hi, anyone out there know why there is a STRONG jump in the price. Like almost 10% up in one day. Unheard of for this stock. Is someone going to buy NOOK Media???
typical Friday day trading on some rumor -- nothing is happening except a dividend didtribution possibility. just hired new nook head so no change is expected
takeover RUMORS only!
they could just stop making Nooks and it would be bullish...
the current level of Nook losses and cash burn is unsustainable.
Since it is unsustainable, we know that it will not be sustained.
When they either sell it or pull the plug, the stock will soar, because the stores throw off major free cash flow.
Then the shorts will be sore.
Rinse & repeat