why are they buying???

C

cashclay

Why are people buying this stock at such a higher price than its original price?? Are they already holding shares and want to get out when the stock reaches this price? This is SSE.
 

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right now its at around 1.20ish i think.. youve got to check this chart out unbelievable. i think in june of this year it went from 3 to 95 $ in a single day;look at the char the most amazing thing ive ever seen lol. Bu the reason why i like this is because carl icahn invested in it.
 
BUT THIS GUY JAMES MINIMIER IS ASKING FOR SHARES AT 2.04$. IM NOT UNDERSTANDING THAT. IF HE THINKS THE PRICE IS GOING THAT HIGH WHY NOT BUY IT NOW?
 
cashclay said:
BUT THIS GUY JAMES MINIMIER IS ASKING FOR SHARES AT 2.04$. IM NOT UNDERSTANDING THAT. IF HE THINKS THE PRICE IS GOING THAT HIGH WHY NOT BUY IT NOW?
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Check the date on his buy. It wasn't today, the stock was at a different price.
 
the date on that "buy" was in august and it is exactly where the market was at that date.

the amount is very small, and i'll bet it was it was either under one of their employee retirement programs, or just opportunistic shot in the dark.

Overall most of these seem to be perks and part of regular compensation.

that buy was like 3% of his total holdings - which are not that huge to begin with anyway
 
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cash clay, 1) i'm almost positive that is bad data on the chart 2) carl icahn didn't "invest" in SSE, he got it as part of the spinoff of Chesapeake. There is 1.5bn of debt on the company (a nice chunk due in 2019) and for icahn this little spin off is like 0.0001% of his portfolio. And, its pretty much worthless for him.

This play is highly levered to the price of oil, there is currently almost no equity value to the company at present (a lottery ticket) as the market knows that the company is so underwater on its debt its hard to imagine it being repaid if oil were to stay in this range for an extended period.

But if you're up for trading a stock that has little liquidity and barely any equity value, go for it.
 
wow thanks for this. there is so much more i have to understand. i try researching all this google and investopedia but 1) im not to sure about what theyre saying 2) i feel like talking with actual trades like you guys would give me a better perspective.
 
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