Having ridden the wave down http://thealphaletter.com/6-6-2012-recap-hgg-short/ and taken in most of my position I wonder on folks thoughts as to HH Gregg being acquired by a big box home improvement store? I put forth this opinion in an article on Seeking Alpha http://seekingalpha.com/article/652001-hhgregg-5-reasons-we-think-the-trend-will-be-down and am curious as to folks thoughts on a move like this. I can see a short squeeze happening at these levels which might give traders a spot to escape from long positions. My expectation is that the 8/2 earning are going to be poor and I do NOT think this is priced in. Furthermore, even if they beat the # there is so much noise going on now on both the macro front and the overhang from their pre-announce that the chances of an immediate trend change move seem to be slim.