considering the market weakness to start the year, opk bounced back from day's low to close almost flat. this is a good sign shorts are a bit nervous. it could see a good bounce the next few days. look for it.
why payt 13 when he can pay single digit? let them keep selling and he keeps buying.
sooner or later, there will be a major short squeeze. it is almost a certain thing more often than not. it will come. i keep adding as the stock goes down. as long as the billionaire ceo keeps buying, its fine with me.
he is going to continue to buy almost on a daily basis. its only a matter of time those shorting the stock will pay back. i will buy on opportunistic days when the stock takes heavy beating.
i'm sure others are waiting to buy on the drop as well.
the drop is for the most part due to shorts pushing it down, or at least keep it from going higher. there is no reason for the stock to be down everyday.
you can bet he will be buying more today with the stock down a few pennies below 9 bucks. he will just keep buying every day.
i am waiting to buy more around 8.50 if it gets there.
while most retailers have discounts from 30 to 60 percents, there was no on sale signs at their stores. they didn't have to...that tells you something.
the stock came back from 8 to 9.08 and he continued to buy as the stock recovered a dollar. i think he could still be buying below 10 bucks. who knows if the company will be taken private or if it will be taken by another company. but he probably has a big plan for the company next year.
the thing is, last year, they had a line outside the stores at their outlet locations. this year, i didn't see any line.
lots of people work in the stores, but no discount. some shoppers browse and left. but their outlets have some sales and there were about four or five in line most of the time i was there. macy's kors section saw people searching for sale items.