Well, that's as much bad news as i can stand for a long time.excellent quarterly report and again we move not at all!!!. Very scary, given the Nas was up meaningfully. The short interest, admittedly, is somewhat misleading in a way that doesn't help us. Assume, as everyone seems to know, that the convertible debtholders shorted the stock--to lock in their profit. This increased the short position big time. However, it does not reflect totally pessimistic views of the company's future stock price--just a prudent and conservative strategy--which,BTW, I wish I had pursued. But, the bad ews is those shorts will be covered by the newly issued shares upon conversion, so there will be no short squeeze effect from those shares. Limtex: I don't get it--if you really believe wcii is headed for the low teens, why r u still in???
I keep believing and hoping we're about to appreciate.I've been very wrong for too long. Can you imagine how much fun Mr. Fink is having gloating at us for our presumptuousness about the merits of this stock??? If good news--as good as it can realistically get--cannot move the stock on an up day, I am getting even more pessimistic about the prospects of our investment. Some folks have obviously decided there are much more fruitful ways to lose or make money. Wish it weren't so, but starting to lose faith. We have an investment; if it loses money or fails to appreciate, it don't mean squat that the company is executing nicely according to "its plan". No one seems to care enough to buy into the fantasy. They see red for another 2 years. |
