within a couple of weeks. Bashers here are forgetting this is at a 52-week high. This is a terrible stock to short. If these guys continue executing, this could be $25 in a few years.
ZNGA has like 800 million shares outstanding and GLUU has under 80 million shares outstanding. ZNGA is losing 15-20 times the $$ that GLUU is. You are right, GLUU will never become ZNGA. ZNGA gets all of the hype in the media but it's GLUU that is the absolute bargain.
you are crazy. This selloff is ONLY due to it running up 80% in 3 weeks. The reality of it all is that its still up 50% in the last month. Short sellers should cover as this will be under accumulation again very soon. This company is at an inflection point to profitability and is an absolute bargain here. A company can buy them out for pocket change.
I doubt this makes it to $10 before a buyout offer is presented but in any case, this company is NOT a good short candidate.
Exactly. These shorts/sellers are prematurely celebrating. The growth will not be ignored in the coming hours/days/weeks.
These guys are positioning well for growth. If you're short here, get your head examined. This company is FINALLY starting execute well and should have some very positive news to report regarding next Q earnings. Deer hunter is smashing revenue goals and they have more releases to follow shortly.
To be honest, I think a buyout before this gets to $5 per share is the most likely scenario but I would be disappointed if that happened.
Excellent work! I'd cover here heading into 4th quarter man. Take your profits. The downside is minimal and if they execute even 50% of what they hope, you will wish you had. The holiday retail hype will most likely push this over 10 by EOY or higher.
Let it run and reshort.
It's at a 30-year low. The conditions couldn't get any worse and we're heading into the 4th Q where retail is king. If they fail to execute this holiday shopping season, then you can reshort down to $5, but for now, this is headed back up.
If you're a new short here, I would cover. If you're a long time short, you have nothing to worry about.
Avg paid .13. Buffet comments and a total collapse should begin short covering + new buyers at this level.
I doubt we hit back to $8 this week but it appears to have bottomed out for now.
Thanks for your input but it was trading on light volume within a 50 cent range for 2 hours and all of a sudden it spiked on both volume and price. Yes, it's still down, but something happened. What was it?