I took my profits down and will now just trade the gaps up and down.....the sentiment has changed and all bad news is out and unless there is an SEC investigation on restatement then you should just trade the gaps up and down.
This was a great short and very profitable...but could now offer a value going forward if management can regain investor confidence.
With the high % short position this will become a great active trading stock because the shorts now own this stock for 2007....no reason for anyone to feel this is a good investment with so many questions about the future and no institutional support. Management screwed up but they all do at some point...its how business works.
My other question to be answered/investigated is about the 100M loan due in 2011...if DB can call loan if certain revenue/profit targets are not maintained, etc.
Hope some of you took Ms Cleo's free advice....the put options returned 100% profit in less than 3 weeks(:-)...good luck Ritso.
Why thank you very much Soule I appreciate the concern. I am very glad that you were very profitable on your trades up and down. Please stay awhile and help us with your astute insight. Good luck to you.