debttrader99, same here. I was thinking this was a "no brainer" because of the two offers from DHI. Lesson learned that deals may not occur.
debttrader99, sorry for your loss. I lost $11,072.33 when I sold all in the after-hour market yesterday at an average of $0.7546. I thought it look weak yesterday also. As usual in the markets, someone knew this was coming.
bananabrah, I don't know. I've never seen anything like this. This company was the strangest company I have ever invested in.
independent_research111, this is very strange indeed. If the company has another offer or something else positive they had better cancel all the trades made in the after-hour market and the pre-market this am and return the shares back to the holders. If they do not do that there will be many lawsuits and SEC complaints.
jh89169, agree they were fools and were just plain greedy. I sold 9,300 shares in the after market last night for an average of $0.7546 within twenty minutes after the press release came out. I'm glad I went to my computer to check out my streamer when I did or I would have lost mostly all my investment. I still lost $11,063.96. Bummer, I know, you win some and loose some in the market. I'm sure there will be a lot of lawsuits on this one, but as usual the attorneys will make money and shareholders will get pennies on the dollar.
Sentiment: Strong Sell
wheeler, Thumbs up to you.
Thanks wheeler for your knowledgeable post. You have a good weekend.
No press releases or filings tonight. Bodes well for next week. Usually bad news occurs after the market closes on a Friday night after hour trading.
Also there was a Russell re-balance going on this week and today. Not sure if this is in any Russell indexes.
June is the month that the preliminary reconstitution portfolio is communicated to the
marketplace. Beginning on Friday, June 12, preliminary lists are communicated to the
marketplace and updates are provided on Friday, June 19 and 26. The newly reconstituted
indexes take effect after the close on Friday, June 26.
mrs#$%$ and others here, Thanks for the information given. These are defiantly interesting finds you all found. Might explain what has been going on this week with the share price. Wishing you and the others here a great weekend.
independent, oh yes, I forgot about the insiders. Now that really makes me wonder who is doing all the selling. Thanks for your informative posts here. Much appreciated here. You have a great night and wishing us the best here.
independent, I just do not know what to think about this one, especially the share price today. You are correct the shorts are in full control right now. Where are the Form 4's of who is constantly selling day after day? Why all the 1.2 million trade at $1.80 yesterday? Who bought and sold those? Was the buyout a hoax? Almost all the float has been turned over this past week, who's selling? Just to many unknowns here. This is one crazy puppy is all I can say. All I can do now is just hold and hope to wake up one morning with an offer of $2.00 or more.
It's only a 100 share trade to make you think something is going on. MM tricks bring played.