RE:RE:RE:Just wondering.....
happyretirement wrote: Are you then saying that computer algorithm trading could not be considered manipulative and deceptive practices during day trading???
Thanks in advance for your reply....
Programming computers to short sell is not illegal to my knowledge. For every buyer of a stock this is a seller.
This stock is going down because their financials are a wreck and they have weak management who can't even give guidance. The company has more debt than assets and that is why buyers left the table and the bondholders don't even think the assets will be able to cover their debt. No bonds trade at 18 cents on the dollar that I have ever seen in my life. Are you suggesting there are "manipulative and deceptive" trading in the bond market as well? The debt market is where the smart money is and it is saying that the first-lien note holders now may not get their money, the unsecured bondholders WILL not get their money, and the equity is worth zero.
Why don't you do something useful with your time and get the bulls on the board to each chip in $5 so that Oberman can buy 100 shares. That would do more confidence for the stock than you advancing a theory that there is "manipulative and deceptive practices during day trading"..