Not sure how many times Michael Fitzsimmons can continue to go the well. His last article was extremely well written, but no need to keep ringing the bell.
Also, he writes how he's not a CFA, but an engineer and that's why I respected the angle from which he wrote the last article. But then you lose a bit of credibility when you write your latest article and mention the short interest.
Let's see some more good news.
Another article from Mr. Fitzsimmons today. A few new bits of information that i found useful (ie - the economics of their equipment)
Granted Friday's increase on no news could be attributed to short covering. However, to think that between Friday and Monday's actions, the short position has been unwound is silly. Monday's large volume large percentage decrease was likely a combination of traders taking profits as well as shorts establishing at higher levels.
I'd place the current short interest still over 2mm shares
Agreed, but he is informative. It would be nice to see some alternate coverage, of almost any kind. Does anybody if ERII has any analysts/firms covering them? There were some at the CC but I can't find any confirmations, recommendations or target prices.