Well done. Price kept rising even though this days news was coming.You need to be confident that the fundamentals really are crazy wrong compared to the price.
Well done. Price kept rising even though this days news was coming.
I suppose if the majority agrees that look could come true.On the other hand looks like a good price to buy now.
I suppose if the majority agrees that look could come true.
On the other hand looks like a good price to buy now.
It's looking a little blowoffish, and the report didn't try to gloss anything.
It was kind of a brutal clear the decks kind of statement to the market.
Similar to the last profit downgrade.
I don't know which way price will go from here but let's look at today's two notable data points.And do you agree with that assessment?
I don't know which way price will go from here but let's look at today's two notable data points.
1) Volume was higher than yesterday and more than 10 times the average volume
2) Trading closed nearer the opening price which suggests the excess supply for today was taken up and higher prices were sought right up to the 4.10 p.m. match up.
Apparently Deutsche Bank is looking for 16.6m shares @ 2.60 for a fund
Apparently Deutsche Bank is looking for 16.6m shares @ 2.60 for a fund
$2.68 high today after company confirmed the $2.60 purchase for 10% of the company. Some lucky players who bought on the sell off.
Approximately 16 million shares (9.65%) of the Company traded this morning in a pre market transaction at the price of $2.60
Perhaps Invesco copped a margin call and had to bail. So a broker ran around looking for a buyer and got one. Invesco were the only ones with that size stake and why else would they sell after such a capitulation unless they had to? It's been sold as someone taking a stake which is perhaps a little more positive a way of putting it.
I mean if I had a 10% stake and just copped that kind of bashing and a broker rang me and said we have a buyer who wants 10% would you sell at 2.60 when it was 3.50 two days before? f#$k no!
Disclaimer-I held 1/4 of my short and am looking to increase it again! Just under 10% is not a controlling stake.
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