Very wise, and I wonder if the futures could be utilized in cascade of money on a single trade. 300,000 shares in one swallow is pretty hard for even me (I'm being facetious), and I saw post bragging bigger trades at $2.95 and etc. (I tend to doubt those post, being new to the board).
There must be other funds buying those huge volumes at great prices too. We should see those purchases in a few months.
Thanks for the reminder about institutional trading rules.
I doubt that there were many shares available to short under $3, and I don't think you CAN short under $2...and only on an uptick...which was pretty rough to find all day, but that is why you saw the "little wars" go on running the stock up slowly only to be killed in high volume flushing. I think this is another case of portfolio managers that want to answer their customers truthfully and say, "No, we don't have any ELN. Although we're looking at it."
Of course they sold now.
Do you live on this board or what ? I'm taking a chance at 1.70 . Seeing that the stock price is at 1.65 and the EPS is over a dollar, that's a PE of about 1.5. Even if it is higher than that, so what ! As for insiders, How do you know that they are not buying right now ? I think anyone that shorted at 2.00 today is crazy.
I bought in at 1.70 today fiquiring that
that is the most that I could lose. Stock is trading at a PE of about 1.5 . Revenues appear to be strong. If there was ever a stock to take a chance on such a low price, this is it. For me, the downside risk is very limited and with a long term outlook of about a year this could pay off in a big way. The price was just too good to pass up and if it goes down, no big deal.
Yes, and when the Congress did not pass a bill allowing Arthur Andersen to do consulting and accounting (obvious conflict of interest), AA went to Arthur Leavitt, who gave them a special deal. He alone allowed it.