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SUNE isn't like other stocks...as far as seeing if this opens lower than the close - SEE AH TRADING
The point your missing is, a lot of companies suspend dividends because its prudent economics..SUNE is a different beast, its doing it because it doesn't have the money and for that reason is why it will be affected differently than others (stocks) that have do so..
you got that right !
Yes and this company is its Worst enemy not the shorts..Gets some momo going and then the hammer drops with bad news ,happens way to often and that's the reason WHY I never hold this after closing or over a weekend - smart trading peeps....A couple gold stocks I'm am in in January reported a reduced Dividend payment both in AH..They went down even more because of that news for a couple of days afterwards.im expecting this to proceed lower than where it opens in the AM....
They will raise funds 27th another public offering then.
What's a low price to get in here at?
Seems I was SPOT On on my prediction....won't be buying either,,not yet any way.
Did some DD last night...seems I was wrong about Tepper. What's worse is I'm reading the COURTS are said to not be in favor of SUNE...
Hoping to get a bunch at .47 in the morning :( ?
The one thing you gotta watch for isn't the dump or shorting during trading hours....its when shorts pull the rug out from under this pre market when there's nothing you can do about it...they love doing that here..
Yup...never hurts to take some profits..
One must do that here....
$1.50's to $1.70's is my geuss. Who knows?
IMHO this trade is not for inexperienced traders....tread carefully.
Like I said...sub $2's
SUNE will not beat estimates...not with projects being cancelled..
alot of assumptions....
ditto,,,,or weekends.
Under $2....
Most likely as this needs to test lower resistance.
She's getting close to your stops.
Just like a OTC or PINK....
RSI needs to take a breather....
Very true....either they missed something or theyy want to add something....
So much for Transparency....they obviously want to Keep the buyers , buying....at what point after postponing does SEC require an extension to be filed?
if gold doesn't drop further....
perhaps another Take Down ? buying opportunity if so.
Wrong....hes pretty much out of ammo friend.
that deal with VIVINT is what started all this :(
sunes main worries currently are / is NOT Delivering on execution (infact cancellations) of pending projects and doing business at a competitive price...
excellent post Lone Wolf.....indeed shorts are very powerful here (see the take down at @6.77ish)...... and I concur that this was heading to sub $1 if some decent news hadn't transpired...look for it to test the last gap as well....ive never been wrong calling those.
and on Monday.
a lot of selling as well that's why it never got up above the .30's....a lot have exited this trade since it last ran past $6...things, dynamics have changed considerably since....just saying....lets keep posts real.
But i've been saying Management needs to GO - heres an excellent example why: [color=redCEOs Who Have to Go in 2016 24/7 Wall St. 02/25/2016][/color] SunEdison (NYSE: SUNE)CEO: Ahmad ChatilaYear started: 2009One year stock price change: -94.5%Annual compensation: $7.7 million
Ahmad Chatila has been president and CEO of renewable energy company SunEdison (SUNE) since March 2009. Spinoffs and company restructuring have created some controversy, and the company is apparently very low on cash. An effort to raise capital in January resulted in the company’s stock becoming severely diluted. The company's shares are down 95% from its 52-week high. As liquidity and business model concerns persist, the big question now is whether SunEdison can still make it -- even with a new leader. With David Einhorn’s hedge fund Greenlight Capital winning a board seat and several senior officials already forced out, Chatila may begin to feel the pressure from the board. A 95% share price drop is often enough of a bad mark for any CEO. That the company is also closing plants in Malaysia and Texas are just more red flags. http://www.msn.com/en-us/money/topstories/ceos-who-have-to-go-in-2016/ar-BBpZ5nb
and heres more reasons to give Management the BOOOOOT ! http://www.msn.com/en-us/money/topstories/if-sunedison-inc-cant-even-get-this-right-whats-next/ar-BBpMEyP .... If there was ever any news regarding the replacement of SUNE's CEO this ticker would RUN hard.... OK winning the Lawsuit means SunEdison won't have to either fund $799 million of the acquisition itself or sell assets at a distressed price to a third party. So NOW WHAT ? >>>>>>>>>>>>>>>>>>>>>>>>>>>>
The question now is whether SunEdison has a viable business going forward. And there are too many unanswered questions to know for sure. "Case in point are just a dew examples in the ABOVE paragraphs" What has me concerned is that execution on building projects has been weak, margins on sales to third parties has been low, and debt costs have been on the rise. Add to that the fact that SunEdison is reporting massive losses quarter after quarter and there's still too much risk of bankruptcy long-term for investors to dive in. Vivint Solar will actually increase SunEdison's losses and needs for cash, so good news today doesn't mean good news for investors long-term
Now what: Short-term, this is very good news for SunEdison and all of its related companies. Early this year, management laid out plans to make it through 2016 from a cash standpoint, but that was contingent on TerraForm Power helping fund the Vivint Solar acquisition. Now that we know that's actually happening it takes a lot of risk off the table.
The question now is whether SunEdison has a viable business going forward. And there are too many unanswered questions to know for sure. What has me concerned is that execution on building projects has been weak, margins on sales to third parties has been low, and debt costs have been on the rise. Add to that the fact that SunEdison is reporting massive losses quarter after quarter and there's still too much risk of bankruptcy long-term for investors to dive in. Vivint Solar will actually increase SunEdison's losses and needs for cash, so good news today doesn't mean good news for investors long-term. Now what: Short-term, this is very good news for SunEdison and all of its related companies. Early this year, management laid out plans to make it through 2016 from a cash standpoint, but that was contingent on TerraForm Power helping fund the Vivint Solar acquisition. Now that we know that's actually happening it takes a lot of risk off the table.
The question now is whether SunEdison has a viable business going forward. And there are too many unanswered questions to know for sure. What has me concerned is that execution on building projects has been weak, margins on sales to third parties has been low, and debt costs have been on the rise. Add to that the fact that SunEdison is reporting massive losses quarter after quarter and there's still too much risk of bankruptcy long-term for investors to dive in. Vivint Solar will actually increase SunEdison's losses and needs for cash, so good news today doesn't mean good news for investors long-term
If this doesn't break above $2.32 before close,,,,it Will test the gap Monday..
Do your DD
Next report in May
Good question