Am I looking at these numbers right? Beazer is going to buyback 10 million shares of stock, with 40 million shares outstanding. That's 25% of the company! Also there is 23% short interest in this stock, which equals over 8 million shares. In order to close those positions you have to buy. Following me here...Thats 18 million shares out of 40 million. Oh and did I forget that the insiders just bought 9 million dollars worth last month. You make the call.....
He allegedly made some smart investment decisions, like buying BZH "5 years ago" and selling it recently at 68+. What's annoying is that he keeps hyping BZH as though he still had a position in it. Though he lost his ass on a PHM trade he posted recently, he seems like a decent guy otherwise. But I still like to prick his bubble.
The other pumpers on the board are much worse off, like the guy who was hyping BOOM and HURC. I won't bother to reply to them because they're obviously clueless about investing or trading.
Today might have been the buying opportunity you didn't want to miss my chubby, short friend. Folks that shorted in the $20-$50 range should really considering covering their positions as this may be as low as it gets. You may have noticed that the big boys aren't selling at all!
Are they still paying you to post this desperate crapola.
Same stocks being sold and covered by shorts over and over again. Short losses on BZH are huge. Many that shorted in $20-$50 range are now covering. Make sure you don't become one of them. All the big boys are holding or buying on some of the dips.