I would have to agree. These are funds that invest retirement pension monies among other things. And when the bubble bursts and everything is lost. There will be a bailout waiting, because the printing press will always be there. Just be ready to pay $200 for a loaf of bread.
I appreciate the above feedback, but I did not enter this discussion to become anyone's opponent. I just stated a couple of concerns over the revelation and associated trading that occurred around this buyout offer. I have made money being long in ONXX, I just don't see a good risk/reward here anymore. I'd rather be a seller than a buyer at this point. Can't we all just get along?
I would think that this is a much more coordinated scheme with multiple players involved, than just a couple of lone insiders making large option bets, based on insider knowledge.
The likelihood of this company being a worthwhile buyout, is about the same likelihood that you are a doctor. A another momentum scam, with the rug ready to be pulled out. Have a good weekend.
From the Wall Sheet "Scam" Street:
"LinkedIn (NYSE:LNKD): LinkedIn is far more than a resume stock pile and professional networking site, at least according to FaberNovel. The agency believes that LinkedIn is positioned to become the first global economic graph with the ability to mine the transactions of an emerging data economy, and that the site is positioned to become a mega business platform."
What the hell is "the first global economic graph" and what is a "mega business platform". Oh don't worry about what it means, just buy,buy, buy. Also, expect an earnings beat because of the acquisition and hiding of salaries through stock options.
What a scam!
Sentiment: Strong Sell
Yes. I have proof. I got into my time machine and checked out the stock price on July 4th 2017. Its $6.37. Got to watch the Independence Day celebration in Washington now with President Bush.
Have to figure out the game here. Probably should have seen it. Are the funds that took part in the rights offering the same ones that sold short 6 million shares of the ADR's. Now manipulating it down to their price point (which only they know), to cover it at some point and ride it up? It's one of those plays they win both ways. Or the whole shabang is just a scheme and its ultimately nationalized and investors lose all. Its too late for me. Already in and have to watch. I hope for the former case, and that the crooks are good at what they're doing.
Reuters) - National Bank of Greece : * U.S.-traded shares fall 20.8 percent to 57 cents premarket as it faces nationalization.
This was on April 8th. It was 57 cents, that would be 5.70 post split. I guess it's closer to Nationalization now??
All I have seen is old news or BS. Maybe it's just the big shorting machine cohort playing the retailers as their own piggybank. They got a lot of retailers who can't stand the pain. Get ready for much lower. AAA holes are so predictable, but if you stick your hand under a hammer it's going to hurt.
The big crooked shorting machine cohort, probably posted a false close to lure in more retailers. They will probably drop it another 20% tomorrow as they rape the unsuspecting trusting homegamers. The real close was 2.39 Euros (check reuters). How do they get away with it?