Im just going to hold on. I wish I did not take such a big position. Im sure most shorts from the low 90's have covered. I am sure from high 80's have covered too. I wont short any more but had to send it money so they dont force me to cover. I will wait it out. I will never ever get into a trade that does not make sense. There is a reason why this stock trades with such crazy valuation. THe best for retails is to stay away. WE just dont have the money power as the people that control the stock does and we get cooked :(
got short in the high 104 level, because there is so much expectation of QE baked into the cake across the markets, that when the fed disappoints... and they will, there is a lot of premium in this dog to be unwound. Now if they announce some big stimulus package...doubtful, don't fight it at that point, cover and wait for a better entry. There will be a time to fade that move, but will need to let it run it's course.
This lawsuit of the security breach could be interesting as well...
For one,make sure you are 100% cash so the crooks cant steal your eventual winning trade....This stock will be below 50 in the comming months!!!This is the last pump job UNLESS A GLOBALLY COORDINATED CENTRAL BANK INTERVENTION IS ANNOUNCED which I doubt with the markets trading close to their highs....This is a rigged game and ya cant use margin!!!!!!!
My strong sentiment aligns with TREFLIS - actually, lower than their valuation: I think its worth about $15/ share. I just bought this weeks Put options strike price $95. A little crazy, I know, but, I only put $100 is. I have other Puts further out, and am down money, but holding.