you realize caseyboy2 is a internet troll whose thousands of posts on the internet over years and years are stalking of me? He stalks me because I was short IDSY at $22.75 and he was long. I also discovered he used his same name (by googling his alias) on pedophile sites where he asked for "young boys". so you are conversing with a pedophile.
I would imagine many margin calls will be going out today to many of the shorts. the smaller ones will get flushed out but the big guys like Uber may double down
hypothetical Uber evil plan:
- hire dirty tainted bloggers to further their agenda
- short medallion lenders
- anti taxi media campaign
- crash medallion prices
- buy medallions at pennies on the dollar
- corner medallion market
any reasonable short would cover and possibly re-enter at a higher price once the stock levels off. Problem is, I don't think the shorts are reasonable here. I wonder if Uber itself is not shorting the company.
also ironically, Avis will need to take a $3M write down in their IDSY stock this quarter. Will mean a substantial hit to their earnings.
IDSY has come full circle with Avis. Jagid was fired for solely going after Avis. Ironically, it's their only large iron in the fire now. Avis is so incompetent, they need IDSY to solve their pending obsolescence. Where would we be if Jagid was allowed to woo Avis all this time? Maybe 100,000 cars installed by now. Certainly no worse off. IDSY 2.0 would not have happened. We'd have more cash.
One can argue strongly, Ehrman has destroyed the company. and his little dog Ned too
I'll respond: GFY. Do your own research
If I was short, I would cover. Barron's is certain to run a follow up article