RE:For Those Who Care About Fundamentals
Lumber, you seem to forget that solvency does not equate to stock price. I'm 100% neutral now, no position.
What I can tell you is the stock price is in a really bad position. As selling continues (little guys going YIKES!) and large funds selling and index selling as this thing gets knocked off indexes (look at Baytex last year as they came off indexes and divi funds)....
WIth court cases starting October 5th. Etc. You have to be a real, old, classic investor to hold on to this toxic mess and let it be your lesson. Most people need these rude awakenings to finally clue in the markets are not friendly.
As for fundamentals, you have assets in the books that are overpriced and being written off, you have management themselves NOW guiding down for 2016, WTF do you need to clue in?
But hey clueless longs, if you want to buy more, please do it on a fake run ok? I need to reshort this next week! Don't want to miss the big capitulation coming! Should be a NICE one!