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.
Selling at 41.25 here. Was going to go long VLO at 58.30 but took HFC. Obviously VLO would have been much better. GLTA trading.
Decided to cover at 40.95! Long some at 41.00. This seems a little over done looking for a little bounce. Will sell before 4.
Appears they sold a lot on Friday and maybe began shorting. Today has been a heavier continuation with HFC being the cream of the crop for shorts. Down 7% is a nice days work.
Cheat if you can get away with it. When others only lose money the consequences are small.Goldman may have to pay a 30 million dollar fine as a small commission but not admit to any wrong doing. BUT! When we are talking about cancer and people possibly losing their life, the consequences become more severe. Having to remove thousands of floors and pay huge law suits can bring the destruction or bankruptcy of a company. Will be interesting to see how this plays out.
Things are going to get worse for many because they can not compete. Folks held the coal companies all the
way down. Big oil not renewing contracts and the ones that do are negotiating big reductions in price. Consequently many drillers going to go out of business.