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Focus Media Holding Ltd. Message Board

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  • paultradestoday paultradestoday Jun 23, 2008 12:37 PM Flag

    Truth

    Also, this just out from Alpha:
    "With over 38M shares currently sold short, it will take nearly 7 days of normal trading for short sellers of to cover their positions. This creates an appetizing situation for an opportunistic hedge fund, large investor or even the company itself via a stock buyback announcement to send the company’s shares barreling northward and send short sellers frantically running for the exits.

    Even without the above “squeeze” scenario playing out, and barring any new bombshells from the company or a major negative macro economic development, the company’s shares are likely to begin a climb back into the low to mid $30’s prior to the Q2 earnings announcement expected in early September."

    Risky but I'm betting on a positive analyst meeting and will continue to accumulate between now and then.

 

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