Out at 82 .25. They are pulling the bids too fast for me. Looks to be going lower. Only support seems to be the shorts so if they quit covering another free fall.
Downgrading stock. A director sold 987 shares at 106 and change. Stock was at 85.67 at close yesterday. Interesting how from their downgrade the stock can just fall precipitously to 82 with really no support. If I didn't know better I would say that there is some collusion in this fall. Now they can cover with shares clients wish to sell. Needless to say it will take more time to move back up in order for wall street to make the most of this short. Yes I did purchase at 82 but the poor original longs that have now panicked and sold are the folks hurt.
Expecting them to play around in this 82 to 82.70 area to cover a number of their shorts. We will see.
No support. Just a few shorts covering. Another big loss for longs. Continuing off the cliff.
This is not Goldman so they will give them a slap on the wrist. This is a company that is selling a product that doesn't meet health requirements so they are in serious trouble. Given time this company will be going out of business. They will have house after house where they will be required to remove the flooring and replace it. They will not have enough money to do it. Moving on to the lawsuits that unscrupulous lawyers are foaming at the bit to participate, well you get the picture. It will take time so big money traders will be able to move it around to make some cash but the only investment will be short.
Because a senator requests one is a surprise? Certainly good for shorts.
YHOO to go under 42.
YHOO is actually down disproportionately to BABA. YHOO really taking it on the chin. Shorts seem strong in YHOO. Continually down with no small bounces.
Tilson has already covered his short and has moved on to something else.
Sorry! Should have said,"At the rate they guided". They are also have a big lock up date where insiders will be dumping a pile of shares to make their millions before it goes lower.