sometimes being lucky is good. I was hesistant to sell yesterday, but now looks like it was a great selling price. Will buy back and downside slows down.
But paid as low as 13.31 (just 2-3 cents higher than 21 year low) of 13.28
I always kick myself for selling too ealry.
I started buying at 15.60 and added 2k in every 40-50cent down move. Had just too many shares, now I have only 2500 shares.
Can you imagine being short here. 120mil shorts...over 30% float while daily volume is slowly dying.
How do you cover 100+mil shares when it trades only4-6mil shares a day?
Tough situations for shorts to be in. Did you notice how quickly it went from 14 to 21 last month?
With little positive news, squzze can move this to $30s in few days.
Carl can easily find the tutes who lent their shares to short. Just pulling those shares back will crease huge squezze.
You probably have notice he is negative on energy for months. His Bil investment here is down 75%. His other energy players are down big also.
He can easily takes this private at $22-25 while getting BOD and shareholders approval now. This is the 1st time last 22 years where $22 may look a great deal.
We will see.
what a timing. as I told you 2 days ago, i will try to short or sell calls yesterday.
sold 30 march20 calls yesterday (10 each - 130,132,133)....I was lucky with my 5.20 130 call, now trades 2.60.