This is your last chance to BUY APOL at this ridiculously cheap level
All the selling here is technically-driven (ETF and MA triggered) so don't be intimidated. Notice that today's sell-off was on very light volume. It's meaningless and is creating a once-in-a-lifetime opportunity to pick up the shares at less than 2 x CASH FLOW. Once the buyback program kicks back in (shortly), the squeeze will ensue. Step up to the plate - you can thank me later when the stock moves back up 50% to the high $20s.
They have an outstanding buyback program that was announced a while ago but up until recently they have not bought back any shares because they were waiting for the HLC's decision. (If you go back and take a look at last Q's financials you'll see they did not buy back a single share.) Now that is behind them and the massive cash pile they are sitting on will be put to work shortly: the re-start of share repo once again or an accretive international acquisition. Either way the stock moves (materially) higher.
Remember me ladies and gents? Hope those of you who were short covered as per my recommendation. Can't say I didn''t give you a chance. If you didn't cover, and even worse, shorted more, shame on you....go back to Investing 101 (if you can afford the tuition now, and BTW, I think U of Phoenix offers a class very similar to the one you'll need to be enrolling in). Things played out pretty much as I expected and even better, I see the stock (and the group) working higher as M & A begins to kick in. Those of you who went long on my recommendatioin, congrats to you and I hope you enjoyed squeezing the hedgies AGAIN. Hats off and stay tuned for my next call.