RE:New 3 Year Low Inevitable bigzig wrote: Just 25 cents above the 3 year low of $7.25 reached in 2016.
Should be an easy target for the Shorts, with Goldman now shorting 100,000 shares on a regular basis.
If the market correctly perceives Knight as a merchant bank which tend to trade at about 75% of Book, expect Knight to drop below $6.50.
Looks like it will be there in about a few hours. Totally disgraceful what's gone on here the past 2-3 years. Those thinking a proxy fight like this is good for a stock/company are in for a hard lesson. JRG has dropped the ball. Market is making him look like an amateur and his strategy a total failure. I am starting to believe that he's lost his way and is not sure what to do next. Wish he'd do the honurable thing and resign.