After January 29th; an announcement/leak is likely. If Starboard sells out now with a major market correction started; the QTM stock will plummet to $ .38. It is sad the QTM board ignored a $ 1.90 offer. Starboard does not have a majority on the board but a lot of shares. A week fom now we should know more. IM ready to run if Starboard starts liquidating. The rest of the market is correcting another 10 percent.
Najarian and Fast Money analysts are now predicting the long anticipated market correction is finally here. The late Friday sell-off into the close; sets up next week for the additional 10 percent sell-off. Najarian went short on all his positions with a lot of cash to buy new ones. The most vulnerable stocks will be the ones that ran up the most since November. MEA is one of those. I took my profits at $ 2.45 and will slowly buy back after the sell-off has settled. Najarian has made me a lot of cash; watching Fast Money. Im short since Thursday on three major stocks and have tripled my money on those; using put options. MEA will probably bottom out below $ 1.50 as long as the market holds 15,000. I would buy back 100,000 shares at $ 1.40. Right now; cash and shorting is the only strategy.
CNBC Fast Money Told Viewers To Buy Nucor; AKS Steel And MEA Last Monday. Huge Rebound Expected For 2014 In This Sector. John "Doctor J ' Najarian said his best play was Nucor and a bigger gain from Metalico. He predicted that the companies hurt the most since 2008 would rebound the most. He has a huge following and am sure they will keep buying for awhile. April $ 2.50 call options indicate over $ 3.20 per share by April expirations. There is no secret news coming. Smart money started moving this Monday with Fast Money helping out. I had bought 15,000 shares back in 2008 for $ 11.15 a share and sold 3 months later for $ 17.75. All on Fast Money predictions. This may keep going for awhile now. I bought another 15,000 shares at $ 1.85. No brainer.