Bought into this this morning on what appeared to be some generally good news. Saw that overall the stock appeared to have bottomed a few weeks ago after a rough patch and lowered guidance. However stock appeared to be moving upwards with some good articles written about it's future. Since this morning the stock has plummeted $0.60 per share. Is this one of these ridiculously short controlled stocks where good news = bad price because they hammer the daylights out of it every time something positive happens?
Management has really bad CCs. Other than that, your assessment is correct about the short position. Shorts will continue to do what they can do - right now it is relatively easy to steer the momentum to their advantage. Irrespective of how bad Maurice handles things, the momentum in utilization is clearly in Mako's long-term favor.
Well, that was painful. Any idea where this could go down to? Are we looking at $10.35 like it did on Jan 7? Is there a bottom or do these guys intend to take this into the single digits before they finish? I am guessing the answer to that, like all short infested stocks is, who knows.