This is nuts stock goes up this A.M like something good will be announce then wam it falls apart. News is either real bad or real good. Think that scares me is how far the stock dropped in such a quick time
WHY? why does news have to be good? They reported could not sell debt. That is NOT good. I voted for the dissident slate of directors at the Annual Mtg - - but that is cold comfort now. The current mgmt was elected overwhelmingly, (i think by 75%) so current shareholders have no one to blame but themselves if this thing collapses
me too... I don't think the news can be bad... This is trading like we have come to a standtill in terms of steel production and all.. trust me... I'm sure there is buyout at 24$ or something.. It cant be that bad after all...
i don't get you people. why do you think a buyout is coming? just because the directors bought? get a clue - - -there is more negative news then positive news. maybe the directors screwed up TOO by buying at $17. maybe they thought a deal would go through and it didn't. believe me i would want nothing more then someone to buy this POS at 24, or 30 but logic is that it won't.