PRAA has a big short position with about 20 days ave. volume to cover. This will result in a short squeeze so longs just enjoy the ride up. And sorry shorts you made a mistake so cover your A??
Great report, a lot of shorts will need to cover, they are trying to manipulate price with lower volume AH. Stock will rise for the next few weeks as these shorts will be squeezed. Longs sit back and enjoy the ride.
I doubt he will go broke, this is only one of many positions he owns (ex long mu and aapl) he is a good investor. However He is getting his face ripped out on this one which shows no one is perfect. Stay long GMCR and don't care what he or anyone else is doing. Giddy up.
Najarian is wrong, trying to shake out people. This extra activity could be attributed to earnings. Don't sell
Their will be some in the media who try to downplay this stock. Remember there are some billionaires that are short and have a ton of influence on the media. But billionaire or not they are getting their faces ripped off.
Alibaba conservative 36 per share. Yahoo Japan equals 8, cash about 4 and YHOO about 14 a share this equals about 62 and then the liability is Marissa subtract 5 so this values at about 57 so buy buy bye.
Sorry pal but this does not help me feel any better. Imagine all the people out there working hard and doing a good job (firemen, policemen, teachers, doctors etc.) that you could hire for 100 million plus. Like I said this is my top holding but not because of MM.
So we have all had to here that Marissa Mayer is a genius. Now she is firing her top executive who she brought in with a nine figure severance package. Where is the outrage? I hope that she gives Jerry Wang a big gift every year as the only reason that this stock is up is the Asian assets that he invested in. I am not impressed with Mrs. Mayer and the job she is doing. This company is my top holding but the only reason that I own it are the Asian assets. At this point Mayer looks like a liability.