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.
She's in a lot of losers this year such as KORS and others. She should discuss stock picking with Einhorn and Ackman even Icahn has had a horrible couple of years and IEP shares show it.
They are scared of what the Fed will say so utilities and telecoms are red. How will markets survive with a possible 1/4 point raise?
You know what I am talking about out of nowhere the stock is up more than a buck for no reason. It happens every now and then but within a few days it gives a nice chunk of it back. In this market a big chunk of stocks are now closer to their 52 week lows so MU is not alone. I will cover my short mid $14 then go long again figuring the $13.50 was the flash crash low and may not get there.
You may be right but these markets now pay attention to debt. Management needs to say or do something soon or shares will be closer to $2.
Just Grasso and he owns it for awhile now and you know he is under water so what do you say when you are a specialist on a stock show?
Is it just me but is this site getting worse by the day? With all the slow loading ads and pages not loading at times. Without Baba's last report these shares would be at $25 now. I like the site but it has become a battle with the advertisements to get anywhere.
Dan Nathan (Fast Money) made a comment about an option trade drove it down about .08 back near $3 now. This is like a coin flip for SUNE now. A new investigation by a law firm involving SUNE execs just passed on my news there will be more at $3.