This stock and the way it is trading is being set up for eaither a huge short squeeze to take us well into the 20s or the short position is being added to right now as these guys average up and get a better cost to cover lower. I am predicting a squeeze on a big earnings beat as we also know that no insiders have sold in almost a year now even though we are all time highs. Lets not forget that our big shareholder who controls over 50% of our outstanding shares was the right hand man for Carl Icahn and runs a hedge fund himself. He knows what he is doing and how to pop this stock to a much higher level now that earnings are growing at a super fast pace and our pe is expected to be in the low teens by the end of this year.
Hope you're right. My concerns are the usual sell on the news (like after HG last year) and that expectation might now be too high for the ER. But my other sense is this stock is just being moved to a higher rent district. The forward story for LGF is just so strong that I'm inclined to believe the latter.