On Wednesday morning when the stock market opens, Corinthian Colleges is coming out with its earnings report. And those earning numbers are better than most analysts have forecast. And so many have shorted COCO's stock that they will have to buy and cover to escape before the are financially wiped out.
Read the COCO message board on Yahoo messages and you will probably agree! If the Motley Fools recommended the stock, its worth a serious look! There's a stock Corinthian Colleges. It comes out with its earnings on February 1st and what's great about the stock is that its earnings are expected to be up almost 39%. And the stock is massively over shorted. That means that it could take almost 25 days of market trading for COCO shorts to cover those millions of COCO short. And there are speculators and panic stricken shorts trying to buy. And there's only so many COCO shareholders willing to sell at these low current prices. That leads to huge supply vs demands - result- a massive bidding war to buy Corinthian Colleges - FAST. The deadline = 2/1/12