No name calling here just a couple of facts.
Actually, the stock closed up $.07 from the Tuesday closing price, which is almost a .5 % gain.
Over the last 5 trading days, EBIX is up 6% blowing away the 3 indices (your flying market).
FACT is, a plug nickel is a move on a $15 stock. You need to recalibrate your turd finder.
I think he is saying, sell when it falls about 8.5% off the top :)
If the short squeeze is due to EBIX being cleared of charges, I would think you would not SELL for a while. If however PPS were to zoom up to say 25 in a month ... well that would be a different story.
I think there would be a lot of sellers over $20 by folks just happy to get out alive. They will be selling to remaining shorts and possible new buyers.
With all of the corruption going on these days, I would not be surprised to see monster cover action just BEFORE a US attorney announcement. Possible a "TIP" is revealed before any public announcement. I am not saying this will happen ... just that I would not be surprised.
You got the story partly wrong. There were wolves, sheep, and elephants. You see, a wolf or a gang of them can eat an elephant, but there are likely to be casualties. A gang of powerful wolves can eat the weak young wolves and expose themselves to far less risk.
So the wolves ate the sheep and then started eating the follower wolves and left the elephants alone!
How bout this. Some people get thrown in jail AND the company is better off for it ... I welcome any and all deserved arrests. Let the truth be told.