I cannot believe the fear in the world today. Not to mention that 35% of the float is STILL short here. What will spark a turnaround and bring logic back into the market, I wonder?
A buyout really makes sense in this stock, especially given this obscenely low price. I want to take a long position now but who is to day it doesn't absurdly fall into single digits? This is pure craziness. My logic says buy on Monday. I guess I should just buy and walk away for two years.
I to can't believe JRCC is trading below Book Price! It's Crazy the deals on the market right now. Stocks trading this far below book is the deal of the century. A lot of money to be made while the market is this far down.
Well, my concern is that stocks were dirt cheap in 2008 when Lehman crashed, and then suddenly two weeks later they got even cheaper.
Also, I really don't know or trust the bottom these days with these algo. traders and high frequency-based quote stuffing BS moves. These machines push the market in any direction they choose and crush the little guys in their wake. They don't care one lick, either. Their greed is insatiable and not earnings-based whatsoever. Book value to a computer is meaningless, and the greedy penny flippers programming them for millions of dollars will crash this market to make a buck.
The fear is real. Just look at all stocks and the haircut that has taken place. With a 35% short of the float it stands to reason that sometime there is going to be a massive cover. Just how long that takes is anybodys guess...