I just covered my short for a small gain...but am regretting it. Chart looks very, very weak. I think we are going to close right at 180 today and below it on Friday.
Next year we are heading into what is going to be a long downward spiral for a superbly executed and timely business plan company. Just not enough growth out there to justify the PE and the competition (aka. APPL) is going to destroy this company.
for those on this board that are short like i am i am thinking the new year will bring some good momentum. there may be a lot of people who don't want to sell right now since they would have to pay taxes soon on that sale but if they waited until the new year then they would not have to pay taxes on the gain until 2012. also, there may be some shorts who are underwater that are buying now so they can declare a loss on their 2010 taxes. thoughts?