correct,, we can only watch the manipulation
CLF is manipulating the stock price down and not releasing any good news. It's illegal but oh well.
They could have released the Essar news during the earning call. They decided to release it when the stock went up above $3. They wanted below $3 all along so they released the news after 4pm. Completely illegal.
Drapkin (Casablanca) announces that HFT affects stock price during the weeekend. Stock price goes up and then Company releases news after 4pm. The next day, the stock price falls below $3.
To me Casablanca and the Company is illegally manipulating the stock price and blaming HFT.
it has no effect on me either but it's completely illegal what's going on. I think (not 100% sure) the company is doing the illegal action of release news for price actions
I saw it coming from this morning
I hope I am wrong but my opinion is that it will close at $2.99
ask the intern who works at the Federal Reserve and write the quarterly Fed Minutes. The minutes do not change at all, so he/she should know
for most Brokerage firm, any stock below $3 cannot be put on Margin especially a preferred stock with low trading like CLV
that's my opinion
oh forget it, I don't I am explaining well or you don't get my point. Let's just let it go.
Whoever wants the CLV dividend next week is intentionally crashing CLF stock below $3 to stop margin buy ability on CLV. Comprende?
that's why they need to take it down now because if they do not, people can buy CLV on margin now and not get liquidated next week
Why should CLV be green?
They do not want margin purchase ability on CLF common to buy CLV dividend. next week, it has nothing to do with CLV been green or red