Scott, it just shows how brain challenged they are. The stock goes from...
$35.00 to $18.00 in short order. Say, you short around $25.00 for a nice profit.
Instead of pummeling the stock and the investors in it to gain another measly 2 points over a three week period, you let it breath and regain some altitude. But not these guys!
BTW, I can tell you they have not covered yet and neither has the short selling MM, mainly responsible for the whole situation. I guess, they won't get their shorting bonus on this one: instead, they'll get a nice law suit.
Anyway, they'll start covering around $20/22. That's when the stock will really start flying after a good gap at the opening tomorrow. I believe there are several big blocks buyers waiting in the wings to accumulate.
The squeeze will start when they try to cover a short deficit estimated at over 600,000 shares. We should close around $25.00 tomorrow, if not much higher.
Regards, F. Goelo + + + |
