opalapril,
This is creepy. Granted the whole sector isn't doing well, but sheesh. I still don't see any amendments to the EPRO S-1. I can only guess that some stockholders, or maybe a particular large one, is selling to buy the IPO. The short interest, already large, has risen ~8% since the announcement of the IPO.
biz.yahoo.com
I see that the quarterly estimate has been revised downward recently, so maybe that also explains some of this. But it was only a penny, or ~8%, and SCAI handily beat the downward revisions last time out. But SCAI hasn't warned, though there may still be time.
biz.yahoo.com
I've been writing calls to good effect on this one, but am now naked long (no double entendre intended). Hoping I did the right thing by buying my calls back.
If my guess about IPO players setting up or hedging is correct, than perhaps the IPO will do better than expected, and take SCAI along for the ride so I can hedge again. Sure hope so.
But I wonder if it has distracted management. And if it has taken resources away from the buyback program. Hope SCAI is buying now, is all I have left to say.
Cheers, Tuck |
