Care to explain who is buying 36 M shares in a single print? Don't start will your stupid arguments like somebody is selling...Blah..Blah (Everybody knows that the former bondies are getting rid in chunks)
Who are buying these big blocks? So, you smart asses on this board think you're smarted then some big hedgies that are dumping millions in to this company that has no future???
I bet you can't explain the stock behavior. This is not being moved by daytraders (The stock has been so flat without any volatility) for last 7-10 days.
Yes the old bondholders are probably dumpting their shares and yes the big boys are accumulating. Is that a fact? No. Is it more than likely that is the scenerio? Yes. This was once a strong company and leader in its space who has gone through a very rough patch but with the economy improving should come back strong. They have used the downturn to cut a huge chunk of their employees, close terminals, re-work their union contracts and eliminate a huge portion of their debt through the equity swaps. Offcourse the big boys are buying this play on an improving economy. Just like they bough other beaten down but not out companies last year when the saps were selling. Happy trading.