As per Interactive Brokers shortable availability over the last few days has gone from 700,000 to 1,900,000. It would appear traders returned the previously borrowed shares which added downward pressure on the stock have now returned those shares to their broker-dealer, which they had borrowed out of clients' margin accounts imo.
One other interesting point, short interest has risen from 6,549,273 to 8,262,001 which covers the period March 31st to April 15th. This is just a snapshot in time…..as we know a lot can happen in 15 days!!
Somebody on the board posted that this is done with military procession and difficult for retail to combat which I agree. Stick with the fundamentals and you’ll be ok.
The only investor/poster that actually got it is glhsken. He also understands that Wu could have used the tools at his disposal to protect the stock price. He may be bound by NDAs but I'm sure that he could have done more to stop this senseless hemorrhaging by properly handling the information the media has used against us, unless the company is a fiasco and there's nothing a CEO can do to avert the fall.
if an investor lets a huge profit turn into a loss,it's his fault not the ceo of the company.i pulled out at 11.70 and will buy back under 7, if they don't increase the dividend,as then they will need cash for the g.g. business.
No buddy, you got that wrong. The number one duty of a company is to produce results for the stock holders. This guy is failing horribly.
A CEO like Apple's Tim Cook on the other hand, knows what's important for the investment community and talks about the relevant things like buybacks, new products and how the stocks is undervalued. Our CEO is a total fiasco and a cloud of negative speculation surrounds him.