What I saw today was this....1.6 million shares dumped...Spin the FS anyway you want, but the market reaction was swift and decise.
I alluded to it in a previous post. There are some who simply will not accept the reality of the situation.
They looked for a bright and glowing DFS. It did not happen.. The sp crashed, and now they are still posting as if this was just a minor glitch and when the Chinese come in all will be well.
I am going to stick my neck out here...If,,,,and I mean clearly..If, the Chinese do participate, the terms and conditions will be changed so much that there will be nothing left for the shareholders. And quite frankly, I dont see them participating, but I do think there might be a bit of an effort to put a floor on the price for awhile...German markets were closed when the trading resumed...They tend to be a bit more rational there, so tomorrow we will get a much better idea of just where the sp is going.
Yes there may be a dead cat bounce. And even an attempt to pump it back up, but I really can see this stock going to .10...or less ..those that blew their stock off at .30 have to be enjoying the eternal optimism as they can buy back in and sell again on the bounce, if there is one.
Just my thoughts, so I will leave it to those who trot out wise and logical arguments to explain why we should all celebrate this DFS...Seems they are the same wise ones who were trotting out numbers and arguments not to long ago to tell us all that we should jump in at .34 because we would never get it cheaper....
I dont post this often, but good luck to the longs...you are really going to need luck at this time.