what is going on?
Does this stock need to go to ZERO before they move their laurels?
Stocks catering on a daily basis and silence.
Come on to the market and say any da## thing!
1. Very measly premium to the market price
2. Shareholders have no upside in combined company synergy and huge cost savings
3. Book value most likely understated
4. Share price would have recovered above the offer price as the concerns in the sector vane.
4. NRZ is getting a steal and shareholders a lemon
He has a twitter account and tweeted some nonsense about OCN could lose HLSS account.
What is baffling is that how he managed to create panic and helped some shorts cover at a decent price.
16% after going down 8% is not an explosive move unless you are a day trader catch lows and highs of the day.
Shorts are still holding on and there is still hesitation on long side.
It is a lost cause until another Chinese Clueless management responds.
I am fighting for my life in YY also.
Broader markets are rebounding strong and these companies are going in reverse.
There is ZERO interest. 100-500 shares are moving the price.
I feel like I have been scammed by cheap valuations of these companies.
Chinese water torture!
I am thinking of pulling out of all Chinese stocks to never invest again.
Problem is that they are so absurdly undervalued compared to overvalued US market.
YY again getting shot down today from 62+ range as the DOW rebounds.
This is what I call Chinese water torture.
Next year earnings will be at least $5.5 assuming ultra conservative 40% growth.
So YY is essentially trading at forward PE of 11
I am baffled as to why not many people are talking about this