"Almost as incredible as him waiting weeks to tell us he sold at $32. "
show me one post i said i sold at $32??? in fact look at my history you bonehead!!! wow, i didn't know i needed to post every second i do something. do you need for me to pick other stock for you???
btw if you read my history i stated i was going out of town on other MB's even gave a nice tip on the LDK one, that alone would of made you 20 times what my sale here did. i do love boneheads like you...
STX past history. Disk drive industry is by far the most hated industry by shorts, & they have a great track record of controlling this stock. Earnings mean nothing to the hard drive industry, if it did STX be trading around $45 not $23. The only thing saving STX is it's ability to offer a nice dividend' other wise we would see $18 in a heart beat. The shorts are able to drop STX 3% daily with out any effort, taking out all stop loss positions. I se3 $21.25 begin pivot, if shorts break that all bets are off.
"Earnings mean nothing to the hard drive industry, if it did STX" would pay all profits out in dividends yielding 25% at today's stock price rendering all alleged conspiracies irrelevant. Bt luczo doesn't because a large yielding dividend devalues his candy mint stock options doled out to him and his crony mismanagement team.
you are missing one thing. if they start buying back shares again this will lead to a big bad squeeze... capitulation will happen but at what level? this thing could pop a easy $5 the wrong way for you.
i think you are right about the stoppage of the share buyback, however i doubt it goes to $18. at this point what percent of this stock would be short sold? it is already showing over sold now, and you think it is going to drop another $5??
if this does hit $18 there would be the makings for the biggest short squeeze i ever seen.