The price will go back up...the cuts are again tactics to allow SUNE to walk away from the Vivient deal...they are showing how much of a Dire straight they are in, and when the internal investigation completes, all the lights will be back on, and the dividends will be restored. they are currently being held in escrow, and may be rewarded at a later date.
All the buying yesterday in the Millions of Share lots are from those who were selling this past summer...they are ecstatic that the deal is off, and know that the PPS will increase. The reason the PPS tanked in the after hours is because of shorts trying to paint it down...More than 50 Million shares traded in session, only a few hundred thousand traded after hours...
It was a paint job trying to trigger stop losses...plain and simple. Fear causes selling...Those who are buying Millions of shares should be the ones watched, not those who sell a couple thousand.
In My Own Personal Opinion Of Course!
In My Own Personal Opinion Of Course!
