So far it hasn't gotten back to $14.60 but I was able to pick up some more at an average of $14.76 and I'm up on that now. I don't know if you're short or are working for a short hedge fund, but I want to thank you for bringing it down this AM. These short term over-reaction plays are some of the most fun and profitable ones to be found. If I can ever pay you back, just let me know.
Don't know. I just know the technicals have been pointing to a run up since Jan 23rd (the next two days were big drops... go figure). The MACD finally crossed over today, and RSI nosed up from oversold. (But.. it dropped to a pps below the previous day's close twice during today.) Fidelity's equity summary score (weighted average (based on historical accuracy) of all the analysts who follow the stock) of SHLO is 7.5 - "Bullish". The "Street" (Kramer) rates it a "Buy".
I think it's just being played by manipulators, but will eventually find it's true level based on solid fundamentals.
Maybe I'm missing something and if so, I would appreciate it if anyone who is short the stock would explain their reason for their position.
Hey Mark, How do you get a job bashing for one of those hedge funds. How are you paid? Is it by post your make, the amount the price goes down or do you get more if you get responses, like this one? What grade do you have to have gotten through in school to get that job?