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America First Multifamily Investors, L.P. Message Board

  • sputnick_again sputnick_again May 14, 2013 9:51 AM Flag

    if I ever get out I will forever stay out.

    Charts and news didn't prepare me to lose this much m oney. Still no news why price is collasping. hopefully we will see it stablize today and we can get back on a recovery. right now i suspect people are selling because they don't trust the company anymore and it may still take a few days to shake out all of the marginal investors. problem is i am a marginal investors but hate to take the lose so fast.

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    • still in and totally surprised. didn't expect to back over 7 anytime this qtr. Must have been a single investor hedge fund changing direction to more stock. I think it is a good move but it hit all owners right in he ol investment account

    • Sputnick, You are right, no real bad news to speak of, so who knows what drove the share value down? As another poster here suggested, the selling may have been triggered by a large or institutional holder closing out a big position at market price, thereby triggering stop loss sales and fearful sales of others on the way down.
      Today's bounce is encouraging to see. I, like most here, am not anxious to see ATAX's share price get killed, however, in the event that this drop in price does turn out to be caused by an impending SPO, then I will view this price drop, post SPO, as an opportunity to further accumulate at a freshly discounted price. Hope you can hang on, Sputick, long enough to see healthy gains. GZ.

5.51-0.01(-0.18%)Jun 24 4:00 PMEDT