Frontier Communications Corp. (fka FTRCQ)

[propert]

Trying to figure out how this moved 50% today on no news. I found it remarkable but for whatever reason, there's no chatter in this room, at all.

One outlier on twitter is just speculating it's because FTR will eliminate half its debt. I will need to see that corroborated. Given the timing and the bid/ask spreads, I think it's more likely that the selling pressure from tax loss sales has finally let up, resulting in a short term reversal.

I saw the price action today as an opportunity to reduce my position at 0.18 and take my 50% gains. I do not expect it to break .20s now but more likely to give back all gains achieved today so I pulled the trigger and sold mine. We'll see.