Ryan, Sorry to hear you are no longer a shareholder. I have felt the same way, for almost a year, about my investment in Actrade as "dead money". The moves in internet stocks, etc, have made me envious although I did get into E-Trade for awhile. To put it mildly, the opportunity costs have been great holding ACRT.
I view the short situation somewhat differently - it does still matter. With over a million shares short, where will the stock come from to cover? They can't just print up certificates, although, with the history of these shorts anything is possible.
Bottom line: Coverage from a major house is needed, shorts will have to cover to well below 1 million shares, TADs are becoming a "hot item", and your target of $21.50 is very conservative. I'll take that in a market like this moving forward.
Thanks for your objective comments, Keith |
