my office window, I see flurries - just not the kind that I was hoping to see this morning. Having said that, I do have faith that the desired ones are forthcoming.
It was posted on another forum that the short position for NOT as of Nov. 30/09 is up at 1.4MM shares.
I am curious as to whether the N/R from Cliff's this morning is their only attack today on our S/P today.
Those of you that have been invested here for the last couple years will recall that the previous management of NOT quite often halted trading in the stock previous to the release of news during market hours. Many of the institutional investors at that time were critical of the amount of times that our stock was halted. Having said that, I would think that there is a time and place for utilizing such a tactic.
How many of the institutional investors who are on side would presently be "short" knowing that the likelihood of success for our offer is with an appreciating S/P? Not too many I presume.
We have been told that there would be a flurry of N/R's so one would believe they are forthcoming. Although we do not know for certain what the content will be, we are again assuming that the news will be very good if not great.
If this is in fact the case, come on Wes et al, give us a rush and halt our stock while at the same time burning those on the other side!
Again, there is a time and a place.
Cheers,
Milsy1