It seems like most of the funds who went big on that last dip at the beginning of the year were more so just doing it out of
desperation. It was like the risk reward was just so good and they were already down so much anyway -- might as well.
When you look at the chart, it looks like the obvious move was to sell in the 2nd, but nobody did
Spooked by what happened with UWT last time. Would add if not for that!
Trump is also under a lot of pressure to do something right now with the election coming. Plus it's October, and the market is very weak. He must be feeling a strong sense of urgency.
Not much to add to that statement really. It's just that simple ironically. You are never in complete control, so all you can really do is that which is most probable.
It looks like it is even capable of breaking $70. All the news seems to be priced in at this point, and it's trading at multiples significantly higher than it's industry peers. The price to...
..Not much else to add to that statement really...It's really just that simple. You are never in full control, all you can do is what is most probable
It looks like it could even break $70. Also, the price action this morning suggests that the underwriters have not fully exhausted this at the market offering, but we will have to wait for their next earnings...
It is an interesting observation to see that Loeb, a man who's lineage derives from a family with 100's of years of banking experience, waited for the deadcat bounce to sell those 8 million shares. It was very good timing. You could also say that his reaction was just the most common sense thing to do at the time considering the market was in freefall, but...