at a sub $30 price (NOT FOR LONG)...AND it is $150 stock (MINIMUM +/-) by EOY 2013.
How long will the shorts be willing to take the same kind of relentless beating that took down the long side over about a two month period. PPS movement up will be at least as bloody (remember, by definition ALL SHORT POSITIONS MUST BE MARGIN ACCOUNTS) heading north as it had been heading south, but much harder and MUCH FASTER when the SHORT TSUNAMI HITS...NO LONGER A MATTER OF "IF" BUT WHEN !!! PPS can jump from current levels back to 52 week highs in a matter of days as SHORT HOLDERS all attempt to exit their positions (OR ARE FORCED TO) SIMULTANEOUSLY.
Except that "fair value" in the marketplace of stocks has to be adjusted/ implied adjustment perhaps/ possibly is discounted part or all the way in the "current price" ------adjustment for perceived risk--------which assumptively takes it down from your 89$.-----or at least appears to be doing in the market as it is. --------This is of course, a moment by moment, day by day, etc. "adjustment" by the market/ ---a valuation being set by all the possible buyers, sellers, and thinking about it-ers out there. So there is a "risk un-premium" in the price these days, eh.
------Having said that, From your lips to the Deity's ear on the 89$! -------and thanks for taking the trouble to post the number tumbling exercise!