$5 is quite significant due to margin ratios start increasing below $5 and many mutual funds will not invest in shares below $5. If $5 is broken for a significant amount of time margin calls will squeeze longs and end of year porfolio adjustments will exclude IPSU. Add a little tax loss selling and you've got a disaster for longs between now and Jan.1 without even mentioning the bomb that is due to drop with the 10K. Happy Holidays to all!!!!!
what's interesting about your post Ski is that most of what you're saying will cause the stock to fall isn't company related. Yes yes, I get the 10-Q, however, what you're also saying is that the stock becomes a pure retail stock as well.
Well, don't know what to think, you're trading fundamentals seem sound based on price, margin, and institutional requirements. There is one thing I don't get however, Wentworth refines imported sugar, not domestic, it says so right in the prior 10-Q and if you've ever seen Wentworth you'll see ships at the dock unloading. If they're using imported, then why the problem?
" We have purchased or priced substantially all of our raw sugar requirements for the fourth quarter of fiscal 2011 at prices similar to third quarter levels." Straight from the 10Q. Accordion, go back and reread the 10Q, they purchase the #16 domestic. You keep trying. Should I post the link that shows how high it still is??????