Matrix Analytix out defending CSTR few minutes ago
These guys are always on point, likely behind the rebound we're seeing
11:06AM EST Weak CSTR article out on WSJ questioning company's method of calculating same store sales...this is following another very weak article posted last week by the same author (Martin Peers) questioning CSTRs valuation (Google "Martin Peers Redbox and click on the first 2 articles to read them in full without subscribing to WSJ...also note 3rd article which shows author has been bearish on the name since February of 2010)...translation, the hefty short position in CSTR (+8M shares, 38% of float) is trying to put pressure on the stock in order to cover their losing position ahead of year end...note CSTR trading at new all-time highs so short position is clearly underwater heading into the close of a year where performance numbers will dictate what fund managers are still employed (this was a very challenging year where pool of risk taking capital is dwindling and shifting to fund managers who were able to manage this year's volatility)...watch for this short position in CSTR to unwind viciously over the next few weeks heading into year-end as there is no way position will remain on funds books, and articles are a clear signal the fund is on the verge of hitting the buy-to-cover button
You & Mr. Peers should disabuse yourselves. Funds will pile into CSTR last week of 2010, it's called "window dressing". Good performing equities with a promising 2011 will be bought at this end of year.