Kevin_in_GA
4,599 posts
msg #79849
- Ignore Kevin_in_GA
modified |
9/22/2009 3:36:14 PM
Support levels were determined by what method?
on 9/14, IBD ranked BJRI at 88. Today it is at 72. Odd, no way there was any change in EPS, growth, fundamentals, etc. Must be entirely price driven.
EDIT: at 3:50 PM, it has broken the 3rd support level you were talking about - never mind, it just popped back up to 15.36 as I was typing!
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gabestogie
79 posts
msg #79850
- Ignore gabestogie |
9/22/2009 3:45:18 PM
Kevin:
Go to
FREESTOCKCHARTS.COM
Gabe
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gabestogie
79 posts
msg #79851
- Ignore gabestogie |
9/22/2009 3:56:46 PM
I can't find any reason or news out on it so I may hold off to find out why such a big one day drop.
G
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Kevin_in_GA
4,599 posts
msg #79852
- Ignore Kevin_in_GA |
9/22/2009 3:58:35 PM
BJRI volume going into the close not impressive. I'll hold off until tomorrow on this one.
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Kevin_in_GA
4,599 posts
msg #79853
- Ignore Kevin_in_GA |
9/22/2009 4:00:53 PM
a24ali:
Any chance you counld look at today's effective volume for BJRI? Is this a mass exodus of institutional players?
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stratiG
147 posts
msg #79854
- Ignore stratiG |
9/22/2009 4:06:51 PM
From IBD
SmartSelect Ratings
Rating Checklist
Composite Rating 73
EPS Rating 95
RS Rating 47
Group RS Rating C
SMR Rating B
Acc/Dis Rating C-
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Kevin_in_GA
4,599 posts
msg #79858
- Ignore Kevin_in_GA
modified |
9/22/2009 5:29:18 PM
This is all I have found on BJRI so far for today:
Link to SeekingAlpha Article
Bearish Flow
BJ's Restaurants (BJRI) is seeing unusual activity. Shares have been under pressure throughout the session and were recently down 91 cents to $15.43. Meanwhile, options activity picked up to 64X the average daily and most of the activity is concentrated in the Nov 15 puts. 4160 traded, with two thirds hitting ask-side and open interest of only 10 contracts. ISEE data confirm that customers are buying to open and BJRI implied volatility is up to 48, from about 45 late Monday. No headlines to explain the bearish flow.
Being ignorant of options, what does this portend for this stock?
ADDED: Stock is up 1.43% ($0.22) after hours.
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richo
74 posts
msg #79861
- Ignore richo |
9/22/2009 7:08:03 PM
I also got AIPC@27.17
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Kevin_in_GA
4,599 posts
msg #79863
- Ignore Kevin_in_GA |
9/22/2009 7:30:02 PM
AIPC no longer part of the IBD watchlists - currently only rated at 45. That doesn't mean it won't be profitable, though.
Please make sure you are using the most recent watchlists (updated on the first post of this thread).
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LebowskiUrbanAchievers
56 posts
msg #79864
- Ignore LebowskiUrbanAchievers |
9/22/2009 7:45:50 PM
Kevin,
Could be non enforced insider trading as earnings should be out in October. Or it could be a pullback from people hedging positions with buying puts at 15 and 16. I would wait until tomorrow. However since the second quarter saw revs increase 17% and they just opened 2 new stores I wonder if the earnings for 3Q might not hit estimates and we see a strong finish in 4Q.
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