Not only that- he has a huge short position in SUNE that he just put on last week! LOL! I love it!
We go to the moon! 5, 10, 20, even 100 dolares per share!
I don't think they could get more than 2.46 right now even if they liquidated the company and distributed everything to shareholders. Major impairment of book value.
That doesn't make sense to me- that changed overnight then? People had plenty of confidence yesterday when the stock was kicking tail, and also this morning. Nothing but good news as the lawsuit was rejected. Looks to me like hedge funds are playing games today.
Any opinions? Not worried since it will hit $100 soon enough, but I do find it curious.
Even if magnitude is lower, this cannot be good for the bulls. Looks like the party is over soon. I would actually welcome 1100 S&P as there would be incredible bargains to be had.