Jrowl wrote...'I mean stopping trading on bad days is pure manipulation, they didn't need a trading halt for days for a placement, probably their backers margined loaned upto the hilt and can not sustain any price declines.'
Is this probable? I have read columnists such as Gottleibsen say many directors have been monstered by margin calls. To think a company would deliberately suspend itself is incredible. But nothing would surprise me in this environment. Directors should be forced to disclose if they have leveraged themselves into shares of companies they work for. Much more transparancy is required.
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