The stock goes down every phuckken day so reducing your holdings is the only way to stop losing money.
They are the ones who started the whole short attack, along with Goldman Sucks.
T. Boone also said oil would be $90-100 within 12-18 months. I especially liked it when he told Joe Kernen "that's a bunch of bullsch!tt".
A troll? I've been on this board for over 5 years. And it's because I am now trapped in this dogsch!tt. I've already booked over $42,000 in losses this year and now have no choice but to hold on and hope that someday this pig recovers. I'm not expecting it. I wouldn't be surprised if they eventually go into bankruptcy. And Rynd will walk away a millionaire regardless. That's what he'll get for running the company into the dirt. He could have had both of the new big rigs working with fixed long term contracts if it wasn't for his total arrogance.
There will be A LOT of companies put out of business. If you don't believe that then I question your intelligence. I do hope HERO isn't one of them. The 200 million in cash should certainly help. Let's see how much they burn these next few quarters.
Not much covering going on at al - Hard to Borrow
Available to Short: 610,674
Est. Annual Interest Rate: 3.000% Notice that the shorts are now being charged 3% interest. I'm sure they don't like this.
Yea, maybe we'll get a contract by the end of the first quarter. I imagine you've forgotten about that LIE that Rynd told last year. It was that lie that gave the shorts all the confidence they needed to make a fortune off this dogsch!tt of a stock.
No short has lost money on this POS. They began shorting it at 6.50. And as far as insiders buying goes, go back and look at the last time Webster bought shares - AT 4.00. Yea, he's a real good indicator of the future price. Usually, the stock loses 20% within DAYS of his purchases.
Don't exaggerate, it was only up 4 pennies. It remains a total POS. I still expect it to go to new lows.