When MCP was $8, this short was a no brainer after the secondary offering of $6. I covered around $6.60 but am hesitant about shorting again. I don't know enough about the company to take a long position. GL
I have been short since $8 and don't understand why it hasn't reached its secondary offering target of $6. Is this stock really worth almost a 20% premium. Maybe a 10% premium at $6.60. start to cover around 15% premium at $6.90? It's just taking so long to go down.
GAAP EPS for the fourth quarter was $0.03, compared to $0.14 for the same quarter in the prior year
If operating cash flow per share is less than reported EPS, it means that the company is generating less cash than is represented by reported EPS
I don't think so. Volume is too lite to justify a bull trap. More likely a bear trap. I would stay long until June.
Profit taking is expected. But the trend is still up. These past two years have turned so many multi-millionairs into billionairs. But not FAZ.
I don't see the bears fighting with conviction buying. Look at the volume. So 14K is on track. FAS trends up on low volume.
1. The Fed (Federal Open Market Operation) purchases the securities from bonds from investors.
2. The bond holders of the securities invest it into 3x ETFs.
3. Shorts get squeezed
4. Everything becomes "better than expected"
5. Mega Stock market rally resumes
6. We all can continue our extravagant lifestyles
Last time the S&P went up 80%