RE:RE:Insiders / Funds - Retail Investors = 0 - 1khaled, Walter is not a day trader. He does not care for the pps NOW because he does not want to sell NOW. I have talked to him more than once.
He wants to restructure the company, clean the balance sheet, reduce G&A, reduce the debt and bring D/EBITDA below 3 first.
This process started in H2 2013, and the funds have not sold one single share as shown in Morningstar.com at the link I posted. The existing funds trust Walter and they have not sold.
Since last summer, all the volume is coming from the retail hands and the momentum investors.
The momentum traders want to make a quick buck. If they do not get it, they sell and create a negative trend. The retail investors see the negative trend and they sell too, increasing the negative trend. As simple as that.