Well, well, well...Steven Cohen is now the proud owner of 5% plus of ESI...
Cohen now makes over 100% of the shares held by 5% plus owners. Yes, over 100% of the shares. How is that possible...10 million or so shares sold short.
Cohen is not to be screwed with and the market knows it. He knows the position the shorts are in with ESI and he squeezes like no other. Hold onto your hats and get your shovel ready if you are short, because you are in your grave already.
I still can't get over how bad your timing is. You are not clued in at all. LOL!!!
That's not much different than bragging that Bernie Madoff (are you clueless about Bernie as well?) is buying shares.
SAC Cap is the most troubled hedge fund I know of currently. I cannot name a single worse fund to be a holder at this time. You REALLY have to go and look this one up. Even you will have to realize what a complete joke your claims are. Ha ha ha ha!!! :-)
Do you listen to the news? SAC Capital is in MAJOR trouble right now. They are in the midst of dealing with tremendous investor withdrawals and potential criminal charges. Google for Monday's article in The New Yorker titled "WILL THE FEDS TRY TO KILL SAC CAPITAL?". Their capital letters, not mine.
There could not be better potential news for the shorts. Honestly. Here you have a fund with large holdings of ESI that is rather quickly going to be forced to liquidate much of what it owns. If they choose to keep their ESI holdings, then at best it will be neutral. They are _not_ in the position to be investing more. If SAC Cap needs to liquidate their ESI, then the longs will have to bend over.
Many times when hedge funds collapse their holdings end up getting trashed.