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EarthLink Holdings Corp. Message Board

  • mccormickred mccormickred Apr 14, 2014 3:17 PM Flag

    ELNK will be a penny stock by march 2015

    Still has a lot downside. Earnings will be a disaster with guidance off the table.

    Watch how fast and far this drops

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    • May not be penny stock but it may linger at this price unless they break through with their new investment

    • Blackrock (a 7% holder of ELNK) added to its position during the first quarter. BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD is new with 480,000 shares. These are in addition to the other funds that I have reported in this thread who have added shares.

      The funds that are reporting the sale of ELNK shares are small in number and small in the number of decreased shares, so far.

      There are more funds to report during the next few days. The Tutes seem to have increased their share count to 80%. That leaves few retail investors and few shares for retail investors to buy.

    • Another Institution added a significant stake in ELNK during the first quarter. See the NASDAQ website under NEW holdings:

      The short interest reported for March 15 is 8.4 million shares. Not much of change for the past 6 months.

      The prediction of a cut in the dividend has also proven to be wrong, per the recent announcement by ELNK. The BOD were solidly voted FOR during the Annual Meeting. All we need now is a quarterly report on Tuesday.

      No worries.

    • Sorry McRed, the big Tutes are beginning to report changes in their positions as of March 31. The holder of 1.8 million shares of ELNK, BERSON & CORRADO INVESTMENT ADVISORS, LLC, announced they increased their share count by 4.65% during the first quarter of 2014.

      At least one Fund does not support McRed's Chicken Little act. More will be reporting during the next couple of weeks. I do need to give McRed the credit for being right about the direction of the ELNK share price during the past 6 months. However, his predictions of doom and gloom are overstated IMHO. Berson agrees with me.

    • New ceo put his money where his mouth is by buying at $3.88,he knows he can turn this company around and by March 2015 the pps will be over $5.

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