We could see a monster squeeze today. I don't have a clue as to how many shares will be sold to covering shorts at which prices. Will tutes take profits or wait for a much bigger payoff? Don't know and don't even have a feel for it. Uncharted territory for me. Remember, tutes own 79% of the float. There ain't enough retail shares to handle massive short covering.
The point of the above is I want to sell a few flippers......and I suspect I am not alone. I will not enter a limit price before the market opens (as I sometimes do with flippers) because I have no idea what is going to happen today. I may not be at the computer today until about noon and don't want to leave too much on the table with too low a limit price. I thought of a trailing stop, but I suspect it's going to be a volatile day. I don't want to get stopped out too low only to have the price take off with more covering.
Soooo, I'm going to wait until I can watch before I do anything.
For those thinking about selling flippers I suggest you not let greed drive your actions. Don't chase a falling bid to try to beat the other guy out the profit door. IMO, the fast gain today will be much bigger six months from now after a 22 cent div in Feb and 23 in May.
very sweet, a longtime coming. management has been pulling the right strings leading up to this and continues to make the right calls. 20% pop.
definitely will be in on the call in an hour. curious if they will limit it to the spin off, or if they will address the other pending deals in the pipeline as well.
How could people be so stupid as to bet against a bright guy determined to show the world how good he is? I don't feel sorry for them because the writing has been on the wall a long time. They all had opportunities to view the presentations and listen to the conference calls.
To the heavy hitters on this board: Is this sweet or what? I thought I was waking up to a 10% gain and instead it is 20%. Wow!!!
Also, this a great country that allows people in raised average circumstances (my dad was a probation officer) to get an education, save and invest and wind up with $Millions. Most people won't, but that is not because the opportunity is not there.
Success = When prepartion meets opportunity.
Sentiment: Strong Buy
So far, the between After Hours and Pre Market (with still an hour to go) the Max of short shares that could be covered is about 3.5m shares with a $2+ price increase. That leaves something in the order of 33M shares on the short side. We have all been waiting for this!