Obviously a large player is moving out of a piece. Sad that there are no naturals on the other side. Let's wait for the big print.
Disclosure - - Long and wrong!
I own the stock. But if I were to take a negative earnings view, just buy a put. The April 26 can be had for less than .40 and the April 25s for less than a quarter. Nuff Said. Stop all this short nonsense. It makes me think you are all idiots or just jabbering.
I think their occupancy is in the high 60's. They have room for internal growth during the non holiday weekends. I think the near term argument for growth comes from the mild northeastern weather. Where does the upper middle class family of skiers go this winter? I own it for exactly this reason. I probably won't stay much longer than a quarter or two, but that's my basic thesis.
totally - - - I know it's worthless and I am long too. Just praying for a home run and willing to get caught looking. Looks like the squeeze can be on. Let's just hope the market makers shorted this one too early. Pray that Nite is short a couple million. Get it to move a penny or 2 and they will start screeching a bit.
This kind of volume will not go forward. They entered the Russell 3000 on Friday. Fund managers had no choice but to purchase the stock. There will be a mild selloff this week in Bios as many firms play the Russell rebalance and have shorted the shares. Some firms go long the stocks coming out of the russell and those should see a pop.
Most everyone knows that this issue will be worthless in the long run, but it will trade for quite some time in the Pink Sheets and can be subject to violent market fluctuations. There are some long term shorts who may need to cover (unless they plan to stay along for the ride until it is canceled - - however that can be expensive unless they are capital rich. - - they need to keep $2.50 at their clearing firm in order to short each share of a penny stock - - not a great long term arbitrage) Really the hope is that enough buyers get involved in a name that is familiar to them and there is nobody to short them the stock at super low levels even though it would probably be prudent to do so.
Anyone who speaks of the common equity having value is either lying or uneducated. Every SEC filing and press release has placed the value at zero.
And I am long the stock - - only in hopes for a pop, but most likely will ride to zero. I treat it as an option. Good luck and I hope I helped.
I am long the stock too, but please don't spread false information. There is very little chance of any recovery from the liquidation of the Circuit City estate. Please look at all (or any) press releases and SEC filings. There most likely will be nothing for the equity holders. However, that does not mean there isn't a trade here. Let's all hope this drags out for years and the common equity bounces around for awhile. Only 170 Million shares out there, so this one can be squeezed up nicely.
I hear you on the target, but they have to put a reasonable number out there. They can't exceed a 100 percent and still sound legit.
I am down 20 percent on this one, but I have been nipping at it in the last couple of sessions. Another block went up this morning. That's two in the last couple of days. The seller has to be done soon. Good luck.
My assumption - - - Market Maker has been working the seller for weeks. Finally the trader just said what the heck and took a flier on the 200K - - I am just an old MM and that's what I would have done!
I fear that THLDQ is inevitable. All lawyers go directly to Hades, do not pass go do not collect 500K! I still own a stack of this stuff, but my days are numbered.