RE:RE:RE:RE:Any Genuine Insightso why company issue new 350m if they knows they are going die?
new ceo did not do anything!
why chairman sold 85% position at the first day of the new ceo?
is it possible concordia just find a person to be the ceo and tell the market we have a ceo?
BaytexBull wrote: Look, I am no expert on shorting and I don't know about them ***acting as a group*** like you say or "collectively" but I am calling a spade a spade and that is the company is cooked. No trumpmania is going to same them. From their actions in the earnings it appears that debt holders (spec Goldman) now have total control, and looking back (hindsight is perfect yah I know) at the communication from executives they probably have for the last couple of months. I held a company called performance sports (and I think another poster mentioned it too) going into bankruptcy and the price action mirrored what is going on here. I learned out of that debacle.
Lumberfeverlong wrote: So you seem to be suggesting that shorts are acting as a group and collectively decided it was time to cover, drive the price up and reshort at higher levels to increase their potential profits from a higher short position? Is that right?
BaytexBull wrote: Lumberfeverlong wrote: Any genuine insight as to why this stock has had such a good run the last few days would be greatly appreciated. Trump victory and pound recovery are positive, but the share price action fortels something more.
Shorts covered and reshorted. Same old thing one last time and hopefully some traders made a nice profit. For those sitting and watching it will be like Chinese water torture holding this stock.