Stelco Holdings Inc T.STLC

Thank goodness I sold half yesterday

[prested]

Vindiacted by today's drop in SP. No idea WTF is going on here but this company is bleeding cash but none of it is trickling into my pocket directly or indirectly. Lotsa good prospects out there that one can see doing better than this. I just don't feel that the shareholders mean squat to this company. I'll probably sell the balance before year end.

[nedstar71]

Yes hindsight is 20/20 but the move would have been to sell them all on the open market and if you really wanted to buy back in the next day once it predictably dropped.  I'm amazed so many shares did tender.  I wonder who? Hopefully nobody who just bought thinking they'd play the arbitrage as that would have been a disaster once they get their tax bill. It will be interesting to