Gale sold all those Public Offering Shares @ $1.10 each, How did share price get to 67 cents in such a short time. What happened to cause this drop?
Could Fed take back the 1/4% the Rate Hike? Seems to have done a lot of Damage. I am Down a Boatload of cash also, does not seem to be improving either. You know what they say, as January goes so does the year, Run Away from the Market.
I have been a DRYS investor and reader of this board for a long time, I can't say I wasn't warned, but believed it may turnaround. No Longer have any Hope, Down 98%
What could be Wrong? Drys went from $122. all the to 22 Cents, and the CEO sells off cherry picked assets to himself.
Is that the real reason for the huge cut in Warranty? Disappointed GM has such little faith in their product. 60K miles really is nothing, the motor is just about broken in.
TTM traded @ $30 last year I think its headed back also. Another bad Quarter would Guarantee it. China Economy is in Slowdown mode, not buying cars.
True AA is Down now, I bet with all the Aluminum used in New vehicle construction we see $20/share
If you think About it, would YOU want to WARRANTY a GM Engine for 100K, GM Knows from Experience it is a Bad bet.
Well you know, After a while the Cost of all those Spun Bearings Start to Add Up, best to nip it in the bud.
Sentiment: Strong Sell
Cramer was Right, Keep Away from Oil and Gas stocks for now. This is going to bleed like a stuck Pig. Saudi pumping all out, Iran is starting up. I understand they have tankers already loaded and waiting for the word to Sail.
When Quicksilver POPS to $1, that is over a 1000% return on your investment. A Merger or Buyout could do that overnight.