My perspective is that this has now become a "momentum" stock. It IS trading at very high P/E which normally wouldn't make sense, but ever since Blockbuster filed for BK, this has been on a tear. Very little competition...
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Originally Posted by Bishop
What side you playing? I can't help but want to buy puts on this. Yeesh
I am......sitting on the side...munching popcorn. I shorted this earlier when it shot up, made a bundle...
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Originally Posted by Mr.Mike
This WILL blow over like the BP thing(talk about easy money), and BAC will be back
Sure. Which is why you play the down AND the up (when it starts rising). Not just the up....
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Originally Posted by Geoff87
well it broke through that wall of 11.17 and recovered a little, before breaking through again to a low of 11.07, then again recovering at the close....what do yall take from this? I...
Watch this for the next few days. It's gonna be interesting.
My opinion is that it's going down (and not because I'm short, but things aint lookin good. Well...that's why I'm short...right? ), I expect a Moody's and/or Fitch...
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Originally Posted by Tiptopptrader
Money for expansion would be my guess. . .
Nope. Money. Period.
You really think companies give a crap about common stock holders?
