Worth 28 Billion and only about 140 million in cash. "Earnings" will be interesting but they are definitely going to have to raise a ton more cash somehow.
Smart traders did between 14-16. Now it's all about bags holding it on the way down. Hopefully they aren't adding to their positions hoping to get back to even sooner (as this will only increase their losses at an ever alarming rate).
That alone makes NUAN a screaming buy on this wall street bloodletting.
If you are short here's your golden opportunity to cover and go long.
Time to flip from short to long. This company is firing on all cylinders with opportunities all over the place.
That's a good sign isn't it?
Block was getting killed on his NQ short position of almost 2 million shares, so he put out the now infamous (and fraudulent) hit piece. I'm sure he has covered much of the now profitable position, but the short interest in NQ remains over 12 million shares! Earnings will be the catalyst for massive short covering that will continue to drive the stock up, but NQ can't chime in with their huge share repurchase program until a couple of days later.