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It is very near its 52 week low. It dropped drastically on Thursday and Friday. Yet there are some guys on Twitter talking about shorting it. But they don't explain why they want to short it. What do you think?
P/E = 50.2 (or a 1.99% return this is no better than a 10 year treasury bond)
PSR = 33.7 (or $33.70 invested/every dollar of revenue)
Current Equity:Shares Outstanding = $5.76/share
Total Equity:Shares Outstanding = $6.48/share
Current Price = approx. $36.00
Way overbought from a valuation standpoint. Unless you think that the border security business has huge growth potential I wouldn't buy this company for more than $6.48/share.
There are many other companies out there that are way undervalued (the banking sector would be less risky). Through this fish back in the ocean to grow or be eaten.
Looks like the overall Market trend is going to take this one down in the near term. Too erratic for me to go long or short.
APKT had huge 2 day drop. Should I buy
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It is very near its 52 week low. It dropped drastically on Thursday and Friday. Yet there are some guys on Twitter talking about shorting it. But they don't explain why they want to short it. What do you think?
Why would you want to buy?
If the market is rising (as it has been) and the stock you are looking at is falling, what does that tell you? What makes this a compelling buy?
Unless you have some information that the general market is not aware of you should proceed with caution. The DJIA has risen some 1500 points since 10/4/11. If the DJIA falls 100, 200, 500 points would you expect the stock to go against the grain?
Unless you have some information that the general market is not aware of you should proceed with caution. The DJIA has risen some 1500 points since 10/4/11. If the DJIA falls 100, 200, 500 points would you expect the stock to go against the grain?
It is looking for it's 200 day MA around $25, maybe not real soon, but soon enough.
That is one ugly chart. A retracement back up to 35ish (aggressive) or 41ish could be a good short entry (currently at 31.08).
Who on the Twitters was discussing shorting this issue?
Who on the Twitters was discussing shorting this issue?
I once took a course in technical trading. It was all about charting and making trades based on what the charts are telling us. A few years later I have determined that (for me) charts are no more than a historical representation of what a stock has done in the past. Future prices are not going to be determined by any number of lines of resistance or support you can draw on the chart. There are basically 2 things that determine the direction in which stock's price will move.
Those are supply & demand. The number of shares for most stocks is a number that can be determined. It can change however with buy backs and additional offerings (dilution). Demand is much harder to predict and is often linked to news. Consider an oil rig exploding in the gulf, a major recall of a product, earthquakes, death of an CEO, etc. etc.
Look at a 5 year chart of DTG. In late 2008 or early 2009 it appears as if the company is going bankrupt. The stock was availble for as little as $0.75, but a year later it was well above $50.
Those are supply & demand. The number of shares for most stocks is a number that can be determined. It can change however with buy backs and additional offerings (dilution). Demand is much harder to predict and is often linked to news. Consider an oil rig exploding in the gulf, a major recall of a product, earthquakes, death of an CEO, etc. etc.
Look at a 5 year chart of DTG. In late 2008 or early 2009 it appears as if the company is going bankrupt. The stock was availble for as little as $0.75, but a year later it was well above $50.
TJ, I don't stray too far from your philosophy. For me, the candlestick patterns provide a representation of the spot sentiment (supply/demand - selling sentiment and buying sentiment). You can track the candlesticks minute by minute to see the open/close prices and volumes. It's like when you're sitting on a surfboard waiting for a good wave to come; depending on the tidal fluctuations that day, there will be a certain historical pattern that you can count on to provide the expected next big wave. It's not a guarantee, but if you're out there long enough, you get a "feel" for what's coming next, based on the previous cycles.
I consider the Market an organic entity. There is a spattering of reality in there, but much of it is smoke and mirrors, manipulated by HFT voodoo and whatever outside influences you can think of. It's really a peculiar creation of humanity. My wife is always questioning how one can make money out of something that doesn't really exist tangibly (options contracts).
I used to try to trade against the prevailing sentiment (always been the fish that tries to swim upstream), but now I trade with the prevailing sentiment and protect the contrarian view with a small percentage of the primary issue with a counter pair. Shap would scold me, but I've abandoned large dividend yielding positions for now, until the Market becomes less volatile (and until year-end bonus time - it's that time again when I dump my assets into private investments).
APKT down almost 5% today on higher than average volume. I won't know what that means until next week. =o) All I know is I'm not buying it. Maybe a slot machine Put position the price of a nice dinner for two with a bottle of fine wine, perhaps. Because my wife would be just as impressed if I shot a couple pigeons, dressed them and broiled them (all for nearly free), foregoing the expensive outing; don't forget the soy sauce, they're gamey birds.
I consider the Market an organic entity. There is a spattering of reality in there, but much of it is smoke and mirrors, manipulated by HFT voodoo and whatever outside influences you can think of. It's really a peculiar creation of humanity. My wife is always questioning how one can make money out of something that doesn't really exist tangibly (options contracts).
I used to try to trade against the prevailing sentiment (always been the fish that tries to swim upstream), but now I trade with the prevailing sentiment and protect the contrarian view with a small percentage of the primary issue with a counter pair. Shap would scold me, but I've abandoned large dividend yielding positions for now, until the Market becomes less volatile (and until year-end bonus time - it's that time again when I dump my assets into private investments).
APKT down almost 5% today on higher than average volume. I won't know what that means until next week. =o) All I know is I'm not buying it. Maybe a slot machine Put position the price of a nice dinner for two with a bottle of fine wine, perhaps. Because my wife would be just as impressed if I shot a couple pigeons, dressed them and broiled them (all for nearly free), foregoing the expensive outing; don't forget the soy sauce, they're gamey birds.
Jano... I am just the opposite and have become a dividend investor. Every position I hold is yielding a healthy dividend. Had to cut some stock loose yesterday due to a dividend cut, but I did it early enough that I did not lose my shirt. I currently hold 9 stocks, but Cramer would say that I am not well diversified and hold too many stocks in one sector. The dividend cash register was rung this morning and I have a couple more coming next Monday.
I wouldn't place those APKT put positions early today. The market looks like it is going up nicely.
Shooting pigeons... doesn't that qualify for some humanitarian award? Please don't forward this to PETA!
I wouldn't place those APKT put positions early today. The market looks like it is going up nicely.
Shooting pigeons... doesn't that qualify for some humanitarian award? Please don't forward this to PETA!
Waited until after lunch to place an order for JAN 35.00 Puts. Money is going where the mouth is; hopefully I won't have to swallow.TampaJake said:
I wouldn't place those APKT put positions early today. The market looks like it is going up nicely.
P/E = 50.2 (or a 1.99% return this is no better than a 10 year treasury bond)
PSR = 33.7 (or $33.70 invested/every dollar of revenue)
Current Equity:Shares Outstanding = $5.76/share
Total Equity:Shares Outstanding = $6.48/share
Current Price = approx. $36.00
Way overbought from a valuation standpoint. Unless you think that the border security business has huge growth potential I wouldn't buy this company for more than $6.48/share.
There are many other companies out there that are way undervalued (the banking sector would be less risky). Through this fish back in the ocean to grow or be eaten.
APKT is down nearly 18% in after hours. I sold off my JAN 35.00 and 37.50 Puts awhile ago for reasonable gains, but it would have been interesting to hold until now.
Anyone risking a risky short here?
Anyone risking a risky short here?
Good thing I didn't go short after January 3rd.
Could be a buying opportunity here at 30.50?
Could be a buying opportunity here at 30.50?
Up 18.71% since Jan 4th, it has outperformed the market for that time period handily, but an overnight drop like that on Jan 3rd would be a real bummer to your New Year's cheer. On this one you might take a page out of Otter's book and trade it on a daily basis and not hold overnight. With today's decline it may have run its course and be headed south again.
Looks like the overall Market trend is going to take this one down in the near term. Too erratic for me to go long or short.
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