Blue, Are you suggesting this may drop down below $2.00 before the end of the year? I sold my my shares at $2.80 several months ago and was thinking about getting back in. Thanks for your input and.................Go Ducks!
" We were locked in at $1.80 till Sierra Equity rolled on here with their coded pump and dump. Let's see how far they run it up before selling it off back down to $1.70 near that KKR warrant exercise price."
It is mind-boggling to me that you would credit Sierra Equity for anything. She has been wrong about this stock for years, so I don't see how she could engineer anything now that would cause buying now. As far as taking it back down to 1.70 to meet a 'strike price'. Is Wall Street really that stupid that they will buy it up to 2.20 when it is 'due' to be 'taken down' again? It is my understanding that the warrant price is when KKR can buy WMIH regardless of the PPS. It seems like it is to their advantage tax-wise to buy it as high as possible so when they sell it the difference that is computed for taxing amount is less.
'This why this is an artificial run.' I don't see this at all. Rather, I see we are closer to 2015 and M+A.
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