I think shorts have been covering for a couple weeks. hope the real buyers come in to pick up the slack once shorts are done covering. could stall for a bit.
you may be right. sure feels like a break it up and sell the focused pieces. just might be the best strategy. Meg is turning an ocean liner and doing a great job. unfortunate for the people losing their jobs but the old HP was so bloated, i actually think the printer and pc business cashflows allowed the enterprise to not go under.
there are an awful lot of shorts that have to cover when it becomes obvious that rig isn't going to zero. i think it'll be bumpy so i'm holding long for a permanent recovery over the next 6 months. i'm sure today's rise took some by surprise, hence the big move up.
at least, imo. he said investors were willing to pay $15/shr to grow the business so a takeover would need to be a premium. i think he wants more of a premium than $17, maybe $19, but $17 from here would be acceptable to me! got back in at 11.95
pretty much everybody on wall street hates rig. contrarian play for sure. hovering near the lows with no recovery with the price of oil. the buying will start before the fundamentals improve. time to buy.
and that relates to cldx how? why do these boards turn into political nonsense instead of talking about the stock
the only thing that's ridiculous is people buying this stock before all the bad news is out. look at that debt! and all the bad blood and the government on their back. plus Ackman's terrible track record.