So these guys bought 16million for a price around $7.5.
Now these guys are painfully unloading at 30% loss.
Short interest drops from 32 million to 14million In 8 months!
So basically shorts are covering which says that they don't see much downside anymore.
Monster is a perfect stock to trade.
Buy in the low 4s and sell it off in the 5s, pocket 20%.
Business is stable with revenues basically bottoming out plus since there is no growth this is selling for p/s=0.5. Whereas lnkd is selling for p/s=22.
Wall Street loves growth and let them roll the dice on lnkd.
For me I love cigar butts.
I will not buy here until short interest actually goes down.
Yeh shorts follow lemmings, hope you have not invested too much money here bud.
All newbies short interest is climbing very fast don't wait to find out why after buying.
Valid point, most of these idiots are laid off lo$ers bashing their former employer.
Iam just a trader I can buy this at 4.35 and sell at 5 all year, rinse repeat.
Is there downside here personally I don't think so.
it is a 2012 upgrade stupid google and this idiot is posting it now.
Actually I dont see the type of shorting in others so this is specific to Jakk.
At-least don't invest till the results because I think it is going to be bad.
Every time they have come up with any news (do not include meaningless fluff customer wins) it has always been negative.
Can they turn the vicious cycle into a virtuous cycle, I seriously doubt it until CEO and Chairman are still around.
Just the fact these bozos are around means that velt is still on life support.
CFO and COO are just front men for these bozos to divert attention and suck that last penny from investors.
Institutions have wised up and have basically dumped it all.
As I have said before until we find why the shorts are doubling down we have no bottom.
Ed they have 116million in Accounts Payable and 48million in HSBC loan.
The whole thing comes down to how much they get for mobclix. even if they get 25million in cash + 25million in liabilities is taken off the books it is still good in my books, they have a fighting chance.
In your case you are just hoping and praying here and the result is not in your hands. I have done it before many times.
My advice to you is dont get greedy, if this POS pops take profits, Even if you are down 30% to 50% it is easy to rebuild but you are done if you are down 80%.
I will only average down when a sector as a whole is beaten down or the entire market is crashing.
I will never ever average down a stock which is going down on its own because of my past experience.
When a stock is going down 99 out of 100 times market is right. When you average down you are making a statement you now more than the market.
I have been catching knives for the last 13 years.
I always remember the dogs who have nearly killed me.
WCOM, SMD, PXPL, MCOX
Plus there are many dogs which I would been killed if not for divine intervention-
utsi, nbg, abat, velt
Ultimately I know I will be a roadkill but hopefully I am debt free by then.
Good Luck To You.
Wow, 22million shares 6million shorts and song holds 6million.
So about 35% of float is short now.
Maybe I should buy some puts, shorts are expecting a bad quarter.