Ok so this stock has a price to book of 0.28, would have been a 40% div yield ( had they not cut the dividend). Did this stock only drop since they cut the dividend? Do investors not care that the Assets - Liab's of the company are worth much more than the company's stock? Seems stilly. Buffet often suggests buying at a discount to book value, which we definitely have here.
On a technical basis, RSI on the W is lower than ever before in history. Considering this is the middle of the first 2 consecutive green candles, I think this is an optimal entry for an 13.8 to 1 risk to reward trade. Only has to work greater than 7.14% of the time to be profitable.
58% of shares were short as of 08/14/19, per yahoo finance. Just imagine what will happen when they cover or there is a buy out~!
Get in while you can.
Cheers, Broom
On a technical basis, RSI on the W is lower than ever before in history. Considering this is the middle of the first 2 consecutive green candles, I think this is an optimal entry for an 13.8 to 1 risk to reward trade. Only has to work greater than 7.14% of the time to be profitable.
58% of shares were short as of 08/14/19, per yahoo finance. Just imagine what will happen when they cover or there is a buy out~!
Get in while you can.
Cheers, Broom
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It popped, and it's still poppin
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Popped
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Pooping
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Thanks for the support guys. It's hilirious that my top chart I forgot to save the graphics on the chart before posting... LOL! follow me @benny_stacks on twitter
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trade closed, target reached.