According to the yahoos on ihub, there is no way it could file for bankruptcy and the stock is a strong buy at 40c with a $5 target.
SunEdison Inc. (SUNE) said Thursday that it filed for bankruptcy protection, a move that has been . The renewable energy company's stock was halted for news. The last trade prior to the halt was at 34 cents, down 93% year to date. The company said it has secured $300 million in debtor-in-possession financing to minimize business disruptions while it restructures. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Chief Executive Ahmad Chatila. SunEdison(SUNE) said its yieldcos, TerraForm Power(TERP) and TerraForm Global(GLBL) were not part of the filing. TerraForm Power's(TERP) stock surged 4.1% in morning trade and TerraForm Global(GLBL) shares climbed 3%.
Can't decide if I want to hold my position in SKX through earnings this afternoon or sell it off and lock up my ~17% profit
Oh god, check this guy out "Well, at least a chapter 11 will allow a continued stock ticker for SUNE and hopefully because assets are worth more than debt, we longs will have a great shot to make some coin! SUNE!!$$" Ok then.
My Tech Trader automation's starting to see rotation from Brazil to last month's healthcare names. $EGRX up 15%; many names $BMY, $WLK, $GILD bullish on Trendlines, unusual volume, and other older strategies. https://www.techtrader.ai/wall/?date=1461222056&post=9311
Too late to trade but an interesting one to look at today is $PTC. Someone bought $200k in calls right before today's 8% jump. The call buying Tech Trader picked up is below. Just shows that someone always knows the news before it's out. https://www.techtrader.ai/wall/?date=1461228055&post=9312 PTC 5/20/2016 35x Calls, 2221@$0.9499 MV: $0.2M | $Not.: $3.1M | OI: 102 | 139.0% TotalOI 20.0% StockVolume | 67.8% OptionVolume
SBUX reports today. If the stock falls, it might go all the way to the 200 sma at 58.60. I don't see any supports under that...but I have a hard time believing SBUX would fall below even that. All SMAs have converged here. Big volume on 4/12 to start bounce off 200 SMA But look at momentum indicators since then -- looks downward. At 58.60 you have the blue trendline support from lows, you have the 4/12 low, and you have the 200 SMA.
My Tech Trader automation is picking up $BMRN as well now to add to the Healthcare/Biotech theme. Very clear rotation going on. https://www.techtrader.ai/wall/?date=1461236097&post=9313
Today's Market Thoughts Google miss now what? Names included Google Facebook Priceline Biotech ETF (IBB)
Talked about this back in March (can't access it because it was posted on the old Hotstockmarket site), but $BRENT has finally made it's way back to the POC.
I hate betting against stock markets but can this rally continue with bad earnings like msft, sbux and googl had? Makes me wonder if I should add to my SPXS or SQQQ position
EGRX definitely with an oversold bounce opportunity to re-test the previous breakdown. Support on the weekly chart down at these levels and the volume is similar to the last time (March 2015). There are two HVN's on the weekly. The lower one is large enough to where the POC has a high probability of migrating down, which often keeps price activity suppressed in a range. If it breaks further north, the second HVN is also almost as large as the POC and will likely serve as upside resistance. You'll also notice the 6month POC is down here at these levels as well. I see a re-test of the previous breakdown around 53-55 (near gap fill) as the high end target.
