RE:6 million shares today!OMG man, your all over the place with this post.
You have no facts of what is going on, chill.
MyHoneyPot wrote:
A strong followup, after a really strong start to the day.
No explanation yet for yesterday 54,735,253 trading day, expect does it look a little strange all of the management option trades, like barely in the money?
6 million shares is a pretty stong regular volume day, gas is up to $8.7363 U.S.
I would not be surprized to see a takeout by a major, they are think their shares are trading at discount level, but really not to the extent that ARX shares are trading at a discount.
So Eric Nuttal buyback strategy may not alway be the right plan. POU bought 40 million NVA share and the last 17 million at around 60 cents, they still hold them that they are over 13 dollars.
So really share buybacks of someone elses stock may be better than your own, because once you have canceled shares it is not a easy to reissue the shares back to the market.
I am sorry, but there is no such thing as a paper loss on hedging, and really i think shareholders of ARX would drop dead if there ever was a hedging gain. More that two years of risk management just being a cost center.
IMHO