The investors must believe that there is substantial upside buying shares at $18.35 if they are investing $3 billion dollars.
They had to invest $3 billion to get that price. Currently you can buy one share for less than $18.35. I would believe that now is a great time to buy a few shares, I'm certain that the investors had better information than the market.
Yeah,,,,Thats on top of the 3 Billion form a debt sale in April 2013....Have ya ever wondered where all this cash is going? How bout the fact this company has lied bold face to all Investors in the US and Internationally......This fraud will be shut down...........
I don't understand the pricing, why would they price in the 18's when just 15 days ago ABX closed at 17.23. That a a huge premium. If they would have priced in the 17's that would have been a great bottom support but no this will just accelerate the free fall. I'm worried the big guys will slowly exit their positions and the free fall will continue. I sold half of my position and guess I'll hold the rest to see if anything positive happens.