I thought this might happen. The short interest "Marine" talks about should dwindle heading into Q4 results. This is nothing more then a little manipulation with the pps for those who heard Q3 guidance. Easy money for short term investors to make money both ways. There is no doubt in my mind Manitex is headed higher going forward and this is nothing more then a hiccup. The acquisition just puts more growth into the company. The call was excellent, no BS, straight facts! Mentioned on the call was the question about "rental" opportunities going forward. The speaker, can't remember off hand said basically, that this was another area for further growth. I think I will be here with the longs for a while and enjoy the ride.
Should wait, its going to go lower before higher. I'm also surprised nobody on this forum noticed the increase of short interest reported on July 15th to around 500k shares, highest I've ever seen it on MNTX.