Most people missed that the PPS line broke below the upper Bollinger band after a large uptick. That's always a bearish sign and usually worth a 10% down turn. We got more than that.
How can anyone take these guys serious when they predict #$%$ in the past. It was all planned an you got trapped. The upgrades, the new coverage, people buy and they throw a dart at a date on the calendar and it's all gone just like that.
It cannot maintain upward momentum, it is heavily manipulated and has no revenues yet. Bad mix for a stock to appreciate. Time to sell is the next run to $7 range. Seems we are many quarters away from substantial upswing. Regardless what MGM may say.
Why they have a year left before they will exit completely! No reason to get out so fast. Don't be surprised that short % stays the same or increases slightly on April 30th?
A year ago on 4 -15 short interest was at 36,418,000. Look at it now. They are escaping under our nose and the longs are gobbling up the shares. At this rate we need another year of this BS and anyone from this point forward that claims there will be a short squeeze even for 5 minutes is an outright A - H - O - L - E for believing it. We have a year left to get this under 5 mil before it goes up substantially.
Ichan is expecting a lot more from hos debt than that and you know he won't settle for less! Hell he doesn't even own any stock that we know of.
Down to $2.50 a share by PM. What a joke. No the biggest joke is the SEC won't do anything about it because they simply don't care. That's why these morons can get away with stuff like this over and over again.
Sssshhh the shorts didn't want you to notice that. These things happen. I've seen prices drop below ADCOM results that were 22-0 within a few months. The PPS is determined not on common sense but who they can allow to cover and when.
All this because one guy leaves?? Kinda overblown if you ask me. Shorts probably knew this was coming and saved all there milk money. Stop losses that were set prior to the news have been taken out and at this point we might as well drop to a $1 real quick and let everyone get a do over.
I will ask you. Why would company X pay more than 4X the current value when they can buy it all for under $2. Can you explain that? You will say that all the shares are not available to buy right now and those that have shares locked up will not part with them for less than $8, etc... Okay that being said, why would company X pay more than 4X the current value when they can buy it all for under $2.
and then went long with there covered shares and gained another $4 on the pop back up. This is not considered legal just in case you need to know. Everyone can digest news and if you sell you risk what just happened. If you held, you recovered 50% in one day. There is no wrong doing here but the lawyers will make you think so, Stay tuned. Watch for Dumb, Dumber and Dumbest as well as Lowenstein, Lowenstein, Lowenstein and Lowenstein.