5% dilution would mean its down to 40/share or so... and if they pay down debt its kind of a wash anyway... so... its just biz as usual.
but the SEC should nail the sellers of that big 3m share order that was obviously sold on insider info... maybe with the obama administration we'll get some action in these cases.
thank you for your comments. I suggest we all file an on line complaint / tip e-mail with SEC on this as it is obvious someone took the stock down with knowledge. I seriously doubt all that selling volume today (6 times normal volume) was purely by accident.
Did you see the one day chart from Yahoo that shows increase of volume as HCN sold off this afternoon in advance of update and stock offering announcement. If that is not crooked, I don't know what is.
Totally agree. Happens all the time. Wouldn't take much intelligence for the SEC to open an investigation and start sending letters of inquiry to the likely suspects. These soft white collar crime types sing so fast that a threat of jail time to even a few likely candidates would bring everyone in.
Until then, however, we have technical analysis - lol.
It is down even more after hours on announcement of new stock offering. how many of you believe as I do that specualtors got word of the pending stock offering before it was public and sold off in huge volumes enough to drive stock price down so the company cannot get as much money from the offering ( and more dilution). these short hedge funds must be stopped by they are currently getting away with fraud and theivery every time some of these companies have after hours announcements and the stock drops the half day or more before news is released. Where is the SEC when we need them. They are too busy with Madoff.
This is out ragious...insiders and hedge funds got the wind of new offering some thime around 2.00 PM est and started to dump this stock.
We all need to band together and report it to SEC and FINRA.