Thx for clearing that up. Nobody bought those shares. Gotcha.
Plenty of folks piled out with losses but 69 million shares at 11 dollar and change shares are now freshly held in new homes. Its a shame for the former bagholders but we are interested in what goes forward.
Creamer was yelling with spittle flying this morning that nobody shops at Staples any more. I wonder where that Q4 5.9 billion in sales came from then? Later in the morning one of his seconds at the scamdotcom wrote that SPLS was on the verge of death. One can just day SPLS missed expectations without going totally off the deep end a making crazy comments. Jim Cramer isn't known as Krusty the klown Kramer for nothing....
I think it could drift up, if the market continues up, toward 12 or so in the next 6 weeks. The dark aura around it will cap any larger rallies. Its not like SPLS will have any good news though in that time frame or even for the next 3 months. Even then the dim outlook won't brighten. Your 6 month frame is a better guess imo. At least the bad news was gotten out now.