Too many "players" in the stock market anymore namely called the hedge funds. Not until they are taxed at say 25% on ALL s-term plays will this BS end. Look at XCO's chart. It's laughable that people call this investing. If you want money WORK for it.
Total BS pal. Shorting is what happens when #$%$ fast buck artists lobby for making money W/O working for it. TAX all short plays at 25% even before they cover. This will end this gambling BS once and for all and all of these a-holes will have to get REAL jobs.
He stated here he was pushed out of this industry and they rewarded him with I believe two tickets on a cruise ship named the Titanic but he couldn't afford the airfare so he passed. He basically is a spurned ex worker. A child if you will who is still crying in his oatmeal.
I have read here, even by those who hate XCO, that Mr Wilder is a shrewd man. If so, WHY would he venture into XCO with his millions? It doesn't make sense to invest in what he might consider to be a dead-in-the water entity. You don't get wealthy making those moves for sure. It just doesn't make sense IF these men knew XCO was DOA months ago they'd invest more into it. For the commodity sector is in the tank and these cycles usually last a long time. My gut tells me they want to recover, in as you say the private mode, with XCO as best as they can but my other half says they are still optimistic that some type of financial engineering is possible not just for their benefit but ours as well???? My broker of over 25+ years experience (with a helluva good track record) put me into XCO a long time ago looking for a $16 price. Well, need less to say he was dead wrong. The "perfect storm" arrived and XCO suffered irreparably.