Stock started to recover off of the $17 low, then just plain flatlined at 17.26. MM action maybe?
Usually a flatline on the daily chart indicates some type of price manipulation by a strong hand.
Hedgies will have a paid mole in the co. or someone on the board will tell their little boyfriend what the numbers are a day early, and the big boyz will start to get out quietly before the landslide. Could be a head fake, but usually if the stock is heading down before earnings, that is not good. Someone always leaks.
An old floor trader once told me "you can't fight the tape."
Now it can be interpreted to mean "you can't fight the HFT computers"
They'll walk it down with paper trades until a big sell order comes in, and Bang! Pick up cheap gold.
Why's he selling Eight Million Dollars in shares now, if DAL could go up to $30, and he could get $10 Million? Who would just leave $2 Million on the table? That just don't make no goll dern sense. Who knows the which direction the co. is going better than the CEO or CFO?
Ans: To Starbucks. Who wants to go to the library where it's as dead as a funeral?
To kids, $4.00 for a Cappuccino frozen Latte is not too much, because they do not
have to work for that money, they just "borrow" it from Mom or Dad.
Shareholders are weary of the dumass drama. They will sell for 14.
I follow you bro. It's like if you (Michael Dell) burrow you neighbors brand new cadillac, fill it with trash, beer cans, and McDonnals wrappers, wreck it into a tree, then come back and offer to buy it from them for scrap metal value.
Under normal circumstances, the value of the company, and therefore the price of the stock will be reduced by the cost of the dividend payout to shareholders. Also, can someone tell me what the dividend payout per share is on the 21st? I sold all my shares at a loss yesterday when the vote was canceled. Stoopid me!
Don't be such a cheapskate. You spend more than that on the electric bill for your Stadium Sized Mansion. Just make it an even $14 and we will give up our shares.
The electric bill for his stadium size Mansion is more than what he would need to kick in to close the deal.
Don't be such a cheapskate. Show this i-Khan guy who is really Boss.
At this rate, he will not be able to pay the Huge electric bill on his Stadium sized mansion. He needs to cut the fat. He should sell it to raise capital for this deal to steal the company from shareholders.
I just saw that too. Price is close to the double bottom put in after the Lehmans collapse in 2008, adjusted for inflation. The Gold miners crashed several months before the Stcok Market collapsed in 2009. Retail investors didn't realize that central banks were selling Gold reserves to raise cash for the imminent CDS collapse they knew was coming. This could be a quick rebound to 40 from here.
You may recall a gold crash predated the stock market crash by several months in 2008, then bounced back rapidly when the Dow crashed in 2009, signaling the start of the Great Recession which the governmint claims to have ended.
Barrick officials have painted themselves into a dirty corner. If they totally abandon the very troublesome Pascua Lama project, they will be in default of their contracts with gold streaming and silver streaming companies Royal Gold and Silver Wheaton, which will accelerate their payments. Gold and Silver streams will need to be made up from existing mines at a loss. However, as long as they claim to still be pursuing the failed project, the negative press releases will be even more severely detrimental to the stock price. They should announce cancelation of the project immediately. IMO.
Pascua Lama a total P.R. disaster. Barrick should just pull the flock out, and try to stablize their stock price on the merits of their existing producing mines, but, these guys could not find their buts with both hands. Barrick's P.R. gets a D-, an F in transparency. If ABX doesn't mothball the nightmare Pascua project, Barrick's board should all be fired.