RE:RE:Day trading this...
I agree the sp before the drop @ $9 ish should have and most likely priced in potential AC non renewal - but that was 3 years down the road and there were hints before the drop the renewal might not happen.... AC sending the letter of non renewal proactively 3 years before was a surprise. I still think they could come back into the fold with a deal however.. Pure and simple the market over reacted. Everything from that point was caused by the over reaction - dividend non payment etc. Fears of redemption run.. Have seen alot of these over reactions lately, but true value eventually comes forth. Let's see if near close today was a V shaped stop loss run? -Uber