Which will limit the rise, and perhaps lock in a losing price for many companies. Still, they will have to to limit their losses.
especially if market can't hold its gains.
The top guy himself makes that. The next 3 are in the 3-4 million range. Plus stock options, etc. They get paid that whether the company is making money or not.
Why would anyone take it over when there may be sales of assets at fire sale prices to pay debt and salaries?
to single digits. I tried to get optimistic a couple of days ago.......lost a little money.........back to the short side.
covering my short and going long for a day trade in the 18.10 range.
Good little stock that moves.
Trade isn't going to work. Getting out. Probably short for decline into next week.
Sell later at a little over 20.
Another challenge this morning in the markets for crude and crude stocks. Let's see how WLL and others respond.
Don't know that we've had capitulation to turn us around, but should see more of a short term rally. Not short now, but may look in the future.
Hard to say if there will be a WLL to buy. Instead, the biggies will buy properties one piece at a time while the WLLs of the world sell to pay people and debt. In the end, if oil doesn't recover very quickly, WLL will just be a shell with a lot of debt.
So far, we haven't seen either.