I am faced with enormous losses. I picked the wrong one to short. I am tired. I am sure only one person is behind all of this. He usually buys the stock every Friday, 10 minutes before closing time. You can see his frantic buys, driving up the price insanely.
I am tempted to ask the 3 Bulls and all of their aliases how tight do their shorts fit, but I won't.
The only reason I have posted here is to try to point out the gross exaggeration (alright, spelling?) of many of the posts and the (in my fiew) senseless risks on such a volatile stock. And there are only 10 million shares o/s!
Whenever someone buys something like this they should NEVER do it with something they do not have! Whether that is stocks borrowed or money borrowed. I would love to do some kind of a butterfly straddle on the stock at this point but that is not possible.
I do not like to kick a man when he is down, unless he really, really earned it of course, but the alarmism that some posters attempted to inject into what should be thoughtful discourse for the benefit of all interested enough to read it is one of the most distastful activities I have seen on the web. I consider it the financial and intellectual equivalent of the worst of the pornography I have seen.
I do not wish you ill, but I do hope the education is permanent and that everyone makes a maximum effort to assure their participation on every message thread they visit constructive, and only constructive.
No, I have no idea whether SCMM will hit $100 before it sees $25 again, or vice versa.