I think Cuts is shooting in the dark like many. I don't know what his motivations are, but his arguments support a position that the price is going lower. He mentions that 'based on the widths'. He doesn't explaing this statement. So either he knows widths the rest of us don't, or I missed something in the news release.
How is he doing so far on his predictions? Not good. He hoped to buy at $3.80 on 11/23. He wrong by $1.10 or about 25%. Based on this result, whatever Cutsheal predicts, I would bet on the opposite.
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His posts from 11/22 on SH:
'Hey, no hard feelings. But just out of interest, I put a bid in @3.80 for 100,000 that will pop up under TD tomorrow AM. The rest I will save for after NR. So don't put me on ignore, just yet.'
Then:
'I will wait until after NR that may occur next week. With the widths I see, should be able to pick up a couple hundred thousand shares at a discount. I have a feeling a lot of shares will be available after next NR, below todays prices. '
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Here are NOT's prices on the 22nd and 23rd.
Open high low final
11/22/07 4.600 4.940 4.460 4.800 1,858,601
11/23/07 5.000 5.240 4.900 5.070 2,899,942
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BK
