Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agree. This just gets better and better!
BAC @ $5.22 already, down .15 :)
Told you, down .105! :) I dont know if it'll drop more but I knew it would drop more than the PPS yesterday!
I have a feeling it will be dropping more, not completely sure how far though.
I agree I have an off feeling about it that's why I havent touched it. Thank goodness I haven't because it's been on a decline and I had a feeling it would keep dropping as it did. I've been waiting for the double bottom. I need to see the low $5's again and even then it may fall through. If it drops below $5 then BAC will become bottomless with unknown measures.
If that is true and BAC has been oversold since $10 and it's been at these low levels this long then perhaps theres an immense amount of dumping for a reason. Maybe BAC and/or Countrywide are hiding behind BK and slowly dying. I will always believe "to big to fail" is a bunch of bs. A company of any scale can go under and in all honesty, this is the perfect timing for it to fold. With the many issues that are surrounding the market and BAC's own personal problems anything is possible. Slowly dumping the stock to decline in small increments, have an occasional small bounce to 'suck in' more investors, but in macro perspective, look at the overall picture, BAC has been performing poorly for an extremely long time and it's finally caught up with them. To top it off, have the fiesta of lawsuits and all the EU problems occurring now. If she does decide to go under, just remember it won't be announced as a headline until it's a $1 and we'll all already know by that point!
I do agree that it's a good week to add, however I'm not adding until I feel that it's dropped enough. I believe it will decline more and get closer to $5, that's when I'll jump on board. Anyone who thought it wouldn't drop under $6 are now .60+ a share under. I will save myself even more by waiting. I still think it will drop at least another .10 from it's current PPS. Hell, maybe it'll go down more. No one thought it would hit $5.13 how it did in early Oct! I'd like to see it drop below that this week.
We'll see, I still bet $5 (or at least low $5's) sometime this week. Technically it's in the low $5's more than mid $5's already (hit a low of $5.32 today) but I'm referring to $5.15 or lower! :) I'd like to see that $5.13 again, better yet under that! Are you waiting as well or have you jumped in already?
I hope you were joking. This still wouldnt have been a green today if the DOW was up 300 pts. $6 by EOW? That will not happen either. Try $5. It may hit $5 (or very close to it) even before Friday. If it keeps it's pattern of losing .10+ a day it will be at $5 by Friday or even possibly tomorrow if it does another nice drop like it did yesterday.
Glad I didnt sell at the lower levels. It's finally moving!
It did move up .01 but still debating. It dropped to $1.09 quite a few times between yesterday and today as well as dipping to $1.08 then even $1.07 in AH.
Many of the trades being executed are being done in 100-500 share increments. Some being as small as 25 shares. I think I'm going to get out here and get in lower. This doesn't seem like it wants to move past 1.10 and this will most likely drop again like it did last time.
Down .07 since my previous post about 15min ago. :)
Down she goes! Loving it! Still havent bought in :)
I have a feeling this is going back down. It's been mostly at the bid for awhile. $1.10 isn't going to hold.
SIRI has finally gotten some action instead of sitting at +a few cents or -a few cents LOL! I was beginning to think SIRI was a sitting duck! Glad it finally decided to take off somewhere!
On the path that I suspected. Currently down to $5.50. Everyone cares about a bottom, who wouldn't? Why would they not care? Lot's of people were saying the low $6's was a good entry point, I have been saying wait wait wait we'll see lower numbers. What has it been doing? Dropping lower and lower. Now the ones who jumped in at the $6's are at a substantial loss and the ones who jumped in at the high $5's could've waited and gotten lower. I still have yet to buy in, this will drop to the low $5's or possibly lower.
EK will gap up in AH and PRMKT :)
The whole market is taking a hit today but EK is taking a massive beating.
To the one who Private Messaged me asking a few questions about BAC. Here are my answers:
I see BAC heading to the low $5's this week. If it decides to drop below $5, I do think it will lose support and fall hard. There will most likely be panic selling which will drive the PPS down considerably. In that scenario, I personally will not buy in until I see stability.
I hope you dont mind me responding publicly on the board but I do not have a paid subscription to this site so I couldnt reply privately. (Feel free to continue to write me privately but I will have to reply on the board).
Just a note, it isn't this far down just because of EU problems. Many other 'big' financial banks aren't this low and have never came close to this low. BAC has major issues which brought this stock to this level and the EU problems just add the cherry on top to push it lower. In all honesty this stocks PPS is accurate in my books and belongs at these levels under $6. Unless one plans on holding LT, might as well wait for the drop under $5 which may occur shortly.
As I stated in my post #2394, I was debating to go in at $2.68 on Thursday and look how far it dropped on Friday (down to $2.51). It looked like a slippery slope Thursday and it was by how it performed Friday! If it can't manage to stay above or at least hold $2.50 tomorrow, I would be extremely cautious about holding because the drop after that could be a nose dive rather than a scale delcine.
That is true, everyone has a different gameplan! The market is all about one's strategy. As long as your not losing money it's a good gameplan! LOL :)
I generally do not disclose the amount of shares I buy and sell. Working with big orders a few pennies with stocks at these price levels is a big difference. When (if) the 'big' news hits I may have shares, I may not but in the meantime I make profit from the PPS fluctuations off the dips and bounces throughout the day. Holding onto shares for days/weeks and just waiting around for the big news is a waste of time and has your funds held up when your funds could be actively making you money.
I personally don't see them going BK but if they do not pay the payment Dec. 1, then hell breaks loose for this stock. I dont see how Sprint would let CLWR go BK (at the moment) considering they are the largest shareholder however, this may get extremely ugly if S decides to discontinue the use of CLWR after 2012. Both of them depend on each other at the moment but I truly believe if S manages to pull it's revenue together and increase their cash flow they will drop CLWR and this stock will see BK instantly. That's my guess considering S has not made any contracts with CLWR past 2012. They are assuming they will make enough cash to generate/make their own network and to drop CLWR by next year. This is all IMO.
I do agree with you about 'to much behind the scenes we don't know'. That's why this is an extremely dangerous play as I stated in my previous post.
It's a dirty mess. Ever since Sprint distanced itself, CLWR has been on a very thin line. This just now pushed it over the edge and in all honesty this could be an extremely dangerous play. I'm going to have to wait this out unless I feel some type of bounce may occur. I would hate to be caught in this if this decides to drop like EK did back at the end of September.
On another note, S hasn't been performing great these last couple days either. It closed at 2.92 on the 15th and hit a low of 2.51 yesterday. Over a .40 gap in 3 days on a stock that generally ranges from $2-$3.
Thank God, wise move by not loading heavy. I sold my block of shares awhile back and have been waiting to buy in. I'm glad I didn't jump in this past week, I would've been having one crappy Friday to start the weekend!
Agree. I still haven't bought in, this just gets lower and lower. If it keeps the downward momentum it will be at a solid $5 by EOW.
CLWR simply needs its funds to keep the business running. In all honesty it may not make the payment or at least the full payment and in that case this will drop again. This kind of news was expected I just wasn't sure when it would come out. We all knew CLWR was a gamble. It was on the verge of either bouncing or nose diving it just depended on which news came first; the bad about the cash flow or the good about a new company using CLWR or buying it out. CLWR will see low numbers next week, I'll be watching it on the sidelines until I think it's stable.
1.16 is horrible compared to 1.13-1.14! It didn't drop down to 1.13 again like I thought it would but I did get 1.14 :)
Glad my order didnt execute at 1.16 yesterday! I have an order at $1.13 currently.
That is true this may continue to drop; that was a nasty dive after that climb. Maybe I should be grateful that it didn't execute, we'll see how it looks tomorrow!
I was debating to go in at $2.68-$2.70 but S seems like it's on a slippery slope at the moment so even at this level I'm unsure. I'll see what tomorrow looks like before I go in.
I was trying to grab $1.16 before close but it didn't happen. Someone got stiffed and got in at $1.18 when there was a gap from $1.16-$1.18 in the last minute. Damn I missed my $1.16!
All I have to say is that I'm glad I still haven't bought in. :) Dropped below $5.80 today! I hope this goes further south so I can get in at the low $5's! I'd like to see that $5.13 again!
I'm glad I didn't jump in at the low 6's I had a feeling it could still drop lower. As my gut told me, it dropped to a nice $5.90 at close. We'll see if it continues south tomorrow, I'm going to grab this thing as low as I can get it.
Theres a 700K+ order at bid of 6.02. Order cost over $4 mil. Debating to get in at these levels.
Update: Now close to a 900K order at bid of 6.02. Over $5 mil. I believe it's a good spot to jump in with these massive block orders trying to pick up shares at this level.
2nd update: Now a 1 million+ order at bid of 6.02. Damn that's huge that's all I can really say about that.
I don't believe it's relevant to the shareholders who don't own an immense amount of shares. We all need news about the sale of patents, any news on the portfolio, etc. etc.
Now theres another new 52-WKL, .102, are you planning to add more cheaps? This thing just gets lower and lower and you just keep adding more 'cheaps' yet your 'cheaps' aren't really cheap anymore when a new low keeps being created.
Update: I didn't see your post under this one until after I wrote this! LOL, I figured you'd add more 'cheaps'. You might as well have waited before buying your other cheaps so you could've gotten cheaper! Haha
This will be going to the single digits soon.
Thinking the same thing! Maybe everyones getting a late start this Monday morning!