Thanks GLL. I'm not going to ignore TKO or the board. It's just going on my watch list for eventual buy back when the numbers start to firm up, perhaps in the late summer or early fall.
I work a margin account amongst others, that I expand and contract given economic and market conditions. Recently I doubled positions in one stock, which has subsequently increased over the past two weeks. But I wanted to reduce my margin exposure (since interest rates are going up) and TKO looks to be holding flat or sagging perhaps for the next two or more months... so it got the axe from the portfolio so to speak. (My motives were strategically inspired by MLK saying we are going down to $1.70!)
If it's not to personal, does anyone else here on the board invest on margin?
MLK: All my investments now are in Chinese based companies through US exchange listed stocks or funds. I haveo "B" level share exposure which are the most overvalued and succeptible to Greenspan negativity.
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