It's-trading,short-squeeze-still-on:They didn't-get their-wish-to-kill-retail. Hertz voluntarily pulled the share offering that they'd won the right for in court, you're right the SEC suks, just jumped in as the lapdog to hedge funds/big money scared sh-tless that they're stuck with big losses having gambled on this going to a dime or 2c!
You're right they had ample time to weigh in, they can't be that asleep but HTZ wasn't violating any laws, operating with full disclosures.
Our colleagues were cackling in delight at the thought they'd bask in the ruins of their fellow man, if I COVER MY SHORTS AT 2 CENTS, I WILL BUY A PRIVATE JET AND FLY IT UPSIDE DOWN.....I have been waiting for this to go down for three weeks since I opened a short position at $4.33
but after closing at $2.00 it's active in PM, confusion sorting itself out but peeps buying again despite continued doom & gloom wording from the financial media designed to bring it down.
Selling of shares voluntarily suspended not cancelled, but for now with no added shares the shorts getting no further reprieve.
Consolidating at the lows of last couple days before regaining strength in regular session.
Wouldn't be surprised if the SEC has gotten a boatload of calls, emails from new traders just realizing what a scam the SEC is.
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