no surprise and nothing bizarre. no one has faith in this company in the short run, or really in the long run.
keep deluding yourselves and losing money.
why you longs going to pimp a company that is clearly a laggard and arguably worst of breed is beyond me and all the other shorties.
Longs here will never learn it seems.
Open your eyes and see with short interest going UP 10 mil shares every 2 weeks the stock is climbing and is now $14.85
Shorts + MKM Partners are shorting like hell and not only that these Idiots are buying shares on the market selling them lower to drop the stock to make their points .
MKM has a price target of $6.00 and that idiot has the nerve to appear on CNBC .
All of these Idiots will be proven WROG
I can't believe we're not up to $16.5-$17. What more could they want at this stage? The company is clearly viable again and even making profits. It just seems like there are no retail investors, en mass. The stock just never seems to be able to hold a rise. My only conclusion is that the stock market over all is controlled by the big institutional investors today. Volume remains light in the market general compared to pre 2008 because retail investors rightly so still don't trust the market, so it's left to the big boys. This stock gets a fair amount of volume but I think it's because of hedge funds and day traders. The good day traders are riding the coat tails of the hedge funds moves. The hedge funds are probably all in it together waiting to shake every last penny out of any retail fool like us who has ventured back into the market. The only thing we can hope for is that they turn on each other and cause a squeeze. So frustrating.
I was going to write somethng like this until I read your comment and the reply by oceanspray321. That is exactly how I feel and why I do not trust the market, any of the talking heads on tv, or brokers. It's not much fun playing a fixed game.
I have time. I am patience. I don't care if big shorts can keep the price down for a day or two. No problem.
When you get frustrated, you sell and that is what they want you to do.
I get the feeling that these stock sales and any sales at all are being controlled by congress or political wonks, as well as an insider group on boards, in wall street and washington all in cahoots to determine the winners and losers on our end as the investors. Which of course is the exact opposite of the design and intention of the markets anything but free, true, fair and just. Their attitude probably is who is going to fire us ?
Don't forget that MKM Partners who insisted on $6.00 price target , this morning said to its clients to short the stock and you can bet based on that some shorted the stock heavily .
MKM Partners has caused their clients to lose money on this stock .
But one thing important is borrowing the stock is very expensive . So these short sellers will have to pay a fee each month for shorted shares . So they all will be losing money while waiting for nothing and eventually they will cover and leave
With 155M short shares on Mar 15 + ~ 20M from Canada + naked shorts ~= 175M short shares 35% of float!
All big shorts can hope for is to stretch out the time. But time is running out on them.