Connect what "dots?" It's a simple "tale of the tape" my friend and the tape never lies. Yeah right... you wanna talk about January, well we're seeing lows not seen since January so don't forget to connect those dots as well. However I do respect your optimism even if some may think it's not warrented or this stock should is not even worth any dignification with an optimistic viewpoint.
You call over 700K shrs traded in yesterday's volume "extremely low?" What's you been smokin fella or maybe you just don't read too good?
I find this very disturbing....should I be? Is BK imminent?
"Metalico anticipates it will be out of compliance with its maximum leverage ratio covenant as of March 31. The Company could also be facing potential liquidity issues under its borrowing base-governed revolving credit facility. As a result, Metalico's auditors have included a "going concern" audit opinion in the Company's 2014 audit report discussing the Company's ability to continue its current operations. Metalico is in discussions with its senior secured lenders to resolve the noncompliance and liquidity items."
So maybe we should just take whatever we can get right here and not look back? Looks like retail liquidation has been underway now for several weeks.
Only 4%? Smart man! At one time, XCO comprised some 40% of my net worth. I figured with such major institutional shareholders such as Ross and Watsa and with the onset of LNG exports...how could you lose? Now looks like I'll be working till I'm well past 65. BTW, what's your avg XCO pps?
Fortunately I did pull the trigger around $3.50 and still lost $114K. Hope you're not faring as badly. So back up the truck and buy OPK and you'll eventually recoup all your XCO losses and a whole lo more. Best of luck!!