The shorts are going to get slaughered. Between company buy backs and institutional holders, at the next spike, there is going to be a rush to cover. If I am a short, I get out now. Especially with the drop today. Cheers, Tommy Proctor
i took a position two years ago, admittedly at a substantially higher price than the currently level, and i just doubled my stake. I couldn't help myself in doubling my position when considering the dynamics of what's tranpiring.......
In all honesty, I've never been in a situation where the shorts are fighting a management team that has millions (well, hundreds of millions of dollars)at its disposal to fight the shorts. If there's one thing I've learned in my many years in the market, it's never to go against a company that has solid fundamentals.
I wish I could wish the shorts luck here but that would be a complete waste of time......
The longs WILL make a ton of money here... IT'S A DONE DEAL.
One thing I can not figure out re ESI was the price action on Thursday. Shares were down almost $5 and that price decline came in the first half of the day on roughly 120,000 shares on the NYSE. And there was no news to be had anywhere.
So, who sells a stock down $5 on 125,000 shares? Why would any push ESI shares down $5 with such little volume. Furthermore, that 125,000 shares was the NYSE listed number and that may be double counted (seller unloads to specialist or other short term day trade player, and the buyer immediately sells the same. Thus, the same physical shares are counted over and over again.
The shorts don't own much of a position to sell this down. They get the price lower the old fashioned way...they bash the stock. I think they are running out of reasons to bash this stock. What this stock needs is a mitt romney led dept of ed.