there are so many, many stocks to short yet you are going to short a stock that has been so good to you? A stock that is in a sector that has been breaking records through the BDI, a stock now that has been a value play at best, more like the rodney dangerfield of stocks, and now is a momentum play, a stock that has a forward PE in the single digits? Have people forgotten how to pick stocks? Please Sir, for your own good don't bet money that this stock is going down.
I'm betting this is probably a good time to start getting short. When someone comes along and predicts a "target of 60" and that same person doesn't have a clue as to what a short squeeze is...... well....the dumb money is here gang and maximum pain is coming. BWTFDIK.
Sorry flag, no offense intended.
"The pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush to cover produces additional upward pressure on the price of the stock, which then causes an even greater squeeze. Also called squeezing the shorts."
It seems to me that many more squeezes are anticipated than ever happen.
Incredible volume today. Only bulker that did fairly well today. Something must be up!!!
I am surprised that no announcement has surfaced concerning earnings. I hope they have a PR tomorrow with an earnings announcement later in the week. I have sold about 20% of my original holdings but still am nervous of any accounting irregularities, shady dealings, etc. Did you see what happened to OPBL.OB this week??? You never know what stock could get struck with total disaster (including EXM).
Also thinking about selling more and moving to OKN. Their 'affiliate' must be getting ready to pull the trigger on something.
Good luck to all longs...
Note - sold some today at Honest's low end of his original range ($27.99).
If this isn't a short squeeze or momentum, then maybe it is still a value play. Believe it or not, EXM's ship market values just went up another $1.46 per share to $7 above BV. That produces a revised fair value of $28.25, right about today's high of $28.40.
As usual, I used Compass Maritime's estimated values, plus Goldmar's sale price.
Earnings should be out tomorrow, or maybe tonight.
This all happened about eight months sooner than I expected. I expected to sell half when it hit $28. I haven't, yet, and it is only selling for fair value, not over value.
Whenever a stock moves up 20% in a short period of time, it usually moves much higher. I can even see a cup-with-handle formation, with a pivot (buy) point at $23.54.
What are you guys thinking?
Avg Vol (3m): 189,360 .Presently volume is 334,100.I put the sign?.Honestly I do not know I just speculate that some shorts were nervous and panicked this morning. Analyst Natasha Boyden of Cantor Fitzgerald set a target price of $19 on April 12 .She should know the fundamentals about EXM .This morning EXM traded above $28.Last year EXM traded near $8 and 2 year half ago it traded above $40.I think the big volatility was not just based on fundamentals but was partially caused by shorts covering.I am not an expert on maritime transportation,just a small investor but I think that EXM is presently overvalued.Maritime transportation is cyclical unless India and China continue to grow at a high pace and boat builders cannot provide enough new boats BDI should move down and maybe collapse.I wrote the comment because I wanted to know the opinion of others posters.Just a thought.Regards
I was just wondering why you thought it might be that. I haven't ever noticed that exm has had a large short interest, but also don't follow it that closely because whenever I have looked it has been small. It's always great to exchange thoughts and concerns.