Wind_Storm
:
78 institutions hold 64% of the stock and that's bullish. Tiger Global bailed out but that's not a reason to be bearish. STRY reduced their workforce 50% and is looking for strategic alternatives including a merger. That's the reasons to be bearish. Perhaps other institutions will bail before too long.
KyngYoshTv : Sameeee
KyngYoshTv : Been hoping on a miracle , Monday was a huge flop , huge volume little movement
Wind_Storm : 78 institutions hold 64% of the stock and that's bullish. Tiger Global bailed out but that's not a reason to be bearish. STRY reduced their workforce 50% and is looking for strategic alternatives including a merger. That's the reasons to be bearish. Perhaps other institutions will bail before too long.
Murdoc OP Wind_Storm : So it's be best to just hold on to it awhile longer?
Wind_Storm : Also insiders own 18.74% of the company. Add them up: 82.74%. I think the market is overreacting. There will be a reversal coming, imo.