He has been consistent with PRs in general. He ori
Post# of 1514
(Total Views: 421)
Posted On: 09/12/2017 9:44:46 AM
He has been consistent with PRs in general. He originally PRd closing BigRed on the 15th of the following month and ended up being 7 or 8 days later. The message boards had the skies were falling. He didnt release anything prior giving an "update" that it would be later because frankly - it wouldnt have mattered. Anytning would have been construed as negative to manipulate the trading.
While the conversions certainly arent helping - they were a known entity. Most of this selling is retail with a lot of what appears to be naked shorting/covering on the way down. Pretty easy when the buyers are fearful or tapped out and new supply continues to filter in. Gurba hasnt seemed like he has been speaking to the short term traders/market in his PRs and instead has focused on the long term and LT investors. I dont have an issue with that as long as it is legit.
Anyone that has been around this since he has taken over knows this stock can swingly wildly and not necessarily tied to any event. As long as he continues to execute and promises little and provides more than long term investors should be rewarded. I thought there would be more buyers to belp offset the selling/dilution. Once they clammed up - MMs had free reign to short, cover, and repeat.
While the conversions certainly arent helping - they were a known entity. Most of this selling is retail with a lot of what appears to be naked shorting/covering on the way down. Pretty easy when the buyers are fearful or tapped out and new supply continues to filter in. Gurba hasnt seemed like he has been speaking to the short term traders/market in his PRs and instead has focused on the long term and LT investors. I dont have an issue with that as long as it is legit.
Anyone that has been around this since he has taken over knows this stock can swingly wildly and not necessarily tied to any event. As long as he continues to execute and promises little and provides more than long term investors should be rewarded. I thought there would be more buyers to belp offset the selling/dilution. Once they clammed up - MMs had free reign to short, cover, and repeat.
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