Georgia Gulf (GGC) Registration Statement Declared Effective
Yesterday afternoon Georgia Gulf's registration statement for the 30 million new shares was declared effective by the SEC.
Just as I predicted, this is the catalyst that is causing the shares to get crushed - now down 17% on high volume. (Although the biggest trades so far have been <10,000 shares!)
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5 comments:
how much GGC can go lower?
I would consider covering at like $5.
You ain't seen nothing yet.
Fidelity got like 8 million shares in the restructuring and you can't move 2,000 without dropping the price a buck.
nice fucking move man, you have been in this trade now for awhile and good to see you get paid for your work. very well done.
also, are you on sumzero.com yet? Great GREAt GREAT site with tons of analysts exchanging ideas, great free idea generator.
my name is shaun noll and you can find me on there or email me at shaunsnoll@yahoo.com if you want.
...without dropping the price a buck.
Probably a slight exaggeration, but only slight.
Timber!
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