James Davis

Credit Suisse ETNs Now Trading OTC

GOE traded 4000 or more shares a day for weeks. There's no way this was all trading by retail.

I find it profoundly suspicious and disturbing that GOE magically traded right down to near par the first day of pink trading.

What 'buyer' could have been so stupid to pay 40-50 , up to $100 for shares that were worth $10? And all of a sudden a NOT UNEXPECTED move to the OTC caused all those idiots to wise up. lol.

No, there's more to this than simple supply and demand.

Credit Suisse ETNs Now Trading OTC

I have an even better question. How about taking a shot at this.

Why did this persistently trade at 40 on Arca or wherever it was on the NYSE, and as soon as it moved to the pinks it dropped to 12 ?

I know stock prices are pure bs, but this is really a black eye for orderliness.

Credit Suisse ETNs Now Trading OTC

Also, who exactly was BUYING those shares at 40 and up?

How many shorts could there have been to be squeezed or bought in?

Something ungodly stupid about how this traded. Makes you wonder who is watching the store.

Credit Suisse ETNs Now Trading OTC

GOE traded $12 - 13 for size.

I don't believe it was possible to short this rat, and anyone that went long at those absurd high prices, well, they would have been better off just burning their money.