not that I'm such an expert, but in all the years I've been following stocks,,, I don't recall someone "Initiating Coverage at a Sell" (unless they're SHORTING it already) it's even more ironic that they include a price target of $27, when the stock was at 28+... ummm,, how confident is that SELL when they only expect it to go down 6% ? a stock can go down 6% in a few days just by mild FULL market fluctuations....!!!! what horsesht are they peddling...
I think the whole thing was a farce,, and I hope people remember this BS,
people overuse the term "manipulation" so I hesitate to use it, however, if I ever did see a case, I think this is it..
I can only hope it pisses off the BKE management enough to open a few more stores, come with just a few more marketing ideas, throw it back in their face.. ( I mean they probably don't have to do ANYTHING, but hell, when faced with this kind of errrr,, manip,, errgh,, bS.. well, I hope they Do react positively.. )
I just noticed another positive. We will loose our 52 week low of 13.57$ soon. In 14 trading days our 52 week low will be up to around 20$ That's going to help make the current price look like more of a bargain.
"But let us say that the company doesn't miss? What do you think will happen if it beats estimates to all those short sellers? They will have the short squeeze of the century happen as 30.7% of the float will need to be covered. And, as one short seller covers, it will put tremendous pressure on everyone else to do so or get slaughtered."
Yet again here's that argument. Perfectly reasonable. BUT the fact is we have reported stellar earnings growth over the last 12 quarters including the worst recession since the depression. Why will this quarter be "the big one" that breaks the shorts' will?