This is typical pattern of a company about to file BK. Seen this many times. Too many short shares for this not to happen. Just followed SGY's BK. They Rallied? from 4.50 to almost 15.00 manipulating short covering before they announced BK and finally settled back to around 5.00 and went BK! Luckily I covered my position and can now reap the benefit of this push to exit shorts! Trick is going to be picking the top to short once again! Ahhh, the rise before the fall. History is ripe with it!
I predict Bankruptcy filing no later than August 15, 2017.
It's official, Bruce is unwinding his position in Sears. End is near.
As Bb&T (BBT) Stock Price Declined, Stadion Money Management Has Decreased by $426,384 Its Stake, As Sears Hldgs (SHLD) Share Price Rose, Fairholme Capital Management Has Cut Its Position by $1.11 Million - Flint Daily
Stadion Money Management Llc decreased its stake in Bb&T Corp (BBT) by 11.54% based on its latest 2016Q4 regulatory filing with the SEC. Stadion Money Management Llc sold 9,072 shares as the company’s stock declined 11.91% while stock markets rallied
Next of the chopping block, Liquidation of Fairholme Capital Management, due to insolvency.
Remember last earnings statement when Sears had about enough money to make it to the end of June? Yea well its 6/27 folks and I don't know about you, but I don't recall any big deal being closed. So they could be literally days away from going under.
Berkowitz has been pumping again, stating RE is valued at $100 per share. Amazing anyone still listens to that dope
Bruce no matter what you think your real estate is worth, if you can't pay your bills, you are bankrupt.
What a year and a half does for the short. From 40 to 6. Longest short I ever had. Pick a bad company and wait for bankruptcy!
Any good news would have been disclosed already to stop the redemption at Fairholme. No good news = no sale of real estate, no sale of DieHard, no sale of Kenmore Leave the mattress industry to Bob-O-Pedic and Appliances to Home Depot. Sears is late to the game. It's over.
I went to my local Sears store yesterday. Holy cow! What a sad looking store. I was just there two months ago and couldn't believe the difference. No inventory at all. It truly looked like they were going out of business and this isn't one of the stores on the closing list. I don't see how they can go on much longer.
What the hell? When and how did this get over 7 again? SMH
Every way I guess this stock to go, it goes the opposite
why stock go ☝
Sears to be bought out by Walmart? lol I'm F around. But never know. Be careful
2 seconds ago
What's this price increase telling us? Must be some really bad news coming out! Stay tuned.
Shorts: don't let this recent BS bounce fool you. SHLD is only trying to get past the two year mark, July, before the really bad news is out. Stay thirsty my friends.
With Sears Canada recent filing and halt of pension benefits, the pressure from third parties on Sears USA must be INTENSE (slashing lines of credit, cancelling orders, closing business ties, etc.).
Sears Bankruptcy is Imminent. Period. No stores. No inventory. No cash. No credit. No employees. No future.
Sears had the brands to be a online giant, morons chose personal greed over a new age vision for the company.
SHLD Option Alert: Jan 19 $9 Puts Sweep (36) at the Ask: 2500 @ $4.551 vs 1271 OI; Ref=$7.32
Somebody doesn't trust this recent bounce.
Okay, all you geniuses tell me this: If the company is days or weeks away from bankruptcy, why is the stock up about 12-15% in last few days.Somebody knows something. Is Sears a piece of #$%$? We all know the answer to that. But the company will limp on, not sure how, but someone on the inside is buying. Gotta be a reason.