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Walter Energy, Inc. Common Stoc Message Board

  • goingupordown56 goingupordown56 Sep 12, 2013 11:45 AM Flag

    The shorts are starting to cover....LOL

    Where is the idiot who constantly posts this nonsense

    Sentiment: Strong Sell

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    • I am guessing he is a short and is trying to get some pops so he can short more. Its not rocket science. The bond rating on wlt says there is an 86% chance they are going into bankruptcy (ie not pay back the debt). Hence the rediculous interest rate they are paying (almost 9%).

      One of the main tactics the big institutional shorts use is those ratings from Moody's and S&P. They have already done the homework for you. Just playing the odds. You need some deep pockets though as you can see when this stock moves against your position.....temporarily.

 
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