Post by
fundtrader on Aug 12, 2016 3:12pm
Strategic review..
Still in play and could possibly be positive for shareholders. Shares should move up next week but this has been a disastor trade for a lot of longs. I guess buying more shares at these levels could reduce average price. Cash on books is almost 3 $ a share..
Comment by
greenpasture on Aug 12, 2016 3:15pm
10 lower 30 min red candles in a row with increasing volume. Don't see that very often. The premarket bids were as low as 12.00 but I did not think I would see that today.
Comment by
green24 on Aug 12, 2016 3:29pm
I could swear I saw the pre-market bid at $10.xx for a few seconds. At -40%+ on the day, this has already slightly fallen below where I thought it would close ($13.50), however I also expect the 3 day rule will drag this much lower by the close on Tuesday. Who knows how low. We are at $12.70 now... 31 minutes to go. Just my guesses so do your own DD before buying.
Comment by
greenpasture on Aug 12, 2016 3:50pm
You could be right. The bids and asks were flashing by fast before open.