With Aug 7 CC fast approaching, I find it interesting that the shorts that are in the money are playing it this close. Volume has been low for awhile now with the exception of a few spikes[attempts to drive down pps?]. I commented a week or so back that unless a short holder thinks this co. is going under the downside so outweighs the upside that a prudent player should cash out a % of his position. The Cowens financial deal/offering will not replenish but a small fraction of the 23+% short float. I would be interested in knowing what the average short pps is. I started to observe it spiking from around $7 and change thru $3 and change. Unless management really messes up IMO the pps should rise to the 200ma of aprox.$4.30 - $5pps in the coming weeks. Time for shorts to realize some profits? opinions
I disagree. The stock will most likely drop after Q2 is announced. Outrageous analsyst estimates and I'm guessing a questionable cash position will drive it down. If you think the analysts are correct here, predicting 650k or so in revenue, you are as batsh*t crazy as they are.