No that was not the reason it just was a low volume day that's why we lost the follow thru in the afternoon. Look for at least a half million shares in the first hour to hour and half. That will change the momentum for the rest of the day. I'm a buyer and long time holder not a trader. I'm here for the bigger prize.
HF buy 83M shares hoping PPS stays low?? The whole world invests in things hoping to benefit in some way; in the stock market you buy a stock hoping that others do too so the price goes up. Are you saying the HF are hoping investors aren't interested in WMIH, so it remains a penny stock and they lose millions?
'The HF's are keeping this under $1 so that investors won't be interested in WMIH (D). I for myself won't be interested, just saying.'
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