the reason why mfs fell on friday
1. poor communication from mfs management at conference call.
2. poorly worded announcement - wtf were ubs thinking?
3. hedge funds shorting mfs
4. extreme margin calls
mfs management said over the weekend they are under no financial distress, and there is no financing risk re the $150m. no earnings downgrades etc.
so ask yourself what has changed fundamentally? how is a business that was trading at $5 two months ago suddently worth $1?
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