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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: Startwitharoux who wrote (1830)	7/25/2012 4:13:21 PM
From: KyrosL	Read Replies (1) \| Respond to of 1876

SVU -- My hunch is that the RSH announcement precipitated the move in SVU. By now institutions are out, and it's mostly traders, who, like I, thought were getting a bargain at 2 and change. So, when the stock fell below 2 lots of stops kicked in. I don't think there is an immediate threat of bankruptcy. It seems there is cash to handle maturing bonds for the next couple of years. Heck, the company is making money, unlike the other grocers that went bankrupt. I bought August calls to bring my position back up to 1% of portfolio. Now I control 4 times as many shares ...