I see you still refuse to face reality. How was I to know that management was stupid enough to adjust the 2004 Employees' Stock Incentive Program purchase price to a maximum of $3.54? If that hadn't happened this would be at $4.40 - $4.60 now. Talk about ignorant mistakes by management. I guess you knew that the company was being dropped from the Russell index starting on Monday two weeks ago? I didn't. One day this was trading at $15.00 and the next day $3.00 - who knew. I look at available information and see a trend. When the information/facts change then I adjust my view. I use the situational approach which is what I learned from all those Havard Business school cases - it appears that you're more inclined to use the emotional approach which is fine if you're at a football or basketball game but not in the stock market. You can either take my advice or ignore it and keep chanting "GO THLD"!!!
Lowering the price to $3.54 gives employees (speciallly key employees) the incentive to stay with THLD. I would assume that a good portion of their compensation is in the form of options. After the announcement in May, these options were underwater and worth nothing. To keep the team intact (as well as morale) mgmt elected to reprice them at $3.54.
I beleive this is a bullish and wise move. Have you noticed any key personnel resign in the past 5-6 weeks. I have not.
Will the next move be to reprice the 2005 incentive program at $2.50? I guess you'd see that as an extemely bullish move? Unfortunately you are not in tune with the market on this issue - otherwise the share price wouldn't continnue to drop. We'll see on Monday who is correct - I say this hits $3.40 next week - maybe $3.25 in a down week. Keep buying as it falls - I'll wait for my target price.
You don't really know whats going to happen, no one does. if you are that good in predicting price movements in thld or any other stock - you would not be posting on a message board on a Saturday afternoon.