RE: RE: RE: Fundamentals (Again) When she broke the news regarding Belcher, I couldn't find anything anywhere. Maybe I wasn't looking in the right places, but it wasn't on Poseidon's site, it wasn't on his LinkedIn profile, it wasn't on any google search related to Belcher and Poseidon.
If you are going to try to explain this in any other terms besides information that we don't have, I wouldn't get too creative. This is a touchy sensitive stock right now, it may have had some downward momentum that occurred by pure random chance. This random downward movement could have been interpreted as a signal that things weren't going well by other traders which triggered more downward pressure and led to more downward pressure still (positive feedback).
The market didn't take the existing information that has been available for the past three weeks and suddenly re rationalize it to determine that this company is worth 50% less than it was worth at $1.50
Ultimately, without a peep from Poseidon, all movement right now should be considered random, if you liked it when the dividend was pulled back on January 12th, you should still like it today if you believe the market is a perfect vacuum of information. Unless of course...it isn't a perfect vacuum of information...
. There is really no way of knowing unless, you happened to have heard something.