lows so I am hoping for a move to the $8.50 area so I can get out and get back in lower in the near future. Short term possibly lower long term with their recent purchase I think they will do well. Just my take for now good luck!
He did he is now down playing the shares which means he already tipped off his hedge fund brothers who were shorting near $9. I've seen him flip overnight on stocks like this case.
Read the news story if you have it. It has an analyst who stated that there would have to be a lot of explaining by management as to why they passed on the deal considering the recent range of ALTR's shares. Who knows it may still get done eventually but if INTC does approach someone else (they did talk about BRCM being a better fit)I guess we would see a similar reaction like we had before today's open. The trading in ALTR will get interesting if nothing happens for awhile. I don't know if it matters but intra-day the shares to short were no longer available through my broker. I guess this could go either way at this point.
He's been singing about RAD a lot recently so when the stock pops to $9 he suddenly becomes a basher and do you know why....he has already tipped off his hedge fund brothers near that high that he would start talking the stock down. He is very good at this and the WS crowd is really his family not his viewers.
Maybe it's just time for the shares to move along with the possible sector consolidation floating around.
Nice I was debating when it was near $36 when I first put it back on my screen. At the time I feared it may test that $33.00 low....Oh well. However if no deal arrives I believe it fades like it had done the past week or so after it hit that $45 the day of the announcement.
This is what momentum guys and HFT's can do very quickly. I think most of this is just a short squeeze based on the thought that somebody else may come in. I say a short squeeze because the shares were available to short until about an hour ago with my broker. I think the $43.71 is the top for today.
or even INTC again pretty bold thinking I guess. The stock is now $10 off the pre-market low pretty amazing. The market is pretty good at this especially with the advent of HFT's but if there is no deal within a week then what happens here? I think you see a near flat close at this point somewhere either just under or over $42.