As miserable as it was being long when this stock was being dragged down to the 4s back in December it has to be pretty miserable for the shorts to watch this stock make these gains day after day with big volume. At what price do they capitulate and buy back.
Pirate: any thoughts on a possible buy out? You were pretty sure they were going to be acquired. I wonder what is behind the moves we are seeing. Is it just the stock moving up to fair value or does someone know something about Verizon or a buyout? I guess time will tell.
Someone said "12 by autumn" how about 12 by the next conference call? I suspect even sooner than that.
I agree that we gap up 3 to 4 dollars w a Verizon announcement. After that the short squeeze takes over and off we go. Would suck to be short here. At least w being long your downside is known. With being short your downside Is unlimited. I'm sure no bias will hit those intrday moves perfectly and make money . Lol