Post by
dacre on Aug 18, 2016 12:58pm
TSN article link
This might be easier to read... https://www.tsn.ca/owner-of-bauer-hockey-accused-of-fraud-and-trying-to-deceive-the-market-1.549259
Comment by
craighenry on Aug 18, 2016 1:13pm
I am sure the majority have read that article (the same article was posted on Forbes and National Post yesterday MORNING). Its not new. What do you think caused the stock to tank 17% yesterday half an hour into open?
Comment by
Toast2change on Aug 18, 2016 1:28pm
That tank was likely due to the fact SEC was investigating and the audit was not just an internal audit delaying the 10-K... Basically it made people realize this may not be as simple as a late filing... Furthermore, profit taking... if you buy a stock at $2 and it goes up to $2.50+ you've made a profit of 25%+ in a day... swing traders were likely getting out as well.