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Seems like there is a lot of dilution. What's the reason?
Technically speaking, it would be better for shorts to close around $18 or a bit higher than if it closes around $17.57 or where it opened this morning.
Gap down with a dragonfly doji is bullish, specially since volume today is higher than average.
Good luck
What's going on now? It's back to green
Shorts won in here. I doubt financials will dig this out.
It held over $21, that's where te 200ma for the 30 mins time frames. That's bullish given the rise from yesterday.
Charts consolidate you know?
I made some good $$ yesterday and glad I sold, but this is holding great for a consolidation.
I still think this could reach out $30 before the end of the month, whether it's an uptrend or just a bounce.
Good luck
Yup, it just broke it. Congrats on your shorting
I don't know man, I'll be careful if I'm you. The chart is in consolidation and just formed a double bottom. If it holds that will become prime bounce and will confirm the uptrend that started yesterday.
https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=VRX
Even AmericanBulls changed its signal... They got eaten at $20.08.
My December calls tripled today... looking forward to the next couple weeks.
Congrats to all the Longs, crazy manipulation they had to hold the PPS down... FYI, There are still millions of shares short, it will be very interesting to see how are they going to cover without triggering another major squeeze.
Actually is $10 Billion. But yeah, this thing could go above $30 before the end of the week. Crazy day
Yup! Monster squeeze... there are still millions of shares shorted. Crazy, this could reach $30 before the end of the week if they all cover.
Brutal day all around for the pharma industry sector. Huge volume today, next week will be very interesting to see if it will reach 52 week low. Although, technically speaking a bounce is imminent. Very oversold stock
Jim Cramer Gives His Opinion On Valeant and Chevron
10/28/16, 3:27 AM
Jim Cramer said on CNBC's Mad Money that he doesn't agree with Bill Miller about Valeant Pharmaceuticals Intl Inc (NYSE: VRX). Miller revealed in an interview on CNBC that the stock could double in three years. Cramer doesn't know if there are any buyers for the company and he is concerned about the balance sheet. He doesn't want to buy the stock.
For now, the downtrend channel met a strong support channel that is proving higher lows.
Right now you are speculating that it could go lower if financials are much lower than projections, opposite could happen if they have gains. But, for now, technically speaking, looks like a bounce it's about to happen, my guess by looking at the chart is that it could easily reach back to higher $20s. From there, we will see but I won't be holding past $28
Good luck
I don't know man, but technically is showing a strong reversal in the move.
This could pop anytime, 14 day RSI is super oversold, MACD is crossing. There have been higher lows as well. Maybe is time to cover.
2M shares purchased
More like a descending triangle. Will break out soon.
I work very closely to mortgage brokers and loan originators... They all agree there is no substitution or platform that could take on 100% of the features that these companies can offer.
No way! They would have done it already when they were vulnerable... These companies still hiring and offer stockholders plan to employees...
That's not news, it's an opinion from Fox News... There are many reasons why this article is not plausible and it takes someone with couple inches of forehead to understand that.
Qualifying ratios are lower than before, stated income does not exist, regulations on qualifications are at the toughest yet, underwriter guidelines are way tougher than ever, rates are significantly lower, option ARM and ARM programs are almost non existent, appraisal companies are independent contractor that are highly regulated, government loans transferability is way easier than before, etc.
Fannie and Freddie are the backbone of the US economy, you mess with them and the risk of crashing the economy is very significant.
This is very serious matter... Biotech corps might be trying destroy Chipotle for saying no to GMOs.
http://www.naturalnews.com/052405_Chipotle_ecoli_outbreak_corporate_sabotage_biotech_bioterrorism.html
Intraday is starting to look bullish. Daily chart might close with a Gap down and hammer candle with volume. That's pretty bullish. Tomorrow will confirm if this is a bottom
Clearly you don't know what you are talking about. You have to post a link of an opinion from the Motley Fool... That being said, I'm going to help you out with simple math... Ready?
The fully diluted share count for GOPRO is 146M shares, the Short interest is at all time high around 40M shares... That's a bit more than 25% of the entire Outstanding shares balance currently being borrowed, which at some point in the very near future needs to be returned...
So, who has an interest that the share price drops?
TA da da daaaam! Any guess?
If you said SHORTS, you guessed right! If not, you could try again... But only one more time...
And FYI, I'm not sure where are you getting your sources, but GOPROS are way more advanced than the competition by years light! The software and add ons are going to revolutionize the market in a way that no other company will have a chance to compete... And it's all patented.
Right now, this is a small step in the road... Wait after holidays and mid next year, we will re visit your post.
That would only happen when short manipulation stops. There are over 40+ million shares short at the moment. All they are doing is wash trading to reset the return of those shares. They knock the PPS down at opening, then wash trade through the day until investors get tired and sell. Also to get call options expired.
The only thing that could really affect shorts big time, is if the company announces that they are actually purchasing shares, that could hurt their pockets tremendously.
I don't know man... If this thing turns into green today, you would know the little island been heavy accumulation... I'll be more worry if I'm shorting this at this levels
"In response to the allegations, a GoPro representative told CNBC the company's timeline of patents proves that it was working on the Hero4 Session long before a competitive product was unveiled. The representative also said EU patents for the Hero4 were issued in March and that the company is still awaiting a U.S. patent that it sought last year."
If this is true... Damn, Polaroid will be wiped out completely of the market.
What a dumb lawsuit.
There are over 32 Million shares currently short. If the company is in fact buying shares right now, wow! Someone might not be able to cover without loosing the house... Average trading day is anywhere between 5-10 million shares... Go figure
Short covering might have began!
I agree. Someone is buying heavy and shorts couldn't take it down. It will be nice to see insiders buying, that would bring more confidence to the table.
You know what's scary... More than half of the float is currently been shorted and not returned yet. Someone was absorbing all those shares dumped at the bid and they were no short covering.
If the company is who is buying, you will have to up to almost 12 million shares to break them, if it was not the company, then potentially an institutional investor with lots of dough. Either way you got 3 days to cover, which means even wash trades to reset the short positions could cost a lot of money.
Any good news could send this potentially back to who knows where.
A squeeze could be imminent
Wow, that's almost. 50% down for your friend. Good luck to him.
In a positive note, the short number is more than half of the float, which is crazy. If the company is sitting at the bid absorbing all those shares, damn... A short squeeze could be imminent and might the levels where he invested at. Cheers
I don't think it's bad at all. The company clearly has cash and they are planning to invest more into marketing and R&D as well, which tells me they believe in their product and the potential it has in the market.
By buying shares at this level, they believe their stock is undervalued which ultimately will increase their valuation as growth occurs.
GoPros are one trick pony cameras that they are way ahead of their competition. Seriously, the Millennials own that market and all future generations. As long as they keep the prices where they are at, they will keep buying it
Also, they have improvements and updates on their accessories, which ultimately leads to upgrades.
I'm a buyer at this levels, for sure.
That's great for shareholders! Shows sign of confidence. At this level, the company is purchasing around 12,000,000 shares. It's the opposite of dilution.
AMBA is rallying, hopefully that's a nice indicator of what's coming up in here.
Good luck
350k buy... Whales are loading big time...
Nice man! Yeah, I hope so too. I seen couple big buys and seems that someone is accumulating big time.
If they come out with good earnings, this will fly back to $35-$40 in no time.
Crossing fingers. Good luck
A whale just bought 120k... I'll follow whale's money.
Just like they were never Going to publish a patent...
http://www.freepatentsonline.com/y2015/0294535.html
It's been a game for quite a while now. However, the chances of getting released from conservatorship and forcing the $40M + open short positions to cover... Damn, that will take this stock to prices we haven't reach yet within the past 7 years
This time, the accumulation base was above $2, where the previous run from couple years ago was on the $1.5 range and so on. People are not scared anymore... Most people understand the risk/potential
Ok, it's all speculation at this point... But what is a fact is that hedge funds been loading for two reasons... Long term and day trade... So, the free trade float keeps getting smaller and smaller... More people see value in it.
2 years ago, every time Corker opened his mouth, the stock would drop 20-30%... This time, he even recommended to short the stock, instead it went up quite more. So, there you go
Wow, you are not saying back to $.5 any longer... $2.30? Congrats man, finally you starting to see some value.