Friday, October 30, 2009

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!)


Anonymous said...

how much GGC can go lower?

CP said...

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.

Anonymous said...

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.

Anonymous said...

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my name is shaun noll and you can find me on there or email me at if you want.

eh said...

...without dropping the price a buck.

Probably a slight exaggeration, but only slight.