This company is joke. Acquistions with no results, Increasing operating costs, they can't even meet their revenue targets. Fire the management team! Short is the way to go, unless something drastic changes in the short term.
Yes, you and some others predicted the plummet. I will give you credit for that. As for a management firing, realistically, it looks to me that the Board is okay with mgt and is on the same page that the NSN deal is a positive and not a negative.
Now, so that everybody can win here, can't you share what is your short tactic now? Did you already short, and at what price? If you missed the short, are you shorting Monday and down to what price do you figure is a cover price? Are you going to cover at $3, or the back test to possible $2.50 from last October, or hang on for drip by drop shorting until there is a BK?
I would like to find some good buy points on this down cycle and wait it out for some rallies to sell into.
What you think, can you share your views on that? Anybody else want to offer short tactics in case jonpower19 wants to take a pass?
I think a short here is safe as I see no new news coming anytime soon to turn the ship. I would cover around 2.75 if it hits. I however have a buy to cover at 3.00 with a 10% trailing stop. I am greedy but stay disciplined and that is why I am out on my target.