It seems out of character for Leon to be extolling the near infallibility of ATLS to retail investors like us while simultaneously holding a short position. Maybe his buying has nothing to do with his outlook, despite his news appearances, and he is just covering a short as it crumbles. God I would be terribly disappointed if that's the case. I could use an update from Mr. Cooperman on his ATLS calculations right about now.
Feeling pretty stupid right about now. Thought that Cooperman would have figured out the E & P thing by now and was buying at $4.37 out of wisdom. Maybe not. They are puking this thing up everywhere. Guess my kids will be going to a community college.
Bought a very small position yesterday at $3.90, (in my kids accounts no less) only because Leon has been touting this stock in all his interviews. I would place money on his acumen over any of us BUT hope his long, (and getting longer) position isn't due to some esoteric derivative scheme that leads to ATLS going to zip. That's the unknown that keeps me from loading up. Leon Cooperman is a brilliant guy and you just don't suddenly lose it. Especially when you have others at Omega probably far smarter than he that have his back and their own wallets as a priority. Lets hope this is just a vanilla long position and not some crazy financial scheme that ends up in tears for us. Good luck out there.
It catches a bid and then they try and sell it down. However the bid seems to reappear. Not sure how long it lasts but someone out there is expecting more than what was said on the conference call last week. Hope whoever they are is correct. A new 52 week high isn't an impossible idea.