You're being too kind m8, the dangerous fool was shouting enterprise value at some ludicrous price while selling into the rise. Actually, these scumbags aren't fools at all, they know exactly what they are doing.
Yes, and unfortunately any activist opposition is likely to lead to 0 as equity holders get wiped out by the administrators, senior debt getting anything that can be realised.
Tro, I think the bullish wedge is too shallow. The ones that work best technically are really steep, but the RSI divergence is a bit of a classic for a break out. I would trade for a break out but only as far as the top of the parallel upper channel to the support atm.
If the deal is rejected and no other bid materialises the chances of equity holders getting nothing from the administrators must be quite high so odd strategy from Tinkler, expensive spite.
You really need to stop posting stuff I wholeheartedly agree with, it's becoming quite distressing. We'll be suffering from confirmation bias shortly lol.
Junk bonds rebounding despite rising default and tightening in the riskier end of the corporate credit markets. What am I missing here? Analysts/managers popping up on Doomberg now overweight US equities and asserting the 'repricing' is over.
And, despite protestations to the contrary, Fed looks to me like it is slyly conflating economic health and market prices...