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ModusLink Global Solutions, Inc. Message Board

  • rchrddcksn rchrddcksn Mar 13, 2014 4:15 PM Flag

    today's drop

    Not interesting. But finally today we got the traders who were playing around with this company out. We can now go up slowly but surely.

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    • the stock won't go up anytime soon as it finished on the low - there is some heavy hedging activity going on in connection with the giant convert offering which will most likely continue for some more days given the low average daily trading volume of the stock. Moreover investors are scratching their head about one of the most unnecessary capital raises of all time. If you have a longer term horizon this might be the time to get long but if you want quick gains move on. And move fast.

 
MLNK
3.75-0.07(-1.83%)3:59 PMEDT