GREY:LSTMF - Post by User
Comment by
gvixidon Sep 29, 2011 4:18pm
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Post# 19100752
RE: Petrobakken shares plunge on dividend concern
RE: Petrobakken shares plunge on dividend concern
That would explain it - a div cut is defintely coming.
I've seen this before...there is growing "concern" of a div cut. A stock doesn't drop by 40% in 1 week on "concern" alone. Somebody from the company must have leaked the info, and the investment houses are liquidating or shorting the sh*t out of the stock, hence the massive volume.
Retail guys like us get screwed. Look at ARF and YLO - they'll never recover. Hopefully the same thing doesn't happen here, but it doesn't look good now.