This has to do with SW not making their own guidance of .28 cents and giving poor guidance. The report was bad considering management said things would turn in the second half of the year. The market doesn't have confidence the management in this company.
The high volume shows funds have been selling and hedges shorting. Bad combo.
It has nothing to do with manipulation....
I guarantee you the buyback will do little than enable management to prop eps and hit their bonuses. You need funds buying to and their slowly dumping and hedges are short. Bad combo.
I posted this would hit $10 or below many times. I also posted to at least hedge with Calls.
The only thing people on this board have proven is you are better at loosing a lot of money than me.
Nothing like poetic justice. All 3 stocks are losing big money now. You say I have no credibility?
You and the Dar posse look very stupid right now....lol.
and most here just watched it drop and drop like typical retail left holding the bag in the end. isn't the idea to buy low and sell high;;;lol.
I learnt the lesson the hard way a long time ago to never fall in love with a position. You try to tell people and they just get mad and very hostile at you.
My Dad had the 7% down-sell rule and he died with $2.8 million.
I wouldn't go to that extreme. From trading perspective the stock is very oversold and near very strong long term support. Retail is always last to cover.
Share buybacks won't do it. It will only increase eps for management. You need a buyback like Apple is doing and more. They would need to drop $500 mil between now and the end of the year. It needs to be big and bold.
I worked at IMS Health and they were always buying back shares and it just made management rich.
Don't blame me because you were too stupid to sell. You look so foolish writing this message after all the money you have lost. Do you understand what the word hypocrite means? Do you actually think before you post? You are a stupid BAGHOLDER.....
So how much profit have you lost? Keep asking yourself that question everyday you wake up. Is that a dumb question.......LOL! The more you come at me the dumber you look, which doesn't seem hard for you.
Relax. You've lost 55% of your profit. That's the problem with retail they just sit and watch their stock drop and drop. Obviously now isn't the time to sell, but if you live ind denial about your positions get a financial advisor
NRF has too much debt to pay 90%
Share buybacks are great for management artificially inflating eps so they can hit their bonus targets, but NRF needs funds buying to really move the needle. The buybacks will probably create some consolidation but you will have overhead resistance of people who did not sell but want to. Look at IBM. What has their share buybacks accomplished?
The shares are very oversold here so expect a pop. I have continuously hedged any long position I might have with covered calls.
I think Hamo is fleecing shareholders again...
I agree, but they also artificially inflate eps and hit higher bonus targets with the very generous compensation plan they put in place. I'd like to know how much they're actually saving.
I use a covered call strategy so often my shares get called away. Its forced selling and takes the emotion out of it. I have posted many times here that i have been doing this with NRF. I don't understand why you guys with such big positions don't hedge at all?
Sure I am losing in the market today, but I hedge for insurance.
When i see a stock declining on big volume and breaking technical levels, I don't think, I follow my trading rules. Am I 100% right No., but I don't think i know better than the market.
I also like coming here and bugging you guys....lol.
You just don't like to hear the truth. You might not like what he says but hopefully you've learned a valuable lesson. You listened to the opinion of others that you do not know and didn't do your own DD and now you are paying for that mistake.
If terms of negative or nasty posts, I guess what you wrote also applies to Dar or anyone else pro-Dar who writes a nasty and sarcastic response. It goes both ways ya know?