The same institutions that were selling under a buck recently? This is a scam and all those buying these few days will be screaming for the SEC to get back their money when this round trips and Shkreli has your money.
This company was winding down it's business before this and that cannot be forgotten here. The Execs believed there was no reason to be in business anymore their response to Schkreli was we will listen to any cash infusion....what else would they say at this point it allows them to collect a paycheck a little longer.
but this was predictable. The market hates brick and mortar retail right now and slight beats and in lines are not good enough especially with the same store sales miss here. In 2013 and 2014 these numbers would have ha BBY shares up this morning while it was in the earlier stages of getting back on it's feet but it is now further into the turnaround plan so today's numbers are not good enough. I bet they try for $27 in the regular session.
My guess he will not agree with the board if they are even talking at all dump his share take his money and this is back where it came from within a short time. It's called a round trip smart traders make a ton of money and those who bought and held from higher levels will be posting soon "where is the SEC?"
Be patient if your funds allow this will be back under a buck in due time when this dirt bag has a fight with this board and he dumps his shares if he is not already doing it. This is a scam and so is this guy his prior company is suing him and his current company is barely a one hit wonder. Once a hedge fund manager always a hedge fund manager. Look for a close somewhere between $9-$13 toady then gradually lower each day.
They are playing with CLDN, MCUR and possibly OPXA. This game will end ugly for all these buyers over double digits within a few days or even today by the close. This is what Wall Street loves to do with situations like this. There will be posters here screaming for the SEC to do something I am not Kreskin but this is what will happen eventually. $24.83 that buyer must feel pretty special.
Yeah he's such an upstanding citizen he will part ways with this board when they cannot agree on things he will sell his shares and this will be back under a buck within a week or so. Months later the SEC will hear the thousands of complaints of those who bought starting today and KBIO will fade off into the horizon like a DNDN.
despite the company about to wind down they were willing to ride this into the ground (never a good feeling)and I would bet many of you were under water....however this is one huge scam only because of the man who is behind this. He will make a proposal to the board they will say no and he will sell his shares and the shares will round trip....just my prediction.
I knew nothing of this until tonight the new shorts will clean up and I still say nothing will happen with Shkreli and this board and the second he sells and the market finds out this will be under a buck. The small float will work for another day or so but anyone who has a huge profit will be selling at any sign of weakness. CNBC and every other network will be all over this tomorrow this guy is no Oprah with WTW.
Agree 10,000% someone just bough 4,700 shares at $19.67. As soon as he sells his shares this will be back under a buck....what a scam this is and this is the perfect guy to perpetrate it. If this even opens near these levels tomorrow you are right the shorts and HFTs will wreck this.
If they are on margin possibly but the second he sells his shares this will be back under a buck. He may be selling tonight I would. He is a hedge fund guy he is in it for the quick buck and this is probably more than $20 million quick ones already for him. I would have sold tonight what a scam this is you will hear buyers up here screaming for the SEC to investigate in a few days.
What company like you said they were closing. You can bet he will sell on the open market soon the same way he bought on the open market there are no restrictions on him.
He may have sold much of it tonight that would not shock me. He is a hedge fund guy first it's always about the $'s.
All these buyers will get hosed in the end...no? This company was shutting down with limited options they said a few days ago. Once this human garbage that wrecked the whole sector months ago sells his shares the stock will back to pennies. He is a hedge fund manager not a real CEO of anything his prior company is suing him. Once a hedge fund guy always a hedge fund guy you can bet the house he saw the small float and knew this would happen. I only wish I could get the shares to short here above $18.