I'd love to know. I hear things here and there about increasing revenues with negative net, but 34% shorted?? That is insane. And it's extremely agitating when you go to a board and see people boasting profits when a stock is that high in short float. Don't get me wrong, I feel long term this stock will make a lot of people happy, but to think short term that there will be a profit with that much short float is ridiculous. I bought in at 24 and sold at 17 because I want to hold long, but it became obvious I can buy in less and save myself the $2-5 a share. At this point, I'd love to know what information shorts hold to have that much float taken up. If anything, that scares me into believing there is a large loss coming in the next quarterly report, despite acquiring new deals with gov't contracts etc since those don't reel profits immediately. My GUESS based on valuation is $12-14 after earnings. After THAT I feel I might have a good buy in since they've seemed to stop buying out smaller companies and may now actually keep some more of those profits. I wouldn't mind holding longer instead of having sold, but the volatility and short float easily screams this stock is a technical traders dream, and that there's inside info leaking somewhere. I've never been cool with that, but hopefully we see some change...hopefully.
Yeah, you should make comment. There's a dozen of posters like you on boards across Yahoo making stupid, unbalanced statements with no merit nor rhyme and reason.
I came back to posting on Yahoo boards for the first time in years to see this #$%$ and frankly it's agitating and sickening. You want people to make better decisions to benefit your trading strategies? How about educate them with informed comments, not your trash.
I can already see it has a local clown named fatedecides...
Anyway, I bought in for about $6k at 22. I'm liking what I see in terms of the government contracts. I was VERY surprised a few days ago to see it down to 20s when I last remembered it being around 80. Im still skeptical, however, as I agree with a lot of the sentiments of others on here. I don't care what anybody says, if 35% of the float is held in short, you should be very concerned. I may sell tomorrow if the numbers reflect the same or higher, but long term I think this is a blowout stock especially considering its use of metal in fabrication.
The toughey is, short term there may still be some loss, but I don't know how much. Looks like today we baaarely touched a double bottom. If it goes green tomorrow I'll take that as a good sign. If not, I might be out to come back in after a little bit when there's more evidence of a good re entry. Good luck to all in this stock