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$500m class action against SurfStitch, page-51

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ehealth

365 Posts.

05/07/16

12:06

Post #: 18195413
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Originally posted by Bbarns ↑

You would think that it is probably better to recoup losses from this stock by buying at current levels and supporting the recovery of the stock. Yes there is a risk of losing more, but the company has no debt which makes it easier for it to recover rather than a company loaded with debt. Perhaps someone is running the ruler on the company and thinking that its better to takeover SRF given the current market cap than to start a business from scratch.

Looking at the BBG example, I'm sure that was a lot of money was made from the low .10's and to what it is now on.

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This rise is short lived Just don't be caught holding the bag. The opportunity for a 'fast trade' presented itself.

Another downgrade to come 10c target will be in play. All IMO of course. In the meantime we will re-test 18c

We await.

Last edited by ehealth: 05/07/16

SRF Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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