AS OF JANUARY 8TH
Diamond Foods, Inc. (NASDAQ:DMND) has the 1st highest short interest in this segment of the market. Its short interest is 45.4% of its total shares outstanding. Its Days to Cover is 2.06, calculated as current short interest divided by average daily volume.
WOWOWOWOWOWOWOWOW this is about to exp a major major major short squeeze.
whats the realistic downside if they come out and say they have an SEC violation and that they need to restate earnings? Does anyone think that this could go lower than $25 bucks!? I think the short term downside risk is to $25 bucks and the short term upside potential is to $50. thats 8 bucks to the downside and $17 to the upside. STRONG BUY!!!!!
"but they are definitely buying at some point."
Yes, shorts will be buying at some point, obviously they think they will be able to buy at a lower level than DMND's current price (rather obvious).
Just as some DMND "investors" scream it's moronic not to cover, DMND will shock the market and announce "earnings" before both inquiries have been completed (YIKES! like that is going to happen), the shorts feel strongly about their position.
WHEN earnings are announced, I hope they come in as strongly as some expect, but who really knows? Current Q will have some one time expenses due to the inquiry.
Time will tell, but in the past when I've seen "can't lose" investments they haven't turned out too well LOL!!! DMND is often portrayed on this board as a "sure thing". Nothing is "sure".
Heck on 11/22 verionic said DMND would be 70 bucks "in two months".
It is folly to make predictions--unless for ENTERTAINMENT purposes.